Miners vs BP’s
Bitcoin Has 17 mining Pools. 4 of the 17 have more than 10% of Hash power totaling 61% of the entire Bitcoin Blockchain.
Try voting BTC.com (27.2% Hashing Power), AntPool (23.3% HP), SlushPool (11.3% HP), and/or ViaBTC (10.5% HP) out of there mining role. Not going to happen. The Voting system doesnt exist.
Eos Has 21 Block producers. All 21 BP’s have equal share and can be voted in/out of the BP role by the community (the average person holding EOS tokens).
SUPPLY
Bitcoin Doesn’t have a fixed supply or 1 community. Although it looks like it on the surface with 21,000,000 coins. Take a closer look. Every fork that happens is technically a token increase and new community. To name a few:
Bitcoin: 21,000,000 coins (Original Community)
Bitcoin Cash: 21,000,000 coins (Community Forked from Original)
Bitcoin Gold: 21,000,000 coins (Community Forked from Original)
Bitcoin Private: 21,000,000 coins (Community Forked from Original)
Bitcoin God: 21,000,000 coins (Community Forked from Original)
Bitcoin’s Real Total supply: 105,000,000 coins
Bitcoin now has 5 communitites (mainly developers and programers) that can’t agree on decisions causing a fork of the blockchain and community.
I say bitcoin has a total of 105M Supply because every Bitcoin holder received each forked Coin for free (Inflation). This is one big reason why I think BTC is struggling with price, adoption, and inovation. But that’s for another topic.
Ethereum doesn’t have a fixed supply. They started in 2015 with a little over 60,388,000 Tokens (CMC November 2015 SnapShot) and Today are at 100,009,055 (CMC June 2018 SnapShot). That’s a 39% token increase in just 2.5 yrs.
EOS doesn’t have a fixed supply. The inflation rate is up to 5% yearly. That’s up to 50,000 new tokens yearly to divide between all 21 BP’s. In 3 yrs EOS should have a max of 1,150,000,000 tokens.
If you think your calculation of $2.5M Paid to EOS BP’s is a lot. What about the Millions of $ the Top 4 Bitcoin mining pool Operators have and are making? Not to mention all the scams created by this form of consensus (POW). The 17 mining pools control ALL bitcoin transactions and fees along with decision making. Mining has been taken away from the people.
Thank you for your opinions on EOS but your missing the entire point on what has been created for you and the people. EOS is the evolution of Bitcoin and Ethereum. EOS is the 3rd attempt to bring sovereignty to the world.
