Alright! EOS is here! Is Ethereum dead yet? Does Steem have competition? No, because software development takes forever.
It took years for Facebook to "kill Myspace". Imagine if Facebook was open source and Myspace could have been using the code that made Facebook popular (the wall and the AI constructing it). Do you think Myspace would have been "killed" in this scenario?
This is the exact conundrum we face with cryptocurrency. Everyone is blinded by dollar signs and projected competition. In reality, this arena is totally cooperative. What is stopping a group from coming along and forking EOS in order to take away the 10% Block.One took for themselves? Nothing, so why isn't anyone doing it?
The answer it obvious: no one is forking EOS because it's not worth it. Centralization isn't that bad. For all we know that 10% of EOS coins in the hands of Block.One is actually better than them not having it. There is no reason not to trust them at this moment. Sure, crypto's end goal is supposed to be a trustless environment, but you can't get there instantly.
Tron is yet another blank-slate smart contract platform. Justin Sun conducted an interview where he alluded to a secret project that will be launched on July 30th. The Tron virtual machine will be launching at the same time. I am seriously considering a big temporary investment in Tron for the next three weeks because I think this news is going to pump the price action pretty hard.
I wrote the post tron-bought-bittorrent-for-140-million before I even realized that this secret project had been announced. In my eyes, this secret project isn't very secret.
BitTorrent most recently said it has about 170 million users of its products.
So, when Justin Sun says that there is a secret project that's going to bring 100 million users to Tron, are we really wondering what he's talking about? He's obviously talking about file sharing and torrents. Tron's torrent platform will monetize file sharing by allowing uploaders (seeders) to get paid by downloaders (leechers).
I have scoured the web and can't find anyone that has this same theory. If I'm right, this "secret project" is going to blow people's minds and have them flocking to buy Tron coins. 100+ million people were already torrenting without the prospect of being paid for it. This project could very well be cryptocurrency's first killer dapp that helps bring about mainstream adoption for the entire space.
EOS, Cardano, Tron, NEO, NEM, Qtum, Zilliqa, etc; all relatively new smart contract platforms with nothing on them. When people call them "Ethereum killers" that is only because Ethereum is having some scaling problems right now. When Plasma and Sharding get implemented that problem will be a thing of the past.
Even Steem, which currently doesn't even support smart contracts (just an API) has more development on it than a lot (all?) of these platforms. Development takes time, and in an open source arena we are all sharing that development together in order to increase efficiency and see as many coins thrive as we can.
What is the one thing that matters most for these smart contract platforms to become successful? It isn't scalability. It isn't speed or security. Sure, there are a lot of variables to do matter, but what matters most is community. These platforms need innovative developers that create products that are simple to use, understand, and are convenient.
The only thing that can kill Ethereum is Ethereum. The only thing that can kill Steem is Steem. These platforms are forming teams that people want to play on, and creating a new slightly better platform with nothing on it isn't going to leech away Ethereum's 250,000 developers. If anything, only more developers and users will trickle in over the next decade until we finally achieve mainstream adoption.
The biggest virtue in this space is patience. It's very hard to keep a clear head when the volatile price action is constantly going out of control while the development progresses at a very slow and steady snail pace. All we have to do is hold and wait for the development to catch up to the ants in our pants.
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