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RE: ETC Mantis Release & Market Behavior

in #ethereum7 years ago (edited)

My biggest concern with EOS is that there's absolutely no legal guarantee or requirement in any way that the current ERC-20 EOS tokens are going to be converted or redeemable for actualy EOS tokens in the future. If that were a faint legal loophole to allow an ICO to occur, I'd undertand that, but they won't allow US residents to partake! Odd.

I'm excited for the platform in every way, but the purchase agreement makes me view the current ERC-20 EOS token to be essentially worthless.

There's a lot to be gained from tomfoolerly like that, especially if the platform is as revolutionary as it plans to be. The combined potential market manipulation ability of a project of that size with that legal language and off-shore structure, in addition to it's technological potential, could make for game changing market moves at their whim.