EOS a lot of Promise a TON of Disappointment!

in #cryptocurrency7 years ago

I want to start of by saying I really believed in this project at one time. The EOS price is down from a high of right at $4 and currently sits at $0.62. This should have investors wondering what the hell Dan Larimer is up to. I sold my EOS shares a while back after really looking into the project and having big issues with what I found.

The big red flags for me where as follows:

  1. PRE-MINED Creators can hold or create as many as they want
  2. Coins are not yours.....Not promised to be the coin on the official EOS blockchain. This is in the fine details of the user/ owner agreement for EOS holders.
  3. You have no promise or rights to access or that the EOS coin issued today will be honored.....It's in the White paper details.
  4. No proof of work or client has been provided. Anyone can write a white paper.
  5. EOS has NO plan for the SEC deeming them a security in the US. This could / would put the creators in jail. NO JOKE........

Those are just the issues that I know about EOS off the Top of my head. I suggest that all Investors in EOS really study what EOS is promising.....

It aint much................

Sell EOS and buy Bitcoin! You won't go wrong!

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EOS is/was an excellent premise, but the combination of lack of execution thus far combined with a complete lack of governance in the white paper would lead me to agree with your assessment.

EOS is a long term investment, it will show its true potential in 2-3 years.

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