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RE: Could EOS Be The Biggest Crypto On Earth? Top 5 Reasons Why
thx for the post, will the Eos tokens actually be used after the crowdsale, I remember reading that EOS tokens might not even be used?
Could you perhaps clarify that part, because I stopped being interested because of this :)
To clarify, EOS erc20 Ethereum tokens will not be used on the EOS blockchain. They will be used as a reference to allocate EOS shares/coin on the EOS blockchain. i.e if you own 10 erc20 Ethereum token, you will own 10 EOS coins when the EOS blockchain is released. The EOS coins will be powering the EOS blockchain, not the erc20 Ethereum tokens after the crowd sale.
yeah, that's as far as I understood as well
That's not a good reason to not be interested imo. If I'm not mistaken, EOS is the token that the Data centers will be holding and staking, as it runs on a delegated proof of stake system. Also, the ICO is running on eth ERC20 tokens which you can redeem into a my etherwallet
Is this written down somewhere? The price has been coming down quite abit and I agree for 1.36 it seems a no-brainer. But a lot can happen in a year of crypto. Also can't find where the end date is for EOS?
The need for such a long ico period seems wrong to me, if the reason is to give as much people a chance to buy it.
What is the other reason? Greed?
What company needs more than 500 million to start with?
Could something better than EOS be made within this time? Probably unlikely but possible. Also how easy is it for companies that are now working with Ethereum to hop over to EOS?
So since the biggest companies are already working with Ethereum, what will make them decideo to hop and is it reasonable to think they will?
I am very interested in investing EOS, it seems to good to be true and generally that means it is.
Lol, tell that to IOTA, starting out with 3 Billion. And yeah, the main reason is to give as many people as possible a chance to get in on it, rather than just the first 5 days based on whoever heard about it first. Can something better be made? No. Not with people like Dan Larimer who works 25 hours a day with his team getting it up and running as fast as possible. I don't actually think thaaaat many people will hope over from eth to EOS. They're kinda different. One is for building apps like steemit, and one is for building older type's of platforms. The key here is that EOS can run on web assembly, which lots of people already know, whereas eth has a group who learnt solidity in order to code on eth. Ultimately, it doesn't even matter how good the EOS software is if they can't build a community behind it, and I think it's safe to say based on steemit, that Larimer knows a thing or two about building communities. Furthermore, EOS can build dapps that are going to go mainstream and be the facebook's and twitter's of the future where users get the value they bring to the platform, just like steemit, so I think EOS has unreal potential.
Thanks for your answer, IOTA started at 3 Billion? holy crap, didn't know this so the price tumbled after that?
So if EOS a different to ETH, which one actually has most potential in terms of mainstream adoption?
I need to read up more, but is EOS mainly for social type of networks where or wcan you think of other applications that could work on a similar basis as Steemit?
Sorry for the questions, but I am very much looking at where I want to put my investment in next.
np, no they didn't start out at 3 bill, that's just the number they're touching these days. Eth has 0 potential for mainstream adoption :). You really need to know about cryptos and where to store cryptos and a thousand other safety and security things in order to get into eth, whereas eos will be for grandmas and little kids alike