Very informative, thanks.
But what I still do not understand is why Dan Larimer launched the EOS token on the Etherium network and not in Bitshares system?
If EOS is supposively the "Etherium killer" and Bitshares is so great, why EOS token in Etherium?
Thanks for your answer.
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I'm glad you liked the article.
This is just my personal opinion, but I would say Dan chose to launch the EOS token on the Ethereum network because for now it provides the greatest access to liquidity.
Recently, bitspark.io launched their Zephyr Token ITO on the BitShares network and so far they have raised ~450K EUR according to this site. https://bnktothefuture.com/pitches/zephyr (There's more than 1 day left to participate)
You can find more about the Zephyr token ITO right here. https://zephyr.bitspark.io/
I think EOS was launched on Ethereum rather than on Bitshares because of network effect. That is just traditional economics. The old have to bootstrap themselves with the new. The same way Bitshares was listed at Bittrex, while Bittrex is not listed at Bitshares. Here is Wikipedia definition of network effect: A network effect is the effect described in economics and business that one user of a good or service has on the value of that product to others. When a network effect is present, the value of a product or service is dependent on the number of others using
Bittrex could never be listed on the BitShares exchange because Bittrex isn't a token. It's just an exchange. BitShares is an exchange, currency, bank, etc.
I absolutely agree that EOS uses Ethereum due to the network effect. Well said.
Oh but how fucking cool would it be for someone with shares in Bittrex to UIA them onto Bitshares..
That could be a lucrative idea, but that would mean Bittrex would need to disclose their income to justify the token value. I doubt they would ever do that.
Am I wrong in my thinking?