Ryan Selkis on EOS

a photo of crypto expert reviewer Ryan Selkis

Ryan Selkis is founder and CEO of Messari, an open data library for crypto. Selkis was previously an entrepreneur-in-residence at ConsenSys, managing director at CoinDesk, and director of growth at the Digital Currency Group.

Messari ConsenSys Digital Currency Group

expert reviewed cryptocurrency EOS logo

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 Ryan Selkis

🔑 1 positive | 💩 2 negative

2019

  • 💩

    Most attempts to bribe developers and users with airdrops and developer grants will fail (many already are), and most attempts to recruit insiders to a cause with pre-sale discounts and the (diminishing allure) of token flips will bring dysfunction and gridlock to projects. We’re starting to see some teams come to
    terms with this reality...

    The EOS “cartel” has likely led to irreparable damage in that protocol’s reputation in developer circles (why build on infrastructure that will get hijacked by ruthless investors)....Eos is a disaster, and the worst fears surrounding its cartel seam to be materializing.

    2019-12-16 | Full Review

  • 🔑

    EOS will surpass ETH. EOS could surpass ETH in DApp activity; as serenity delays continue, developer mindshare will wander; EOS smart contracts use C++ and compile into WebAssembly (better dev experience); on-chain governance works in EOS [and] isn’t close in ETH.

    2019-01-14 | Full Review

2018

  • 💩

    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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💩

But the company is managing a “bridge currency” [XRP] that they package to retail investors who buy on the assumption that they are front-running big bank purchasers.

2018-04-05 | Full Review

💩

NEO's "Ethereum but China" pitch reminds me of Litecoin's "Bitcoin but Scrypt" pitch in 2013. A long, dark winter followed.

2017-08-13 | Full Review

🔑

Super bullish on tokens that must be staked as part of ML tournaments, like proof-of-human-work. Aside from Numerai, who's doing it well?

2017-09-12 | Full Review

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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

🔑

None of them [blockchains] are fast enough for industrial strength. We have one that just started called EOS, and that will be one of the first fast blockchains. One of the reasons why I think EOS has a shot is because it has a $5 billion-$6 billion war chest.

2018-06-06 | Full Review

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