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1/ Welcome to #Defi end of the year.
Mark my words: 2020-2030 will be the decade of DeFi.
But today, let's discuss something else.
Let's discuss #EOS
Mark my words: 2020-2030 will be the decade of DeFi.
But today, let's discuss something else.
Let's discuss #EOS
2/ EOS has been checked off as a dead chain by many.
Though I am personally disappointed with the lack of development, and for EOS missing the #DeFi boat 99%, EOS is still going on.
Though I am personally disappointed with the lack of development, and for EOS missing the #DeFi boat 99%, EOS is still going on.
4/ Based on the EOS 2.1 release notes @block_one_ is still focusing on its social-media-on-chain http://voice.com service.
I am still waiting for my beta invite.
I am still waiting for my beta invite.
5/ The interesting feature on this release is "context-free data prune" or "permanent delete."
This feature addresses the needs of regulatory compliance to be able to remove data from the chain.
This feature addresses the needs of regulatory compliance to be able to remove data from the chain.
6/ For financial transactions this does not make sense, but for published content it does.
Use cases include doxxing, revenge porn, etc. There is some content that falls within censorship and it is nice to have it deleted.
Use cases include doxxing, revenge porn, etc. There is some content that falls within censorship and it is nice to have it deleted.
7/ (Out of the context of this discussion are the rules who can delete and what)
8/ "Context-free" means that data is not relevant for validating the full chain integrity and can be safely discarded.
9/ Before all cryptoanarchist jump the gun, Block One clarifies this feature mostly concerns their permissioned chains (e.g. http://voice.com )crypto-anarchist.
But it would also make sense on public chains with governance if those chains are used for communications.
But it would also make sense on public chains with governance if those chains are used for communications.
10/ Other notable features include performance optimisations and developer life quality improvements like action return values.
Make that smart contract development easier, though EOS had very robust tooling already, compared to e.g. Solidity.
Make that smart contract development easier, though EOS had very robust tooling already, compared to e.g. Solidity.
11/ But what else... let's speculate and throw in some drama!
Because I know that you, the reader, breath drama and shit coins
Because I know that you, the reader, breath drama and shit coins
12/ Would be interesting to know how much runway Block One still has for the EOS development.
The rumour is on the street that hired a lot of ex-bankers and organisation has become slow and non-innovative.
Burn rate with bankers must be high. $EOS not going up does not help.
The rumour is on the street that hired a lot of ex-bankers and organisation has become slow and non-innovative.
Burn rate with bankers must be high. $EOS not going up does not help.
13/ In this point of time, it is obvious for us that EOS is completely missing the #DeFi boat.
Why? It is clear as the day DeFi is growing strong. Having a faster and cheaper production proven chain that #Ethereum is attractive for many projects.
Why? It is clear as the day DeFi is growing strong. Having a faster and cheaper production proven chain that #Ethereum is attractive for many projects.
14/ Maybe http://Block.One banker wankers on the payroll do not get it.
Maybe compliance is too tight after settling with the SEC.
Who knows....?
Maybe compliance is too tight after settling with the SEC.
Who knows....?
15/ Another aspect of over compliance: Like needing a KYC for http://voice.com social network...
IT JUST DOES NOT MAKE SENSE.
You need user adoption... not passport scans.
IT JUST DOES NOT MAKE SENSE.
You need user adoption... not passport scans.
16/ To make matters somewhat wors,e the Block One CEO, Brendar Blumer is tweeting about the greatness of Bitcoin https://twitter.com/BrendanBlumer/status/1341268989356331008
17/ Not to mention Block One is investing in Bitcoin mining operation https://www.businesswire.com/news/home/20200702005632/en/Northern-Data-announces-new-Block.one-backed-customer
18/ Of course Block One needs to manage their cash reserves, but for these kind of tweets, I would hope to see these tweets from CFO with some breakdown of the treasury.
Otherwise, it seems like Block One has lost its focus.
Otherwise, it seems like Block One has lost its focus.
19/ A lot of 2017-2018 ICO projects died due to bad treasury management.
It does not matter how much money you have, there is always a way to burn through it.
It does not matter how much money you have, there is always a way to burn through it.
20/ See: @quibi - a 15-minutes mobile flix competitor for Netflix that managed to burn through $2B.
In a year.
VCs say "scaling too much", but I just say "idiots".
In a year.
VCs say "scaling too much", but I just say "idiots".
21/ On the other hand, #Telos ( @hellotelos), the fair distribution fork of EOS is alive and kicking and taking steps to the right direction.
They have a new website https://www.telos.net/
They have a new website https://www.telos.net/
22/ But unlike Block One, Telos foundation does not have massive cash reserves (hello fair distribution) and work is mostly done by volunteers.
Tasks are right, but progress is slow.
Tasks are right, but progress is slow.
23/ $TLOS token also suffers from the lack of liquidity.
This is being addresses.
Telos folks are working on wrapping and briding to get some liquidity on Uniswap and have better price and income mechanisms.
Read here: https://www.telos.net/news/tulip-plan-eli5-explain-it-like-im-5
This is being addresses.
Telos folks are working on wrapping and briding to get some liquidity on Uniswap and have better price and income mechanisms.
Read here: https://www.telos.net/news/tulip-plan-eli5-explain-it-like-im-5
24/ #Defi is definitely closer to Telos's heart than its EOS's heart.
It is imperative to have cross-chain compatibility and go where the audience is.
It is imperative to have cross-chain compatibility and go where the audience is.
25/ Telos is also having its own EVM shard. Seems to be popular nowadays and Telos joins the gang of @NEARProtocol , @avalancheavax who try to become drop-in replacement for Ethereum mainnet.
More info here: https://www.telos.net/telos-evm
More info here: https://www.telos.net/telos-evm
26/ Telos EVM offers 0.5s block time, 10k tx/second.
This is a real blockchain, not a rollup.
Not sure if you still need $TLOS for gas fees, as this is a deal breaker for many Ethereum developers who happen to be $ETH maxis as well.
This is a real blockchain, not a rollup.
Not sure if you still need $TLOS for gas fees, as this is a deal breaker for many Ethereum developers who happen to be $ETH maxis as well.
26/ Hopefully these actions from Telos will start to attract more serious projects on Telos.
I really love their fair launch ideality. It is at the opposite end of the spectrum for "VC chains."
I really love their fair launch ideality. It is at the opposite end of the spectrum for "VC chains."
27/ FIN.
This is all this time.
Now I am getting back to getting fat with my Christmas dinner leftovers.
This is all this time.
Now I am getting back to getting fat with my Christmas dinner leftovers.
