Fair enough - can't argue with that.


Epic Operating System?

Also, the definition of "Eos" in Greek mythology is pretty interesting, given the name of the 1.0 release (Dawn):
"In Greek mythology, Eos is a Titaness and the goddess of the dawn, who rose each morning from her home at the edge of the Oceanus. ( or [héɔːs]; Aeolic Αὔως Aúōs, Doric Ἀώς Āṓs) is a Titaness and the goddess[1] of the dawn, who rose each morning from her home at the edge of the Oceanus.]Wiki entry)

I'm going to boldly speak for many participants in this thread in agreeing/affirming the notion that putting $ (or BTC  ) into EOS is a gamble. A risky one, in fact. A myriad of circumstances could arise that result in loss of value. Simply nature of the beast and isn't unique to EOS as much as it's an attribute of the whole business of investing in a frontier technology/space.

That said, couple of random thoughts on your comment:

• The crowdsale of EOS tokens isn't a source of revenue to build their project - at least that's what Dan stated on the Epicenter podcast (Link here). He said block.one has all the capital they need to develop EOS and the crowdfunding revenue is bock.one profit and capital to build/support the app environment on the EOS network once it's launched. He could be lying but that's what he stated.
• Regarding the legal disclaimer and "they must have a reason to be shady": I may be the rube here but I view this with an Occam's Razor philosophy more than anything else. It seems fairly logical that their actions could simply be explained by the elephant-sized compliance/regulatory risk of what they're trying to do. Could it be a result of shady/ulterior motives? Of course. It just doesn't seem like the most straightforward reason underlying their approach to the ICO/disclaimers
• Regarding Larimer being in the project for himself and his own $: I believe there truly is a diminishing rate of utility as one accumulates vast wealth. I couldn't even begin to guess what Dan's net worth is but I suspect he's got enough to do whatever he wants to do with his time on earth. What's more, some people, contrary to popular belief, are motivated by things beyond accumulating wealth. Maybe it's wanting to make the world a better place. Maybe it's wanting to innovate, create, and do what nobody else has done. Some have other reasons altogether. I don't want to (and can't) know what Dan's motives are. But I can speculate and my gut feeling is that it's something beyond (or at the very least, in addition to) accumulating wealth. But that's just one dummy's feelings. Also, we have to consider the fact that Dan's partners (Brendan, Ian, et al.) have staked their reputation to this project as much as Dan has. So if it is a nefarious cash-grab, they are either being duped too or are complicit in something that will likely ruin their professional reputation.

Just my $0.02

-Kesey

It's true that what you're describing (in a vacuum) will produce a downward pressure on the market price of EOS over time. However, I'm assuming that beberano is asking about the recent price swing of EOS (aka, -30% downtrend in the past 48 hrs). Seems like that's less about the supply inflation and more about the PRC announcement banning ICOs.

beberano - here's some reading to catch you up: Coindesk: China Outlaws ICOs

Yeah, I definitely think everyone has to do some form of that calculus in their own heads. It’s tough because there are competing factors that could influence it. For example, if you hold all development and news as a non-factor, the supply increase that you mention will likely drive the price down. However, you have to weigh that out against the possibility of other factors raising the price between now and the middle of next year - anything from the September release of the testnet being a success to the simple notion that more people will find out about EOS. Not to mention other influencing factors such as regulatory changes, correlation to the total crypto market, etc.

For me personally, I’ve chosen not to spend my time trying to calculate the perfect time/price of entry. Instead, I’m much more interested in determining whether I want to participate at all (FWIW, I do) by evaluating the project on the basis of the value it’s attempting to bring to the market and the likelihood of that happening successfully. Based on the outcome of that analysis, I set an allocation to EOS and dollar cost average my way there. I figure that if the project is successful, it won’t matter nearly as much (note: I’m not saying “doesn’t matter at all”) whether I’m in at $0.80 or $1.00 or $1.50.


Yes, we are in agreement. That difference of ~30x that you mention is what I was referencing by the “gain that is commensurate with the additional risk taken.”

In the context of the entire investment world, those multiples (the 20x or the 50x) hardly exist outside of VC investing and even then, only for the very best. It’s hard to measure the risk-adjusted return of crypto investing but even that fact notwithstanding, I have a hard time seeing a 20x as anything other than an absolute investment grand-slam.

To my knowledge they haven't made any public statements that they will - it seems as though it would contradict the intentional steps they've taken as precautionary measures.

Two possible approaches:

• Gamble on the promise with the hopes of being rewarded with a gain that is commensurate with the additional risk taken

or

• Wait until after the official EOS blockchain is released next summer and acquire actual EOS tokens/coins. You'll miss you on some gains but surely not the bulk of long-term value

Given that block.one/Dan seem to be motivated more by creating a game-changing platform than by making investors wealthy, I don't think there is a high likelihood of them providing any statement to allay the fears of prospective investors.

Thank you for explaining this 100x more efficiently and saliently than I would have.

In order to claim EOS tokens on the EOS network you need to map an EOS key to your ethereum wallet that is storing the ERC20 tokens. The purpose is to facilitate a 1:1 distribution of actual EOS tokens to existing ERC-20 EOS tokens. In other words, it's the process that proves that you are entitled to an actual EOS token based on your ownership of the current tokens.

There's a great how-to in this Steemit article.

• What the dev team is working on: Development Road Map
• Testnet in September
• Current & future price: nobody knows, lots of speculation
  

Hope that gives you some clarity!

Dan Larimer interviewed on the Epicenter podcast (8/23/17)

Youtube Link

It's a good listen.

I'm assuming XBT/EOS & ETH/EOS will still be trading... so don't really see this as an issue.

buckle up and be a player 

Seems like that was a long time ago