What are your thoughts on blockstack.

I recently reviewed the whitepaper of blockstack. I am curious to read your thought and analysis on the project.

I care particularly about:

• what are the technological innovation, how is it better than its competitors (ETH, EOS etc)
• what do you think its long term success will be and why
• what about the token economics, over economics of the system and how value is built and created

Update:

as of now I have not really learned much from the responses, so the bounty is very much up for grabs still. I have so far just upvoted the first responses, but I don't feel they have done a good job analyzing the value and potential blockstack