RE: DO NOT Buy EOS !!! Your $$$$ is Needed Elsewhere!
The average user does not, or should not, care about such things. Dan is creating something great for large-scale applications .. woo .. that's great! Normal people, or the masses rather .. do not care at all about storage requirements and faster than light transaction speeds .. or whatever the hell they are touting now .. the fact is, very few people will actually 'use EOS', which means one billion tokens, the actual use of which is still far from clear, is too bloody many. EtherParty will also have 1 billion tokens, or a % of that in circulation, and it is absolutely meant to be used by 'the masses'.
EOS is quite simply put .. overkill .. hopefully it can be used to help scale STEEM/STEEMIT, but Ethereum will have its own solutions for speed, transaction costs, and better governance - I do not know about you, but I am tired of a handful of 'witnesses', ie. Bitshares, STEEM, and soon EOS, controlling the fate of anything.
Yes, this is what I am saying - too many bloody tokens, too few users, means that they will be worth very little .. certainly not the approximately 2 USD that people have been paying. There are a great many other projects out there that 1) need investment, 2) deserve investment, and 3) will give positive returns to the investors .. EOS has been only provided horrific losses to-date. To think that post-ICO it will suddenly jump up to $ 4.00 or more, is ludicrous .. all we need to do is look a the price history of STEEM, something that is actually useful and profitable to be held by 'common-folk' .. it can't even break 2 bucks!
I am so pissed off that I put so much money in - I pulled it out at a loss, and am walking as far the hell away as I possibly can, as quickly as I can.
These posts really didn't age well!
I wanted to create an app on EOS and had to change my mind because it was impossible to host anything on EOS for cheap. Normal folks wont understand the design flaw of EOS until it's too late. The only way to make it work would be if they spend those 300 millions on storage, but they wont do it as they said thw token sale is the profit of their company and not for investment.
I want to invest only in ICOs where my contribution is used to help the world not for profits only.