Many have bought the storyline that Ethereum has first mover advantage and therefore will have the market cornered before serious competition is ready to compete. It is becoming clear week by week (to those who read between the lines) that being the first mover is a disadvantage for Ethereum; it is hard to overhaul the engine on a moving vehicle. Especially when so many are already heavily invested. One serious dapp brought the network to its knees…and still the price goes up?
If the last 12 months have make anything clear, it is that the next evolution of commerce will utilize technological and financial blockchain ecosystems, like Ethereum. It is a revolution unfolding before our eyes. It seems quite likely it will take serious hold in the East and slowly makes its way West. While crypto-kitties (or Capybaras) may be cute, in my opinion it will be a while before it is obvious who the lasting blockchain platform leaders will be. If you have been around a while it can get to feeling like the race is almost over, but in reality it is just beginning.
Being that we are early investors/adopters, we are also speculators. So we do our research, we be careful not to get near sighted, and we go with our gut. Cardano is fascinating because it addresses most shortcomings of all others in one bundle. Almost to good to be true, yet there it is, with huge promises and potential and its market position and ability to hold value are proof that many believe. While we appreciate Charles’ “process over people” and understand and know this is logical and right, people make the process work and leaders are very important. People invest not only in processes and products, but also in people. While Charles is humble and I appreciate that, without him what would IOHK be? No one knows because Charles is clearly the leader.
So, about EOS… sorry but I can’t personally answer very deeply on their tech, why? Because I don’t trust Dan Larimer or his gang enough to get interested or invest my hard earned money in anything he is leading. For me, it all started when I was researching Steemit and Bitshares a few years ago and I watched interviews of Dan. I couldn’t believe they put him in front of a camera. My distaste grew from there. Not to bash, just being honest. While the technology and the processes are very important, the majority of people have an easier time getting behind a good leader because they want to follow and believe in something. Leaders bridge the gaps, smooth the rough edges and make us feel we can trust the future. This is an important aspect. I like Vitalik and think he is fascinating, but I really feel I can relate to, trust, and follow Charles’ vision. Dan Larimer, not so much, not with my money. That is my gut. Perhaps I will be proven wrong.
Not to make it sound like tech is not important, of course it is very important. But the best tech in the world will struggle to compete without good leadership to bring the complex entities together that can make it all work and thrive in the real world. Especially on the cutting edge of Fintech where the world is evolving before our eyes.
I will put my money on Cardano because after all the research I can afford to do, I believe its leaders are making very sound technological decisions AND can unite the right people in the right places at the right time to bring it all together (and not just abandoned it for the next best opportunity). But I too am speculating!
That is my 0.00000001 BTC … Chad
Well here is hoping that you get your wish.