EOSRAM thread

[Tyr808]

Obvious Ponzi.

You might not like it, but Dan Larmier truly created the golden ponzi scheme, on top of the massive ammount of airdrops you receive for holding EOS, there is an internal ponzi like system called EOS RAM.

EOSRAM goes up 1% for every buy and down 1% for every sell(pretty much a POWH within EOS but with actual useage as EOSRAM gives you computational power and is needed to create accounts and transact/build on the network).

You will need an active eos account and unstaked eos in your wallet. Apparently a user named Genereos has a tool that connects to the scatter eos wallet and makes buying or selling ram. Only 100k eos are in the ram market so far. Your eos is just turned into eos ram until you sell.

Not sure whether to trust this tool or not, but this is really Ponzi 2.0.

[Tyr808]

Anyone benefit from the 2000% gains?

[bbc.reporter]

Dan Larimer has properly played the game that has made him one of the biggest bitcoin whales in the cryptospace but in the expense of others. He is a serial dumper, from Bitshares, Steem and soon, also EOS. Be also mindful not to listen of what comes out of his mouth.

[Tyr808]

True, that twat is playing 4D Shilling.
Seems to have some strong connections in the China's powerouse.. notice how in China's Ministry of Technology official cryptorankings EOS is #1 and Steem was #2 last list.
Daniel Lariscammer

[Yudhisthir]

EOSRAM is not just a token but you can buy actual space in the EOS OS where you can host your dapp(business) so this is too a shop in the supermarket.
Buying demand more than selling makes the price increase and vice versa. It's the universal economics.