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RE: STEEM Ranked #5 Best Crypto by Weiss Ratings - Top Crypto Rated by Weiss Ratings
Generally I agree with the ratings and hodl Neo, Cardano & Ethereum. However I don't understand the attraction of EOS and prefer Litecoin, mainly for sentimental reasons (I first bought it when it was $8.67 back in 2014). I also have something in Ether tokens, mainly OMG.
What do you not see in EOS? You are using the platform of the creator @dan. The almighty Dan has created Steemit, Bitshares, and now EOS to put Ethereum to shame. I would highly recommend reading up on what EOS has to offer to the community because it is coming by storm when it launches. God Bless
Thanks, my first impressions were not as favourable as for Cardano but I'll look into it some more.
Thanks for information, upvoted.
I mentioned that I would take a further look at EOS and possibly buying some tokens. The issue I have is that the EOS blockchain is not yet funtioning so these are simply tokens that have been launched on the Ethereum blockchain by block.one which is a company based in the Cayman Islands. The purchase agreement with that company states:
7.1 No Rights, Functionality or Features. EOS Tokens have no rights, uses, purpose, attributes, functionalities or features, express or implied. EOS Tokens do not entitle holders to participate on the EOS Platform, even if the EOS Platform is launched and the EOS.IO Software’s development is finished and the EOS.IO Software is adopted and implemented.
7.2. EOS Platform. Buyer should not purchase EOS Tokens in reliance on the EOS Platform because EOS Tokens are not usable on the EOS Platform and do not entitle Buyer to anything with respect to the EOS Platform.
So my question is, what exactly are you paying for? You aren't buying a share in the block.one company so you are not a part owner, you are not buying into an ICO so you aren't purchasing a coin that can be traded on the EOS blockchain (so giving you a stake in the blockchain), you are simply buying an intagible 'asset' from a company based off-shore. Once the EOS blockchain has been launched, what rights will these tokens give you? How will they continue to derive value? This would be my primary concern about 'investing' at the present time in EOS.
Do sentimental reasons belong in business? ;)
Good question! I did say 'mainly for sentimental reasons' my other reasons being that Litecoin seems to work very smoothly compared to Bitcoin, transfers don't take long, mining is quicker and more profitable and I wanted to include a 1st Generation currency in my (small) portfolio.