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RE: EOS - "Ethereum Killer?" Near All-Time Lows Overnight - $1.20 Amid Kraken EOS/USD Delisting - Coins Worth Taking Risks On #6 - Diversify Your BTC At This All-Time High
Done with EOS, why would an ethereum killer release an ethereum toke. Bad idea from the jump
So they were supposed to have the ICO on the pos blockchain without anyone staking? The only way to do that would have been mining until there are enough people to stake but that would lead to instamining, somewhat like bitshares. This was the best way to do it without controversy.
Look Dan should have launched the ICO on bitshares, the only reason he used an ERC was because it had more exposure. I dont think EOS is going to be unnsucessful but the terms of agreement for investors are a fuckin mess
Agreed on the final part. I think it's to avoid maximum liability, but it would also work if you were trying to scam. I think this is reflected in the price, but maybe the market cap is too high. Nobody can say for sure.
One thing we can say for sure was, if launched on Bitshares, it would be making probably 10% less in raised funds.
It would be making a lot less. There is also conflict of interests, some would say that this is only to gain exposure for bitshares.
One also has to remember that Dan is not the sole decision maker for EOS
Fair points all around. EOS, like any ICO, is risky. Ultimately this is still just a bet on whether the team will deliver. It's total vaporware, at least until test-net launch in September.
Well, the EOS chain doesn't exist yet, so this is a speculative investment on the success of the team.
As others have noted, legally the token entitles you to "nothing". That's why it's a $1.
Ethereum was $1 once too, as was Bitcoin. Similar levels of risk at the time, perhaps.