The weather outside is almost as dreary as the crypto-market. I have long ago accepted that most of my gambling dapp investments are lost, and that most of my other investments in different EOS based projects is a longshot as well. Hell, even EOS itself is a pretty scary investment. I have seen all these EOS-price prediction videos, as well as some hints of positivty in the general crypto market these past weeks.
Unfortunately the charts tell us otherwise
Everything is set up for another big drop in Bitcoin and therefore crypto in general. And we are seeing the exact same movements as earlier with crypto not being able to gain any real momentum. The range is narrowing and we WILL see a break out within this month. Will it be to the upside or to the downside? No one can say for sure, but to me it looks like we are going to dive further down. So just be aware of that. There could be much more pain awaiting us in 2019.
As for EOS, things have cooled off. That being said, a lot of work is being done, and a lot of projects are mitigating and moving over to EOS from ETH and so on. But we still have a problem with usecases for dapps as well as onboarding. What kind of dapps needs decentralisation? Who is going to build it? There seems to me to be a big lack of developers and builders. Gambling dapps are definitely here to stay, and Betdice is one of them.
They released a very unpolished version of their Texas Hold'em game a few days ago - which is in maintanence now. The UI was so bad, and the developers obviously did not know about Texas Holdem. They listened to community advice and shut it down for maintenance to upgrade the graphics as well as the functionality. That is all good and well, but the fact that they did not do any research on how Texas Hold'em is suppose to be and did not look at Pokerstars or Betsson or any of the other established sites is a little weird to me. Just google it...
Dan Larimer made an apperance on Telegram again yesterday after a long absence. This time he did not spread any FUD! However, that did not stop the price from falling today. He said that " we are going to announce a date for when we will release the roadmap for Block.one" which was interpreted in several ways. Some thought it was laughable and speculated if Block.one is simply lagging behind and not being able to produce anything that will excite the community (think about it; We have got Scatter which basically was a one-man show carrying the whole of EOS without any funding at all) With a 4B war chest expectations are high, and if they can't make anything that one guy in an appartment with kids running around screaming cannot do, well..
On the other hand, official products might provide more security, and also - they might actually have something for us to be real excited about. So who knows. I'm luke warm about it. CEO Brendan Blumer has this to say..
Ok..so an annualized product release cycle is basically the process of deciding which feature to be released when and so on. Then he says “june is coming” like “Winter is coming” meaning or implying it will be something huge. Again, mixed feelings about this as people have waited a long time for block.one to make any moves. Does anyone remember Steemit 2.0 or The legend of REX? Some people have all ready jumped the ship, while many are playing over at TRON while waiting for something to happen on EOS. If June comes..or rather, WHEN June comes, because it will, unless the climate hysteria people are correct this time (wolf wolf) and Brendan and co announces a roadmap or some technical update like; “we have implemented XJ-Ram into the system contract for sniper-attacks and hypermobility for v-tron circuits in the base layer of the macro-wheel” I suspect a lot of people will go just f this, I’m jumping the ship. Which of course could be a major mistake in the long run of things.
Lately there has also been some FUD concerning the lack of Github commits on EOSIO. I am just going to paraphrase this from Reddit.
Recently Yahoo Finance published an article in which they state that EOSIO has considerably reduced its number of commits on Github. It passed from more than 4,000 commits in the past 12 months to only 114 in the last three months. The community already knows how unreliable Github data is for analyzing EOS development, most of the software updates promoted by Block.One are not done publicly.
The Scatter team responded to this article with a post on Reddit and Medium, in which they made clear the current status of EOSIO development.
“There have been over 600 commits on EOSIO repositories over the past month alone. EOSIO/eos was split into multiple repositories to create better separation of concerns and more maintainable code.”
Read more: https://medium.com/getscatter/the-real-pace-of-development-of-eos-6b0c0912bbcc
EOS Go News Channel: https://t.me/eosgo_news/668
There is undoubtly a lot of work being done on EOSIO, and there are a wide variety of dapps and games being built on or around EOS. So it is coming. And crypto in general IS going to boom again. I just can’t see any other way. But I don’t think that time is now. I doubt 2019 is going to be the year of the investor. But it might just be the year of building and establishing yourself in the space by being engaged and active. Don’t forget that this is a whole new industry in the making, and the future is here now. People make money and have jobs that no one even thought about a year ago. Lot’s of opportunities if you take your eyes and mind off the charts for a while.
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