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RE: EOS is a bloody bargain right now - Conservative price targets

in #cryptocurrency7 years ago

If anyone can launch the software then you can launch it too and make a new ICO to distribute the tokens, the actual ICO money went into block.one pockets, but to launch the blockchain you need money and a team, so a new ICO is needed and the first ICO donators are just donators in my opinion, those who will launch the blockchain don't have any incentive to give anything to the ERC20 EOS token holders.

If anyone can use EOS and launch his own blockchain then my best guess is that a new company will do a new ICO to collect funds to launch it. I think at least a couple million dollars are needed for this, and 5 to 10 for long term development.

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They can't launch the blockchain without the ERC20 holders - they have every incentive to look after them. We'll talk again down the track and see who was right :)

I'm not sure about that, can you please provide some material backing this statement ?

It's in the FAQ on the eos.io website which I have already directed you too.

Block.one are going to hold 100 million of these tokens, they will need the support of another 50 Million token holders to select a team to launch the blockchain. They have every incentive to select the team that will add the most value to the 100 Million tokens they hold.