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RE: My theory on how EOS will attempt a hostile takeover

in #crypto2crypto6 years ago

I agree this is possible due to poor liquidity but I don’t think it likely. I believe Dan wants to kill Ethereum technically, not by market cap. I think he wants to prove he has developed a better product rather than simply saying it’s worth more. The ICO is already much more successful than the ethereum crowd sale. I think EOS could replace ethereum as No 2 crypto. It will be difficult due to ethereum first mover advantage and the Dapps already live on their network but given the hype surrounding EOS I can see it happening unless a huge technical flaw is discovered in EOS. Even then, ethereum recovered from the DAC fiasco so anything is possible!

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I agree. I believe this will come down to who has the better tech, but not everything will be played as fair as you would assume.