Author Topic: Dan's Next Project - EOS Rears its Head  (Read 31720 times)

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Offline fav

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Re: Dan's Next Project - EOS Rears its Head
« Reply #105 on: May 19, 2017, 06:46:29 am »
From what has been talked about in the EOS Telegram chat, it seems like EOS will be capable of communicating with other chains. I think what will happen is that a standard method will emerge for chain-to-EOS communication which initially will be much simpler to utilize than re-implementing all of BitShares on EOS. I'd imagine it would require some code change on BTS, but the ability to send bit assets to/from EOS would give EOS dapps stable currencies to use early on, while market-pegged assets on-chain are still many months away. If we can manage to do that, this will inevitably put Bitshares in a much better position to decide to make a transition to the EOS chain if it makes sense, or continue the symbiotic relationship as a separate chain.

sidechaining to EOS will require a hardfork, but I don't think it'll be too dramatic. sidechain should be the first thing we do in my opinion

Offline fluxer555

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Re: Dan's Next Project - EOS Rears its Head
« Reply #106 on: May 19, 2017, 06:52:44 am »
In fact... from what I understand, the front-end of EOS dapps are basically web-apps, just like the front-end in BTS. It may be possible to write a BTS light-client as a dapp on EOS, which will use EOS producers to send signed transactions to the BTS chain. The light client could be modified to include EOS-specific functions, like sending to EOS accounts instead of BTS accounts (abstracting away the details of the connector dapp).

Offline karnal

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Re: Dan's Next Project - EOS Rears its Head
« Reply #107 on: May 19, 2017, 08:33:55 am »
Call me slow, but I've read this whole thread and still don't see why we should ditch the network and the dex and rebase bitshares as an EOSic minion.

Offline xeroc

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Re: Dan's Next Project - EOS Rears its Head
« Reply #108 on: May 19, 2017, 08:46:35 am »
Call me slow, but I've read this whole thread and still don't see why we should ditch the network and the dex and rebase bitshares as an EOSic minion.
Well .. we shouldn't per se.
But we should stay open to the best technology available.
No one is saying EOS will be - but we should be open for the innovations that it brings with it.
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Offline Permie

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Re: Dan's Next Project - EOS Rears its Head
« Reply #109 on: May 19, 2017, 09:01:11 am »
Do u think implementing Dogecoin on BTS as an asset will ever compete with Dogecoin?

Try it .
Make a Dogecoin in BTS and send it around . If the DogecoinAsset somehow managed to beat Dogecoin's market cap, then u can start considering the so-called migration of BTS to EOS.

Don't forget the bloody lesson learned from the threat "Vote will kill u all if u don't merge".
You miss the option of "take all the good stuff from EOS and upgrade the BitShares architecture" ..
+5% I would like this approach

But, if this could be done. Then that would imply that Dan didn't want to just lobby BTS 2 shareholders to implement his new changes, and decided to build a whole new system just because

Surely there is a reason it was rebuilt from scratch.
Obviously the bits that can be "borrowed" from EOS and implemented to BTS 2 should be, but will they really be 'the best bits'?


Do u think implementing Dogecoin on BTS as an asset will ever compete with Dogecoin?

Try it .
Make a Dogecoin in BTS and send it around . If the DogecoinAsset somehow managed to beat Dogecoin's market cap, then u can start considering the so-called migration of BTS to EOS.

Don't forget the bloody lesson learned from the threat "Vote will kill u all if u don't merge".
+5% point taken.
Dogecoin is backed by it's community.
The BitShares community needs to back BTS 2

BTS 2.0 may well fair just fine, carrying on as if EOS doesn't exist :)
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Offline JoeyD

Re: Dan's Next Project - EOS Rears its Head
« Reply #110 on: May 19, 2017, 10:54:53 am »
One other thing I deduced from all the chatter in telegram is that EOS will almost definitely use a different economic model than bitshares for its tokens and bandwidth in line with his blog post about fee-less blockchains and similar to steem (with your stake controlling bandwidth).

In that sense I don't know how easy it would be to just move bts over or clone the eos tech. Then again it does open up the possibility to try different economic models for bts and see which one works best. Hard to say anything meaningful or make plans with the limited knowledge we have about eos at the moment.

But I do agree that bitshares should be right on top of this and probably start out with at least a sidechained foot in the door of eos.

Offline emailtooaj

Re: Dan's Next Project - EOS Rears its Head
« Reply #111 on: May 19, 2017, 04:05:12 pm »
One other thing I deduced from all the chatter in telegram is that EOS will almost definitely use a different economic model than bitshares for its tokens and bandwidth in line with his blog post about fee-less blockchains and similar to steem (with your stake controlling bandwidth).

In that sense I don't know how easy it would be to just move bts over or clone the eos tech. Then again it does open up the possibility to try different economic models for bts and see which one works best. Hard to say anything meaningful or make plans with the limited knowledge we have about eos at the moment.

But I do agree that bitshares should be right on top of this and probably start out with at least a sidechained foot in the door of eos.
+5

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Offline Tuck Fheman

Re: Dan's Next Project - EOS Rears its Head
« Reply #112 on: May 22, 2017, 12:05:10 am »

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Offline JoeyD

Re: Dan's Next Project - EOS Rears its Head
« Reply #113 on: May 22, 2017, 03:29:32 pm »
Thanks to roelandp setting up a periscope stream on his phone I could pick up snippets of the presentation today. Unfortunately I only got snippets and I think I missed most of it, but here is what I could pick up.

No info yet on token distribution, updates will happen through the mailinglist at eos.io.

As has been leaked on the telegram group, eos will be a next step in graphene technology adding parallel threads or processing as it were. Where applications have to be written around messages and every block can do multiple actions instead of the just one currently. Applications can communicate rapidly with others in the same blockchain, but also with other chains through sidechains which will have higher latency (40 seconds for confirmation finality)

The vision seems to be for multiple eos-chains (even private ones) to be able to coexist and communicate with each other, further enhancing the throughput and bandwidth.

There will be a slight overhead because of the vm, making it initially a little slower compared to single threaded applications like steem and bitshares, but because of the options to run multiple parallel threads and because of the multiple operations for messages per block that can be mitigated quite a bit.

I also think I heard Dan mention that nodes can pick and choose which messages to focus on, like an exchange not having to process socialmedia transactions, although all apps can still interact with each other.

EOS economic model is similar to steem, where initially revenue will be generated through 5% inflation of tokens, which can be changed and distributed in a still to decide manner by the token holders. (Although the 5% inflation can only be lowered not raised)

Eventhough quite a few big names are involved in the project already, everybody will have to buy in to the tokens in the same way. (Which I guess means no pre-allocation like with ethereum and ripple). Big names already involved in the project besides the ones already known, seem to be Bo Shen, Yunbi, bitfinex and some others I can't remember.

For now that's about all I can remember or was able to glean from my mostly broken connection to the periscope stream.

Hope this helps, have nice day.

PS
Oh almost forgot. Dan did mention that he thinks bitshares should do some changes to match more with the concepts in eos. For example he thinks that users should be taxed less for interactions, like not having to pay fees to register changes on the blockchain and only asking a fee for executed orders not for just placing and cancelling them.

Still I think this is not immediately bad news for bitshares, but I do think the community should take action to claim their piece of the eos pie. Pretty damn sure that the exchange thing will be a big target for quite a few people.

I got the impression that if this eos-thing works it is going to make big waves and I do feel that ethereum is screwed. Or to speak in Tron terms: Ethereum program is about to be derezzed, end of line.
« Last Edit: May 22, 2017, 03:34:08 pm by JoeyD »

Offline Frodo

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Re: Dan's Next Project - EOS Rears its Head
« Reply #114 on: May 22, 2017, 04:41:25 pm »
snip

Thanks for the writeup. Just watched the stream and that sums it up pretty well.

Offline karnal

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Re: Dan's Next Project - EOS Rears its Head
« Reply #115 on: May 22, 2017, 06:11:18 pm »
but I do think the community should take action to claim their piece of the eos pie.

Please clarify?

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Offline kingslanding

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Re: Dan's Next Project - EOS Rears its Head
« Reply #117 on: May 22, 2017, 10:09:51 pm »
Dan mentioned a couple times about releasing info to those on a mailing list.  How does one get on the mailing list?
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Offline bobmaloney

Re: Dan's Next Project - EOS Rears its Head
« Reply #118 on: May 22, 2017, 11:05:02 pm »
Dan mentioned a couple times about releasing info to those on a mailing list.  How does one get on the mailing list?

http://eos.io/
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Offline mike623317

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Re: Dan's Next Project - EOS Rears its Head
« Reply #119 on: May 22, 2017, 11:52:00 pm »
Dan did mention that he thinks bitshares should do some changes to match more with the concepts in eos. For example he thinks that users should be taxed less for interactions, like not having to pay fees to register changes on the blockchain and only asking a fee for executed orders not for just placing and cancelling them.

Still I think this is not immediately bad news for bitshares, but I do think the community should take action to claim their piece of the eos pie. Pretty damn sure that the exchange thing will be a big target for quite a few people.

I got the impression that if this eos-thing works it is going to make big waves and I do feel that ethereum is screwed. Or to speak in Tron terms: Ethereum program is about to be derezzed, end of line.

This ^^. I think this is true, we need to incorporate EOS features.
[member=602]fuzzy[/member] - it would be good if we could have dan attend onbe of the mumbles to discuss imo.