3rd generation blockchain

source

>even irrelevant coins are mad asf about EOS destroying everyone
i can fap to this

>EOS barely does anything new compared to ethereum

Well, outside of being the first real fully functional dapps coin to ever hit the market. Sure its not doing a whole lot right guys.

Still gets hacked with shitty coding

hey bro there's a $10k bounty for finding a bug go for it

>10k bounty
>when people can steal millions
lmao

that's not how blockchains work buddy it's bugs for dosing nodes and slowing down the network not for hacking random dapps and stealing tokens

The risk of stealing large sums of crypto is insane. EOS is still on a public ledger.

the-blockchain.com/2018/05/14/is-eos-dumping-ether-market-analyst-santiment-thinks-not/

yeah bro public ledger is fucking scary those EOS scamcoins will probably get stolen first day LOL

hmm you should show your 100% short on EOS then. LOL

A picture is worth a thousand words LOL

LOL you should perhaps take some reading comprehension classes for autists

how new are you?

IOTA isn't a blockchain dumbass

Also, fuck Skycoin. Holochain has already made your piece of shit scam irrelevant. Enjoy your Raspberry Pi that cost you 1 BTC along with your worthless premined Sky tokens.

longer than you

I don't understand shit I just respond!! LOL

>actually linking subpar articles unironically
thew up a bit in my mouth

A DAG can be serialized to a linear hash-pointer structure once consensus is reached.

>hurr I know anything about anything.

>graphs are equivalent to lists
nigga u dum asf

I apologize T_T

>have large graphs full of blocks referencing eachother
>find way to give them absolute order
>blocks now only reference the last block in the absolute ordering

>this is somehow not a blockchain because it had an intermediary representation
nigga I'm writing a DAG platform right now, and that's literally what they do.

You literally refuted your own argument in your conclusion brainlet. ETH was not a leap forward from BTC, it was a new use and application. Hence it didn’t threaten BTC. EOS is an improvement over ETH, its the google to your yahoo. Facebook to your myspace. While BTC is just Amazon.

Did I say blockchain? They are still competing in the same space Moron.

skycoin.net/docs/user-guides/cx/what-cx-can-accomplish/

youtube.com/watch?v=oaqg1YM98T4&feature=youtu.be&t=304
(05:04)

>have a vertex with 2 equally weighted directed edges to two other vertices
>make up an absolute ordering based on made up crtieria so you can call it a list
perhaps we should just replace bayesian networks entirely with linked lists because they obviously provide no benefits!

>bayesian networks
this has nothing to do with bayesian networks whatsoever

EOS is not a direct improvement over ETH, there's a high chance that it will be completely controlled by a cartel of block producers. For some reason EOS holders are convinced that they'll be able to flawlessly vote out any bad BPs, but that has yet to be proven. Most of the EOS community is pretty retarded, and many of them will not even vote in the first place. Considering how often real life elections get manipulated, it's optimistic to think that EOS will be better.

I love Jow Forums, I can barge into a thread talking bullshit about anything and leave with a bit more knowledge

it's an application of DAGs the same way distributed consensus is an application of DAGs. they both leverage useful properties of DAGs to provide a better system for what they're trying to do. trying to draw a false equivalence between DAGs and blockchains is dumb

eosio is a software and there'll be dozens of eos-based blockchains so your "cartel of chinese BP" meme boogeyman is retarded and so are you

blockchains are technically DAGs, given they are

>Directed
>Acyclic
and
>Graphs

The idea that somehow a DAG is anything but a rudimentary type of arranging information is an ill-informed brainfart of the crypto community.

actually, you know what? Let me quote my literal fucking whitepaper

>Abstract
X is the first distributed open-source software platform built on a CONSENSUSALG.
A CONSENSUSALG is a datastructure similar to a blockchain with the difference that any block has two predecessors rather than one, with the condition that one of them is the last block of oneself. We denote this difference by naming them “events” rather than “blocks”.

Technically speaking, Blockchains as well CONSENSUSALG are directed acyclic graphs (DAG) although in practice the terminology is often used exclusively. Blockchain is generally used to describe linear structures while DAG is generally attributed to non-linear structures. Under these definitions we are looking at a DAG.

Employing CONSENSUSALG in combination with a gossip protocol allows for some special properties to be used. Most notably we can achieve byzantine fault tolerance with up to 1/3rd of the network being malicious attackers or being taken offline by such without sacrificing fairness. This ultimately allows us to reach network-wide consensus on an absolute order of events, thereby producing something that’s effectively akin to a Blockchain with all its properties.

lel you think you're so smart because you know some data structures. It doesn't matter if people will be spinning up their own eos chains because only a handful at most would have any value(most likely only the one supported by b1 funding), and all of them would have the same vulnerabilities because the consensus model fundamentally relies on social interaction.

>While BTC is just Amazon.

EOS also has zero transaction fees and 3 second transaction times. BTC kinda getting fucked hard in the ass with this too.

blockchains are very restricted forms of DAGs and the crypto community took the word DAG to represent a different representation of data that doesn't need to be linear. in blockchain you have synchronous block building i.e. your transaction cannot be used anywhere before the new block is mined, while in DAGs this limitation is removed. why would you try to set a false equivalence between them when they're fundamentally different

>zero transaction fees

proofs or btfo

>blockchains are very restricted forms of DAGs
>they're fundamentally different
Is there a foundation or charity that helps people like you? I'd like to donate.

>because only a handful at most would have any value(most likely only the one supported by b1 funding)
nah, companies can spin their own nets, and hippies like yourself can do so as well (see evolution) once idiots realise EOS is the better platform, you'll see eos platforms everywhere where they try to improve governance or inflation or whatever

>and all of them would have the same vulnerabilities because the consensus model fundamentally relies on social interaction.

nigga eos didn't set out to solve fundamental governance problems that existed since the dawn of time. but eos provides a software for people to try a lot of governance mechanisms, which is not in any way worse than any other blockchain (de)centralization we have today

the fundamental difference is asynch vs synch which is created by the limitations of the blockchain as a DAG. fuck off already dipshit and stop replying to me

>blockchains never produce two blocks at the same time

>hurr what are forks
>hurr what are uncle blocks
I mean, why not just concede the literal fact that blockchains fill all criteria of a DAG

they're orphaned blocks whose transactions are not part of the consensus, and i already admitted blockchains are DAGs when i said they're "very restricted forms of DAG" stop being autistic

>your transaction cannot be used anywhere before the new block is mined
>they're orphaned blocks whose transactions are not part of the consensus
>i already admitted blockchains are DAGs
>they're fundamentally different

Changing your position every time I BTFO you doesn't make you sound more reasonable. Can you ask your parents about those donations? I'd really like to help them out a bit.

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Doesn't matter if it's God tier 8th gen turbo shit. It's Soros' Larimer is Soros'. Fuck Ethereum Of Soros

la la la i went all in pretty low la la life is good

Is there any proof Soros supports EOS? I would probably invest in it then but that sounds like a meme to me

i'm not following you anymore so let me summarize the discussion for you cause i'm of this

DAGs leverage DAG properties by constructing a proper DAG asynchronously in many directions. Blockchain is _technically_ a DAG if you want to be autistic, but it is not using DAG properties constructively to improve the protocol. Blockchain consensus relies specifically on the idea that there is no other fork and we're following the chain with the longest proof-of-work. This is antithetic to graphs where forks are common-practice and are leveraged to improve the network, while forks in blockchains are typically disruptive and the main reason why 51% attacks are dangerous. Saying blockchains are the same as DAGs is correct in a technical but autistic way maybe look up linguistic descriptivism vs prescriptivism

Yeah you're right, it's not like ETH is controlled by a secret cartel.

>forks over DAO
>considering forking again over Parity

Kek the difference between ETH and EOS is that ETH is pretending to be more decentralised than it is, while EOS is being honest about it being controlled by 21 parties.

If you think the long term end game is true decentralisation, you're gonna be waiting several decades. The end game is an internet with integrated payment platforms, the Internet of Value. IOT is a red herring the way 3D printing was a red herring for redditor cucks who think they can read Forbes and become billionaires. REAL investors and VCs are excited about the IoV. This isn't about empowering individuals to avoid banks, it's about empowering Silicon Valley to avoid banks.

EOS is a Silicon Valley job through and through, eventually Facebook, Apple, Google etc will be on EOS and will circumvent Visa/Mastercard as the outdated dinosaurs they are. This is going to be the deathblow from SV against Wall Street, who have been increasingly conflicting for the last decade.

eos has nothing to do with san francisco

>technical but autistic
>sticking to definitions in computer science is autism

>This is antithetic to graphs where forks are common-practice and are leveraged to improve the network
if you want to get into the specifics of terminology, a fork in a "DAG" as you use it would be an even/block at the same height, referencing the same parent-events. This is equally bad to a fork of a blockchain and needs to be corrected actively.

But yeah, your whole argument boils down to >hurr you are only correct in the way everyone uses the term.
>In the way I use it, you're wrong, retard
en.wikipedia.org/wiki/Directed_acyclic_graph

Do some reading, brainlet.

k tard

>proofs or btfo

just like steem it has zero fees.

There's no fucking proof its complete bullshit.

but unlike steem the coin has uses

Censorship resistant social media is pretty fucking useful. Steem is a dapp. Its no more or less useful than a platform for dapps. EOS will have a ton of social media pages too.

can you read? i'm talking about the use case of the STEEM coin, STEEM is not a dapp, that's steemit just stop posting and kys

> i'm talking about the use case of the STEEM coin, STEEM is not a dapp, that's steemit just stop posting and kys

Seriously what the fuck?
Saying steem has no use case when busy steemit dlive and dtube among like 10 other dapps are built on it

IS FUCKING RETARDED.

THE COIN NOT THE BLOCKCHAIN

holy shit what's wrong with you. i'm saying there's no point holding STEEM COIN it doesn't do anything you can't do anything with it's a useless coin

STEEM POWER FUCKFACE its the most important aspect of the technology HOLY SHIT!!!

Are you talking about SBD maybe? It makes no fucking sense to say STEEM has no use case HAHA

I’m going 2 fuk sooo many sluts thanks 2 my sik EOS gains

If u want teh succ, u must get EOS lads

All the fud comes from reddit cucks who can't handle the EOS triumph.

Attached: 1123.png (1545x207, 43K)

nice larp loser

Stay poor

3rd generation?

>codebase literally 99% from bitshares, a through 1st generation coin
>trades decentralization for capacity, no innovation for scaling

eos is definitely a 1.5gen coin, 2nd gen at best. bitshares's codebase has been poor from the start, and danny has made no attempts to fix any of the serious issues with it, and just accepted that only 20-30 nodes will be the absolute maximum nodes on a "decentralized" network because it can't handle anything else.

>codebase literally 99% from bitshares, a through 1st generation coin
The project started using bitshares code, that's true, but understandable considering the developer was the same. I am a sw engineer and do that a lot. Now, EOS is the project with the repo rated as #1, both in number of commits and in quality of commits. The 99% could be 10% today. Not like any of us will do the effort to confirm it though. Also, you are forgetting there was a Bitshares 1.0 and 2.0 versions.

>no innovation for scaling
Full interchain communication is the innovation other are wishing to achieve (and that maybe only Skycoin can have today).

But yeah, I also fud when I am in bear mode. It's all ok.

dapps are uselss tho

>Now, EOS is the project with the repo rated as #1, both in number of commits and in quality of commits
You know it would be a lot easier to invest in EOS if fags like you didn't lie about bullshit like that. (coincodecap.com/) And fuck you for trying to use your shitty "sw engineer" credentials to gain credibility. Anyone with an IQ over 100 could be a software engineer if they wanted to.

You do realize this is exactly like saying

> Aplications are useless tho

All you do is take the D from the beginning. Honestly this is the first time crypto ISN'T going to be useless anymore.

Lol, EOS. Might as well just rent an Amazon server if you don't care about decentralization.

EOS being decentralized is a complete scam, with parties like Bitfinex -an exchange of all things- becoming an block producer it's basically block.one anyway.

Block.one, Bitfinex, Blockstream, Tether, it's all the same people. Only retards who've been in crypto since 2017 or later don't realize this.

It's literally the biggest money laundering scheme crypto has ever seen and the newbies are buying into it because they want to get rich too.

Well guess what faggots, should've paid more attention when BTC and ETH were still underground. Crypto is mainstream now and EOS is about to scam the fuck outta all these new people.