Is EOS going to be a major threat to Steem/Steemit and if so, how soon?

Question originally asked on Musing.io - Click here to see other answers

EOS is an alpha product, even the main net is not out, therefore is like comparing an ideal product with a current product.

EOS are same as Bitshares and Steem, used graphene blockchain at the bottom and DPOS on top of it.

I personally really thinks that what EOS want to achieve are different from what Steem,

Since @dan is the creator of graphene blockchain, let's talk a bit about his motives.

Bitshares

He created bitshares because he want to solve decentralized exchange issue.

Steem

Steem is different thing from bitshares, which based on "proof of brain". I would say steem created a new decentralized app similar to medium, and a lot of innovative dApp are build with it.

EOS

EOS is a blockchain project that plans to bring Smart Contract from Ethereum into Graphene blockchain and DPOS. I had tried reading through the source code of developing EOS app, really like the idea of it.

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Back to the question, will EOS be a threat?

yes or no, nobody knows. If there is a decentralized app build on top of EOS with smart contract similar to steemit/steem, they need to market it enough to let people adapt to it. So, EOS itself wants to achieve different goal compared to steemit.

I would say it would be an indirect competition?

Disclaimer: All written here are just my thoughts based on my experience developing decentralized app with Steem and Ethereum.