Buy EOS & Sell Off Steemit?

in eos •  last month

No, so many shares are held by top whales EOS is already centralized. Witnesses will be picked not elected and its not even legal to buy EOS or mine it if in the U.S. or Canada. Here you can see one of the "voted witnesses" is already decided & advertising to mine for them. You can mine in the pool if not in the U.S. or Canada really...Of course like EOS they missed their launch date of 7-3-2018 also.

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CoinCheckUp.com

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crypto tokens created by Block.one's $4 billion EOS initial coin offering (ICO) are locked up until the network elects 21 "block producers" (the equivalent of miners for the new network), and as that still hasn't happened, currently no one can start using EOS just yet.

As it stands, the blockchain will go live if 15 percent of all tokens – an equivalent of 150 million – are "staked" in a vote on block producer candidates. Staking tokens allows EOS holders to vote for up to 30 block producers – the groups in charge of verifying transactions – and votes are weighted by how many tokens are staked.

"Some of these [block producer] candidates in the top 10 came out of nowhere. How they got in the position they are in is pretty obvious – they had a lot of tokens (or access to them) and voted themselves in," he said. "It's a whales' election." source

What this means is the worst of steemit are gone to EOS, now we can get to work, we are now voting in new witnesses so let focus on strong Dapp developers and developers that can improve steemit not some asshole with alot of SP or current witnesses looking to build on EOS! This article also points out these sellfish whales hodling their votes and not staking enough EOS are the reason it is not launching still. (Maybe they don't want the world to realize they are a bunch of hacks And can't develop anything, therefore stopping the price from crashing?)

EOS is not any of the above. The project is ambitious, technically quite interesting and generally looks promising. The problem is that they entered into their ICO without a completed project. This has become increasingly common for ICOs but it should represent a real problem for investors.

EOS launched a crowdfunding campaign without any product, because of this they had to create a token with no practical use on another company’s platform that users will potentially be able to reclaim at some point in the future if the project is a success through a fairly arcane process. Despite this the EOS token is still holding steady at around $5 per token.
-John Oliver

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the worst shilled it and seem to have jumped on it, so see ya'
already seeing a better crew emerging not having to deal with teambad......trust us, the big dogs know who they are....adios

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Steem and Steemit are different things, side note

@ripperone thanks for the upvote, great timing for curation but so many vote me early you need to come in with $4-7 to get most. 😘

this is a great informations
thank you for sharing
resteem

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Thank you

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welcome friend

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just added a quote by john oliver that is interesting

Nevertheless, whales remain, perhaps "greenpeace" protects

Team Good Alpaca loves this post! Nomnomnomnom!
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Delegate to our project via SteemConnect:
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I'm still holding out for some awesome blogging website to turn up where you can get cryptocurrency rewards for your blog posts.

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#thealliance #witness

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I see what you did there

You buy this here. EOS is going to be YUGE. I am a believer in Dan and betting on that guy just like I would bet on Steve Jobs or Elon Musk. The guy is a winner and EOS is fast as shit at processing. A long way to go and everything isn't rainbows now but they will pull it together

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and then came AZURE which is knocking the stuff set by EOS outta the park
of course it's okay to have diff opinions and preferences,,,, makes the world go round or whatever lol

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Your gonna have to give me more than that! Link me a good Microsoft Azure link

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https://cryptoslate.com/microsoft-unveils-new-ethereum-blockchain-as-a-service/
moar 2 come
I hate leaving links but this is for the greater good and I'm friends with dynamicrypto so will get a hall pass :P

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and Elon is having a trio going at him soon enough, I know Audi and it's 2 others......we certainly live in interesting times Snuffles!

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Nice, i like links, even steemit ones

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Yeah but they cant transact that fast on something that is not built yet...

@dynamicrypto, Yes, no matter how many flaws or drawbacks have this platform, but no one can deny that it's more effective and only one platform in the Crypto Sphere which travelled so far with practicality and gave opportunity no matter professionals or non professionals.

In my opinion Steem will going to move towards the upwards because now there are so many Communities are born and now it's really close to impossible to look back.

So in my opinion it's time to enjoy the Steem ride and most awaited announcements also released so, now just we have to be patient.

Wishing you an great day and stay blessed. 🙂

You got a 4.80% upvote from @postpromoter courtesy of @dynamicrypto!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

Whales will own everything thats why they are called whales. I still think EOS and Dan are a amazing team. Just watched them talk about the project on youtube. He doesn't seem like he is the type to just be part of something without following through. It will take awhile but I do believe in him because he has developed STEEMIT and BITSHARES. These two projects are well known and are more than most ICOs have to fall back on within the experience in Blockchain. Cheers .