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RE: Something strange is happening with EOS - Programmer explains
I think - The Ethereum based tokens just represent EOS tokens when they become available, at which point they'll be exchanged for actual EOS tokens.
what scares me is that huge amount of ETH they will have - hmmm
Yes you are using your brain , they are making a competing blockchain which will never use this token and they are hoarding ETH ?
exactly, that's how it's supposed to be, however as we talk about in the video - they are not obligated to do anything according to the terms and conditions meaning that they theoretically are able to not give people any eos tokens in the future. Maybe it's just legal talk though
THIS ^^^
How difficult is it to figure it out? Of course it is. Actually smart investors love the terms & conditions of EOS... I feel more protected knowing that authorities like SEC/FINTEC having nothing to do with EOS...