Hey i really like your commentary, upvoted it! I feel things are about to change right now, as the crypto world has ended a phase of boom, where it didn't matter if any ico was valid or solid, if you didn't participate, you just missed out. These days you need to watch much more carefully what you are invested in, in order to have a chance for actual profit (and not loosing everything). For that case EOS is a perfect example, which formally is full of red flags. If it weren't for Dan and the very platform here we are communicating on, this ICO is full of red flags, included the ambiguous figure of brock, thus a perfect example for John Oliver to ridicule on the craziness that is crypto.
Hey thanks for the upvote! EOS is indeed full of red flags in a very superficial sense, but I think if we dig a little deeper, those flags become either accounted for, or are made irrelevant by a good technical plan and a demonstrable capacity by the team for execution.
As for the Brock Pierce scandal, so far as I know there's no notable substance to the scandal and in fact the FBI thought he might even be a victim in that whole thing. In any case, Pierce's personality is a madly tiny facet of the project as a whole and does not impact the technology or its planned execution. When it comes to blockchains, we should always wonder if the projects can be technically separated entirely from their creators in terms of technical operation and if they can be, then they are legitimate blockchain projects that seek utility and value entirely from their technical qualities and that's the way they're supposed to work. I don't care if Pierce is a unicorn; I care if EOS has promise to be a functional network and from what I can see, there's a lot of promise.
Projects like EOS and Neureal should fascinate us and grab us by the frontal lobes not because of who's involved but rather because of how they're structured and what they can do for the world. If they fascinate us even in large part because of who's involved, that means that we are either failing to understand the promise of open source projects to attract development talent and users, or that the open sourced projects we're looking at hold no such promise.
Well said! As regards Brock Pierce, i totally dont care about his private live, i was rather referring to his early dotcom-activities, dumping the company and exciting with the money, which makes like a very very bad example for today, especially with an ico where you need to acknowledge, the token you are buying in has no function whatever.
Steemit now is a perfect example that EOS can well be able to deliver on the promises, there is a community and bp producer candidates and everything. After all when it is about investment, it is critical to do your due diligence and especially check out every possible weakness part of which is the team that makes that promise and the way the project is about to be delivered. Dont get me wrong, i feel EOS is a strong project, but not without issues, and that needs to be considered if you look at it as an investment. Well at least, that's my approch :-)
It seems, the coverage in the John Oliver show already has had its effect: https://steemit.com/eos/@conceptskip/brock-pierce-removed-from-eos-websites