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RE: EOS Token, What Are You Buying???
Yes, I am very curios about this too. Hope anyone knows about this replies. Thank you for risking this important issue.
Yes, I am very curios about this too. Hope anyone knows about this replies. Thank you for risking this important issue.
How would you think about the following statement in 'Technical Whitepaper'.
"Block producers publish their available capacity for bandwidth, computation, and state. The EOS.IO software allows each account to consume a percentage of the available capacity proportional to the amount of tokens held in a 3-day staking contract. For example, if a blockchain based on the EOS.IO software is launched and if an account holds 1% of the total tokens distributable pursuant to that blockchain, then that account has the potential to utilize 1% of the state storage capacity."
According to this statement, there are uses of Tokens (while I am not sure if a work 'Token' indicates EOS tokens or tokens of other blockchains running on EOS.
no uses, purpose, attributes, no currency ... I´m confused. can please anyone clarify.
The originator of the currency often has a purpose they wish to fulfill, e.g. do Artificial Intelligence research, provide co-working spaces across the globe, or create a credit card powered by Bitcoin, and they explain this in their White Paper.
Some believe a cryptocurrency has to have some purpose if the cryptocurrency is to have value; while others believe that all you need is a ton of users (coin owners) who all just simply believe the cryptocurrency has value.
When you look at the old-style fiat currency (like dollar bills or Pounds Sterling) most people give those pieces of paper some value by just simply believing it is worth some value - its a community agreement to accept & use such pieces of paper in exchange for goods and services.
I believe the purpose of EOS was to also provide blockchain developers an easy to use framework to create scalable feature-packed blockchains. So you can consider that the crowdsale is more-or-less a charity.
I've been following their source code on the Git repo for a while and it's truely revolutionary stuff.. If the EOS blockchain does come out, then you will be seeing other developers forking it and creating their own.. And I think for that mission, (ie. creating a framework for scalable blockchains) EOS is of interst to me.