I've been evangelizing the chat to annoyance, so I thought I'd post a public idea on the issue.
About two years ago, after reading into the night (for many nights) on this thing called "ethereum" I was super excited about the tech and it's potential. I'd post about it constantly in the chat, suggest people buy in or at least look into it and give it an honest review. I really wanted it to be successful, not explicitly for my profits (as I bought pre-sale) but for the desperate need for such a technology to exist and to thrive. Unfortunately after a myriad of Ethereum based ICOs, it's become painfully clear that the tech we got, was not the tech that we need or which will last. Each new ICO on the ethereum network exposes more flaws, mainly being: it will never be able to scale to real-world business transaction needs. The network grinds to a halt, causing transactions to take hours or days at best, or to just fail completely at worst. Hell, look at the needs of a network like Facebook for that matter: 510,000 comments are posted, 293,000 statuses are updated, and 136,000 photos are uploaded -- PER MINUTE. Visa can do 24,000 transactions per second... Ethereum is crushed by 10. 10 per second is it's top and it's not even able to handle that in reality.
I explained that, to tell you this: I have FULLY divested from Ethereum, and am buying heavy into the tech most likely to swallow it whole - EOS.
Do your own research on EOS and get educated. The price is very attractive right now and as the chart shows, it is signaling the start of a bullish trend. I will not sell my EOS for at least two years. I want it to fully succeed and I'm looking at the investment- as an investment - into a product I want to use. I have NO targets for EOS, and will be buying in at many different levels. The green line on the chart indicates my average entry to date.
Please save your tirade about how Ethereum is never going away- for someone who cares. I'm making no claims as to the continued existence of the Ethereum network, only that I'll no longer be supporting it.
Good luck out there.
add also: medium.com/@yobanjo/...-limits-543bc56e64bb
and this: www.coindesk.com/eos...lockchain-contender/
About two years ago, after reading into the night (for many nights) on this thing called "ethereum" I was super excited about the tech and it's potential. I'd post about it constantly in the chat, suggest people buy in or at least look into it and give it an honest review. I really wanted it to be successful, not explicitly for my profits (as I bought pre-sale) but for the desperate need for such a technology to exist and to thrive. Unfortunately after a myriad of Ethereum based ICOs, it's become painfully clear that the tech we got, was not the tech that we need or which will last. Each new ICO on the ethereum network exposes more flaws, mainly being: it will never be able to scale to real-world business transaction needs. The network grinds to a halt, causing transactions to take hours or days at best, or to just fail completely at worst. Hell, look at the needs of a network like Facebook for that matter: 510,000 comments are posted, 293,000 statuses are updated, and 136,000 photos are uploaded -- PER MINUTE. Visa can do 24,000 transactions per second... Ethereum is crushed by 10. 10 per second is it's top and it's not even able to handle that in reality.
I explained that, to tell you this: I have FULLY divested from Ethereum, and am buying heavy into the tech most likely to swallow it whole - EOS.
Do your own research on EOS and get educated. The price is very attractive right now and as the chart shows, it is signaling the start of a bullish trend. I will not sell my EOS for at least two years. I want it to fully succeed and I'm looking at the investment- as an investment - into a product I want to use. I have NO targets for EOS, and will be buying in at many different levels. The green line on the chart indicates my average entry to date.
Please save your tirade about how Ethereum is never going away- for someone who cares. I'm making no claims as to the continued existence of the Ethereum network, only that I'll no longer be supporting it.
Good luck out there.
add also: medium.com/@yobanjo/...-limits-543bc56e64bb
and this: www.coindesk.com/eos...lockchain-contender/
Comment:
Today EOS launced it's live Test net and it seems all engines are go. I regret not using a daily chart to illustrate the points outlined above, but hind-sight is a bitch. At the end of the day, the outcome is the same.
Trade closed manually:
This will be my last post on this chart. I took a small amount of profit at the top of this last move with no expectation that we'll see a correction. I just had a level in mind and stuck to it. It's never too late to get yourself involved in good tech. As long as EOS lives up to the promise, today's prices will be looked back on as cheap to the degree of insanity.