LOL: Voice isn't going to be on EOS?
Back in the day I was really worried about EOS bringing competition to Steem. After a while I realized the differences between the two chains were likely enough to separate them into their own corners that wouldn't compete. Even in the case that I was wrong, Steem has the first-to-market advantage over EOS by two years, which is not to be underestimated.
Just like Bitcoin will not be overtaken by a project that is slightly better, so will Steem not be overtaken in the same way.
The only thing that can kill Steem is Steem.
The only thing that can kill Bitcoin is Bitcoin.
The only thing that can kill central banks is central banks.
These services can't be killed by projects that are slightly better. They can only be killed in the event of their own catastrophic failure. Central banking is well on its way to taking a dirt nap over the next few decades. Likely to be replaced by more agile corporations and hopefully crypto DAOs.
https://www.coindesk.com/block-one-will-not-launch-its-social-network-on-eos
In any case, enter this bit of news, and I just have to laugh. EOS' social media platform isn't even going to be on EOS? LOL WTF!?
With this announcement came additional details, such as a frequently asked questions page on the Voice website that revealed the new application would run on a private deployment of EOSIO software.
"While Voice is in beta and a highly iterative state, it will be run on a purpose-made EOSIO blockchain. In time, we would like Voice to leverage the EOS Public Blockchain, and potentially others that can meet the performance and governance demands of Voice."
Possible explanations:
EOS has had performance issues that have become acute since last summer.
What the article doesn't consider is the more likely reason for booting up yet another network.
performance and
governancedemands
Meaning more centralization and more control. A product that Block.One has direct control of no matter what. You know, when I first became super interested in crypto I thought Dan was great. What a great guy doing great things; living in abundance and sharing the wealth with everyone. Now it's more like watching propaganda for the US military. "A global force for good." KEK!
Voice will run on its own separate blockchain for the same reason that every account on Steem can vote for 30 different witnesses using the same stake: complete dominance of the network by a centralized authority. This is a bit of a tangent, but isn't it obvious that the same coin shouldn't be able to vote in multiple witnesses? (Let alone 30 when only the top 20 get paid regularly.)
In any case, Dan seems to be the master of sacrificing decentralization and security for scaling. Luckily for us, Steem might have hit the jackpot in this department. We're just decentralized enough to remain relevant as this movement pushes forward.
When we look at the pros and cons of Steem, are we looking for more scaling and higher throughput? Obviously not. We aren't even close to utilizing this blockchain to its full potential as it stands now. Sure, MIRA was nice. Getting off the RAM standard and onto SSDs was a great leap, but for the most part we just need better coin distribution and more viable applications running on the network. EOS needs the same thing, and Dan is running off to a separate project once again and leaving them to fend for themselves.
When you consider how much money the EOS ICO generated these actions are completely unacceptable. They could really be doing great things with all that money to the benefit of the entire world. Instead everything they do seems to be more of the same corporate cash grabs.
I'm sorry to say that Voice is doomed to fail, and I don't make that claim in an attempt to shill up Steem. The two projects don't compete in the least bit. Voice hangs on the crux of KYC, which is completely opposed to decentralization. Block.One is essentially producing a pegged product much like a stable coin, but instead of pegging a token to a fiat currency they are pegging accounts to government issued identity. That is a centralized attack vector that will be exploited given a high enough profitability.
The only way to merge KYC and crypto is to develop a decentralized KYC that has nothing to do with the legacy system. I've spoken to this idea many times in the form of a reputation system. Same thing. Again, it's not a competitive idea. The first network to build such a system will be cloned by many other blockchains.
Conclusion
All the leadership in this space seems to be dominated by greedy money-grubbing assholes. Their actions speak louder than their words, and their actions tend to be the metaphorical comparison of snorting coke off a hookers ass. If only these happenstances were that entertaining.
Luckily the low overhead and unregulatable nature of crypto will allow more honorable leaders to take the helm as this space develops over the next decade.
