Dan Larimer, the visionary creator behind BitShares, Steemit, and EOS is seemingly able to see the future. He balances a knowledge of technology, economics, and human nature to predict failures and design systems that are future-proof.
Point #1: Dan found bitcoin in 2010 as a result of his own search for digital currency solutions
Point #2: Dan predicted bitcoin could not be used (in it’s current architecture) for microtransactions, and alludes to Lightning-like (bit bank) solutions to the microtransaction use case.
Point #3: Dan predicts the need for a stable currency, and possible issues for pegged currencies like…..Tether. Wow.
Point #4: Dan sees the issue with Ethereum scaling, which we saw play out with CryptoKitties, and which Ethereum MUST address with second layer solutions.
Dan further took the approach of creating a SPECIFIC use case of a blockchain before creating the GENERALIZED platform. I think this is a better method, because…. how can you know what developers will need or their requirements for scale if you haven’t created a DAPP before? Dan created Steemit as a proof of concept to understand the requirements needed for EOS.
Dan Larimer questions Vitalik Buterin on Ethereum scalability: https://www.youtube.com/watch?v=mP82XmUNgNM
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Twitter: https://twitter.com/BobbySibert
