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RE: Things to beAware of About the EOS Crowdsale Going on Now!!!
Yeah, it won't be a scam as Dan is behind it but other than that it looks like. They can dump ETH anytime later once the product is ready. That's the reason it's ETH killer. I still wonder what is the use of EOS tokens, may be just to make the company rich.
To me, the fact that you're buying ERC20 tokens and they do not relate to the EOS platform is the biggest red flag. Do you know if Dan is employed by or owns Block One company?
There is no information about that but behind the scene I am sure he would receive a big cut. He is promoting it as if the product is ready to go. Also why did they go for ERC20 tokens when they could have created their own coin. Even ethically that's not right because they would have million(s) of ETH in balance to manipulate the market.
Also I saw Vitalik's video answering counter questions on EOS; he was pretty professional and answered to the point without demeaning anyone including Dan. But I didn't like Dan's response to it where he was just trying to demean ETH by showing the cons. Also if I am not wrong he showed pic of two big ETH pools as compared it with the centralization issue. I don't agree on that either.
Personally I don't care how much I would benefit in future from EOS but I have decided not to invest my hard earned money into something which is not concrete.
Good to know. The concept is intriguing, and they have a test network coming out soon. If I were to invest, I wonder if it would be cheaper to buy directly from an Exchange. But it would be a speculative play. Not buy and hold. Not very inclined as much as I do like Dan. I'll have to watch Vitalik's video.