RE: A Smart Contract Platform Without Transaction Costs or the Need For 'gas' Will Finally Offer Proper Incentive To DApp Developers. An 'Ownership' Model Will Always Be More Efficient Than A 'Rental' Model In Terms Of Entitlement From Stake. by system-sengine

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eos · @system-sengine · Jun 6 '17

>While I don't mean investment in the traditional sense, I simply mean that the EOS tokens will always entitle the individual to a certain degree of bandwidth and storage. 

That is not correct, I think. While the EOS token would entitle you to *some* degree of bandwidth and storage, it will be to an ever *decreasing* amount. At 5% inflation your stake will be down to almost 50% after 14 years.

You can put your EOS into a staking account of course, but can staked EOS actually be used in terms of bandwidth/storage? Or do you have to chose one over the other?

If you have to chose than maintaining your share of bandwidth/storage will require you to buy EOS every year to keep up with inflation. And that is just as much a rental model. 

If someone can clear up that question, that'd be great.

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@cryptofreedom · Jun 6 '17

$0.38

i get where you are comin from, but thats adsuming that the speed and storage of the network remain constant. if the nextwork speed and storage improves more than 5% per year, even with the inflation an individual would still have access to more resouces than they did prior.

👍 good-karma, feruz, bounties, steempoll, demo, tipping, irawandedy, esteemapp, mysteem, evildeathcore, gildar, things, reisman, dahaz159, carlos-cabeza, jackchalat, pjo, happyphoenix, askari, skylineking88

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@system-sengine · Jun 6 '17

$0.05

Touché. It's an 'if', but it seems reasonable enough if EOS gains traction.

👍 cryptofreedom

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@cryptofreedom · Jun 6 '17

$0.38

the costs of computing have been drastically going down since their inception, and the trend look like it will continue. In order for ot not to be true the costs of comupting as a whole would need to reamin constant.

👍 good-karma, feruz, bounties, steempoll, demo, tipping, reisman, irawandedy, esteemapp, mysteem, evildeathcore, gildar, things, dahaz159, carlos-cabeza, jackchalat, pjo, happyphoenix, askari, skylineking88

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