Why you should put at least 10,000 dollars into EOS
If you are not privy to the innovations presented by the EOS platform, let me give you a brief introduction. Speaking strictly to investors however, EOS will be a money machine, and you can take that to the bank.
Let me explain
EOS is the third coin that was developed by Mr. Dan Larimer. He is responsible not only for the development of the Steem blockchain, but also Bitshares which can be described simply as a blockchain exchange. EOS, like Ethereum will be a platform for which other coins can come into fruition, but what separates it most notably from ethereum are two things in particular. And both make it the ETHEREUM KILLER.
Without question the most important aspect of EOS is the fact that like Steem, Bitshares and Peerplays, it utilizes a technology known as graphene. Graphene is thirty magnitudes of ten, faster than Ethereum. If you recall weeks ago when Ethereum went into the dumps, as a result of the three days of backlogs for transactions, Graphene would have been able to handle the three days of backlogged transactions in under a second. This throughput allows for real world scaling like we have not yet seen in terms of applicability. This leads strongly into the second part that makes EOS the ETHEREUM KILLER.
EOS can be written in any programing language. This is unlike Ethereum which requires its own (and untested) language. EOS allows anyone to be able to innovate on the blockchain in a reasonable way, where they can use the resources they have already developed within themselves, as a means of achieving a world changing coin. EOS is like the one coin to rule them all.
Sitting at a price below $2, without a question EOS is one of the most undervalued cryptocurrencies that we can currently buy. You can bet your bottoms end that EOS will be $1,000 within four years.
Thanks for reading, and Steem on!
Good info
Thanks my actual bro, glad I could convince you on this train.
I am also happy with this @extrospect
:-)
;)
This video from @sgtreport (https://www.youtube.com/watch?time_continue=1738&v=SydSQx-dYvM) has been posted a few times on Steemit.
To all the doubters, Justin the co-funder of Bitshares said this:
“The people who say that there is no product yet, Dan has built 2 of them if they think he’s not gonna build the 3rd one, they’re crazy. This is the one he always wanted. The other 2 were just helping him get there.”
I have not seen this video yet I will watch it now! all the doubters in EOS just don't understand how important it is. And btw, as if Dan is not a fucking genius who didnt learn more than a thing or two from his other two successful coins.
You really need to, it just sums up why you should not (entirely) listen to people saying EOS is a scam because they raise Ether token that have no "legal claim" over an asset, project...
Basically, you need to believe in Dan Larimer to invest in EOS.
In Dan I trust (IDIT) :D
IDIT !
Great post! EOS doesn't seem to have gained much in the very recent price jumps though. IOTA is the one to watch out for...
meep
huh?
meep
lol
meep
Hilarious!
@Iliketoast
I'm very keen on EOS, even more so now!
Can't spare 10k but have invested a good % of my crypto funds here, lets hope for the big time in the coming months!
That is awesome to hear I had even remotely an impact on your decision. As I mentioned to a earlier commenter, be sure to invest over time within 7 months before its release. theoretically it could drop as more are released daily and all the while, no use exists for 7 months.
Cheers :)
Yeah i was planning a gradual approach, looking for maybe an investment each month when it has a 'bad day'. So 6/7 months of that and should be set!
That sounds really great.
What if dan disapear or die ? Or if he stop all like with steemit?
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To the best of my knowledge, these coins exists on there own, without Dan doing a thing. Really good question.
I wrote an article about death and bitcoins actually, its a real thing. but for the producer of these coins, I believe they work without him living.
EOS is certainly interesting! I joined the ICO for a small amount and bought some extra later on. The downside of EOS is that there is no product yet, but even if they can't make their promise come true there could be some profit to made in the short term on speculation when ETH goes through a harder era while maturing. I wrote on this subject a while ago:
https://steemit.com/investing/@michiel/investment-idea-buy-better-ethereums
well the product already exists, it just is not usable yet, it is just tradable. Check out the post just below your post, Im watching this video now.
It's tradable because it's an ERC20 token ( ethereum ). There is no working product yet.
To be fair however, Dan produced the Steem blockchain in 2 and a half weeks flat (I know this from insider info). To think he hasnt made EOS yet seems unlikey, I believe it is more likely that he learned from his Steem and Bitshares launch, how to garner big capital before launching the product.
I think dan and his team are more than capable of finishing the project. Just quoting what is in there white paper
https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md
Keen, thanks.
Also, thanks a ton for the comment!
G'day. This is a great post but more importantly, the comments and interaction by everybody is fantastic. Everybody has an opinion and nobody is too judgemental.
How scary is that???
Anyway, I've got 100 EOS and I'm going to add when I can afford it.
You can never hav e enough!
Having a decentralized economy and government is great solution to slavery, mind control and corruption. Centralization has really failed the world due to the lust for greed and power. EOS is a great platform I look forward to invest for the long term. The more decentralized applications appear the more freedom is brought back to humans. STEEM, Lbry, stratis, EOS, Bitshares are just a tip of the iceberg of what we should expect in the future. Cheers for making the great posts.
Thanks so much for the eloquent comment, and I could not agree more. Cheers.
I disagree that EOS is an Ethereum killer and that it will reach a 1 trillion market cap in 4 years. But it will successfully co-exist along side ETH.
Just my own speculation.
I think that it will be the killer because it will be evident as it already has become, that it cannot support the throughput that is expected of it. Like when it collapsed because of ICO transactions as it could not support the amount of transactions. I do agree it will coexist alongside, but EOS imo will take a great deal of the ethereum market cap.
Just my speculation :P, thanks so much for the comment!
No problem , maybe you haven't seen this http://plasma.io/.
i would be very carful because the EOS tokens are not what will be used in the EOS blockchain the current tokens are ether based.
Yeah, I too am curious about this. At Least the tokens had been redeemed if purchased through an exchange however. If bought through an ICO to the best of my knowledge, the purchased tokens must then be redeemed afterword.
Still though, I suspect that the process would be painless, as was the case of redemption of Bitcoin cash for example. This is my sneaking suspicion anyways.
I love the idea of EOS and I do want it to succeed and maybe I'm being too cautious. but this time I am using my head over my heart. It things like this (below) in their white paper that don't fill me with confidence. I might jump in after the ico has ended, maybe I would of missed the boat by then but for now I'm investing big in the iconomi toxen ICN and their index fund ICNX.
"DISCLAIMER: This EOS.IO Technical White Paper is for information purposes only. block.one does not guarantee the accuracy of or the conclusions reached in this white paper, and this white paper is provided “as is”. block.one does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or noninfringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. block.one and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this white paper or any of the content contained herein, even if advised of the possibility of such damages. In no event will block.one or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this white paper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses."
"PLEASE NOTE: CRYPTOGRAPHIC TOKENS REFERRED TO IN THIS WHITE PAPER REFER TO CRYPTOGRAPHIC TOKENS ON A LAUNCHED BLOCKCHAIN THAT ADOPTS THE EOS.IO SOFTWARE. THEY DO NOT REFER TO THE ERC-20 COMPATIBLE TOKENS BEING DISTRIBUTED ON THE ETHEREUM BLOCKCHAIN IN CONNECTION WITH THE EOS TOKEN DISTRIBUTION."
Thanks a ton for this. I will be sure to look further into the specificity of this in particular.
Cheers.
no problem. The team are also sitting on a massive amount of Ethereum it's totally possible they could be buying back their EOS tokens to prop up the price. Also when they launch they could dump all the ether on the market and crash the Ethereum price. Just speculation but totally possible.
TBH, the true nature of those in the crypto space is speculation of gaming the system and security, so do not fight your instinct!
True and I love the excitement and how the industry is now moving so fast. Last year I dabbled in the stockmarket but i was frustrated with high fees and stagnant prices. The crypto currency market is exactly what I was looking for it gives me hope that I can make large sums of money so I can escape the rat race where we are all living as modern day slaves controlled by money and harvested for our time haha
With regards to the discrepancy between the ethereum token and the live EOS token, this is non-virgin territory for several coins. This is an effective and easy means of redemption and had been successfully implemented among coins including Peer-plays and Storj. This should ease any worries in this regard.
Cheers!
I agree that this seems to be a long term no brainer but most people seem more concerned with day trading, or at least very short term trading and as EOS is not due to deliver for approx. a year, I don't see its price rocketing just yet (unless its by the general crypto tide).
I did have a few concerns about EOS, namely the token not being the coin that will be used and that Dan appears to be a single point of failure, but I have come to terms with these and I'm looking to invest in the future, when I can find a suitable entry point.
thanks for the comment. I know what you mean about the one man show, but, these coins really are designed smartly in a way in which it can exist without him (persay). Time will tell, but I suspect the problems of Ethereum will be sweet pickens for EOS.
Tezos could also become a major competitor
I have heard good things about the future of tezos. Iota, eos and tezos are what I plan to get into when I figure out how it is done.