RE: EOS ICO Explained - Full Details of Token Issuance
Great in depth, nuts and bolts information as always. Appreciate your honesty about needing to be well versed before investing in the EOS ICO. I've watched all your videos on EOS Ted which have been incredibly informative, is there any videos that specifically deal with how to use private keys with funds you'd recommend?
One point you touch on that I feel is extremely important is the amount of transactions that Steem and Bitshares have. Dan is doing something very right. I look at the amount of transactions as showing a coins true long term value b/c it's solving a problem. People use things b/c they're comfortable with it and trust it, otherwise they wouldn't use it. The more something is used, the more valuable it becomes. He's already had 2 incredible successes and I have some serious fomo going on now with EOS. Looks like I have a lot of learning to do this weekend on how to use private keys with funds.
This is the best video I have on it. Just be sure to save the private key, back up the private key somewhere you wont lose it... and if you used myether wallet to send to the ICO and you have your private key, then when the ICO trades live in 1 year, you will be able to either send off the EOS tokens from myetherwallet... if not, you will able to talk to someone to tell you how to recoup your EOS with the private key. Never share a private key, and always keep a secure backup of it.
I do some of my backups on a USB stick, that works. Works better if it is an offsite USB stick.
Really appreciate this! You go above and beyond. There was a ton of great information in there and a lot more to it than I thought. Have a great weekend!
There was a detail I missed @orionschariot ... made a video about it today. EOS has additional steps in the fine print. Need to claim your tokens and register you public key with their contract. Complex stuff for all but the super-techy, but it's in the video on my blog on steemit, just watch that if you were going to put any money into it.
Thank you for pointing this out. There really is quite a lot to learn. I'll need to go over the steps multiple times to gain a comfort level before the offering. Thanks again!