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RE: Understanding EOS

in #eos7 years ago

Great video, Heidi! It truly is beautiful there. @corinnestokes and I have Vietnam on our list of places we'll visit someday.

There are a lot of ICOs that launch prior to the product being done, but I think this is one of the most widely distributed ICOs we've yet seen. I've already built the current development version of EOS myself (I'll post on that soon), so I know it's not vapor wear. Dan's trading on his reputation and the history of what he's already accomplished and some are upset about that. For me, I think he's earned the right to do it and clearly, the market is supporting it with over $3M a day flowing his way.

That said, I completely agree with your caution, and I'm glad you put it in there. No one should invest in things they don't understand or take risks with money they aren't willing to lose completely.

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Let us pray each day, for Dan's continued good health and welfare.

I have been thinking that myself lately. Anything is possible in this mad world especially if it's endangering Etherthum. No one likes to lose money.

I don't doubt that this will indeed come to fruition, but it's good to have a healthy perspective. I'm looking forward to reading your post on your developments with EOS.

If you two ever get the chance to go please let me know and I can give you some tips!

If you

I agree with your caution @heiditravels. This looks to much like the dotcom boom of 2000 where many IPO's were had just for having an idea and a domain name. I think history will repeat itself.

History always repeats. We can expect many of the coins/tokens to not be around in a year or two. According to HACKED.COM there are around 30 "businesses" up and running and making money. 30 out of 1050 coins and tokens. Maybe 20% will survive and thrive.
https://hacked.com/2019-icos-now-thriving-firms-part-1-3

Very interesting. This does sound like 2000 internet bubble. Correction will happen and that 80% will disappear.

Very good point @lukestokes , upped. I agree with your comment. EOS success even at its infancy is based on trust of the ingenuity of @dan and what he have delivered before. I think that he deserves (plus his team too) more recognition however we shuld never blindly trust anything hence the reason for some of my blog posts especially the new own about the subject.

Feel free to see my latest post about how I exposed @dan ´s secret plan to take over the world. More success to you.

Wellcome to Danang, Hoi An : VietNam

Dan has no equal in the crypto dev world today based on his track record of producing viable blockchain tech, agree with you 100% and I believe EOS is going to drive a lot of mainstream crypto adoption via big biz.

It does make you wonder what would happen if another big name, for example Vitalik Buterin, would announce a new crypto project. Right now you can see it 'sort of' happening (I think it's about to take off) in OmiseGO. It has Vitalik Buterin as an advisor, as well as some other big names like Gavin Wood, Joseph Poon (lightning network) and Roger ver. It certainly seems to drive the price and people's expectations up. Maybe the Larimer-effect is not limited to Dan Larimer alone. I wrote some about OmiseGO in a post today in case anybody is interested by the way: https://steemit.com/cryptocurrency/@pandorasbox/omisego-omg-this-will-be-huge-decentralized-exchange-banking-backed-by-vitalik-buterin-gavin-wood-joseph-poon-roger-ver

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