Redpill me on EOS

not hyped enough. will do everything that ethereum was supposed to do but can't. hundreds of millions of dollars dedicated to a VC fund ready to invest in the most promising dapps. blockone funded projects will airdrop tokens to EOS holders. you're a fucken brainlet or a nigger, maybe both

only one sentence, its about to break out.

Here's the real difference trying to be unbiased

>Scalability
>Security
>Decentralization

The issue involves making a platform with all three of these things. Currently eth is decentralized and secure, sacrificing scalability. Eos is secure and scalable, but sacrifices decentralization. Eth is trying to improve their scalability, while eos is content with their centralization.

No there are billions, 3.6B in VC

Ethereum is more centralized than EOS, what are mining pools? check the wallets.
i stand corrected

Someone post that meme chart of the eth/btc mining pools vs block producers.

Also no one talks about this but there are 121 block producers and they all receive inflation. So if each producer/validator being less then 1% isn't enough for you, then you are a brainlet. The main 21 are the computational layer and people don't get that

Oh also, working .5s transactions

EOS doesn't actually have a product, so while chuckleheads like post this bullshit, they don't ACTUALLY have a working product

somehow people seem to have forgotten this fact

sage.

Pools are groups of miners, not one entity

EOS's dpos gives the illusion of decentralization, but will likely end in the delegates forming large parties (probably 2), similar to what has happened over time in the USA political system.

it is all sooo good, if it only worked ...

I don't like the way EOS does their voting system, its like they're recreating something similar to the government parties for votes.

So communism is the awnser?

They have a working product though

Quick rundown on EOS

>1 billion dollar startup dev fund
>pedo advisors
>clinton foundation connections
>"it stands for everyone's open society"
>"jk it stands for whatever you want"
>george soros announces he's invested in cryptos

Really makes you think.

Le current year man shat on it harder than he shat on drumpfkins. It's going to the moon.

bump

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Drumpf it

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21 different entities. that's way more decentralized than Ethereum. also they can be voted out. it's governed by a constitution not by who has the most mining rigs. way more decentralized. just compare wallets and you'll see the coin distribution.

It will be the one to rule them all. Buy few hundredths just to be safe. You have time until End of May.

Consider the stability of democratic countries with more than 2 parties. They are generally in conflict and inefficient in making and enforcing policies. The EOS system will inevitably consolidate to increase efficiency. As for the wallets, a single individual can be in control of many wallets, and many individuals can be in control of one. Just veiwing the wallet amounts doesn't tell you much

you're misunderstanding something. that's governed by force. this is governed by volunteerism. not at all the same. the voting will create competition for the block producers. you actually know nothing or are confused

also the token distribution allows everyone an even playing field. 2 million coins dropped per day, essentially a mini ico daily. the market determines the price daily, unlike traditional icos where whales scoop up everything for cheap and dominate. do some better research then come back.

the true selling point are the millions of eth that they will dump to pump and buy eos tokens

I don't think I am. I'm just trying to criticize the platform fairly, since 95% of the posts about it are
>muh eth killer! no flaws! fud impossible only brainlets disagree

It's a concern for sure. No coins/tokens have no flaws. Another flaw potentially is Dan Larimer is a prick that thinks he's smarter than everyone in the space

get ready for KYC

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I would jerk my fat cock fucking raw if that happened

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>Everybody's Open Society
Just another cuck coin

Really, really, REALLY TRULY AWFUL logo. A bad brand will never make it. This is ironically dead in the water because it LOOKS LIKE A DIGITAL SHIT.

EOS is a glorified centralized database, it's nothing like Ethereum.

Vitalik will achieve true decentralization.

>He doesn’t know what sacred geometry is

maybe it has flaws, but ethereum has more, a lot more. just gas alone is the biggest piece of shit idea from a retarded autist ever. nobody will pay money to use ethereum when they can use EOS. and ethereum is centralized, it's an arms race to see who can mine the most coins and dump them on the market. fuck ethereum and it's autism. EOS smokes it easily. it actually is muh ethereum killer, only brainlets disagree.

they dumped it already
etherscan.io/txs?a=0xfe652ea0bf0ab6085704c86912661ac914af0852

Desu how is an erc 20 an ETH killer? Kek

who cares, eos is a scam

they have much more and will collect approx 3M more eth in the last weeks

so they will collect over $1.2 billion just in the last weeks. gee whiz.

>faggots think they're in the early days despite john fucking oliver talking about this shit on national TV and it already being valued in the billions despite not even launching yet

Yeah, the bubble isn't over.

Redpill me on its 800 mil circulating supply and already 5 bil mcap

they pump eos while dumping eth to collect more eth and repeat the pattern

and who exactly is going to be investing $1.2 billion in new money? soros?

800 mil circulating is about 8 times that of eth so assuming it is as good as eth we can reasonably expect the price to be 1/8th that of the current eth price. Currently eth around 400, so 50$ per EOS token would be equivalent. EOS tokens trading at ~6$ so potentially could x10+ in the event of a flippening

the market you idiot.. the price gets pumped on exchanges -> people buy via the ico to get tokens

Satans coin. Probably should buy some tbqh

man this level of delusion is just sad, I actually pity you

it's the crypto market we're talking about, what the fuck is this reasonably expecting nonsense lmao

Here's another one

Dan headed BitShares before he worked on EOS. BitShares has 3x the circulating supply of EOS and is currently trading at 14cents. Assuming EOS will be as good as BitShares, it is overvalued by roughly x13

senpai, you have to register tokens before the blockchain launches. erc20 is a fundraising mechanism. token swap? are you new? lel

>not FUDing EOS till mainnet so brainlets don't buy

>1. Dan is the new king of Jow Forums
Wrong, no one cares about him
>2. EOS will deliver what Ethereum promised and scale to millions of free transactions per second
Wrong, the mainnet will barely do 1k TPS. Theoretical considerations are irrelevant
>3. 1 billion capital injection program for new tokens
Except the money isn't there. It's just an announcement
>4. Those tokens are airdropped to EOS holders
Only 2-3 announced to do so
>5. Not vaporware. Active testnet and dev community
Even TRON has a testnet. Their dev community is dead because no tooling
>6. Launches June 1st - it's being priced in
Yeah to be dumped before June
>7. Google co-founder Eric Schmidt and Mike Novogratz working with $1B EOS VC fund
He's not co-founder and there's no 1B fund
>8. They will pick winning projects to airdrop
No, they don't decide who airdrops
>9. EOS has no user transaction fees
Yes, because you pay through inflation
>10. User transaction fees are now obsolete
You don\t understand the economics of EOS

stay po

>11. EOS is sustainable through < 5% yearly inflation for block producers
Actually this is an implementation detail and it can be however much they want when they launch the blockchain
>12. It's more decentralized than Ethereum (21 rotating voted in nodes - verified identities)
Lol, you need literally super computers to be a node so no, not more decentralized
>13. Zil, Hashgraph, Plasma, everything will be dead on arrival
2nd layer solutions will scale better than EOS
>14. Brock is officially uninvolved but officially has insane connections
Officially he's hated by all the community and no one wants anything to with him
>15. This is like owning NASDAQ and receiving huge amounts of free stock in all of the emerging blue chips.
Penny stocks are not blue chips
>16. Interblockchain communication baked in
Except it's only between EOS blockchains lol
>17. You can code with any language that can be compiled down to WASM (C++, C, Rust, and others. Google, Microsoft, Amazon are working on WebAssembly to support more languages)
No dynamically typed langauge and also no one cares because there's no proper tooling. Couldn't even run it on my Linux distribution because they don't support it lol

only got 350 EOS am i gonna make it?

>thinks Jow Forums moves markets

This is American NEO.

>18. Smart contract code can change if there are bugs without hard fork
Yeah, so not immutable, so can't do shit. Want to run an ICO? Actually, the code just changed and founders get more tokens. Want to do financial instruments on the blockchain? Sure, but the BP will adjust them as they like
>19. Lost password recovery / friendly account for normie adoption
This can be done on any blockchain with off-chain solutions like Coinbase and normies won't be able to tell the difference
>20. Supports floating point arithmetics
Decimal numbers are just fine
>21. Implements IPFS for distributed file storage to BTFO Storj and Siacoin github.com/EOSIO/Documentation/raw/master/EOS.IO Storage.pdf
Yeah but those are actually decentralized so everyone hosts your files. In EOS just BP host them and they can charge a lot for space
>22. Has a lot of ETH to dump on ethfags
Not that much left actually and Ethereum will survive
>23. ADA copied Larimer's ideas steemit.com/cardamon/@dan/peer-review-of-cardano-s-ouroboros
Ada is the superior vaporwave anyway
>24. EOS and Bitfinex will create EOSfinex decentralized exchange
ETHfinex exists too and no one cares
>25. Many ICOs are already queued up to launch on EOS and dump ETH
They won't. Coding solidity is easy. Coding in C++ on an unreleased platform that keeps changing and doesn't run on many distributions and has no documentation means there will be no development support this year
>26. Based in Cayman Islands to avoid tax rape when cashing out the ETH from ICO to fund EOS development
So they can exit scam easier? Great point!
>27. Hired team of C++ developers to work full time on EOS and deliver ahead of the schedule every milestone
So they got a bunch of contractors? They didn't hire perm people for block.one because they don't need developers after they release mainnet and leave? Makes sense

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But their biggest office is in Hong kong?

Enjoy your shitcoin faggots

SHIT SCAMCOIN

K-E-K

Absolutely brutal redpilling

based star user

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>Ada is the superior vaporwave anyway
lmao
btw epic posts man

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no but you can buy a new Macbook with that in a year

if that's such a problem you can wait until mainnet in june to buy in then. it'll cost twice what it does now but hey at least they will "have a product"

maybe in a year or two. the problem is nobody really cares about "true decentralization"

by the time the flippening occurs the market will likely be higher than it is now so you're probably looking at 20x returns over a year or so if you buy now. not bad.

"red pill" yourself you lazy nigger.

few anons provided you with enough info to buy or not to buy. Now fuck off.

They just rebranded, ya dummy

You sure know a lot about the project for someone who is so against it.

kek

Jesus...btfo.

Step 1: FUD
Step 2: accumulate

Nice try.

> Yeah, so not immutable, so can't do shit. Want to run an ICO? Actually, the code just changed and founders get more tokens. Want to do financial instruments on the blockchain? Sure, but the BP will adjust them as they like

It's up to the block producers to support whatever chain they want.

> This can be done on any blockchain with off-chain solutions like Coinbase and normies won't be able to tell the difference

No it can't. If you lose your EOS, you can get it back. Try doing that with Coinbase or ETH when someone jacks it a la DAO-esque ways.

> Decimal numbers are just fine
Not for margin trading, considering, oh I don't know Bitfinex is planning to use it?

> Not that much left actually and Ethereum will survive

True. Most projects "survive". Whether or not it'll thrive is the real question.

> Ada is the superior vaporwave anyway
muh peer review.

> ETHfinex exists too and no one cares
Having a large company buy in and support it validates its existence.

> So they can exit scam easier? Great point!
It's to ensure the project doesn't come under any scrutiny by some burger entity such as, uhh the SEC?

> So they got a bunch of contractors? They didn't hire perm people for block.one because they don't need developers after they release mainnet and leave? Makes sense
It's open source, ya dummy. That's the entire point of it.

Nice fud, though.

That's exactly what I thought when I first read into EOS, but remember everything is transparent whereas political parties are anything but. A transparent version of US politics is my dream. All in on EOS for this alone.

Idk the word "Ethereum" was enough to put me off when I first heard it in 2016 and it worked out okay in the end.

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Larimer's previous project, Steem, already shows a use case for decentralized consumer applications.

With Cuckerberg being scrutinized for people taking advantage of people's data, there will be increased interest in people having "value" in the content they create.

EOS is a platform for these applications to develop. Everipedia (decentralized encyclopedia) and ONO (decentralized social network) are the first movers to airdrop.

Everipedia has been around since 2015 and already has massive traction. They have the co-founder of Wikipedia, Larry Sanger, as their CIO.I would not be surprised if Everipedia and Wikipedia merge at some point.

If Everipedia succeeds on EOS as a widely used consumer DApp, it's game over.

Why do you think it would be transparent

But the working product is shit for 80% of crypto users. Have you tried using LN?

Because that's what blockchains do

Ye so everyone can seen the collusion after the fact but it still work prevent attacks

*Won't not work

Never considered the merger. Makes sense, but Wales is a dicklet (although Sanger is a weirdo).

From a normie perspective what does it matter where Wikipedia runs on?

how about you read their wp..

Sure eos is a great project but 4.7B usd mc without even releasing the mainnet yet? No way this is going up any further

5% increase since your post. stay poor

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EOS will likely have multiple chains on launch. Eg these cucks evolutionos.com so you’ll likely get bags of shutcoin versions of eos too, kinda like an immediate hard fork on launch

All you did was quote every line and say "no" with no actual argument.

For example, "no one cares about him".

True, it's only the 6th biggest market cap and trending crypto project. "no one cares about him" lol.

The rest of your arguments are all equally wrong and baseless. But I won't go and refute them one by one because I have a life.