Arjun Balaji on EOS

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Arjun Balaji is the founder of Shomei Capital, an investment fund focused on cryptoassets. He was formerly a software engineer at HubSpot and Flip.

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EOS is a cryptocurrency focused on smart contracts and decentralized applications. It focuses around scalability and eliminating fees for users.

Decentralized computer

EOS reviews by Arjun Balaji

🔑 0 positive | 💩 2 negative

2018

  • 💩

    Even assuming AWS and EOS are interchangeable . . . why do I want a "decentralized AWS" run by a cartel? What would I prefer to build there vs. AWS (or Google Cloud Platform or something else)?

    I've not only heard of AWS—I've actually used these services. They're great.

    2018-12-08 | Full Review

  • 💩

    [There's] no evidence to date that EOS wasn't a money-laundering scheme (continual sale -> use older deposits to fund later ones).

    2018-11-12 | Full Review

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Binance Coin (BNB) is the best example of a pure tokenized security: $15M ICO -> partial claim on cash flows, future fund returns, etc.

2018-06-04 | Full Review

🔑

I love Augur & prediction markets broadly (they’re one of a few use cases that make sense IMO) but if the Augur team quit a year ago, would anyone be interested? The ICO years before launch? etc.

2018-06-14 | Full Review

💩

Most “utility” tokens have little to no real utility. They’re MoE tokens that’ll see their value collapse, hence the use of various velocity sinks (e.g. a governance or MN/staking rn).....
Not all staking is a velocity sink. Augur and Numeraire are both tokens that I actually think makes sense. W.r.t. governance sinks, 0x is a project that comes to mind.

2018-06-12 | Full Review

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More EOS reviews

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💩

In EOS, a few complete strangers can freeze what users thought was their money. Under the EOS protocol, you must trust a "constitutional" organization comprised of people you will likely never get to know. The EOS "constitution" is socially unscalable and a security hole.

Nick Szabo, Blockchain, cryptocurrency, and smart contracts pioneer

2018-06-19 | Full Review

💩

Now, the latest scandal in DPoS (delegated proof of stake) land seems to be substantially worse. Because the delegate rewards in EOS are now so high (5% annual inflation, about $400m per year), the competition on who gets to run nodes has essentially become yet another frontier of U.S.-China geopolitical economic warfare. . . . The EOS New York community’s response seems to be that they have issued a strongly worded letter to the world stating that buying votes will be against the constitution.

2018-03-28 | Full Review

💩

We’re still talking about EOS like it’s a utility token/commodity. I don’t understand why it needs to be held in reserve at an $11 billion valuation pre-launch.

2018-04-24 | Full Review

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