They have more than enough money. Its just my opinion but the fact that they won't start working until the ICO ends is a red flag to me. Hopefully I'm wrong but I'm the type that follows his gut and right now my gut is not haapy about EOS and the absurd amount of money going into it.
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I respect your opinion, I don't think they are waiting until the ICO ends to start working on it. Dan in an interview said that this month EOS will allow developers start working on their blockchain. Business are about making money and that's exactly what they are doing. They figured the best way to run an ICO and get the most return. If they would have dump all the pre mine coins at once it would not hold the value and by the time the project goes live the token is worthless. At this rate EOS will surpass Bitcoin on market cap value. Very greedy indeed but who here does not want to be a millionaire?
If EOS is going to surpass BTC at the current rate of investment (17k Eth/day), doesn't that imply that is't very likely to lose a lot of that investment going forward until it is valued more like a typical top-25 alt coin?
Good point, I don't think it will loose value because ETH will get more expensive and it will cost more for investors to get the token in the ICO distribution pushing the price of EOS up
Lets see what happens. I didn't mean to sound snotty I just couldn't find a better way to word my thoughts. I hope EOS works but the sceptic in me will just wait it out.
I really like that you expressed yourself as this is an open debate. No worries at all and thanks for commenting.
@feelsomoon, I share the same concern as you. Even though I put in some money to it at the initial ICO, will wait out before investing more. The whole cryptocurrency trading has become really crazy for me. I believe in the technology behind it but the up and downs are really off the chart.
It is true that is a little crazy lately, but this is a great opportunity to analyze the coins that hold value (Litecoin for example) and the ones that don't (like Ripple). If you want fast grow cryptos are for you but if you are looking for stable water maybe gold and silver are a better option.
I agree that Cryptos could potentially grow your asset overnight. Everything has double blades. It could also make you penniless. Only invest in something that you really know. I am a newbie to cryptos, I heard a lot stories of people become rich overnight also many losers. Need to make your own decision instead of simply following others. Just my theory.
True that, you have to be very careful. This is the Wild West of the internet era.
I echo your sentiment; the eos token is not the token that will be used once eos is up and running; we are supposed to trust that they will honor this token when the change takes place?
I felt like this before and I understand your point and his. You need to hold the keys and save them to transition from the ETH blockchain to EOS. I don't like it either but by that time EOS will be $30 per token so I'm not waiting until EOS make that move and gets overhype. Nothing comes easy when it comes to cryptos.