Why ETH is going to Crash vs EOS
Our software company started investigating blockchain last year for Dapps and other opportunities. Ethereum was quickly eliminated as a platform due to it’s slow speed, low transactions (couldn’t even handle CryptoKitties), and high cost of transactions. In fact, after over 3 years, ETH ONLY has 5 applications with 300 or more users….basically it’s a horrible platform. We are honest developers in business for over 30 years so we could have gone down the route of an ICO, but it was way to much fraud, dishonesty, and scam coins that we eliminated that as an option as well…..so we kept looking for a suitable platform. Other companies who got involved in blockchain earlier, probably committed to ETH making it difficult to switch….exactly like the “Innovators Dilemma” were companies adopt a technology and find it very hard to adapt to new and better technologies.
After ETH was eliminated as a suitable platform, we found EOS and to some extent IOTA with no user transaction costs, fast speeds, and scalable solutions. Most importantly, EOS, has governance with a constitution to join and written (Ricardian) contracts that go with the programmable smart contract so that unintended consequences could be defended in a court of law in the real world. I feel this is one of the MOST important aspects that will move EOS into real world applications and reduce the scam ICO’s. On EOS, honest developers will have a real opportunity to create great products. In less than 3 months since launch, EOS has 3 applications with over 300 users (vs ETH’s 5 in 3 years), with many applications in the pipeline. The smart and honest ETH ICO companies are making the shift rapidly to EOS and other 3rd generation blockchains. Not only am I seeing these announcements online, I’m also receiving Airdrop and Airgrab tokens for most of these new products.
So the Fundamentals of ETH are horrible and the fundamentals of EOS look very solid. Now let’s look at what the charts are showing:

EOS/ETH charts look like EOS is ready to take off versus ETH. How about ETH versus Bitcoin BTC which also looks very bad for ETH:

USD/ETH or 1-ETHUSD looks like a cup and handle pattern showing an upsidedown bullish pattern for ETH…in other words very bearish for ETH.

So ETH fundamentals are horrible, charts look bad…but that’s not all folks! ETH has a been promising Casper to release in Oct 2018 but last I heard it won’t be ready until 2019 and there is some kind of time-bomb to shut down ETH network see Cryptoverse YouTube. Sounds horrible to me! In addition, even when ETH Casper arrives it will still have high transaction costs and I doubt it will be as fast or scalable as EOS.
So what happens if ETH price starts going down? First, all ICO companies will need to sell ETH and move to a 3rd generation blockchain platform which will further erode the price. I also heard that if the price goes below $200 per ETH it’s no longer profitable to mine so all the miners stop mining. So if the time bomb doesn’t kill the network, lack of miners definitely will.
All ETH Dapp developers, please comment why you would still be possibly creating solutions on ETH???? I really don’t understand how any honest software company would be spending any time on the ETH platform since I can’t think of a single application that wouldn’t be better on EOS.