ICO hype fading to many scams, most of them are moneygrabs

Has it ever occurred to you maximalists that they will both succeed and fill different areas?

in theory they could, but ETH launched in the worst 2 year bear market so it has a strong, organically grown developer community. EOS launch during a peak hype period and attracted the worst community you can get in cryptos, which is unintelligent speculators with no concept of blockchain tech, so it doesn't really matter how good the EOS tech is, it has to survive being used and abused by its own community looking for profits.

but really, they've already proven that DPoS/permissioned/semi-centralized blockchains fails in the public sector. it would be great as a private chain but it's just not going to happen as a public one with untrusted ghost BPs getting voted in by whales and cartels. it would actually be perfect as a private institutional chain though.

EOS can handle more than 5 tps

you're right, but that comes at the cost of being centralized. all "fast" blockchains currently use centralization methods to increase speed, so only people who don't want decentralization benefit from EOS, currently. but when decentralization is taken out, what's the difference between EOS and amazon web services?

The exchange responsible for clogging the ETH was a mining exchange named F-COIN.

Incompetent BP's
EOS gave you the choice to vote for your BP's.
You have a responsibility to vote for competent BP's.

You need to provide sources of EOS cheating metrics.

Bitshares is a decentralized exchange for utility tokens and tokenized securities aka equity tokens.
Bitcoin is a currency-pair. I'm not sure how they related in activity-wise. Considering Btc can handle only 8 transactions per second and graphene 8000 tx per sec... it's logical that Bitshares will have more activity.

Ghost-town.
Look at the image. I received majority of the tokens.
Dapps that are being developed on the EOS platform don't require crowd-funding (few exceptions uncloak) read my post above difference between funding and airdrops.
This is why you don't see HYPE surrounding EOS dapps.

Attached: 1_S1G5wRfaooy-pU14prTbdQ.png (1100x1030, 421K)

The fomo game is proof ether is centralized bullshit too
A handful of miners control ether to pull a 51%, so this point is moot
Honestly all cypto is nothing but a novelty
But at least with EOS it fucking works, is fast, and free

EOS is gonna hit top 3 this year. Artificial intelligence + Blockchain + Insert Industry Here = Next financial revolution

Attached: 14.w529.h352.jpg (500x332, 37K)

you guys seem to love that talking point but do you know bitcoin is much more centralized than ETH is when it comes to mining, and also no miners have ever successfully done a double spend on bitcoin using the sybil attack, ever.

why? because miners get paid to secure the network so they have incentive not to destroy it, which is why it never happens with actual decentralized chains. it would simply cost too much to be worth the risk of the miners losing their rewards. and on top of that, a double spend or blocking transactions is the only thing a miner could do, unlike EOS where the BPs literally confiscate funds. ETH and BTC are still safely decentralized.

How many eos to make it? Eoslet here with 165...

and I hope you were aware, EOS actually didn't work a few days ago. the BPs froze all smart contract deployment but didn't give the community any information at all as to why, and it was kept frozen for multiple days with no communication from any BPs. the hilarious part about it was that literally no one noticed which proves EOS is absolutely dead in terms of dapps.

An obscure smart contract didn’t work for a day on a chain that is 50 days old, with no harm and no funds lost,
Ur reaching for straws

Need 1000 and wait 2 years

the "set code" function is an obscure smart contract to you? that's how you deploy a new contract buddy. and that's not even the point. the point was the BPs did it without telling anyone, and when people found out, they didn't say a word why they did it. these are the people in control of your centralized chain.

For a limited function of a set of smart contracts that are rarely used , hence nobody noticed/ gave a fuck about
It.
EOS chain is still young,
By this logic it is fair game to tear into ether for the dao hack still
All it comes down to is chain performance,
Spam for ether all u want, if ether STILL can’t actually run anything by 2020 it’s dead

Ask yourself this question. Why do people invest in ICO's and worthless utilty tokens? The answer is simple.
We buy worthless I owe you tokens in the hope we can sell it at a higher price. This has caused ETH to surge from $14 to $1400.
Now we see a decline in ICO investors. The ICO market is oversaturated.
With EOS - we get our tokens for free.
With ETH - you have to buy the tokens and risk loss when they hit the exchange.

More and more Dapps are coming to the EOS platform. In order to develop a dapp. You will need EOS. You could argue this is a breeding ground for speculation.
The entire market is speculation. Market is far ahead of reality.

The ram speculation bubble has been dealed with. Read the latest news on ram supply increase.
None the less it's a small issue, 20-50KB ram per dapp is more than enough for current-gen Dapps. Not to worried about the ram situation this was expected.

EOSFINEX is coming. Airdropped tokens will can and will be traded on EOSFINEX dex.

wow. you really don't understand do you. literally ALL smart contract deployment was frozen for days without any news from the BPs.

github.com/EOSIO/eos/issues/4821

Attached: screenshot.2018-07-29 20.08.41.png (715x380, 11K)

you actually just highlighted the fact what the "accredited investor" rule exists in the united states and why security laws are important. it's so inexperienced investors don't lose their shirt over stupid risky investments. a lot of those investments do fail so the government wants to make sure retail investors don't get harmed, but they also want the rich to keep getting richer of course too.

EOS breaks down that wall which seems good at first because "it's free" but it's actually worse. the EOS buyers need to buy EOS tokens to be eligible for airdrops, which they probably did at $10-20 so they've now been wiped, but now they have airdropped tokens they got for free and they'll use EOSfinex to try to sell them to other speculators. but the other speculators want a profit too so no one actually makes a profit, and the investors are still down 50% at least from buying their tokens prior to launch.

so ICOs are arguably better because the investor knew what they were getting into and knew the risk of loss. with EOS, regular people were tricked into holding through launch to "get all the airdrops" and their main EOS portfolio got wiped because DPoS is failing.

No scam coins you say...
This is EOS' answer to chainlink: oraclechain.io/index-en

Stay poor methhead

I'm not, I was in ETH before $10 because I believed in the decentralized tech

Sounds just like NEO and GAS, look how many developers ran to build on that platform... News flash, all crypto projects are a scam while I hold many alts, the truth is BTC is the only true organix coin worth any value. Think about it, BTC grew for over 7 years organically, first tech nerds, than rig nerds, that used to purchase drugs, then money laundering, then investing. It got a chance to reach all corners of the world without people manipulating it like all new coins today. Take your shit EOS... How many coins do the developers have? who makes the rules for eos? what are they actually trying to do? Once you answer these questions you realize it's garbage. Once a real world application is created corporations will make their own blockchain and control it. Right now crypto is an investment from fiat to crypto to fiat at a profit, and so far nothing does that better then BTC in the past present and likley the future.

It isn’t decentralized, at all

go ahead and list off all the successful sybil attacks on ETH. I'll make it easy for you, anything on bitcoin is fair game too.

You're assuming that EOS will drop below $7.

Let me explain why EOS will hit at least $100-200 next year.
50% of the supply is held by a handful of institutional investors.
The other 400 million EOS are in the hands of
-speculators
-developers
I don't know the exact numbers
It will take a sigficiant amount of EOS to build a DAPP... as I stated before. Bandwith, CPU, Ram on the EOS network isn't free. Developers need to stake their EOS in order get resources (ram, cpu, bandwith) on the network.

EOS is a relatively young platform less then 1 month old.
With more and more dapps coming to the EOS platform, how long do you think that remaining EOS supply of 400 million eos tokens will last?
1-2 year?
What happens to price when there is a imbalance of supply and demand? When demand is higher then supply - price goes up.

Demand for EOS will skyrocket. A dapp cannot function without having EOS staked on the network.

Dan Larimer is a genius, responsible for 3 projects that have UTILITY value. Real Value not that white-paper empty promise speculative value.

Networth of the EOS platform will be reflected by the traffic the Dapps generate. The reason why it cost $400 a day to post a add on facebook is the same reason why Traffic could launch EOS into the trillions.

>oraclechain.io/index-en

Where is the scam? As a EOS holder I get these tokens for free 1:1.

Having 0 sybil attacks just means its secure not decentralized

U don’t know wat a Sybil attaq is

You're thinking is illogical and you lack the patience to read the entire thread.
The value of a platform comes from the traffic it generates.
How do I attract traffic to my platform?
Killer DAPPS.
Why are Killer dapps important?
Because its the fucking gateway to public adoption.

Attached: IMG_20180729_210313.jpg (3120x4160, 3.04M)

you're really convincing me EOS has no real value over amazon AWS. so your logic is supply will be limited due to investors and speculators...so price goes up and makes it expensive, effectively passing the costs onto the EOS uses who now have to buy expensive tokens.

then a young entrepreneur turns up and wants investment for a major EOS dapp. he propositions the VCs and they think about it. they send it to their legal team. the legal team comes back with risks over unknown chinese exchanges controlling the vast majority of the token supply which means they hold all the voting power for BPs, and those BPs could seize all assets of the companies addresses with no recourse, especially if the chinese government forces them too due to the political climate. and everything they do is above board so they can't dip into bribery at the corporate level like the chinese do. so what does the young entrepreneur do? he signs up for an AWS account and hosts it on there, and the legal team has no problem with it.

This argument applies to ether too lmao

That's why VC and Block.one have over a billion dollars of funding for dApps built on EOS.

jesus christ fampai. how did u get so fucking rich?

also i have 10 eth, should i convert to eos? please i just want to be rich like u

you're right but to a much lesser degree because it's decentralized. funds can't be selectively confiscated. besides, corporations will never use a public chain for anything, just private chain deployments with permissions much like EOS. that's what the EEA is for too, helping corporations with their chains. what you claim is EOS will be the next big thing with major dapps run by major players, but that's not going to happen anywhere.

I think it's great they saw the problem going in, but you know they don't have to spend a dollar of those funds on dapp development. they made their money already, the community purchased the right to launch EOSIO themselves. if things keep going south, Dan will just move onto the next project.

there’s a new one called conventment that actually has utility use.

Block.one currently holds 100 million EOS tokens, 10% of the total supply which they can't access the total tokens for 10 years. Do you really think they wouldn't do everything possible to try and increase the value of those tokens?

>-EOS airdrop holders get 1:1 airdrop of every Dapp token launched on the platform.

I hold some EOS, how does this work exactly?

except they already committed to voting with their tokens, only because the community has already started forming a cartel without them voting, and that's also the reason they gave themselves 10% of the tokens. so they could save the network from themselves. they were given $4b in cash, financially they don't give a shit over the 100 million tokens they have but it would hurt their reputation is EOS failed too quickly. so no, they will use their tokens to try to prevent cartels from forming with voting but I doubt they'll be able to stop it. they'll prolong it enough to avoid the reputation hit though.

Investing in the right platforms.
That is how you get rich in crypto. Not buying shitcoins.

get simpleos
stake your eos
wait for airdrop snapshot
free tokens

Why do you say they don't give a shit?

Did Apple stop giving a shit after they made their first 4 billion? Did Amazon? Google?

what do u think about bch?

they don't give a shit because this talking point you guys love so much:
>"The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform."

the community purchased the right to launch the network themselves from block.one for $4b. block.one made their money already. this is why they didn't help with launch at all, their hands off now.

Actually, this was just lawyer speak protecting themselves against the SEC potentially declaring them a security. Think of it this way, there is a difference between running the Nasdaq and writing the code that is used to operate it. Block.one's refusal to help launch the software is because they wanted to further distance themselves from the definition of security as possible.

Why does my app store need to be decentralized, again?

traffic is worthless. Pic related is twitter. These are the first profits ever, cumulative loss is $2.2B.
EOS is poor man's heroku. It has no business case. Its only purpose is to ride the blockchain hype wave and burn after it inevitably ends.

Attached: Screenshot_2018-07-30 Twitter made a profit by cutting costs, not by growing its business.png (739x600, 31K)

Because any app that doesn't comply with Google and Apple's terms of services will not be accessible

Which is how many, and what demand is there for a decentralized app? What is the best case dapp that would get even 100k users.
Not email, not shopping, not finance, not media, so... ?

Social network

did you see this

Attached: 38085428_10156837706491833_3596822393554731008_n.jpg (540x960, 50K)

No one is going to overtake or replace kikebook dude.

Listen to tech giants that made it, the next innovation isn't reinventing the wheel and making a new Google or Twitter.

I don't see the point of a single dapp.

To sell tokens ofc

That is ur problem then

Don't you need to convince buyers?

If u cannot see dapp use cases before the time comes, then it is ur problem,

I see usecases, I see dapp developers building on EOS, so no I don’t need to convince you, Time will do that for me

Fucking larp. You wouldn't keep that much EOS on Binance.

>all "fast" blockchains currently use centralization methods to increase speed

Not Zilliqa

- Can actually scale to mass adoption levels.

You forgot
-Will soon be able to earn passive income by distributing trading fees to stakers instead of burning them, while having CPU/Bandwidth bought and sold on a market similar to RAM. This will free up resources for developers, and keep them tied to the USD instead of EOS so that EOS can moon without hurting devs. It will also incentivize people to stake their tokens, which will secure the network with active voters, and increase the value of the EOS token by significantly cutting the unstaked circulating supply and thus increasing market scarcity.

The economics of the EOS token is pure genius. Anyone who doesn't see this is a complete brainlet. And unlike many other cool sounding projects and concepts, this fucker is already a working product which billions of dollars ready to be thrown at its ecosystem.