The Crypto Transaction Fee Apocalypse, will legitimize EOS
As crypto begins to target new all-time highs, the average crypto user is beginning to feel the growing pains, in the form of higher transaction fees, and as the entire crypto market continues to climb on to new heights, the likelihood of higher prices being paid in future.
Will likely result in a significant pricing out of average retail crypto investors, which will probably move much of the current decentralized exchange volume onto centralized exchanges.
And this video I will give you my top three reasons why EOS main-net is best positioned to take advantage of this golden opportunity, to capture the lion share of these future priced out users. OK now let’s get started.
Number one, EOS IO Derivatives, I’m sure it will come as no surprise for anyone that has been trading and engaging on EOS defi applications, on what a pleasure it is to use, over its legacy counterparts, EOS-IO defi is quite literally not even legitimately in the same league, of any if it’s legacy blockchain competition, currently operating outside of the EOS IO ecosphere.
To be completely blunt, the difference is like a car comparison between, an old model-t, versus a modern, formula one race car. I’m always very surprised at how many current modern day crypto users are so unaware of EOS-IO blockchains remarkable capabilities, I could understand it more when the EOS blockchain first launched, but seriously, now it’s becoming really sad, that so many people are still so willfully ignorant, about certain aspects of EOS-IO nearly 3 years later.
There comes a time where even the most willful of individuals, must eventually become intellectually curious, about certain aspects of the competition. And this is why the EOS main-net blockchain will have a significant advantage in the next up and coming months, of this bull run.
Most crypto users are already using many forms, of what generally amounts to crypto-based derivatives, on many different platforms like, Ethereum as well as others, these crypto derivatives are allowing crypto users to take significant portions of trading, off of their original-chains, and trade them on faster, and much more nimble counterparts, like in the case of Ethereum, and its Wrapped BTC.
And yes, we see the same thing happening with EOS as well, with the integration of PBTC. PBTC is already within the top 20 of EOS main-net tokens, and as more BTC are locked up to create more PBTC, the market cap of this token is only likely to grow overtime, within the EOS-IO Ecosphere. As blockchain transaction fees continue to go higher with time, this will likely naturally push many retail traders towards platforms they can still engage in opportunistic crypto trades, without the huge setback of paying significant amounts in fees. And as a result, many crypto traders and holders will likely find their way into the EOS-IO ecosphere, regardless of the minor friction, of paying for an EOS account, and the largest portions will logically gravitate, towards blockchains that have the most liquidity available.
Number Two, Significant Liquidity, in case you were wondering, liquidity plays a huge factor, in how much money gets brought into a network, there are many factors like congestion, which is usually the most publicize factor, that most blockchains deal with. But what I’ve noticed, that is often overlooked, in many conversations, is the roll that liquidity plays with then attracting new investments into a blockchain.
After all, if you are a multi-billion-dollar company, and you’re looking to make a significant investment into cryptocurrencies, one of your first concerns is going to be how much liquidity does the blockchain and question offer, after all if there is not enough liquidity how can the company and question maximize opportunities or even remove investment if the liquidity is too low? I would be the first to tell you that technology is certainly not the end all, to be all, there will always be a composition of several things, that large institutions use to consider what investments they will hold.
But one thing is for certain, and that is liquidity will always be a part of that equation. Now ask yourself, what EOS-IO chain, has the most significant liquidity, currently within the EOS-IO ecosphere? And of course, I am talking about EOS main-net, therefore I believe that EOS main-net will likely attract the largest portion, of incoming EOS-IO investment from retail, as well as institutional crypto holders. Now to be clear, this does not mean that there will not be plenty of new capital, to go around for other EOS-IO daughter and sister chains, but they’re investment portions will likely be divvied out based on their liquidity.
Number Three, Upgrade to the Power up Model, last but not least, the currently hot topic within the EOS-IO ecosphere, and that of course is the proposal of the power up model. Which for the record I believe that it will have significant beneficial impact on the EOS-IO ecosphere, and particularly EOS main-net, especially when it comes to congestion of, near-spam-transactions, but with some improvements we make, comes some cost.
I suspect that the cost of this upgrade, will be likely paid in the lost perception, of no longer being seen as a feeless blockchain. Of course, I believe that ultimately fees, will be so low that most will not even consider it significant, but I think it is likely that EOS main-net detractors will likely have, something negative to say about it, and they will try to make it seem like a bigger deal, than it actually is.
So, prepare yourselves, for the possibility of a new round of FUD, we have seen it before, after all our collective detractors, must find something to blow out of proportion, or else we may garner too much positive attention for their liking. Either way, in the end, it will not matter, EOS is continuing to move on and improve with time.
Yes, sometimes we have setbacks, and also sometimes, we have great leaps forward, I believe this is a significant step forward, in the right direction, and will likely make using EOS main-net, much simpler than the current model we have today, and believe me simple is good, complexity for the sake of complexity, can often be a double-edged sword, as we have seen in the last 3 years.
After all who’s to say that if we had a much simpler approach from the beginning. Hypothetically, how many users could we have, been able to retain, ultimately, we will probably never know if this had any significance at all, but it is something to think about either way. But to restate my point, simple as good, and moving towards a much simpler model, will be advantageous towards retaining users and future. And I think that everyone within the EOS main net community can most certainly get behind that.
To all Eos holders, it’s time to power up.