@nickyhavey,

Hey Nicky. How's the Southern Climes? Has that white English hide assumed a tan? ;-)

OK, all my views and predictions are based upon a predicate: That a Facebook/YouTube alternative where you get paid to create, comment and curate ... is a HUGE idea. The ultimate in Killer Apps.

HOWEVER ... is has to be real. There must be a rigorously enforced Central Premise, that: Content Shall Be Compensated Commensurate With Its Quality. There can be no cheating. And that means no bidbots, no multiple-account-self-upvoting and no fat wallet circle-jerks.

STEEM/Steemit is a Cheaters Paradise, a veritable Den of Thieves.

As I mentioned elsewhere:

Corruption triggers a host of negative feedback loops and prevents positive ones from being established. And, it's the force-multiplying effects of the feedback loops that make or break any complex system. You can't just look at First Order Effects ... you have to look at their derivative consequences.

Now, in all honesty, it's not JUST a matter of building an honest marketplace. People also have to know about it. With thousands of cryptos, it's hard to be heard amongst the din. So, how do you solve that problem?

The report added that Block.one had about $3 billion in assets including cash and investments at the end of February, based on a March 19 email Block.one sent to shareholders and seen by the news outlet. Block.one is also holding as many as 140,000 bitcoin, the report further said.

https://www.coindesk.com/71-million-galaxy-digital-sells-stake-in-eos-blockchain-maker-block-one

That's how.
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And with Facebook launching its own coin in a couple of years time, can you honestly say this small fraction of the online world in steem and eos is going to compete with that?

From what I've read, Facebook will have a coin much sooner than that. In any event, huge warchests, while extremely advantageous, are subject to the Law of Diminishing Returns ... Facebook overtook MySpace and Google overtook Yahoo. EOS is an ecosystem, Facebook is not (although I'm not in any way discounting the potential of Facebook's Global Coin), and that provides it a much wider breadth of opportunities. If I were a betting man, at the moment I'd give EOS odds over Facebook.

In my opinion, everybody's analyzing the wrong things. I couldn't care less about what Cypto Gurus think. I care a great deal about what Goldman Sachs thinks (and EOS is surrounded by Goldman Sachs alumni). I couldn't care less about how many DApps a blockchain has. I care a great deal about which blockchain is first to secure a functional derivatives market (call and put options). The days when coders are the Big Honchos in cyptoworld are quickly coming to an end.

And then what? We have a smaller user base as 100% of users will not move over. Half might, or the majority might for a month or two but it involves starting everything from scratch,

@dan has said that MEOS will have the ability to import content from other platforms (and I presume that specifically includes Steemit). I don't know about you, but I'd be thrilled to get a second chance to get paid on my Steemit posts. And starting over ... if large numbers of Steemians open MEOS accounts, your Steemit network will remain largely in tact following a move.

... and then KYC type checks to get a blog profile? You don't have to do that with Facebook or Twitter, just 2fa and away you go.

If Facebook launches Global Coin you will. In the end, no crypto will be functional unless it's KYC and AML compliant. It would be blocked from exchanges and the real world financial system. This is how the US destroyed Offshore Tax Havens ... it froze them out. And, in the end, every one capitulated, even the vaunted Switzerland.

Quill