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Outside of the Steemit Community, many people are either unaware or uninformed of EOS and its potential. Many main stream media outlets, including YouTubers, only regurgitate uninformed headlines or choose to do no further investigating.
In a world where there are thousands of different cryptocurrencies, many of which originating in the past few months, this is understandable to an extent. For the everyday individual who only is involved with cryptos a few hours a week, it is a tremendous undertaking to keep track of them all. However, for a website, outlet or content creator to be uninformed yet speak on something is irresponsible.
Doug Polk has asked his community to recommend different industry leaders whom he can interview to find out more about their projects. I applaud this measure and feel it to be an incredible opportunity for the EOS blockchain to get factual and accurate information disseminated to the general public.
Below you will find information on Doug Polk, Dan Larimer and EOS. Following this will be a list of questions and topics I would like to see discussed on the podcast.
The goal of this Steemit post is to obtain enough buzz and desire from the community so that both Dan and Doug will agree to do a podcast together!
Please help by up-voting and adding a comment regarding what you would like to see discussed or asked on the podcast!
Doug Polk
@dougpolkcrypto is a 29 year old professional poker player and crypto enthusiast. Doug's achievements include live poker winnings exceeding $9 Million USD and 3 World Series of Poker bracelets. Through this wild ride to success, Doug continues to look for new and profitable opportunities which has spurred the creation of www.UpSwingPoker.com and becoming a YouTube sensation with over 378 thousand subscribers across his channels.
Doug became involved in cryptocurrencies and Bitcoin in 2013 when increasing regulations made it difficult for him to play poker online with fiat currency. While he traditionally held bitcoin for it's utility purposes, he's recently begun to further explore the technological advantages they are built upon.
Doug Polk owns www.coincentral.com, which attempts to serve as an unbiased view of various cryptos and blockchains. His main YouTube channel Doug Polk Crypto provides almost daily crypto related news and content. Often times this content is provided in a rather humorous and sarcastic manner which while providing laughs also provides information.
His other channel Doug Polk Podcasts is a very thorough and detailed dive into individual cryptos themselves. Here, Doug spends 1 to 2 hours with a guest via live stream and does not hold back. Previous guests have included:
- BTC Developer - Jimmy Song
- BTC Enthusiast and YouTuber - Richard Heart
- LTC co-founder - Charlie Lee
What I like most about his interviews with these individuals is his ability to ask some detailed questions regarding the topic at hand. Furthermore, considering Doug is a self-proclaimed 'non-expert', he knows when to quit in regards to the subject. It shows that while he can not just go to his computer and create a new blockchain on his own, he still knows what to ask, when to ask it and when to quit asking about it. Personally, I feel that he is more investigative than many 'reporters' on national television.
Please help by up-voting and adding a comment regarding what you would like to see discussed or asked on the podcast!
Dan Larimer
It is quite difficult to sum up @Dan in a few paragraphs, likely impossible actually, yet this an attempt to do so. Dan Larimer is a man who believes in free markets and has made it his mission in life to find solutions for them which secure life, liberty and property. He has put forth his best efforts to accomplish this through means of creating the blockchains BitShares and Steemit.
While conversing with Satoshi Nakamoto over forum posts in 2009, Dan became increasingly alarmed with the authority and centralization which exchanges, and possibly governments, wielded. In an attempt to counter this, Dan set out to build the world's first trustless cryptocurrency which was pegged to the US dollar. He accomplished this feat through BitUSD which ran on top of his own blockchain BitShares. BitShares was the first blockchain and decentralized exchange to run on the Delegated Proof of Stake algorithm which afforded it the ability to handle up to 100,000 transactions per second. In comparison, VISA is only capable of handling around 24,000. Additional features of BitShares include:
- Dynamic Account Permissions - A hierachy of permissions which reflect real life organizations and creates an environment that is less susceptible to theft or hacking.
- Referral Rewards Program - An incentive tool to bring in additional users to the platform. With a Delegated Proof of Stake consensus algorithm, the blockchain becomes increasingly more secure as the users increase.
- User-Issued Assets - Users are able to create their own tokens on the BitShares blockchain to promote their business or fund a startup.
- Stakeholder-approved project funding - A governance system which posses a reserve pool. With this pool, any BitShares holder can propose a project and ask for funding. Other users then vote to approve or decline the funding
- Named Account - The wallet addresses on the BitShares network are readable, user defined account names.
Taking the immense and powerful knowledge he learned from BitShares, Dan next set out to prove his concept even further. In 2016, Steemit.com was launched and has since become the 932nd most visited website in the world. Steemit is a social media platform which allows its users to post, like and share content all while being on a blockchain. Most individuals at first glance have no idea they are using blockchain technology when they arrive on a Steemit post. When you up-vote this post or comment on it, you will actually get paid for your input and contribution!
Due to Steemit's wild success and continued growth, it has become the largest blockchain by transaction count in the world by a factor of more than two. On average, it processes over 1.6 Million transactions while Ethereum handles just 714k and Bitcoin with only 204k. If you put Dan Larimer's two blockchains together, you will see that Steemit and BitShares combined handles more transactions per day than all other blockchains in the world.
In a world where cryptos and blockchains have really only existed for roughly 8 years, it is an incredible accomplishment for one man to have built two of the most successful blockchains ever seen!
Please help by up-voting and adding a comment regarding what you would like to see discussed or asked on the podcast!
EOS
This is the part where I will most likely get beat up by others who are far more technically savvy than I, but I will give it my best shot!
EOS is the technology and blockchain which is being built by a company called block.one. It is there where Dan Larimer is the Chief Technology Officer and driving force behind the software. EOS is attempting to incorporate everything Dan has learned from successfully launching two multi-billion dollar blockchains, both of which are growing and in existence today.
Think back to your old 9 key Nokia cell phone or your Motorola flip phone for a moment. Now, these phones in their time were great and they were able to make and place calls, and they were able to text. If you were lucky, you had the phone with the built in snake game on it! Now let us think to the Apple iPhone. While the hardware and screen size are dramatically different, what really set the two apart? The App store did and the endless possibilities it provided considering that any one of the 7 trillion people on this planet can make and deploy an app that others can use. The iPhone's software was not limited to a core development team of 100 people and only the ideas they had with only their skills and talents. No, instead, the entire world now had access to let their imaginations and creativity run wild and build anything that they desired. This is what EOS is trying to do for the blockchain and decentralized application world. It is opening the doors and providing the foundation for any company or business or individual to create and develop their own decentralized application on the EOS platform.
Ok... Um, Decentralized Applications on a Blockchain.... isn't this just Ethereum?
Ethereum does allow for decentralized applications (dApps) on it's blockchain, that is correct. However, it does not have the power or capabilities to host tens of thousands, thousands, hundreds or even dozens of dApps without the entire network becoming overwhelmed and congested. Execution times skyrocket along with the fees required to process the transactions. With EOS's proven consensus model and record breaking transaction per second count, this is completely eliminated. And do not forget, there are no fees for transactions on the EOS network! With Ethereum, every single action you do, you must pay for it. With EOS, users are not charged anything.
It is in my opinion that the largest barrier to entry which blockchain technology has on it's plate currently is usability and widespread adoption. Some of you out there know all the ins and outs of Ethereum, you're programmers and you have it down forward to back, and that is wonderful. However, in order to have dApps and blockchain technology become widespread among all people and all demographics, it needs to be fast, affordable and easy to use. I like to think of the 'Grandma' test. Which do you think you're grandma would prefer doing?
Option 1: 10 pages of warnings about not forgetting your password, keeping it safe, all funds can be lost, no one can help, don't get hacked, be cautious.
Followed with this page containing 42 alpha-numeric addresses for receipt and yourself. Tokens which do not show unless you follow a process to add them, Gas Limits, Gwei, Raw transaction data which makes no sense to many, signed transaction data....
And from here the chance of your transaction being rejected and you losing your transfer money. It going to the wrong place, it not showing up for hours, several more screens of raw jibberish etc. Or...
Option 2:
EOS makes everything simpler and easier for the everyday person to use. It does it for free, virtually instantaneously, offers account recovery and has anti-theft methods in place. It has taken every great item it has learned from BitShares, from Steemit, from Bitcoin, from Ethereum and from any other product which has revolutionized a key area and wrapped them all into one platform. This platform allows the entire world to easily and quickly develop their own dApps on top of it and use all of these functions and features to make a safe and user friendly environment.
Furthermore, they are starting this all off with providing Venture Capital firms with over 1 Billion Dollars to go out and find the best use cases for the platform and work with them to get them operational and launched. That is not to mention the money which the VC's themselves will contribute in addition to block.one.
Everyone is talking about how one day Uber and AirBnb will be overtaken by blockchain, but that is not possible with the current blockchain technologies which exist today. Ethereum was not able to handle the congestion which CryptoKitties, a virtual pet collecting dApp, caused to the network... so how would they be able to handle the 1 million Uber rides that are done on a daily basis? EOS is poised to allow developers who choose to work in the confines of their foundation the ability to turn that one day into today.
Again, I'm sure I will get beat up quite a bit on how non-technical that explanation was. My explanation is more of a broad overview and is actually more reason than ever on why we should all encourage a podcast with Dan and Doug so we can get the real true details vs. my 'meh' explanation!
Please help by up-voting and adding a comment regarding what you would like to see discussed or asked on the podcast!
Questions for the podcast
These are just some of the few questions that are on my mind currently regarding EOS. Please, add as many more as you can think of to the comments!
Where is all the Ether you are currently receiving from the ICO going right now? Is it being sold off daily or are you going to sell it all when the ICO is done?
- Block.one is not going to be running a node once the ICO is complete, and you are leaving it up to independent developers to launch a product on the EOS blockchain. Please tell me what that will look like when the very first developer launches in terms of people EOS holdings snapshot.
- If I have 1000 EOS tokens registered to my Ethereum wallet and 100 developers all launch products on the first day, do I then get 100 different tokens on the EOS blockchain?
- How does block.one plan to make money off of EOS?
- Do you feel that an Uber or AirBnb like dApp could run on EOS?
Images sources in appearance: Header image: custom made http://profitingatpoker.com/poker-player-net-worth/doug-polk-net-worth/ https://www.youtube.com/channel/UC2Q-Uk6OKdgpt3Zn6uJXX_A https://bitcoinkeskus.com/2018/03/07/opas-eos-kryptovaluutta-blockchain-platform-dan-larimer/ http://blocktivity.info/ https://www.investinblockchain.com/what-is-eos/ http://www.myetherwallet.com/ http://www.myetherwallet.com/ http://steemit.com/
All content was written by me personally and has not been copied from any sources
Please help by up-voting and adding a comment regarding what you would like to see discussed or asked on the podcast!