EOS

isthatrhetorical

There is no uncertainty or doubt. Assets bridged to Harmony were stolen on the Ethereum side, tokens representing them are worthless on the Harmony side. People are still trying to get out at massive losses. All trust is gone, the project is dead and will join the likes of EOS soon enough.

arnarchy69

EOS

idevcg

uh no. EOS was always known as a shitcoin because its founder, Dan Larimer abandoned 2 previous projects and left them to die already.

ChirpToast

Found the ALGO and ADA holder. EOS holders had the same tune years ago.

Sunshine-Blue-Sky

4. SEC vs EOS (BlockOne): SEC sued BlockOne for holding an ICO. BlockOne settled with the SEC and payed a fine of $27.5 Million USD. The fine payed was crazy small considering the ICO brought in $4 Billion USD to BlockOne.

ChirpToast

More ETH alts will follow, which is what happened last time. Only this time there are a lot more that will die off before the next bull. It’s easy to say you’re ETH, but better. Shit projects get exposed in a bear market. EOS was talked up just like Luna, ONE, ALGO, SOL, ADA, etc last time.

shin_jury

“The first functioning implementation of a proof-of-stake cryptocurrency was Peercoin, introduced in 2012.[1] Other cryptocurrencies, such as Blackcoin, Nxt, Cardano, and Algorand followed.[1] However, as of 2017, PoS cryptocurrencies were still not as widely used as proof-of-work cryptocurrencies.[5] The biggest proof-of-stake blockchains by market capitalization in 2021 were Cardano, Avalanche, Polkadot and Solana. Other prominent PoS platforms include Tron, EOS, Algorand, and Tezos.[6][7][8][9]”

LightninHooker

"Time in the market beast timing the market" as long as you don't bet your money in alts NANO,IOTA,EOS, LUNA ? ... you know the drill

flarnrules

EOS didn't launch it's own mobile device. I think I kinda agree with OP here, as much as it pains me. Best not to underestimate the power of Solana. I think it's centralized as hell, but it's also super powerful... Seems to withstand lots of attacks because the amount of money big players have riding on it. Solana's been bailed out a few times by some huge players. In a way, that is a form of security...

SatoshiNosferatu

Bro no. Solana is garbage tier. Go study EOS for some wisdom

AESTHTK

To answer your question. The chain gets congested at 1.5tps. It doesn’t handle DeFi - DEXs are all closed source and rely on off-chain sequencers (Muesliswap is the exception but it’s a basic EtherDelta style order book rather than an AMM). For this reason TVL remains lower than EOS.

KaiN_SC

Or dump it for bitcoin like EOS did.

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

cassydd

When cryptocurrency is surging there's a need for something that satisfies the requirement of "being crypto" that came down from senior management but otherwise isn't since your project would suffer greatly if it suddenly actually incorporated blockchain technology. In the previous cycle that position was taken by EOS, which was basically a database where other people could mess with your transactions (if you didn't know to set them to private). This cycle it was Solana.

CointestAdmin

#Proof-of-Stake Con-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Proof-of-Stake Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Reusing from [my previous entry here](https://np.reddit.com/r/CryptoCurrency/comments/pfoke5/rcc_cointest_general_concepts_pos_conarguments/hd7dme2/). > > *Disclosure: (assuming Ethereum successfully transitions to PoS) ~50-60% of my current portfolio is in PoS coins, not including tokens that run on those chains* > > #PoS Con Argument > > Just a note that there are [lots of variations](https://www.finyear.com/photo/art/default/31320255-29572660.jpg?v=1551793721) on the Proof of Stake consensus model - e.g., [Proof of Staked Authority](https://github.com/binance-chain/whitepaper/blob/master/WHITEPAPER.md#consensus-and-validator-quorum) (BSC), [Pure Proof of Stake](https://www.algorand.com/technology/pure-proof-of-stake) (ALGO), Bonded Proof of Stake (ATOM), Delegated Proof of Stake (EOS), Liquid Proof of Stake (XTZ), Nominated Proof of Stake (DOT) etc. Different implementations have different tradeoffs, but I'll try to keep the main arguments general. > > ##Wealth and control > > - As other con arguments mention, PoS consensus favors big players and can [lead to centralization of wealth and control](https://medium.com/stakin/centralization-of-stake-in-pos-f7ccb8f8254). > > - In the absence of staking pools or delegators, the necessary capital required to self-stake (+ hardware costs) can exclude smaller participants: > > - [If you got in early, then you have a larger stake - and your position is basically guaranteed since you had a head start in earning rewards](https://www.coinbureau.com/blockchain/proof-of-activity-explained-hybrid-consensus-algorithm/#Introducing_Proof_of_Stake). > > - If you have a bigger stake you're probably in a position to hoard it, accruing compound interest and solidifying your position as a whale. > > * Airdrops are great, but if they're based off a snapshot of staked holdings ('stakedrop') then the rich get richer (some projects have tried to make [fairer distributions](https://medium.com/osmosis/osmo-token-distribution-ae27ea2bb4db), but [whales gonna do whale things](https://np.reddit.com/r/cosmosnetwork/comments/q8y550/centralization_issue_in_juno/)). > > - The bonding/unbonding periods of some protocols disincentivize participation from less wealthy users who may need to keep their assets liquid in the face of market volatility (i.e. opportunity cost). E.g., ATOM has a 21 day unbonding period. > > - Even if you delegate your stake to validators, there is a centralization of power/wealth: > > - The lack of incentive for smaller participants to be active in the voting process undermines the system's democratic intentions: > > > "[This leaves the door open for the whales to have a more direct influence over the network, especially if they are also able to take control of masses of smaller votes via proxy.](https://www.coinbureau.com/education/delegated-proof-stake-dpos/#Disadvantages_of_DPoS)" > > - Entrusting validation to a small group of participants introduces trust into the equation - delegates could form cartels making the blockchain less decentralized and less resilient to attacks. > > - Cartels aren't just a theoretical issue - historical examples include **EOS**, which has a [vote buying system](https://research.binance.com/en/analysis/eos-governance) leading to [accusations of cartels bribing an exchange](https://www.coindesk.com/markets/2018/10/04/vote-buying-scandal-stokes-fears-of-eos-governance-failure/) and **LISK** which had a [cartel](https://np.reddit.com/r/Lisk/comments/8dwwqa/delegates_or_delegateyou_decide/) likened to [the mafia](https://medium.com/coinmonks/lisk-the-mafia-blockchain-47248915ae2f). > > - Various examples of centralization on more notable chains include: > > - **ADA**: [Binance has 12% of the total stake](https://adapools.org/groups). As /u\/Eagle-Pool explained in [this post](https://np.reddit.com/r/cardano/comments/muf1ap/why_staking_your_ada_with_binance_is_a_bad_idea/): > > >"Cardano created [Enterprise Wallets](https://docs.cardano.org/en/latest/learn/types-addresses.html) that were meant to be used by exchanges that shouldn't carry stake rights. Clearly, Binance isn't using those since they've created so many pools. If they participate in Catalyst voting, they have enough Ada to make or break any project." > > - **ATOM**: [CEXs \(Binance, Coinbase and Kraken\) hold ~17% of the staking power](https://www.mintscan.io/cosmos/validators). > > - **BNB**: [21 validators and if you want to be one you'll need a minimum 10,000 BNB](https://docs.binance.org/smart-chain/validator/Parameters.html). Meanwhile, [Binance owns ~80% of BNB](https://www.coincarp.com/currencies/binance-coin/richlist/). > > - **ETH**: running your own [validator requires 32 ETH](https://github.com/ethereum/annotated-spec/blob/master/phase0/beacon-chain.md#gwei-values). [~20% of validators belong to whales and centralized exchanges.](https://beaconcha.in/charts/deposits_distribution) > > - **DOT**: would recommend the [DOT Con Argument thread](https://np.reddit.com/r/CryptoCurrency/comments/og2peh/rcryptocurrency_cointest_top_10_category_polkadot/) for specifics on the confusing election and nomination aspects of the governance system. [The minimum required stake needs to be higher than the least staked validator](https://wiki.polkadot.network/docs/faq#what-is-the-minimum-stake-necessary-to-be-elected-as-an-active-validator), currently [1.6M DOT](https://ipfs.io/ipns/polkadot.dotapps.io/#/staking/targets). > > - Lastly, there's also centralization to consider given validators' reliance on infrastructure providers like AWS, [Bison Trails](https://bisontrails.co/protocols/) or [Infura for ETH](https://coinmarketcap.com/alexandria/article/ethereums-infura-iating-outage-revives-decentralization-concerns) and software clients ([like Geth for ETH](https://medium.com/coinmonks/how-eth-2-0-could-resolve-the-long-running-centralization-debate-c416b394e54c)). > > > > ###Subjectivity > > - This may be a bit more technical, so bear with me. > > - There is trust involved not just when delegating to a validator, but also at a more fundamental level - how PoS nodes connecting to the network 'learn' what the 'truth' is, i.e. how to sync and validate the correct chain: > > - PoW networks like Bitcoin's are **objective**: [when a new node comes online it can determine the 'truth' based off the protocol and the history of previous blocks](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/). > > - On the other end of the spectrum is a network like Ripple, which is **subjective**: [all the nodes are sort of doing their own thing to determine what the truth is. The network thus requires nodes to have reputation, otherwise anyone could spin up a bunch of nodes to take over](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/) (i.e., [Sybil Attack](https://en.wikipedia.org/wiki/Sybil_attack)). > > - PoS falls in the middle, it's '**[weakly subjective](https://academy.binance.com/en/glossary/weak-subjectivity)**': [when a new node comes online it has to find someone to tell it what the truth is so it can sync up. Reliance on a trusted third party thus adds a small but non-zero amount of risk not found in the PoW security model](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6voht/general_concepts_round_pos_conarguments_december/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

abzzdev

Less likely to fail than to just fall out of relevance (like EOS and NEO)

Skeptain

DPoS was used by Dan Larimer with STEEM and later with EOS. With dPoS a limited amount of block producers need to be elected while anyone can run a block producer node on Cardano. Delegating is simply an additional feature for people owning not enough coins to reasonably run an own node though anyone can run a block producer node with any amount of coins. Cardano is PoS like Ethereum is maybe going to be one day while it provides an additional native delegating option that Ethereum will miss.

Elean0rZ

USDC is on Ethereum, Algorand, Solana, Stellar, Tron, Hedera, Avalanche, Flow, and Polygon. USDT is on Algorand, Avalanche, Bitcoin Cash SLP, Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. So, yeah, they both have ERC-20 flavours, but also lots more besides.

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

Blocks_and_Chains

I think EOS - in the large schemes of things. I remember it being so hyped in 2018 - like everyone was talking about EOS and projecting massive gains over the years. I held till last year and managed to get out in a decent profit. But it’s a failed and abandoned project pretty much!

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

dzoni893

Actually its not. Go check BCH/BTC, EOS/BTC - big losers gaining so much against btc, ADA/BTC. Holding BTC now might be bad idea, but like I said lets see in few weeks

Aggravating_Cat5515

Lets also revive dash, Bitcoin cash and EOS

Olskoolah

They like to announce stuff and it never happens. Where’s the NFT marketplace they announced they’d be working on last year? Just another EOS

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

sQtWLgK

in very diverse ways: On Bitcoin it's solved by having a very restricted *standardness* structure of transactions that can propagate in the network, and then a relatively low sig_op limit. Verification is however much faster than recomputation. On XRP it's done by centralization, by using traditional heuristic and AI-based antispam measures specifically tailored for offenders -- Sybil attack is hard because of the minimum reserve limits. On EOS and Solana, it's hybrid: Central nodes and wallet providers will often simulate and reject failing transactions, but occasionally some of those will sift through and get in the blocks. On Solana in particular that seems to be one of the main sources of consensus instability. Finally, chains that use languages which aren't Turing complete and can use static analysis (e.g., Algorand, Tezos) seem to do that.

Snowbattt

So were NEO, ARK, EOS, WTC, XEM and OMG. Look where they are now.

big_fetus_

TRON and EOS /s

ronchon

**It often takes 2 cycles to kill hypecoins.** After the 1st one, they linger as zombies for the second one as its bagholders still wait for a prophesized comeback and new ATH. Then they slowly slip into irrelevance and disappear for good as they slowly give up in silence. Hypecoins of the 2017 class in no particular order: XRP, XML, IOTA, ICX, NEO, DASH, NEM, EOS, LISK, OMG, WAVES, VET... Now that the 2nd bear is here, these will finally fall into obscurity, little by little, and most are now well beyond the top 60. I bet most of the 2021 class people have never even seen half of those ever mentioned in here. And believe me when I tell you each one of these shitcoins was once obnoxiously shilled in here for weeks or *months* on end. Now you're not gonna want to hear this, but the same fate awaits the hypecoins of 2021. They will be replaced by new ones in the next cycle, and its bagholders will finally give up as they FOMO during the bull or capitulate in the bear. 🐷

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

Joe-M-4

You mean Bitcoin, Satoshi's vision, correct? You're in luck, it was in the Top Ten in 2019 and 2020, so it was included two times in my experiment. You can check out how it's doing in the latest updates here: [Latest 2019 Top Ten](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-38) [Latest 2020 Top Ten](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-27) tl;dr - in terms of ROI, BSV is the second worst performer in both Top Ten Portfolios behind EOS. Although it's had a couple of good days recently, so that's something!

LightninHooker

If the crypto winter is long enough you either become a btc maxi or die a shitcoiner. Don't be one of those buying the dip in IOTA or EOS "for the next bullrun" . There will be PLENTY of new stuff coming next cycle BTC it is ... later on BTC/ETH

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

korben2600

Yeah, there's lots of uncertainty surrounding markets right now. But eventually supply chains will catch up with demand and stabilize. Inflation will pull back as demand begins to falter. If you zoom out and take a longer term perspective, it's not all doom and gloom. Recent events are cyclical, as they always are. Does that mean the next 6-12 months aren't gonna suck? Nope. I've been a miner since 2017. I've generally just stuck to the larger coins like ETH and BTC. Most altcoins struggled hard in the bear market. Even the larger ones like EOS went down about -91% from its ATH. Now people don't even really talk about it. I have confidence in ETH and BTC and that's about it. Well I'm still up 10x on my ETH (average buy of $140). At the ATH I was up as high as 34x. Just hold. Transfer your crypto into a cold wallet. Ignore the news. And just hold.

nousemercenary

Is EOS even a thing anymore?

ApexMM

Yeah, and he was quoted out of context by "TheADAApe" ADA is going the way of EOS in the next 10 years. No interest from developers, creator is lazy, dishonest and funnels money into advertising. This is one blow up that's going to be a lot of fun to watch.

steadyhandhide

I feel like if there is room for one meme coin to survive successive crypto cycles, then that coin is Doge. Doge is more a part of crypto history than most non-meme crypto projects. All subsequent dog-based meme coins will probably be relegated to history as part of the 2021 bubble along with ape NFTs. The incentive to invest in funny dog coins wont exist in the same way as when the government was paying people to stay home. Last cycle it was ICOs and “protocols” (e.g. crap like EOS). Obviously I don’t have a crystal ball and you are right that “you never know”.

LightninHooker

The problem is not a project leaving. At least LUNA people know they are fucked and they can move on The problem is getting stuck in DOT or AVAX or something like that thinking they will fly again ... while they become a ghostchain And I said those but could be ATOM,ALGO,ADA or any other. That's the drama. Becoming EOS or IOTA

charlyAtWork2

SOL use same narative of EOS. And going on same useless direction. ok, maybe a bit more usefull for NFTs...

Cswizzy

SOL is this cycle's EOS. Enjoy the ride

MinimalGravitas

> Number of developers working in an ecosystem does not automatically equal higher features or security. Not automatically, but it would be very strange if the two factors weren't correlated... the developers are the ones creating features and designing protocol upgrades. > Ethereum security is not good, August 2021 the chain was exploited and forked, **fortunately Ethereums centralization avoided complete disaster**. That is not a reasonable explanation of what happened... One of Ethereum's decentralization features is that it runs on multiple clients. There is not a single official program you should use to run a node, instead you can pick from a selection produced by different client teams. One of these clients is called GETH, a potential exploit in GETH was identified and the Go-Ethereum developer team published a new update that included a fix for this. Three days later an attacker began making use of the exploit, node operators who were running GETH and had not updated were vulnerable and this caused a chain split. People running GETH who had updated their clients were unaffected. People running one of the other clients: Nethermind, BESU or Erigon, were also unaffected. How would you interpret that as an example of Ethereum's centralization? > Ethereum is ripe to be replaced with something with better features, and lower cost. Alt L1s aren't competing with Ethereum anymore, they're competing with rollups. Why would anyone deploy something on Algorand, HarmonyOne or Cardano when they can deploy on Optimism or Arbitrum? In fact Arbitrum already has more dApps than all 3 of those Alt L1s combined? And if the dApps are built in the Ethereum ecosystem then that's where users will go to use them. Ethereum's roadmap is fully leaning into optimizing the L1 to help rollups to flourish. Two of the biggest upcoming upgrades (other than The Merge) are EIP-4488 and EIP-4844. The former will reduce the cost of calldata transaction costs and the later (proto-danksharding) will allow the storage of large amounts of rollup data on L1. Each of these should roughly reduce the cost of using a rollup by an order of magnitude, so once implemented a transaction on an L2 that currently costs $1 will cost more like $0.01. This is being done without compromising decentralization or security of the L1. Of course many Alt L1s have got upgrades of their own planned, but I just don't see anything like the kind of innovation coming down the pipe that would be needed to even maintain their position relative to Ethereum's ecosystem. Maybe I'm wrong on that, but my opinion matches the OP's sentiment and over the last couple of years I have invested accordingly. I do still hold a little bit of ADA, because it is interesting how different the approach of eUTXO is to just about everything else, it's plausible that there might be an as-yet-unforeseen benefit that it has which makes it better for some niche usecase? As for stuff like Avalanche, Solana, Harmony etc, I think they will go the same way as EOS, Aeternity and NEO from last cycle. E

0xNLY

I’ve just been around long enough to have seen this all before. Cardano is just following the EOS playbook. You don’t really think somebody is paying me to post on Reddit though do you? That would be wild.

melerine

What are your thoughts on EOS?

cwarfox

How many downtrends have we had? Plenty already. How many times did people feel that it's over? Countless. Use this experience folks. Just don't be over positioned in relatively newer projects that could go, 'Pooff'. In times like these, I like building bigger positions in projects that might be boring, but have stood the test of time, countless times. Boring Tron, Boring EOS, boring Monero etc. You just know they won't go as 'Pooff' like Axie Infinity or Solana might. Just my opinion ofcourse. You might not 100x with these, but at least you might 2x or 3x. Still alright.

deinterest

What is the reason EOS failed? And why would the same happen to algo?

RectumusPrime

Some have learnt from the mistakes of EOS, where validators kicked Dan Larimer out. So it's a good security measure to make sure that a benevolent entity controls the vast majority of the supply, in the event they can vote themselves in as the too validators and kick the bad actors out.

tarpex

If they fix their shit back together, and like seriously fix it, it could. But that's on them to prove and trust after so many people got rekt and liquidated on its defi protocols due to constant congestions and various bullshit doesn't instill much confidence. Or it fizzles out into another EOS and turns into a ghost chain. We'll see.

kautzmanskate

EOS will take it any day now I can’t wait 😂

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

CointestAdmin

#Proof-of-Stake Con-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Proof-of-Stake Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Reusing from [my previous entry here](https://np.reddit.com/r/CryptoCurrency/comments/pfoke5/rcc_cointest_general_concepts_pos_conarguments/hd7dme2/). > > *Disclosure: (assuming Ethereum successfully transitions to PoS) ~50-60% of my current portfolio is in PoS coins, not including tokens that run on those chains* > > #PoS Con Argument > > Just a note that there are [lots of variations](https://www.finyear.com/photo/art/default/31320255-29572660.jpg?v=1551793721) on the Proof of Stake consensus model - e.g., [Proof of Staked Authority](https://github.com/binance-chain/whitepaper/blob/master/WHITEPAPER.md#consensus-and-validator-quorum) (BSC), [Pure Proof of Stake](https://www.algorand.com/technology/pure-proof-of-stake) (ALGO), Bonded Proof of Stake (ATOM), Delegated Proof of Stake (EOS), Liquid Proof of Stake (XTZ), Nominated Proof of Stake (DOT) etc. Different implementations have different tradeoffs, but I'll try to keep the main arguments general. > > ##Wealth and control > > - As other con arguments mention, PoS consensus favors big players and can [lead to centralization of wealth and control](https://medium.com/stakin/centralization-of-stake-in-pos-f7ccb8f8254). > > - In the absence of staking pools or delegators, the necessary capital required to self-stake (+ hardware costs) can exclude smaller participants: > > - [If you got in early, then you have a larger stake - and your position is basically guaranteed since you had a head start in earning rewards](https://www.coinbureau.com/blockchain/proof-of-activity-explained-hybrid-consensus-algorithm/#Introducing_Proof_of_Stake). > > - If you have a bigger stake you're probably in a position to hoard it, accruing compound interest and solidifying your position as a whale. > > * Airdrops are great, but if they're based off a snapshot of staked holdings ('stakedrop') then the rich get richer (some projects have tried to make [fairer distributions](https://medium.com/osmosis/osmo-token-distribution-ae27ea2bb4db), but [whales gonna do whale things](https://np.reddit.com/r/cosmosnetwork/comments/q8y550/centralization_issue_in_juno/)). > > - The bonding/unbonding periods of some protocols disincentivize participation from less wealthy users who may need to keep their assets liquid in the face of market volatility (i.e. opportunity cost). E.g., ATOM has a 21 day unbonding period. > > - Even if you delegate your stake to validators, there is a centralization of power/wealth: > > - The lack of incentive for smaller participants to be active in the voting process undermines the system's democratic intentions: > > > "[This leaves the door open for the whales to have a more direct influence over the network, especially if they are also able to take control of masses of smaller votes via proxy.](https://www.coinbureau.com/education/delegated-proof-stake-dpos/#Disadvantages_of_DPoS)" > > - Entrusting validation to a small group of participants introduces trust into the equation - delegates could form cartels making the blockchain less decentralized and less resilient to attacks. > > - Cartels aren't just a theoretical issue - historical examples include **EOS**, which has a [vote buying system](https://research.binance.com/en/analysis/eos-governance) leading to [accusations of cartels bribing an exchange](https://www.coindesk.com/markets/2018/10/04/vote-buying-scandal-stokes-fears-of-eos-governance-failure/) and **LISK** which had a [cartel](https://np.reddit.com/r/Lisk/comments/8dwwqa/delegates_or_delegateyou_decide/) likened to [the mafia](https://medium.com/coinmonks/lisk-the-mafia-blockchain-47248915ae2f). > > - Various examples of centralization on more notable chains include: > > - **ADA**: [Binance has 12% of the total stake](https://adapools.org/groups). As /u\/Eagle-Pool explained in [this post](https://np.reddit.com/r/cardano/comments/muf1ap/why_staking_your_ada_with_binance_is_a_bad_idea/): > > >"Cardano created [Enterprise Wallets](https://docs.cardano.org/en/latest/learn/types-addresses.html) that were meant to be used by exchanges that shouldn't carry stake rights. Clearly, Binance isn't using those since they've created so many pools. If they participate in Catalyst voting, they have enough Ada to make or break any project." > > - **ATOM**: [CEXs \(Binance, Coinbase and Kraken\) hold ~17% of the staking power](https://www.mintscan.io/cosmos/validators). > > - **BNB**: [21 validators and if you want to be one you'll need a minimum 10,000 BNB](https://docs.binance.org/smart-chain/validator/Parameters.html). Meanwhile, [Binance owns ~80% of BNB](https://www.coincarp.com/currencies/binance-coin/richlist/). > > - **ETH**: running your own [validator requires 32 ETH](https://github.com/ethereum/annotated-spec/blob/master/phase0/beacon-chain.md#gwei-values). [~20% of validators belong to whales and centralized exchanges.](https://beaconcha.in/charts/deposits_distribution) > > - **DOT**: would recommend the [DOT Con Argument thread](https://np.reddit.com/r/CryptoCurrency/comments/og2peh/rcryptocurrency_cointest_top_10_category_polkadot/) for specifics on the confusing election and nomination aspects of the governance system. [The minimum required stake needs to be higher than the least staked validator](https://wiki.polkadot.network/docs/faq#what-is-the-minimum-stake-necessary-to-be-elected-as-an-active-validator), currently [1.6M DOT](https://ipfs.io/ipns/polkadot.dotapps.io/#/staking/targets). > > - Lastly, there's also centralization to consider given validators' reliance on infrastructure providers like AWS, [Bison Trails](https://bisontrails.co/protocols/) or [Infura for ETH](https://coinmarketcap.com/alexandria/article/ethereums-infura-iating-outage-revives-decentralization-concerns) and software clients ([like Geth for ETH](https://medium.com/coinmonks/how-eth-2-0-could-resolve-the-long-running-centralization-debate-c416b394e54c)). > > > > ###Subjectivity > > - This may be a bit more technical, so bear with me. > > - There is trust involved not just when delegating to a validator, but also at a more fundamental level - how PoS nodes connecting to the network 'learn' what the 'truth' is, i.e. how to sync and validate the correct chain: > > - PoW networks like Bitcoin's are **objective**: [when a new node comes online it can determine the 'truth' based off the protocol and the history of previous blocks](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/). > > - On the other end of the spectrum is a network like Ripple, which is **subjective**: [all the nodes are sort of doing their own thing to determine what the truth is. The network thus requires nodes to have reputation, otherwise anyone could spin up a bunch of nodes to take over](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/) (i.e., [Sybil Attack](https://en.wikipedia.org/wiki/Sybil_attack)). > > - PoS falls in the middle, it's '**[weakly subjective](https://academy.binance.com/en/glossary/weak-subjectivity)**': [when a new node comes online it has to find someone to tell it what the truth is so it can sync up. Reliance on a trusted third party thus adds a small but non-zero amount of risk not found in the PoW security model](https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/). ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6voht/general_concepts_round_pos_conarguments_december/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/v2re03/monthly_optimists_discussion_june_2022/).

buzzbooz

Think twice Before buying any Korean or US project So many scammers are there with all my respect Luna vglobal exchange even icon etc So many news every week about Korean ponzi scam USA I guess more than 1000s of scam projects Even the semi scam ones like EOS and ends up with dragonchain Good luck

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

coinfeeds-bot

tldr; Orbex, a leading investment firm offering forex and CFD trading services, has announced the expansion of its asset range with the introduction of cryptocurrency trading. Orbex's new cryptocurrency range features eleven of the world's largest coins by market capitalization including Bitcoin, Ethereum, Litecoin, Ripple, Cardano, Dogecoin, Polkadot, EOS, Chainlink and Stellar. The newly listed cryptocurrencies are all pegged against the US dollar. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

CointestAdmin

#Tether Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Tether (USDT) is a stablecoin that has it value fixed to the US Dollar, which means that it is designed to always have the value of 1.00 dollar. It it claimed by the organisation behind Tether that they will keep a dollar in reserve for every Tether that is created. It was created back in 2014 on the Bitcoin blockchain as RealCoin and was rebranded to Tether in 2016. Sinc then it has reached a market cap of $70B and it is found on many blockchains like Etheruem, EOS and Algorand. Tether is the most widely used stablecoin and is available on many exchanges and in many different trading pairs. Compared to the other available stablecoins it certainly is the most flexible one. > > Stablecoins are mostly used as a hedge when the crypto markets are going down but when traders want to avoid the fees of turning their crypto into fiat. Although the value might vary slightly around $1.00 it has so far always recovered. The larger the market cap the lower the volatility that is expected, which is exactly what you would desire from a stablecoin. > > The claim that USDT is fully backed by dollars has led to many different lawsuits. As of late the Tether Foundation has offered an insight in the backing. It was stated the USDT is backed by \~$0.74 in both currency and commercial papers. This would put Tether in the top 10 of holders of commercial papers worldwide according to JPMorgan. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2m25/top_10_tether_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

Bpool91

>but I do have concerns about it being very (and I mean, VERY) centralized. Yeah someone mentioned that, similar thing with EOS

Spacesider

You can't solve that problem unless you start introducing trusted systems / centralised layers. Doing so defeats the point of using a decentralised system and opens itself up to abuse because now you need to trust the people in control to do the right thing. The EOS blockchain had that functionality, where transactions could be reversed by so called "arbitrators", and it absolutely got abused. https://cointelegraph.com/news/eos-reverses-previously-confirmed-transactions-as-pundits-decry-centralization

tied_laces

The problem with shitcoins is they are 99% controlled by the developers. No matter what ever they say, they are printing/burning. If you understand that, you understand why the liquidity will always be poor. They pay exchanges to list the coin and when they are ready they dump their coins for BTC or Eth. They can only pay so many exchanges and wash trade. People like Brock Pierce (EOS) and Just iNSun (Tron) are the master of pump and dump.

hehechibby

S - Ethereum A - NEAR, Avalanche, Polkadot, Cosmos B - Solana, Fantom, Elrond, Harmony C - Cardano, BSC, Stacks, Kadena, Waves, Radix, Algorand D - Terra, EOS, Tron, ICP

fruitbliss

You’re right, Algo should be with EOS where it belongs lol

BrokenParachutes

Well Im not saying it definitely wont, but its entirely possible that alt Layer 1s wont do well in the next bull run, or just that Juno specifically wont. There is no guarantee at all that a coin will come close to its ATH in a new bull run. Example I like to use is EOS, which had its ATH in the 2018 run, pumped to about 3/4 of its ATH in the May 2021 run, and barely pumped at all in November when tons of other newer projects were setting new ATH all over the place. And people on this sub loooved EOS. Now its just slowly fading into obscurity. That is the fate of 99% of alt layer 1s. My point is I hope you are diversified and Juno just represents a small amount of what you hold.

No-Significance-1581

You missed Scamdano's 1 TPS and 5 year delay on smart contracts that turned out to be a bust. All 2017 eth killers like NEO, Tron, EOS all dead in the water.

GreyAndroidGravy

I've literally funded my life on TRX and tokens on their network for 4 years. 888tron is a gambling site, but just hold the 888 tokens and collect dividends. Chainzarena is an F2P game that gives divs too. Hell, just holding TRX pays as it's proof of stake. It's been around for years, and despite all the Justin Sun hate it's not been dropped like EOS or other highly hyped coins from prior cycles.

BriBumer

Better go warn Solana or TerraLuna Fanboys or EOS (wait EOS is to late). I already warned in the Past EOS fanboys. And EOS failed, i already warned Solana Fanboys and Solana is failing. I think i know better which crypto is good to invest than you:) because i already saw real issues in Blockchains. And Cardano do not have major issues like most other Chains:) cardano is on a very good way:)

0xNLY

There’s almost no evidence to suggest this, it runs at about ~1 tps and has less DeFi usage than even EOS: http://defillama.com/chains There have already been a few hacks and exploits as devs struggle with Plutus and concurrency, due to minimal tooling and a small developer community. Almost everything is still closed source. It’s early, but give it 12-18 months and it might mature into a larger DeFi ecosystem - it hasn’t been tested yet. The problem is that it’s growing much slower than competitors, especially Arbitrum and Optimism, or Starknet which is picking up the lions share of developer mindshare.

busybeeback

>they have more cash and backing than ever before that can buy them more time EOS.

airwavieee

This reply should have way more upvotes. People dont realise most alts will die, including most alts that are currently considered 'blue chips'. Even a token like LINK which will survive for sure, wont get the same price action as the next hyped coins. Just look at XRP, LTC, BCH, NEO, EOS. I believe only Litecoin made a new ATH last bullrun. Dont hodl alts.

TRIPITIS

Algo and Solana remind me of EOS then. Just delusional bright eyed idiots

PAlove

EOS is still #50 by MCAP. Pretty ridiculous tbh

Harucifer

At one time EOS was considered the top dog. IOTA and XLM too.

Skeptain

> Who created that rule? Dan Larimer who was the first to implement dPoS within STEEM and later EOS. > I would not call delegating a "feature" either. Keep poor people away from securing the network sounds totally reasonable..

Skeptain

No it does not. DPoS is used by STEEM and EOS and within dPoS block producers have to be elected. Within Cardano to become a block producer you do not need to be elected. Anyone can run a node to produce blocks. The possibility to be selected by the system to produce a block depends on your amount of coins while there is no required minimum. Any user can choose on his own if he wants to run an own node or to delegate his coins. Within Ethereum there is a required minimum of 32 ETH to participate in staking. There is no natively implemented option to delegate while anyone with less than 32 ETH cannot participate in staking. So in both, Cardano and Ethereum you can become a block producers on your own while Ethereum requires a minimum amount and does not provide the option to alternatively delegate.

dzoni893

Basically 95% of them are in similar position. Will they recover eventually or not, time will tell. At this point I’m leaning towards lower low on a monthly timeframe for them (see EOS). Takeaway for me is to stay away 100x projects in their first bull run because they are in a multi year profit taking for insiders;).

1corn

That is extremely possible. But in crypto, all it takes is one slam-dunk. My BNB dust from 2017 is now one of my largest altcoin holdings. Used most of it to buy EOS in early 2018. 😭

Frunknboinz

This is true. The next part is where everything else starts into a bull market except all of trash you're holding. You sit there waiting with your bag of EOS, Nano, IOTA, etc waiting for those new ATH's but they never come and you're left out in the cold. Just replace EOS, Nano, Iota with the current flavour of favorites.

Ithinkwereparkedman

Not excited one bit for equilibrium tbh. I've backed 80% of the projects in the crowdloans so far but Equilibrium is not one of them. The team have been proven and caught out lying and cheating their retail investors and banning and blocking people from their telegram and discord for asking difficult but legitimate questions. I look at their history and arguably they're a failed EOS project hoping Polkadot gives them a platform to find users. Just to see if I was missing anything myself I watched the equilibrium + polkadex stream they did together. Alex seems to have no idea how to communicate an idea or sell a concept. Vivek from Polkadex showed him up, it was clear there was a huge gulf in class between the two. It's as though equilibrium knew they were going to struggle winning a slot quickly - so they slipped into auctions 12-13 which were a mess and caught all the other teams out. This ended with them winning a slot that they wouldn't have won in the normal auction a week after as the bids got much higher than equilibrium raised as a whole in slots 12-13. And according to the users, their kusama project Genshiro has been a nightmare. If you believe in them, awesome, and hope it works out for you my friend. But it's a big nope from me, I won't be using any of their products.

nevinajith

Buying a lot of EOS was the worst thing i did to date.