When I joined Steemit, I didnt have a clue about EOS. I soon heard so much positive buzz about EOS that I started paying more attention. Without researching EOS, I birthed a fantasy idea of what EOS might be.
After two weeks on Steemit, I had some vague idea that EOS was/will be the next project from the guy who did Steemit (therefore it must be awesome - because I thought Steemit was a revolutionary anti-establishment community where people would be fairly and justly rewarded for contributing. .......................).
I then reasoned that EOS would be valued greatly because Steemit is so awesome. I began squirreling ETH preparing to buy into EOS and become a millionaire or one of the first in on the next world improving thing - what ever it is.
Reality: Steemit is not valued high compared to many other coins.
I didnt know anything about EOS or Steemit or The founders.
Tonight, after continuing to see people pumping the EOS ICO, I finally went to the EOS site and poked around. What I found cannot be denied as it is the message from EOS it self:
Mainly it is, "Stay Away."
Let's look at what the EOS FAQ has to say:
US citizens, residents or companies should not purchase or try to purchase EOS Tokens.
EOS Tokens are not designed for investment commodities securities or financial instruments. EOS Tokens do not have any use, purpose, function, on the EOS platform.
3.Block.one will not be involved in transferring EOS Tokens. It is possible that the tokens could be transferred peer to peer or on 3rd party platforms during the token distribution. After 1 June 2018 EOS Tokens WILL BECOME FIXED NON TRANSFERRABLE on The Etherium Blockchain.
Block.one will not launch any EOS public open source blockchain platform.
Where do the proceeds from the EOS Token distribution go?
They are thee revenue of block.one.
so what is block one?
The evidence has been presented. I will not re-explain what I think the above statements mean - I feel they are clear enough.
This appears to be something different. I dont know what it is and I never did. But I think those looking to buy into an ICO and be pioneer owners and get good gains might want to look a bit deeper.