RE: How to mine EOS coin
I think the idea of EOS as an operating system is amazing. It is definitely an ethereum killer. Please help me understand the EOS business model. I guess that the reason why people are buying EOS tokens is to make returns. What are the transactional value of EOS tokens, will there be an EOS coin that you change your tokens into? Ethereum require you to buy Ether to transact or set up smart contracts. EOS is free to transact, therefore as an operating system, what return could you as an investor in EOS possibly make. I understand that speculators are hoping for an increase in token value, but if the tokens cannot be used to transact on smart contracts, what is the point in tokens? I've read the terms of the ICO and it would seem EOS don't even know what use a token has to an investor, other than being a donation to developing EOS. So if I bought a token in EOS today, what would this be useful for later on? If you cannot answer this question, probably best to research some more.