Please post references to support this claim and explain how you arrived at this conclusion: "Also the fact that the storage of blockchain data will be very expensive on EOS makes it impossible for EOS to run steemit like applications. To host steemit on EOS would cost billions of dollars in EOS tokens."
This reference talks about the storage solution being implemented on EOS but it certainly doesn't state how much storage space is allocated per EOS token, from the post I understand this value will increase over time:
https://steemit.com/eos/@eosio/the-dawn-of-eos-io
To arrive at the above conclusion you would have to answer these questions:
- How much storage space does steemit require
- How much storage space is allocated per EOS token
RE: DO NOT Buy EOS !!! Your $$$$ is Needed Elsewhere!