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RE: EOS vs. Ethereum for Dummies!

in #eos7 years ago

But what does 'ownership of bandwidth' mean? Let's say that I own 100 EOS tokens when this thing is up and running. Do I have to do something with these tokens or can they be held as some form of passive investment (price speculation on value and/or a return being 'paid' on those tokens)?

Would love to learn how I am supposed to look at this (please build my mental model correctly).

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You can hold the tokens as a speculative investment, which is probably what many people will be doing. I think in order to utilize the network you may need to "stake" the tokens, much like Steem are vested as Steem Power. I'm not positive about that.

Thanks for the reply.

Just to take this one step further: suppose I hold EOS tokens and do not 'stake' them, would I not be witholding necessary bandwidth from the system or is any bandwidth attributable to my tokens but not used by me automatically assigned to others that do use the system?

I apologise for these questions, but for me to fully understand the whitepaper, certain sections would have to be dumbed down a lot :)

Honestly...... I have no idea! haha. I THINK that as long as the network is not under heavy load, there may be no throttling of network bandwidth. Once network load is increased, bandwidth is probably throttled to guarantee apps have at least the bandwidth proportional to their staked tokens.