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RE: Steem 24 hour volume is 3.4 million. EOS 24 hour volume is 1.4 billion. What does this mean to you?
EOS has along way to go. It may be 18 months before dan has the time to get his Steemit competitor put together. Ethereum had a lot of crazy shit happen over the years. EOS may not have the same scaling problems, but I can guarantee that some unforseen shit is going to challenge the EOS community within the first 24 months. I guess it's sexy and cool for people to talk about the shiny new blockchain on the block.
STEEM has the userbase and the benefit of a decentralized stake-weighted funding mechanism to bootstrap new developers. I have digested both the STEEM and SMT whitepapers and feel extremely comfortable with the direction that STEEM is going in.
Btw, dan selling a million STEEM wont have a significant impact on the STEEM markets.
I talked to an EOS person on Telegram and got this reply...
As you said I also think they will have some big challenges ahead and needing to prove themselves to do something. I can also see that EOS attracts a lot of cool kids that wants to jump on the next Blockchain project... Steem is useable right now and have a big head start... If some EOS users are barely right now interested in Steem then why would they be interested in EOS social media? But I hope all succeeds since I think that will only be win-win for everyone.
It is true that it must be tested and withstand time as Steem has. I pointed out that Steem has 1 million accounts and 60k active users which indicate it has been through some time. There are 100's of newer blockchains to talk about. Steem and EOS are much more related than other chains though. I also agree that it may take Dan some time to release a competitor. Much less that 18 months. He made Steem in 1 year. EOS has much of what he had to do building Steem already built into it. So I will guess competition is less than a year away. Ono will be out in a month or two. It will be the first able competition.
BTW? that was my point. If a sell off of Steem coincided with the launch of Dan's new steemit. Don't be suprised. Currently Dan has more Steem than was even traded today. Hopefully Steem's 24 hour volume wont be so low when that time comes, but it will have a big impact on the price even if temporarily.
One thing all of this new tech, and new hardforks will never be able to fix.. is the distribution. Ned and Dan both say it was never the way they wanted it. All the articles that came out pointing it out, calling Steem a scam.. it gave them a valid point. Granted that was a long time ago. Steem is still standing here, Dan came and left. Steem is still standing. I just am not so sure that 4 million USD volume in 24 hours is all that healthy.
I hold much more Steem than I do EOS. So having Steem succeed is in my best interest. I as an investor, and a user am just worried.
Dan has said in articles that he creates systems based on that most humans are kind. So I don't think he has any plans to crash some project he himself was a big part of haha. The only people that needs to be worried will be short term Lambo bag holders.
Shouldn't forget that it's the amazing tech we should be looking at. How it makes our life easier when it comes to build up networks of trust and relationships. I had 1 day where I got upvoted by 3 different million dollar Steemit accounts. This ability to have easier access to investors is a total paradigm shift.
Just go back 2 years ago this did not exist. 1 whale upvote on this powerful network on the video side is like getting 150,000 YouTube views instantly. The time we are saving is insane! Just because of more effective and optimised systems for exchanging value.