EOS will look to become one of the biggest Blockchain Operating Systems (BOS) to date. Other companies in this sector include Stellar and Ethereum.
EOS will use parallel execution to execute 1 Million transactions per second. The age long argument that Blockchain will never be able to replace VISA/Mastercard might be coming to an end.
However, one drawback to EOS is, Delegated Proof Of Stake(DPOS). Which is in contrast to Proof-Of-Work.
In a nutshell, DPOS is a system in which by you vote or delegate responsibility to a node or a select few nodes to validate the blockchain for you. They then send you a portion of the rewards they get for validating the network.
DPOS is much more energy efficient than POW, however if the majority of those delegated to validate the network, are for example the developers, then they will have the power to choose who the witnesses are and essentially dictate what code or transactions are approved. Defeating the purpose of decentralisation.
Another drawback of EOS is Dan Larimer, the creator. He is widely respected as the 'man' akin to how Satoshi is synonymous with Bitcoin. The problem with this and I believe Satoshi may have realised this, is that you cannot have a truly decentralised system, if one individual has such a heavy influence on it. Especially, when he has so many projects that he is working on; Steemit.
EOS compared to Ethereum will allow users to write smart apps in the main programming languages, making it more appealable to developers, and one factor in determining what BOS comes out with the most market shares are the developers who will be developing the apps.
There is an argument to be made about their token sale; the ICO lasts for one year, and is hosted on the Ethereum blockchain. However, those ERC-20 Tokens will have no use on the EOS network because it is not Ethereum based. The tokens are essentially worthless to the asset they are backing. Once the EOS network is up, you can then trade these ERC20 Tokens for EOS tokens, using your private keys.
Further information on this is given in the FAQ https://eos.io/faq.html
Question 21. When will I receive native cryptographic tokens on the EOS Platform?
Paraphrasing the answer, we see that for user X to build on top of the EOS platform, he must first get approval from someone who owns 15% of the total supply. Once he gets approved, users may then convert their ETH to EOS tokens via user X's software. Note that your ETH tokens are locked 23 hours after the ICO. This means that if no-one finds a use and gets approved for the EOS network, then your tokens are non-usable. This is unlikely, and the real red flag in this scenario, which we alluded to earlier, is the power that some individuals will have over the whole network.
Discussion is warmly welcomed.
DO YOU BELEIVE IN MIRACLES ??? for everyone out there thats finding it hard to understand !!! I feel your pain ... All I can tell you is this was a message from above https://www.reddit.com/…/where_you_affected_by_a_technical…/
!!! My hands wrote this but someone elese was the author , Its make me realise that first you have to find yourself , I can only describe what im feeling as love , we are all one I have a little baby on the way and the love of the most amazing women, but what use is anything if I dont truly know who I am if I dont love myself how can anyone else truly love me ??? You know i thought this could change the world something as simple as a music, maybe it can im not sure, all I know is that there is a spark lit inside me , its my soul and it loves everyone we are all one !!! I look back to to 60`s and remember the free love movement I see people loving without prejudice I see a oneness that doesnt exist today...
Call it magic call it devine intervention call it what you will when you open your eyes for the first time and see the beauty in the world nothing can change you, I thought this was life it isnt, were stuck in a dream thinking hat we have to pay rent follow the legislation pretend to be a "person" .... A person is a legal term the term used to enslave you likewise "citizen" just a system set up to take all it can from you ... We are worth more than that and we know it... https://legal-dictionary.thefreedictionary.com/person
What is a human being by statue ??? staatues are legislation , Did legislation make you a Human Being ??? We come from the light look at the video I posted the other day ... If you`re wondering when you became a Legal Fiction look at this https://thelawdictionary.org/cestui-que-trust/
introduced when the fires of London were burning !!! That wasnt enough for them they then put in a "legal system" or as it should be known a control system !!! Dont know how that system works ??? thats because they use legalese (english with different meanings) https://www.merriam-
So how do you have a chance as a "person" you dont !!! when will realise the only law on this planet is that which god gave you !!! Is god not the highest authority ??? are you not made in his image ??? so whos the highest authority ??? and isnt GOD LOVE ???
Does it make sense that the people divided dont stand a chance does it make sense that some divine nature would want to free you from such tyrany ??? is it really as simple as loving each other , dancing , and taking back you life ???
no longer will I participate in this lie , Ive told enough lies to last me a lifetime I`ve done things im not proud of and i know that in the end its alll forgiven !!! Some of us go through life feeling that there must be something elese a purpose to it all that feeling is there for a reason its there to wake you from it all... My spark has been lit and it was the music that lit it !!!
Does it suprise you all that much that god is love not a religion not a faith nothing but love and we were put here to dance and sing and bask in that love ... We have our own ideas as to what God is some dont Beleive in god !!! But show me the person who doesnt beleive in love and ill show them love !!!
We talk about others theres every possible ism you can think of but what you dont see is that they are you you are them no matter the race, sexual orientaion, political alliance, we simply have good and bad life is about duality we need both Dont foregt to remember we all bleed red !!! they are us we are them !!! sometmes we lose track of what and who we are. I dont know if im right i dont know if im wrong but i know im willing to take a chance for the love i have inside me need to be shared !!!
I dont need anything everything i have has already been provided for me , will it be easy no i shouldnt imagine it will, nothing get be any harder than it has already , but i know they are always with me and im always with them in our hearts nothing will ever keep us from each other but my love my mother my brothers and sisters and the children are all part of me of us and nothing will ever change that ...
I am but one man but that is what i am a man a beautiful soverign human being and i need to start being , sitting on the soaf watching tv isnt going to change the world accepting to live in slavery is just the most stupid thing i could imaqine and while i dont know where im going or where ill end up i know that my family is out there and they want to listen !!! I have to take my message and love to them too ...
Ego : We think that we need money a flash car a nice house, ask yourself whats it worth in the end are you taking them with you ??? when our time comes i want to know i made a difference to the world and its not going to happen by buying yet more shit !!! We make difference by being !!!
The banking system you stand under is corrupt !!! the money is worthless its the religion that all sing to !!! and now thats moving into crypto currency (ONE WORLD CURRENCY) ... We speak of the NEW WORLD ORDER we all know thats somethings no right but we sit and do nothing ... Wont even take a chance on love !!!
What is 'Fiat Money' Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is BASED SOLELY ON FAITH and credit of the economy. http://www.legislation.gov.uk/ukpga/Vict/45-46/61
Putting faith into what its worthless wouldnt you sooner put your faith in love , something that has value ??? Is it worth a try at least ???
If I said we can fix everything that is truly wrong in this world with love would you beleive me ??? We think we know love we know nothing love isnt a thought its a feeling that ignites our souls that feeling we get when we are with friends and family enjoying life thats the feeling not the thought... If its as simple as just living for today why cant we do it ??? i again look back to 60`s i also see the govermental programs which went into full swing around that time https://www.intelligence.senate.gov/…/hearings/95mkultra.pdf http://conspiracy.wikia.com/wiki/Monarch_Project https://en.wikipedia.org/wiki/Jason_Bourne_(film)
So conspiracy you say ??? is that not just another label , a label set up to keep you from the truth ??? where did these ideas come from ??? likewise The Matrix And even the film Conspiracy Theory ??? Its always conspiracy until we expose them !!!
So am i sure there are forces at play that we dont understand ??? Is there really magic in us ??? Dont you know about the watchtowers ??? https://en.wikipedia.org/wiki/Watchtower_(magic)
... John Dee knew https://en.wikipedia.org/wiki/John_Dee
!!! John Dee told us that there exist multipule dimensions your own goverments see the value look at the latest tech and why would they be comunicating with different dimensions if they dont exists ??? http://www.dailymail.co.uk/…/Entering-103rd-dimension-Scien…
This is occult magic not the devine type the magic which has evil at its heart !!! So what did John Dee and the mastermind behind the USA have to do with each other ??? did they set up the first grand lodge ??? https://uk.video.search.yahoo.com/search/video…
What was it JFK said ??? https://wakeup-world.com/…/20/jfks-speech-on-secret-societ…/
Did he know ??? did they kill him because he knew ???
Have you figured it out yet ??? They use there forces against us mainly because we forgot !!! Want you magic ??? its the music !!!
Let me try to explain !!! if you havent heard of Nikola Tesla it may be hard to make sense of it so heres a bit about tesla http://awakeningtimes.com/3-6-9-a-key-to-the-universe/
!!! Learn about Tesla and see the magnificence of the 3,6 and 9 look at the number 3 throughout history !!! like films ??? whats hunger games all about then ??? how many fingers do they hold up in honor of Rue how many times do they whistle ??? 3 its a divine number !!! now look at all the good music and see if you can find the 3`s ??? heres one example http://www.metrolyrics.com/freedom-lyrics-george-michael.ht…
look how many songs have been sung about FREEDOM, GOD, GRACE ??? Is some devine nature trying to help ??? once you see it you cant forget !!!
So how do they control us ??? Fear thats how always FEAR !!! I remember 9/11 i saw the "control" gained with there new so called laws while we all sat in shock and terror they made their moves !!! Do you know what terror is ???
The Definition : ter·ror /ˈterə noun noun: terror, plural noun: terrors 1. extreme fear: "people fled in terror" synonyms: extreme fear, dread, horror, fear and trembling, fright, ... more ▪ the use of terror to intimidate people, especially for political reasons; terrorism: "weapons of terror" ▪ A PERSON OR THING that causes extreme fear: "his unyielding scowl became the terror of the Chicago mob" ▪ the period of the French Revolution between mid 1793 and July 1794 when the ruling Jacobin faction, dominated by Robespierre, ruthlessly executed anyone considered a threat to their regime. 2. a person, especially a child, who causes trouble or annoyance: informal "placid and obedient in their parents' presence, but holy terrors when left alone" synonyms: rascal, rogue, rapscallion, devil, imp, ... more
Mainstream Media terrorists THE THING ??? Do they not cause exteme fear ???
Do the occultists thrive on that fear ??? They manipulate the media to cause as much fear as possible keeping you in a constant daze !!!
Remember Manchester ??? Ariana Grande , so what was that about ??? have you looked at her music have you seen the 3`s ???
They are here to help us just like Micheal Jackson was !!! look at his music look at the songs just open your hearts and see !!! Now what happened to MJ ??? you tell me !!!
We are ignorant or at least we have been without doubt there is a connection to these events and this message !!!
The first day we tried to get this message out there were a number of things which happened , one to note is most certainly the mass censorship which saw floods of people effected hers a video of an idependant reporter https://www.youtube.com/watch?v=ySl-C8ZebIo
So ask yourself why would the internet change so dramatically on the day we were trying to get this message out ??? Does someone not want you to see the truth ??? I can say that without doubt there have been forces against us at every turn !!!
Did we learn any of this at school ??? why not ??? is it because its part of the control system ??? what did you truly learn at school ??? were we just told what to say and when we say it right its an A , what happens when you question the narrative ??? i see a baby going to school in fear of not conforming. Let them be who they are let them dance let them enjoy life let them find themselves !!! Dont make them suffer for our mistakes !!! If we love our children then give them a life not a lie !!! Give them the chance to make a difference !!! Remember when you were young ??? were you told that you can do anything ??? The truth is with love in our hearts we can !!! Dont let this system steal our childrens hearts stand up and fight for them !!!
NOW MAKE IT RAIN !!! http://www.y8.com/games/make_it_rain https://www.youtube.com/watch?v=otZSDIoHfTU
Im sure there is more to come !!! But for now if you took anything from this anything at all , we ask that your simply share it !!!
Shit even if you think its beyond beleif pass it on someone close to you might be ready to see !!! Please share the love !!! all /pettyrevenge /WTF /JusticePorn /creepy /nosleep /nostalgia /gameofthrones /community /adventuretime /startrek /futurama /thewalkingdead /Music /movies /StarWars /comicbooks /EarthPorn /todayilearned /science /AskHistorians /trees /LifeProTips /GetMotivated /lifehacks /politics /worldnews /conspiracy /TrueReddit /technology /Android /Bitcoin /programming
What happens when government fails it's people, again and again and again? Answer could be found these days in Zimbabwe. Imagine your wage becoming totally worthless by the next day. What would you do? You would probably exchange it for a more stable currency. If you are in Africa, you would probably buy US dollar, if somewhere next to Europe, Euro. Ok, so you have managed to acquire some foreign currency. Would you keep it in the bank? Well, if you do, you will probably lose money in some pyramid scheme or your country will “ask” for your patriotic donation and not take it, but lend from you in undefined time frame. The same thing happened in former Yugoslavia, Albania and maybe the best example would be Cyprus, where despite the “rule of law” and “sacrosanct of private property” your deposits if larger that guarantied amount were confiscated as a “bail in” in order to save banking sector. Even if you are lucky enough not to be relieved of your excess wealth, there are always daily maximums that you can withdraw from ATMs. submitted by
It's really hard to foresee an economic collapse. They are like earthquakes. They store the energy of financial instability and suddenly hit, and all falls apart. Since in economics everything is connected, financial institutions and countries crash like dominoes. In 1998 collapse of Taiwanese Baht lead to domino effect that bankrupted Russia and in Latin America “Tequila effect” rampaged from Mexico to Argentina. Panic can spread easily and it would not be the first time that governments shut down the banks, exchanges or reprogram ATMs so that you can not withdraw more than certain amount. This things can happen in all modern countries. Examples from last century when in 1933 all banks in US were closed for 8 days or from July to December New York Stock Exchange was closed for 5 months straight in 1914, are long forgotten. We could use more recent examples like when hurricane Katrina or Candy hit the US or when events from 9/11 all led to closing New York Stock Exchange. And, of course, there is always Greece in 2015 where banks were closed, credit cards were not working and you could not access your own money stored in banks.
But how the ordinary citizens cope with those events today in countries that are hit with economic devastation? In Venezuela and Zimbabwe we can see mass adoption of crypto currencies. Since foreign cash is hard to get and it could be counterfeited, local money “ain't worth a continental”, gold is really complicated for small day to day payments (even when it was used all over the world, you had silver and copper coins or banknotes to help out) and barter is really complicated in modern economies, the only cash that can be used for payments regardless of government fiscal and monetary policy is digital cash in a form of crypto currencies. The good thing is that you just need a mobile phone (almost everybody has one), a crypto currency wallet, and you are all set up. No one can get your wealth (without your personal code), no government can close all the crypto exchanges in the world and you can trade 24/7. There are no bank holidays or deposit haircuts.
But, like in the early times of internet, it was faster to write a post card and send it by yourself than to wait for 54k modem to connect and send the email, at this point the user friendliness of cypto currencies is not very high which prevents the mass adoption. The whole idea is still in its infancy. Since current market cap for all digital currencies is a bit more than 200bn$ which is very modest for global economy, it can be expected that mass adoption will trigger more influx from fiat currencies into crypto world making the value of the currencies to go up.
For more than 1000 crypto currencies true competition will filter out the useful coins from the bad ones and many more could see the rise of value that is now synonymous with Bitcoin. Who knows, maybe some of the less know coins could become low cost replacement of current money transfer services like the Bitcoin Cash or you can by thins on Amazon with Etherium or on Ali Baba with Safex. Russian government is already making plans for creating a “Crypto Ruble”.
The government inflatory money got its competition. The stage is set for Hayek’s Free Banking where all currencies can compete on leveled field. With people freely choosing currencies for peer to peer transactions, governments will have to rethink their monetary policy or their currencies will become worth on paper only.
Synonyms for unprofitable in Free Thesaurus. Antonyms for unprofitable. 24 synonyms for unprofitable: uneconomic, unrewarding, profitless, worthless, unproductive ... 10 Worthless Collectibles and the Reasons They Lost Their Value Few myths are more common than the idea of collecting as an investment. Unfortunately for these ten examples, the bust has come. If bitcoin is intrinsically worthless, it would seem to be the first intrinsically worthless item to get off the ground through the coordination of decentralized, private agents. Although there are many other intrinsically worthless items circulating as money today, they have all been introduced and supported by governments (Selgin 2003). Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. ... synonyms:money, legal tender, medium of exchange,cash, banknotes, notes, paper money, coins,coinage; ... Right, that's the thing. It's probably the first intrinsically worthless commodity in the history of the world. Bitcoin is special like that ... Germany printed a new currency and made the old one basically worthless…so is this telling us the bitcoin will eventually be worthless? Reply. ... it's time to make a swing trade — emotions get set aside. Then straight back to outer space. Thanks, Tijo. Fun with synonyms: try using "notwithstanding" in a few sentences per day. But be ...
Video shows what worthless means. Not having worth and use, without value, inconsequential.. worthless pronunciation. How to pronounce, definition by Wiktionary dictionary. worthless meaning ... 500 Most Important Opposite Words 500 Common Opposite / Antonym Words List in English For Much More https://englishstudyhere.com/antonyms-opposite-words/25... Head to https://www.Fool.com/Start for our FREE Investing Starter Kit, it includes 5 stocks! 0:39 - The compound interest formula 2:20 - What is compound int... Robinhood, an investing app valued at over $5 billion, says it's trying to "democratize America's financial system" by making investing accessible to the lit... Follow my TWITTER @micmetv // Follow my INSTAGRAM @micme_tv Merch store: http://micmetv.cujographyx.com Today I go to the coin pusher. It is filled with $100...