3 ms·
> token solution that makes it extremely expensive and prone to weird incentives like speculative investing and hoarding. You just reminded me of EOS, which ra
by Nursie 4y ago
> token solution that makes it extremely expensive and prone to weird incentives like speculative investing and hoarding.
You just reminded me of EOS, which raised over 4 billion dollars and promised to run a 'world computer', that descended into a morass of speculation on everything up to and including RAM timeslot bookings on the system. I just looked it up, and a mere two years later the entity that had all the funds is doing something else, and the community announced the project a total failure.
The blockchain space really is stunning to behold.
- exit 4y agoit's not a total failure if something was learnt in the process. web3 proposes radically restructuring the web and possibly the economy more broadly, it shouldn't surprise us if it isn't done right immediately.
- Nursie 4y agoI imagine what was learned was along the lines of “don’t give 4 billion dollars to a company with vague promises about development but no concrete plans or legal obligations. Or it should have been, I see little evidence of learning in this space.