Okay, I’ve speed read the thread, and while EOS has its detractors, it also has its proponents, none of whom have chosen to address these comments and questions from this very same thread . . . and nobody seems to care either.
NOBODY HAS EVER ANSWERED ANY ONE OF THESE (posted here in the order they were originally posted):
Token Purchase Agreement shows EOS Tokens are completely useless. Look:
https://eos.io/purchaseagreement/EOS%20Token%20Purchase%20Agreement%20-%20June%2022,%202017.pdf- EOS TOKENS HAVE NO RIGHTS, USES OR ATTRIBUTES. The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform. Company does not guarantee and is not representing in any way to Buyer that the EOS Tokens have any rights, uses, purpose, attributes, functionalities or features.
- NOT A PURCHASE OF EOS PLATFORM TOKENS. EOS Tokens purchased under this Agreement are not tokens on the EOS Platform. Buyer acknowledges, understands and agrees that Buyer should not expect and there is no guarantee or representation made by Company that Buyer will receive any other product, service, rights, attributes, functionalities, features or assets of any kind whatsoever, including, without limitation, any cryptographic tokens or digital assets now or in the future whether through receipt, exchange, conversion, redemption or otherwise.
- PURCHASE OF EOS TOKENS ARE NON-REFUNDABLE AND PURCHASES CANNOT BE CANCELLED. BUYER MAY LOSE ALL AMOUNTS PAID.
- EOS TOKENS MAY HAVE NO VALUE.
- COMPANY RESERVES THE RIGHT TO REFUSE OR CANCEL EOS TOKEN PURCHASE REQUESTS AT ANY TIME IN ITS SOLE DISCRETION.
Please forgive me if this is newbish, but do these tokens actually confer ownership? Will they ever actually pay dividends?
What would an ideal scenario look like where purchasing these tokens would be profitable? Say, 10 years from now?
the tokens are not ownership tokens and they do not pay dividends.
These are not even the native tokens that are needed for the EOS blockchain to function.
These are ECR20 tokens that function on the ethereum blockchain and you are not even sure that they will be swapped to the native EOS blockchain tokens (= the real tokens that will hold value in the future).
See Q&A 21 on the eos.io website.
Cheers
I just read the white paper.
It does not provide a good technical explanation of how it will process in parallel and how it will process millions of transactions per second.
Does anyone understand how they will be able to do this?
I think it's a clever ico structure, designed to channel funds, that would otherwise be trading on exchanges, into the accounts of the project creators.
Ultimately there are just developing software that a third party may or may not launch a platform on.
If people keep sending them ETH during the year, then you can imagine future icos may follow their lead. But the price could plummet if people lose interest over the year. The price relies on more people contributing to the ico every day. And at a price they have no idea of until the end of each 23 hour period.
I've seen that video. Do you really think he explains how he's going to enable parallel processing from that one slide?
I'm not saying that he definitely won't be able to pull it off. But it's going to take many very smart OS level programmers, not necessarily blockchain programmers, because parallel processing is very difficult at the OS level. I wish he does pull it off, because it will benefit many projects, including ours.
I think this parallel processing is what is going to make or break EOS. There is no scam in regards to the EOS token, not launching the blockchain and leaving it up to the community to do so.
Do you have any proof they are buying EOS and not other coins, or USD? They say they will not perform any share buybacks and if they did I think it would be pretty much impossible for them to hide and they would be pretty much screwed pretty fast.
There are a lot of suspicious deals happening with EOS. For example this is from HitBTC
https://i.imgur.com/o4BIJvz.pngCheck ask and bid amounts and how big trades are.
Hmm
from what i understood, you have to own EOS tokens on the EOS platform to have access to bandwidth proportional to your holdings.
A delegated POS also implies takers have to hold EOS
i also understood EOS is targeted enterprise use
If a large company, say Facebook, or Microsoft, wanted to use EOS for *some* unimagined application, they would have to buy and hold EOS to participate in the network.
I think this is one way EOS token will gain value.
As soon as one company announces it is building on EOS, token price might go up.
Please correct me if Im wrong.
OR
add more information
No answers for any of the tough questions which are key questions to be answered.
Lots of people who want to believe though. All their faith in one man basically, as I read things, which leads to another huge red flag: a single point of failure.
This doesn’t look good to me, and that’s coming from a huge fan of both BTS and STEEM.
Hoping to see adult handling of these challenges I’m pointing out.
BTW, where can I find a copy of the purchase agreement?
