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RE: A Prime Example Of How People Jump The Gun

in #eos5 years ago

This is one of the reasons why I wasn't at all worried about EOS competing with Steem. EOS was created because of the whole "this needs to scale better" argument. Everyone was shouting this mantra when Bitcoin transactions were spiking up to $50 a pop.

Steem was already a "good enough" solution as far as scaling is concerned. Our blockchain isn't going to fill up any time soon, and if it does, we'll have just gained x10-x100 value.

The point here is that Steem has had way more time then EOS to decentralize its coin distribution. While Dan talks trash about Stinc saying they are incompetent and bleeding money, the coins being dumped on the market are allowing zealots like us to gobble up more stake than we ever though possible.

In my view it's a win/win either way. Either the price crashes and I buy more stake, or the price increases and I feel like I've made a good investment. As we all know, crypto is anything but stable, so prices just hovering here for a few years is pretty much out of the question.

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In my view it's a win/win either way. Either the price crashes and I buy more stake, or the price increases and I feel like I've made a good investment.

Maybe the best words ever written about this.