EOS Mini Series - Part 6 - The Potential Danger Zones Of EOS
This is part 6 of a mini series I shot with Kyle from The Awakenment YouTube channel https://www.youtube.com/channel/UCphVYR2CHULYHf59ZSQMEag In this mini series we talk about the EOS cryptocurrency, blockchain and smart contract platform created by Dan Larimer and Block.one to be 'the Ethereum killer'.
I have chosen to talk about this today because they have just launched a proper landing page to use to promote Utopian.
Like I said in the prologue, imagine GitHub but with cryptocurrency rewards. I’ll show you inside the Utopian platform in a minute but they even have a ‘sync with GitHub’ feature which is a big plus.
So we know that an ever increasing percentage of software is open source, and the main reason for that I would say is trust.
The second reason I would say is crowdsourcing creative ideas. Or as Utopian puts it on their landing page ‘collective intelligence’.
Utopian isn’t just for programmers however.
If we scroll down to the moderators section, just above that we see all the categories that contributions can fall into.
So translations are valuable to open source projects, as are graphic design skills, and the category that I would be most likely to submit to… video tutorials.
Then they have human moderators that earn rewards by doing quality control on submissions and ultimately the platform sustains itself by taking a percentage of the rewards as a fee.
It says here that 5% of the total rewards go to pay the moderators for example.
[click rewards menu button]
And if you’re wondering where the money comes from, it comes from the Steem blockchain.
If you’ve been following me for any length of time you’ll probably know what Steem is because I post all of my content on there, if not it’s a blockchain platform that allocates newly created currency to people based on how the community votes.
The Steem community votes when they believe someone has added value to the Steem ecosystem and then that person gets a share of newly created Steem.
This ecosystem is now starting to flower into lots of sub-communities consisting of other projects built to make use of this rewards system.
These are all listed under ‘Choose a project…’.
Now let’s take a quick look inside.
Like all apps built on Steem you can log in to all of them using the same Steem account, just like when you see the option to ‘Login with Facebook’ for example.
Here on the right is that Sync with Github tool I mentioned earlier, meaning you can suck in your existing Github entries rather than starting from scratch.
And then you’ve got this horizontal scroll bar to filter entries by the category they fall into.
To my mind this is still hard to navigate but Utopian is also still in it’s early stages so I’ll cut them some slack on that.
The funny thing is that you can use the Utopian platform to submit suggestions on how to improve the Utopian platform. It’s a self evolving system so to speak.
If I want to make a submission I just hit the contribution button, select the category, accept the rules and away we go.
Another crazy f
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**On Today's Episode Of The Cryptoverse:**
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**On today's episode of The Cryptoverse:**
OpenBazaar 2.0 has just been released in beta, and a great time to buy Bitcoin as ‘unreliable sources’ from China spook the markets.
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Welcome to episode 2 of a brand new series I'm calling 'Invest With Me!' a show where I pledge some money to an ICO live on the air with my own money.
This is the recording of a livestream that began 30 minutes before the ICO opened and I will covered what happened, as it happened.
This show is designed to serve both as a demonstration of the process as well as pure education and entertainment. The ICO was so popular I wasn't actually able to make my investment.
Nothing in this show is intended to be investment advice.
This video was NOT sponsored by EOS and no one from EOS will be featured in the show, it's just you and me.
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**Sources:**
The EOS Project Website
https://eos.io/
The EOS Whitepaper
https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md
Steemit Article By EOS 'Logically Consistent Principles for Token Distributions'
https://steemit.com/eos/@eosio/logically-consistent-principles-for-token-distributions
Bitfinex blog post regarding the EOS listing:
https://www.bitfinex.com/posts/208
Frequently asked questions about EOS:
https://eos.io/faq.html
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