Click to copy, then share by pasting into your messages, comments, social media posts and websites.
Click to copy, then add into your webpages so users can view and engage with this video from your site.
Report Content
We also accept reports via email. Please see the Guidelines Enforcement Process for instructions on how to make a request via email.
Thank you for submitting your report
We will investigate and take the appropriate action.
▶️ TRON And EOS Are Mostly Just For Gambling | EP#225
Whether or not you like these cryptocurrencies, all their social media applications and projects outside of gambling are abandoned, unusable, or have such a small community that they are negligible when we look at TRON and EOS.
If we look at Dapp Review for the social category of TRON: https://dapp.review/explore/tron?category=6 we can clearly see more than half aren’t working, some aren’t English, and the rest are just messengers. Not a single social platform exists. You can also look at https://www.dapp.com/ or https://www.stateofthedapps.com/ and you’ll see that the majority of EOS dapps and TRON dapps are just for gambling. You can also check out https://app.co/ and https://dappradar.com/.
If you consider the games on EOS or TRON to be different from gambling, I respect that, but realistically it operates very similarly the difference just being that they pretty it up and make it more fun for you. I consider most of them to be different forms of gambling and I’ve tested many different games. Most people just lose money.
It’s more or less the same for EOS except any that were working to some small degree aren’t fully usable because for months now, EOS has had such high transactions on the network, that you need a ridiculous amount of stake to perform basic transactions. With more than $20 USD staked into my EOS wallet, I cannot even perform one single transaction due to the CPU usage being over 98%.
It really goes to show that the only viable networks currently for social applications are Ethereum and Steem. Regardless of how many transactions TRON can run which is 2,000 compared to Ethereum’s 25 and Steem’s 10,000, there are no dapps out there to take advantage of it anyways.
If you look at my previous multiple looks at EOS dapps in the network, you can see how lacking they are. Today we are going to revisit this and do a quick run through the non-existent social applications of TRON. Mind you, DLive is migrating to TRON, but DLive has been overly centralized and had many issues around it and though it will be their first actual social dapp, it is an egregious example of what a blockchain platform should be.
My first EOS dapp review: https://youtu.be/4Wyo7sDl-fY
My follow up EOS dapp review: https://youtu.be/oOxUuTHhIUo
My final re-review of EOS dapps: https://youtu.be/-Cyk_GnTc_U
Multiple videos explaining the problem with DLive: https://youtu.be/--ritc7liOw & https://youtu.be/Zq9E6WEK-VE
People have also been concerned about EOS being too centralized. The majority of EOS is held by entities in China prompting fears of state intervention
Considering it had a 4.1 billion-dollar ICO, it is pretty ridiculous how poorly the DApp market has evolved and many developers haven’t been able to make money contributing to the network demotivating and disincentivizing them to continue doing so.
Block.one is the company that launched the code is the largest token holder and could easily redefine the governance of the chain at any time which again is centralized, and they don’t bother to.
EOS founder was forced to pay 24 million dollars to the SEC and you can find one article on this here: https://coincodex.com/article/5339/eos-developer-blockone-agrees-to-pay-24-million-fine-following-sec-settlement-a-slap-on-the-wrist/. I suggest checking out this article for more information on this: https://www.coindesk.com/everyones-worst-fears-about-eos-are-proving-true
Let me know what you think. Am I way on with this? Feel free to point me towards some good working social platforms on TRON or EOS that are available right now and work regardless of the EOS transactions overload and CPU overuse.
Category | Science & Technology |
Sensitivity | Normal - Content that is suitable for ages 16 and over |
Playing Next
Sharing My New Year’s Resolutions | EP#224
Crypto & Things with Scott Cunningham
4 years, 3 months ago
Related Videos
Only 1 Non-KYC Crypto Exchange Amongst The Top Ten!
8 months, 2 weeks ago
8 months, 2 weeks ago
8 months, 3 weeks ago
Threads Review - Linked Accounts & Censorship
8 months, 3 weeks ago
Threads Review - Meta Verified Vs Twitter Blue
8 months, 3 weeks ago
Bank Reserves Could Hold 2% BTC in 2025
8 months, 4 weeks ago
Warning - This video exceeds your sensitivity preference!
To dismiss this warning and continue to watch the video please click on the button below.
Note - Autoplay has been disabled for this video.