Agreed. EOS is but a glorified idea on paper as of this point. No proof of the technology has been built at all. I'm bothered by this $1B+ valuation it is already receiving assuming all tokens sell through for at least USD $1. It seems ridiculous.

However, the general rule at this moment is ICOs tend to generate a multiplier effect on the amount invested.

From a speculation standpoint people are walking out with profit galore as long as they sell within the first couple of days of the coin hitting the market. Really a sad environment to be in right now.