You are viewing a single comment's thread from:
RE: Bearish on EOS
But theres a difference between using an erc20 token "placeholder" to raise a few million and using it to become rank 5. In the future, the EOS platform may be amazing, but the current EOS market cap is insulting to all of the other projects with functioning products. EOS makes it seem too easy, all you need is hype. I should just come out with my own token promising big things, release an erc20, pick a cool name, and go to town marketing it.... months and even years before I come out with any product. Even if EOS was a working platform, in my opinion as a rational investor it would need to change the world to be worth $12B.
I accept your point but all of crypto has valuations based on what it will do in the future, not what it is delivering now. Does bitcoin really deliver hundreds of billions of dollars worth of value today? Or is that value based on hype, speculation and the assumption of what might be tomorrow?
I hope EOS creates many good mobile DAPPs this year, and for years to come