Regarding EOS, most of their issues are solvable. Also, they have a war-chest of cash that isn't bested by anyone in crypto. They have some of the smartest developers working with them, and they have a way to pay/compensate new developers that build cool things. That gives them a tremendous leg up on steem which mostly relies on speculation by Asian investors to give it much value beyond what it is currently, which is then used (via upvotes) as a quasi tip for developers like you mentioned.
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I hold a few dozen EOS. Thought i might as well buy some.
For the love of me i cant figure out anything to use it for.
EOS might be the best project in the world but all i see when i browse its sites is shitcoin airdrops and gambling transaction spam.
I mean even the blocktivity site shows EOS at 14% of max blockchain capacity and theres literally nothing of any real worth built on the blockchain.
Yet...
They are the most well capitalized project in all of crypto and it's not even close. I am not a fan of theirs, but I follow the money...
Sure.. Problem is that even if they had another truck load, or 5, of cash and had this to show for, it wouldnt make any difference to me.
I still wouldnt know what id use it for.
That's fine. That is when the most money is made on an investment. You don't buy something for what it is today, you buy it for what it could be in the future.
Well. You buy it when its undervalued. When something with great potential and utility is ranked 45 and the other thing is ranked 5 that has great potential but very little current utility... I think one might be a better investment then the other.
Problem is that the crypto market very rarely makes sense in its choices.
Well part of the EOS valuation has to do with the fact it is sitting on roughly $2 billion in cash. This isn't an argument for EOS over Steem. I am just saying that EOS is set up very well to succeed going forward. If you really want to compare them... Steem doesn't have a war chest of cash, they aren't paying developers millions to build things, and the development team hasn't delivered much of anything in over 2 years. Steem and the developers may turn it around at some point, but it certainly deserves the ranking it gets currently, and that is a shame because there was/is a lot of potential here.
Well sure. You obviously believe in Steem, being invested as much as you are, im just saying that the the rating does not represent reality accurately.