EOS ICO SCAM 👺👺👺 Wow! Can you believe this? 👺👺👺

[Pistacia]

Ok just a little recap on the EOS fraud

1. there is no EOS platform as of yet, we are talking about a fork of BitShares. again: there is no functional platform whatsoever as of yet.  In other words: a mere promise is being sold

2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only: $181,295,950 (ico address here, also note the ETH that has already been moved out)

3. creates a fake sense that EOS is a true competitor to Ethereum, but in reality EOS as of now is a simle token run on the Ethereum platform

4. uses ETH raised in the ICO to generate fake price and fake demand on exchanges

The price in only hype thing, EOS team use ETH from crowdsale to hype market, they send 20000ETH to Bitfinex and 2000 ETH to Kraken to do hype, for yunbi.com, lixiaolai is an investor/co-owner and he is member of EOS team too, so the hype in yunbi is crazy.

https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx

In summary,nothing much, just hype with the money from investors, not sure whether this is legal or not.

5. let people buy in, milk the crowd who doesn't know better!


==>  EOS is a very nifty scam to enrich their founders with ETHER, this is what it's all about

we can safely say that there has not been a scam as advanced as EOS in the crypto sphere up to now.

this is an entirely new level of insanity

Look through it!

[1715629101]

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[1715629101]

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[woxXxow]

Any proof? Not to say that your arguments are not viable. But in order to make it plausible proof is needed

[Pistacia]

Any proof? Not to say that your arguments are not viable. But in order to make it plausible proof is needed

1. https://github.com/EOSIO/eos/commit/e03269e8ed2a2544f85573f0a8028724b8a57e4c
2. https://ethplorer.io/address/0xd0a6e6c54dbc68db5db3a091b171a77407ff7ccf
3. https://eos.io (for info on what it is supposed to be), this to see that EOS is simply an Ethereum token as of now
4. https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx
5. http://coinmarketcap.com/assets/eos/#markets

[Alttrader203]

I posted multiple threads on this. I agree.

My short message is: eostupid people invest in eos now

I will by easily when the price is 1/4th after this thin gets decimated within weeks.

It is an unfair enrichment of the founder. There is no need at all for him to collect a billion to code a blockchain.

Stupidity has no limits...

[Iris Linus]

looks like a very carefully thought out plan to collect a lot of ETH while at the same time causing some FUD about Ethereum 'can't scale bla bla, need EOS bla bla'. Of course Ethereum will simply update its network. EOS will never be a competitor.

[EOS7]

Thank you for pointing all of this out. I almost invested (lol) earlier today

Price crashing quickly now, so sad for all those who bought at 5$+

0.90$ (First day ICO price) is still way, way, waaaaaay too overpriced for the EOS Ethereum token IMHO

[50cent_rapper]

LOL, 200m+ ICO for Bitshares fork? 
The madness in crypto continues to exploide 

[Spoetnik]

Any proof? Not to say that your arguments are not viable. But in order to make it plausible proof is needed

WOW holy fuck.. you are the first commenter.
And i seen this play out exactly the same before lots by yet ANOTHER noob account.

Either you are a brain dead idiot or can't read or.. are acting like a deceitful scammer.

You god damn tell me smart fucker if they need 170 million god damn fucking dollars for a Bitshares fork.
Proof ?
Yeah ...you prove they need even 1 fucking million.. let alone 170.

You all out there are scammy morons.
You are not smart but instead shady greedy losers.
You make crypto look like pure dog shit.
I don't like you and i am not glad you are here.
Go fuck yourselves.

[Alttrader203]

How do i bet against this eos thing? I bet price will be 1/2 todays price in 1 week.

Bets?

[turquaise]

nice.
all ETHs gone to bittrex and sold out. thats why ethereum price is down.

[AgatioX]

The marketing about particle sales of tokens did the trick IMHO.
EOS was jsut hyiped hard))

[Kunegos]

That is for me the greatest scam I ever saw. There was scam by newbieness, such as The DAO, but here it is a scam by evil genuisness !

[EthBooks]

This is such an eye opener to many.

[Come-from-Beyond]

also note the ETH that has already been moved out

How can we be sure that these ETHs won't be used by the ICO owners to buy into their ICO?

[daniweb]

I have seen many opinions, that some ICO is a scam but we can't know if it realy is a scam or not. Time will prove it.

[Pistacia]

Visit EOS Important Notes and Warnings for Newbies

[wawaTwice]

Any proof? Not to say that your arguments are not viable. But in order to make it plausible proof is needed

WOW holy fuck.. you are the first commenter.
And i seen this play out exactly the same before lots by yet ANOTHER noob account.

Either you are a brain dead idiot or can't read or.. are acting like a deceitful scammer.

You god damn tell me smart fucker if they need 170 million god damn fucking dollars for a Bitshares fork.
Proof ?
Yeah ...you prove they need even 1 fucking million.. let alone 170.

You all out there are scammy morons.
You are not smart but instead shady greedy losers.
You make crypto look like pure dog shit.
I don't like you and i am not glad you are here.
Go fuck yourselves.

hahaha! As always, a remarkable and inimitable prose!

[doverman]

This is my first post ever on bitcointalk. I have always read this forum as guest, only reading the comments.
Nevertheless, I really want to comment the following. I want to warn would-be EOS (or similar ICOs) investors, into not loosing their Ether.

Finally someone is pointing this out. I can't believe how greedy the investors have become to actually invest into this madness. They are litteraly giving their ether to the EOS guys. If they want to give money away, the should consider a charity, or maybe a small donation to people like us  
Anyway, I find unacceptable how greedy the developers have become.

Put it this way, make an ICO that last for one year, anyone can contribute from day 1, but the tokens are released daily, during the 1 year period.
Obviously, because the tokens are being released gradually, but the investors have already put their money on the tokens, they are going to be worth much during the first phase, which will only pump the coin by convening the false illusion of good ROI. The good ROI is only for the (very very very very) early investors, that had their tokens on the first days/weeks. By the end of the ICO, the tokens are going to be highly depreciated, and a lot of people would have lost a lot of money.

Please people, think on the ICO terms before investing. Some things to have in mind before investing into an ICO:
* How many coins will be issued?
* How will the coins be distributed?
* What is the roadmap?
* Technical pitfalls, copycats, improvements, etc.
* Most important, how much would the token's market valuation be by the end of the ICO?

It doesn't make sense to invest into an ICO that already started with a 400 million market cap, since just by a 10x increase, it would have reached 4 bln. This is huge! Since there are just a couple of coins that have achieved that.

I can't believe all the greed that is going on with these ICOs.

Anyway, although I'm sad for projects like this (they can bring bad reputation to the cryptoworld once they collapse), I'm happy because the projects in which I have invested are not being flooded, so my capital hasn't been diluted on irrational ICOs.

[Scamlarimer]

also note the ETH that has already been moved out

How can we be sure that these ETHs won't be used by the ICO owners to buy into their ICO?

Notice point 1

Another 50,000 ETH on its way from the EOS crowdsale to be sold on Bitfinex back to investors so they can send it back to the EOS crowdsale

https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx

How dare you try to fud my piggy bank.

Here's the scammy part of bitshares3.0 that we baked in. This is my favorite part.

1. We are going to recycle funds. Lol. Monies paid to us, then get "paid" to our workers, me and my bro, we then "reinvest" back into eos, rinse and repeat 300+ times.

Solution: we should block those funds from being recycled by just locking them, but we're not hawhawhaw -suckers.

2. Most people will treat the daily ico auctions like ebay, invest at the last moment, we plan on manipulating the market at the last moment as well to make it seem like the auction is a great deal.

3. We also plan on manipulating the market at the beginning of the day to make you want to dump your position.

4. We claim that this ico method is to prevent whales. Lol. Thats not possible but please keep repeating it.

5. We already have an automated bot to help manipulate this motherfucker, you don't hehe.

[Spoetnik]

My point earlier is I usually see a NOOB account or two show up quick saying where is the proof?
(On any scam accusation)

The proof is blatant.
When you raise a small countries worth of money for a "coin".. #8,769
THAT is your "proof"

And as others pointed out It shows how silly this is getting.
Literally nobody thought these coins would be pumped up like they are years ago.
This last few months runs mind blowing.

And 99% of it all is pointless shitcoin pumping hype crap.
If 1 coin was big and went up in value that would be one thing..
But we are seeing anything not nailed own explode in price.

Which sadly I am in the position yet again of having to point out that is not good.

You all tell me.. Does the Larimer crew need to port Bitshares to the Ethereum platform?
Are they not then pretty much abandoning Bitshares then?
Duh.. But they wanted in on the mega craze of pumping out ETH ICO coins and they wanted a piece of the blank check that is being handed out.

It's a sign that users here are really screaming take my money now!
Even if the ICO system is scammy and even if they are clueless to what it is they are even "investing" in.

You are not investors.
You are shitcoin pumpers for profit.
These are not companies and none of this is safe, legal, transparent or accountable.
You are all shady Pyramid scheme participants gladly handing over real money to anonymous shady characters in the hopes of getting profit.

That makes it a scam Investards.
THAT IS WHAT A SCAM IS.

[yolocrypto]

There are two different scenarios I have. The first is the obvious reason that the only way to convert ETH to Fiat is through an exchange. They need fiat in order to develop and fund the project. Second, they need to move ETH first to exchange to flush funds into clean, private accounts that are unknown to the public. My two cents.

[infested999]

Unfortunately, all of this has been known and discussed even before ICO started, that ico windows are lottery, that people will rush in last minutes and overshoot market price.

[Coinometrics]

Please people, think on the ICO terms before investing. Some things to have in mind before investing into an ICO:
* How many coins will be issued?
* How will the coins be distributed?
* What is the roadmap?
* Technical pitfalls, copycats, improvements, etc.
* Most important, how much would the token's market valuation be by the end of the ICO?

It doesn't make sense to invest into an ICO that already started with a 400 million market cap, since just by a 10x increase, it would have reached 4 bln. This is huge! Since there are just a couple of coins that have achieved that.

I can't believe all the greed that is going on with these ICOs.

Hi Doverman,

That was a great first post! On top of the questions you have raised I would like to add the following:

- Do the founders have relevant business experience to develop projects, bring them to market and produce dividends in the pockets of their investors?
- Do the owners have any relevant business-experience at all?
- Are the founders vested into the project, is there any sort of lock-up period preventing the founders to just cash out and perform a dump-n-run scheme?
- Is there any sort of promise to report on the project progress?

Well, of course I won't ever ask for any pro-forma numbers - because that would make me an ICO basher or even a traitor to Cryptocurrencies as such, wouldn't it?

[Giardina]

Unfortunately, all of this has been known and discussed even before ICO started, that ico windows are lottery, that people will rush in last minutes and overshoot market price.

do you have any confirmation or is just a rumor, what's going on and where we are going, a lot of swear words, you have something credible to say?

[findingthemoon]

I can't say I like the obvious manipulation but I'm not ready to call it a scam because I think they will be developing a great platform.

[asepsetiawan1990]

I have seen many opinions, that some ICO is a scam but we can't know if it realy is a scam or not. Time will prove it.

Risks to be taken. But we must be more responsive to the news or discourse. But we also need to find out more about the news and look for the evidence by ourselves. In order for news / discourse not to be a hoax.

[Spoetnik]

Google accountability and transparency..
Now ask yourself if "investing" in schemes from shady characters is a good idea.
The long line of Larimer coins have all been complicated money making schemes that are all called scammy.
So why would this be any different?
Relaunching Bitshares solves a problem?

IN CASE YOU KIDIOTS DIDN'T FIGURE IT OUT YET...
WHEN YOU INVEST IN A COMPANY YOU ARE SUPPOSE TO HOLD THEM ACCOUNTABLE.

so will they be offering a transparency report on all the money spent?
I want to see every single fucking cent itemized and accounted for in detail.
Then posted publicly for scrutiny.

Carry on defending scammy ponzi blank check shenanigans fer teh ROI's kidiot investard profiteers.  
You are all big time investarz nows!
So big shoes many adult very profits coinz!

[yolocrypto]

Spoetnik is a well known troll. Look at his trust rating and comments

[Spoetnik]

Spoetnik is a well known troll. Look at his trust rating and comments

Yup suggesting transparency and accountability makes me a troll
See the negative rating I got from Monero shills.
Hint they negged me for asking questions. (transparency & accountability)

KLUGE
Attacked me randomly with 2 accounts sending me death threats.
I was stumped why.. I never talked to him before or been on the same topic.
It was weird.. I must have criticized his coin he was flogging with a NOOB ACCOUNT
..like the brat lipping me off above LOL

THEN WE HAVE VOD

Who doesn't like me so.. He negged me making up retarded bullshit.
He decided to be a cocky dick here so I posted a picture of him and a website report where Co workers accused him of being a pedophile.. So.....
He then promptly in return AFTER THE FACT negged me saying I was one.

REALITY:
My trust rating is flawless perfect and yes..
I am known here.. For having more class & integrity than most of you.

The fact is scammy shady douche bags here will neg you for asking for transparency and accountability.
They will attack you.. Call you a Troll.. Then say you post FUD (as though it was not deserved)

[yolocrypto]

I hope you all realize that the ONLY way for EOS to pay it's employees is to send the ETH to an exchange and convert it to fiat. How could you be this gullible? I'm finished here.

[CheapVccSeller]

I think the market cap is too high so i would recommend not buying.

[theMiro]

I can't get this.

Google needed 4 rounds of "ICO" where they raised  $36.1M, with first round being $100K.
Microsoft needed 1 round where they raised $1M.

EOS ICO is having 300+ rounds (days). They raised $180M+ in the first 5 days (~$36M a day). In all subsequent rounds they raised even more (proportionally) meaning that if everything goes as it is now...

$36M * 300days = $10,800,000,000 (yeah, more than $10B)

It's pretty much the same as SpaceX valuation. But those guys build spacecrafts. Rocket Science.

[evergrow]

I can't believe this

[vast28]

Longtime reader, but felt compelled to post.

It takes guts to swim against the current and I think these viewpoints are important when everyone is going the other direction. Not all ICOs are scams, but EOS's behavior after the first round isn't very reassuring. Thanks for the heads up along with posting the references.

[yolocrypto]

I can't get this.

Google needed 4 rounds of "ICO" where they raised  $36.1M, with first round being $100K.
Microsoft needed 1 round where they raised $1M.

EOS ICO is having 300+ rounds (days). They raised $180M+ in the first 5 days (~$36M a day). In all subsequent rounds they raised even more (proportionally) meaning that if everything goes as it is now...

$36M * 300days = $10,800,000,000 (yeah, more than $10B)

It's pretty much the same as SpaceX valuation. But those guys build spacecrafts. Rocket Science.

They have been averaging 6 million each day after the 5 day period. First window gave out 200,000,000 tokens which means they get a lower price, which is why funding was so high. Next 350 days gives out 2,000,000 per 24hrs. Price has been averaging around $3 per window. EOS valuation at 3.2 billion? I don't think that's overvalued based on potential of technology and the people who are behind this project. This will become the Apple of altcoins.

[theMiro]

[/quote]

They have been averaging 6 million each day after the 5 day period. First window gave out 200,000,000 tokens which means they get a lower price, which is why funding was so high. Next 350 days gives out 2,000,000 per 24hrs. Price has been averaging around $3 per window. EOS valuation at 3.2 billion? I don't think that's overvalued based on potential of technology and the people who are behind this project. This will become the Apple of altcoins.

[/quote]

Oh yeah, i messed up my calculations, sorry. Just looked that amount released after 5days is 1/100 of initial and average price was higher...

Anyway, lets take 1 billion dollars... 1 billion dollars for an idea/potential. No product, no critical mass of users accumulated.

Apple had $250K Seed funding in the beginning. 

[jezus]

I dont even know wher to buy eos.

[R.R. Toulkens]

Spoetnik is a well known troll. Look at his trust rating and comments

Yup suggesting transparency and accountability makes me a troll
See the negative rating I got from Monero shills.
Hint they negged me for asking questions. (transparency & accountability)

KLUGE
Attacked me randomly with 2 accounts sending me death threats.
I was stumped why.. I never talked to him before or been on the same topic.
It was weird.. I must have criticized his coin he was flogging with a NOOB ACCOUNT
..like the brat lipping me off above LOL

THEN WE HAVE VOD

Who doesn't like me so.. He negged me making up retarded bullshit.
He decided to be a cocky dick here so I posted a picture of him and a website report where Co workers accused him of being a pedophile.. So.....
He then promptly in return AFTER THE FACT negged me saying I was one.

REALITY:
My trust rating is flawless perfect and yes..
I am known here.. For having more class & integrity than most of you.

The fact is scammy shady douche bags here will neg you for asking for transparency and accountability.
They will attack you.. Call you a Troll.. Then say you post FUD (as though it was not deserved)

That VOD guy is a complete human trash.

[Spoetnik]

To those of you defending this.. Define what YOU think is an Altcoin scam then.
I made a topic on ideology not long ago so we could all discuss it..
I got 0 replies.
You guys refuse to talk about the issue of morality.
And it is in fact tantamount in an unregulated scene.

When I got into crypto years ago I was surprised at how this was all so much about morality.
It is an issue that you can not escape..
And it will be a learning process I soon learned.
I started out believing in FTC babble ignoring that it offered nothing different than Litecoin.
I quickly dumped my support for it and learned a lesson.
I learned many and had to grow as a trader in many ways.
It does not matter if you are young or old.. We all have things to learn with this stuff.

I had to increase my standards in time as to what coins I would support for profits.
I had to draw a line in the sand I would not cross..
Then redraw that line lots.
The ICO itself was an easy decision..
I have never supported any of them and I never will.
They piss all over the idealism of crypto.

And support is in fact trading coins for profit.
And don't forget we have children here being exploited.
And foreigners who do not grasp English.

For example my room mate is from Guatemala and he applied for a job..
He got a call back and he couldn't figure out what was going on.
I had to listen to the cell message left then call the employer for him and then translate etc.

That.. applies here.
If Coinmarketcap and Poloniex list Leo coin or blocknet then the majority will simply jump in supporting it.
It all snow balls.. Whether it should or not.

We all have a small little role to play in crypto.
Our collective level of morality is what steers the future of crypto.
What matters is the little things we all do when we are alone and no one is looking.
Each user being just a little scammy'ish and a bit greedy..
Amounts to a larger sum total.
It creates a majority steering the direction into a place destined to collapse.

Endless ICO's.. Pumps & dumps.. Endless new coins etc will not end well.
At least not for us little guys.. After the whales and service operators take our money.

All I ask is people look towards the future..
If you believe in the intended premise of Ethereum for example then so be it.
Offer it your support then.
Just go in eyes wide open and aware of the context of all this shit guys.

[JammyJimmy69]

Even if the ICO isn't an intentional scam, nearly all tokens are way overpriced by the time they hit exchanges. I've read up on EOS and will not touch it with a bargepole even though it's newly listed on Kraken. I really can't understand why so many people are obsessed with ICOs as that ship sailed years ago! All you have to do is wait few weeks for a token to find its market price once it's listed on an exchange. Another example is Polybius which is not yet listed on a decent exchange and it's value had tanked by over 50% almost immediately after the ICO ended.

Is EOS as scam? Probably not.
Is it overvalued? Hell yes!
Will it drop below $1? Yes!
What price will I buy at? Probably 50c, but only $500 worth to start with.

[phr0stbyt3]

Woah nothing new expected something like this to surely happen , the most suspicious thing was 1 year ico why what's the use and the fact people are that dumb that they are still investing in it , i have a feeling this thread will be show on google now and if this goes viral the first ever million dollar ico scam isn't far away

[JammyJimmy69]

Woah nothing new expected something like this to surely happen , the most suspicious thing was 1 year ico why what's the use and the fact people are that dumb that they are still investing in it , i have a feeling this thread will be show on google now and if this goes viral the first ever million dollar ico scam isn't far away

Polybius has turned out to be a scam also as most of us suspected. I think the gravy train has now derailed for ICOs as these bastards are getting more sneaky by the day. It's not unreasonable to assume that these dodgy ICOs are are the main reason for nearly all cryptos falling like a stone today and it hasn't bottomed out yet.

Polybius... you really are a bunch of total cunts and I hope you rot in prison where you belong. The EU laws are NOT to be fucked with! I'd like to let you know that my bank has NOT processed my $10,000 payment to you and I stlll have my 1250 PLBT in my wallet. They're worth shit now do shove them up your fucking arses where they belong. You know who I am as I use the same ID as here!

Oh... if you Google some of the Polybius staff, you'll see various names for some of the faces. This is THE scam of scams and, I admit, it was a good one, However, my bank was great in supporting me.

For those of you that paid by credit card, you may be covered so call them now!

Even when PLBT drops to $1, leave well alone!

[doverman]

Woah nothing new expected something like this to surely happen , the most suspicious thing was 1 year ico why what's the use and the fact people are that dumb that they are still investing in it , i have a feeling this thread will be show on google now and if this goes viral the first ever million dollar ico scam isn't far away

You are quite right sir!
This is already shown on Google when you search for "eos ico". I truly think that we are making a public service by exposing this huge scam.
But on the other hand, do these people really need training wheels when talking about crypto and ICOs?

Talking from an evolutionary point of view, the dumb people investing into this ICO shouldn't be advised otherwise, since they those are laws of the nature, the least evolved being lost, making room for the most evolved being.

What I really can't stand is people that, after showing them with facts how they are being scammed, they simply deny it.

Anyone giving its money to this EOS ICO should be seriously mind handicapped, because I don't find another explanation for a 1 year ICO that doesn't give coins instantly, but just a few every day.

Two words: mind handicapped.

[Amerikiwians]

Hi everyone. I have noticed something that seems odd with eosscan.io website. Please tell me what you think.

The data on the Sales Summary table for passed periods in the 'Total Contribution (USDT)' and 'Price of EOS Token (USDT)' columns changes every time the page is refreshed. Either this is a bug or they are manipulating the numbers so they look better in relation to the price on the exchanges.

If this is the way it is meant to function then this data doesn't seem to have any purpose other than to confuse people.

I posted several tweets on there twitter in order to post the following message and I have not receive a response yet.
https://twitter.com/EOSscan/status/880377355931234304


It reads a follows.
-------------------------------------------------------------------------------
"I am not trying to be offensive, but I have been watching eosscan.io for days now. I started copying the Sales Summary results just after each period ends to a text document. After several days I noticed that every time I refresh the page on eosscan.io the Total Contribution (USDT) and Price of EOS Token (USDT) data changes.

This should be constant as it is a reference to the price at the end of each period. You should be able to check the EOS price at the end of each period and compare it with the price on an exchange. With this price changing it looks like the EOS price is always lower than the exch and is fare from 100% accurate (as stated on the eosscan.io twitter page). More like -100% accurate. none of these values should be dynamicafter each period has ended.

All values should be static and unchangeable after each period ends. Please look into this and change the values back to what they were at the end of each period and prevent the values from changing after every page refresh.

It is well know that period #2 investors paid well over $6.00 per EOS and it is currently showing $4.1 at time of this tweet.

I do not think this is a fare representation of each period results. I hope to get an explanation from you."
-------------------------------------------------------------------------------


Your thoughts are appreciated!

[tastyhaze]

EOS  -  a scam indeed?

[stibog]

Of course this is a scam. Look at it. They've made NOTHING. The total number of coins is gonna be huge. (it's already huge)
The pitfalls of their idea of parallel processing are too big to ignore.
The whole point of the blockchain is that every miner/computer in the network is working on the same chain, as to verify everything again and again.
If you try to do this parallel... Well, just thing about it. It's no longer a blockchain, but multiple chains.

I've done a lot of threaded C++ programming using Qt libraries. And I can tell you one thing, doing things parallel opens a ton of new problems.
The vulnerabilities will be everywhere.
And seeing that they haven't even made it? I can only say, stay away!

The only thing EOS is, as of know. Is a huge collection of fancy words.
Words I'm not even sure they understand themselves. I would love to see an explanation of how they're gonna program this.
Not all these fancy words, but actual documentation on how the parallel processing is gonna work.

Because I think they have no intention of actually doing it.
Most likely all your money will be gone, and nothing will be made.

Last thing I want to say is this.
I'm 100% for decentralization. But this is not decentralization guys!

They want to centralize everything in EOS. That's centralization!!!
I don't understand how people buy into this.
It must be because most people do not understand how a computer works.

[larks500]

Scum everywhere. Soon ICO will be synonimus of scum

[doverman]

Of course this is a scam. Look at it. They've made NOTHING. The total number of coins is gonna be huge. (it's already huge)
The pitfalls of their idea of parallel processing are too big to ignore.
The whole point of the blockchain is that every miner/computer in the network is working on the same chain, as to verify everything again and again.
If you try to do this parallel... Well, just thing about it. It's no longer a blockchain, but multiple chains.

I've done a lot of threaded C++ programming using Qt libraries. And I can tell you one thing, doing things parallel opens a ton of new problems.
The vulnerabilities will be everywhere.
And seeing that they haven't even made it? I can only say, stay away!

The only thing EOS is, as of know. Is a huge collection of fancy words.
Words I'm not even sure they understand themselves. I would love to see an explanation of how they're gonna program this.
Not all these fancy words, but actual documentation on how the parallel processing is gonna work.

Because I think they have no intention of actually doing it.
Most likely all your money will be gone, and nothing will be made.

Last thing I want to say is this.
I'm 100% for decentralization. But this is not decentralization guys!

They want to centralize everything in EOS. That's centralization!!!
I don't understand how people buy into this.
It must be because most people do not understand how a computer works.

I Can tell you how people got into this into one simple word.
GREED!

People just realized how much money some real investors made a couple of months ago, since they invested before all this ICO crazinesses was at full, back on 2016.
Then, dumb people think that they can too become rich.
Nevertheless, there are these smart people (the people behind ICOs) that also realized that dumb people want to become rich, so they sell them that promise, and everything works.
Dumb people buy richness promises, and smart people sell richness promises. There is a market for promises, and the money can flow.

Smart move by the ICOs, dumb move by the buyers.

Lets see how much time do the dumb people take to realize they are being scammed, and most importantly, how much will this affect the legitimate crypto world.

[xiaohang07]

The recent ICO fever is way out of control. It is like 10+ developers suddenly got 10M - 200M $ even without a working prototype.

[Avaahnaa]

They have been averaging 6 million each day after the 5 day period. First window gave out 200,000,000 tokens which means they get a lower price, which is why funding was so high. Next 350 days gives out 2,000,000 per 24hrs. Price has been averaging around $3 per window. EOS valuation at 3.2 billion? I don't think that's overvalued based on potential of technology and the people who are behind this project. This will become the Apple of altcoins.

[/quote]

Oh yeah, i messed up my calculations, sorry. Just looked that amount released after 5days is 1/100 of initial and average price was higher...

Anyway, lets take 1 billion dollars... 1 billion dollars for an idea/potential. No product, no critical mass of users accumulated.

Apple had $250K Seed funding in the beginning. 
[/quote]

The buying power of $250,000 in 1976 is comparable to the buying power of $1,000,000,000 in 2017.

[evergrow]

in my opinion EOS is simply a "Ethereum Heist". They wanna get as much Ether as possible because they know it's the future. You see?

[wantangcfftc020]

For me, the EOS is not a scam but i will not buy any EOS coins since I think there is limited potential in my opinion. The main reason is that the team seems too greedy and too many investors means less profit.

[Lena_Storifier]

Hey,
Here is a nice visual overview of what EOS is all about:https://medium.com/@StorifierCo/what-is-eos-49802749eb8f

[tal3sfromthecrypt]

The word scam is seriously overused. If there is a real team with a working product, then it's not a scam. A particular coin (like EOS) may be in a bubble due to the mechanics of the ICO, or simply overvalued, but that doesn't mean it's a scam.

[PROZSA]

People,

For now in a purely scientific point of view, the only thing that can be stated is that investing in EOS is highly risky due to a large number of factors that make it look like a scam.
Stating that "this is a scam" means that you have ways to prove the deceptive nature of the project, which none of you can as of this moment.

Investing in a project where nothing has been created yet is a choice. A project where the platform is not done yet is not necessarily a scam.
A 1 year ICO is a choice, with advantages and drawbacks. It does not make it a scam by nature.

Let us all be really scientific about our observations and state facts.

What if it doesn't turn out to be a scam? "Well it sure looked like it!!!"
What if it does turn out to be a scam? "Well, told you so !"

Not really the best wayto approach an analysis right?

[makulo123]

EOS is gonna keep their ICO for almost a year and you are complaing now, when it is only a start... There will be a price increase I believe... I bought at 1 USD and gonna hold... I hope they will not scam me 

[Raegorl]

The recent ICO fever is way out of control. It is like 10+ developers suddenly got 10M - 200M $ even without a working prototype.

Yea, there are a bunch of people just throwing money around hoping to catch the 'next big thing'. And this allows devs to raise tens of millions before even delivering anything... This probably won't last long though, once they start losing money this cycle will stop...

[nutildah]

WOW holy fuck.. you are the first commenter.
And i seen this play out exactly the same before lots by yet ANOTHER noob account.

Either you are a brain dead idiot or can't read or.. are acting like a deceitful scammer.

You god damn tell me smart fucker if they need 170 million god damn fucking dollars for a Bitshares fork.
Proof ?
Yeah ...you prove they need even 1 fucking million.. let alone 170.

You all out there are scammy morons.
You are not smart but instead shady greedy losers.
You make crypto look like pure dog shit.
I don't like you and i am not glad you are here.
Go fuck yourselves.

How did you collect your negative trust anyway? You've always been a beam of sunshine upon the community.

Oh, its largely from Maneuro shills. I would wear those like a badge of honor. It also looks like you had some beef with Vod.

[nutildah]

The recent ICO fever is way out of control. It is like 10+ developers suddenly got 10M - 200M $ even without a working prototype.

Yea, there are a bunch of people just throwing money around hoping to catch the 'next big thing'. And this allows devs to raise tens of millions before even delivering anything... This probably won't last long though, once they start losing money this cycle will stop...

What's nuts to me is how these ICOs keep churning and bringing in millions when most of them are based on a flawed platform (Ethereum is still pretty buggy). It's like the big money doesn't know, doesn't care, or plans on everybody else not knowing or caring.

[losoya]

ICO is now mostly detrimental to investors, they do not think about the fate of investors, but because bounty hunter is too insistent to immediately release his coins in the market, maybe EOS is still processing investors money and will release it after they get a profit with a high price, something like this is not necessarily Scam

[ekin4]

EOS was in my investment list but after I saw code I immediately deleted it from all of my lists. EOS is pure scam run by same dev who operates another scam project Steem. We don't need more scams in this industry. Dan and his coworkers can get the f away from this industry.

[savon2k]

Ok just a little recap on the EOS fraud

1. there is no EOS platform as of yet, we are talking about a fork of BitShares. again: there is no functional platform whatsoever as of yet.  In other words: a mere promise is being sold

2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only: $181,295,950 (ico address here, also note the ETH that has already been moved out)

3. creates a fake sense that EOS is a true competitor to Ethereum, but in reality EOS as of now is a simle token run on the Ethereum platform

4. uses ETH raised in the ICO to generate fake price and fake demand on exchanges

The price in only hype thing, EOS team use ETH from crowdsale to hype market, they send 20000ETH to Bitfinex and 2000 ETH to Kraken to do hype, for yunbi.com, lixiaolai is an investor/co-owner and he is member of EOS team too, so the hype in yunbi is crazy.

https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx

In summary,nothing much, just hype with the money from investors, not sure whether this is legal or not.

5. let people buy in, milk the crowd who doesn't know better!


==>  EOS is a very nifty scam to enrich their founders with ETHER, this is what it's all about

we can safely say that there has not been a scam as advanced as EOS in the crypto sphere up to now.

this is an entirely new level of insanity

Look through it!

I think eos devs have been noticed in multiple scams before with gdax,steem and etc. so seeing something revolutionary from them does not surprise me at all ...although those exchange enter pumps were nice lol

[coingrow]

Hi all,

I have to admit that I bought a relatively small amount of EOS tokens on Kraken yesterday after watching an interview of Dan Larimer on the "Dollar Vigilante". For now it's only vaporware, but Dan has built two Cryptocurrency projects that are quite successful (BitShares and Steem).

So my question is why are you discounting those projects when evaluating EOS? (I don't want to stir controversy, I'm just wondering).

FIrst of all I am not sure why you are buying into ICO's and other tokens based on others opinions. Specially Jeff's, he is a big time shiller. Stay away from him! Secondly, I am sure a person like Dan will just not run away will all our money, remember how people were calling etherium scam during its ICO days. People can't digest the new blockchain world EOS will build..If you beleive in the project invest, but always diversify and manage your money intelligently. I am sure we would get good returns at the end of ICO. But I am not sure that this is the best time to buy into it or not.

[AbdTstpr]

Personally bought some and I hope it will be like ethereum back at the beginning when a lot thought it was a scam.

[jnow]

Like someone mentioned before, EOS takes ETH to generate EOS tokens. So far that's all it does.

Of course it promises to build an entire platform based on their token sometimes in the future...by simply looking at the incredible amount of money they are collecting, one could see no incentives left to do anymore work once the ICO is over.

So I wouldn't call it an outright scam, but a cleverly designed Ponzi scheme.

I would think that by now most people around here understand what a Ponzi scheme is. And yes, in the end it would be labeled a scam.

Here's a website that shows some real time statistics on the EOS token creation periods

http://eosscan.io

[coingrow]

Hi all,

I have to admit that I bought a relatively small amount of EOS tokens on Kraken yesterday after watching an interview of Dan Larimer on the "Dollar Vigilante". For now it's only vaporware, but Dan has built two Cryptocurrency projects that are quite successful (BitShares and Steem).

So my question is why are you discounting those projects when evaluating EOS? (I don't want to stir controversy, I'm just wondering).

FIrst of all I am not sure why you are buying into ICO's and other tokens based on others opinions. Specially Jeff's, he is a big time shiller. Stay away from him! Secondly, I am sure a person like Dan will just not run away will all our money, remember how people were calling etherium scam during its ICO days. People can't digest the new blockchain world EOS will build..If you beleive in the project invest, but always diversify and manage your money intelligently. I am sure we would get good returns at the end of ICO. But I am not sure that this is the best time to buy into it or not.

Please don't be offended but every time I hear someone using the word "shill" or "shiller" it is difficult for me to take that person seriously. That being said, I pretty much agree with everything you said. BTW I don't know Jeff that well, I recently stumbled across some of his videos.

The problem with EOS is that the coin supply will quadruple. So either the price of the coin will be divided by four, or the market cap will increase four-fold (that would place it in the fifth position on coinmarketcap at todays market), or something in between.

That really seems a bit over the top for a product that only exists at a conceptual level right now. I don't know. So I guess I'll research this a bit more, which is what you suggest I guess

No offence taken. But noobs look into twitter and youtube for advice and have no idea in the ways the twitter and youtubers are getting paid in terms of tokens and real money to promote a particular ICO. Look at the recent case of Pump and Hold of Chaincoin. For god's sake, the dev had abandoned the project way back. Wake up people and DYOR.

[StevenRA]

Ok just a little recap on the EOS fraud

1. there is no EOS platform as of yet, we are talking about a fork of BitShares. again: there is no functional platform whatsoever as of yet.  In other words: a mere promise is being sold

Isn't that many ICOs? Doesn't mean it's a scam per se.

2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only: $181,295,950 (ico address here, also note the ETH that has already been moved out)

Isn't the reason ostensibly to avoid the craze that happens when a popular ICO has a more limited time frame.

Obviously the underlying reason is to just bring in more $. That much seems clear. And doubtful they should be bringing in a billion dollars for an idea. But I don't think it's as insidious as all that; merely foolhardy.

[wwzsocki]

I think this is great crypto idea. Dev team behind this coin is great. They were involved in few other project like Steemit which is no scam for sure. I suggest all people using social media to take close look at Steemit because it pays really good for things you do for free on Facebook or YouTube. I don't know much about EOS code and I haven't seen any good articles in media about development. All cryptos are open source and the idea is to share and develop. I think there is no problem if they took what's best from other open source projects and WILL ADD new things.

Longest ICO and a lot of money cumulated worries me and that is why I haven't invested but I think that price will rise. People involved in this project are known and they won't run with money but you can never know and time will tell (there will be a lot of money to run with).

This big ICO and a bunch of coins/tokens will shoot EOS at first place as it goes of market cap.

If you have any proof that EOS code is cloned, brings nothing new and developers lie about future plans please share.

[bustomi]

I dont even know wher to buy eos.

so eos still doesn't have exchanger for trade? But its not big deal though, still waiting future information about this rumor..

[novhitadaloma]

I dont even know wher to buy eos.

so eos still doesn't have exchanger for trade? But its not big deal though, still waiting future information about this rumor..

Everyone has a different perspective on EOS, do not be easily affected by the news that is not true. It is wise to make a decision, this rumor can not be ascertained that it really happened.

[brekyrself]

http://www.zerohedge.com/news/2017-07-25/sec-cracks-down-initial-coin-offerings-concludes-tokens-are-subject-securities-laws

Read the above and you realize why EOS is being launched the way it is.  They are trying to stay as legal is possible.

[Spoetnik]

Ah but he did throw away your money morons.
You are forgetting this very scam coin is a port of Bitshares to the ICO cash grab platform.
Why did it need porting over?

And...

What happens to Bitshares supporters now?

Funny enough though Ethereum itself is far more scammy but you line up to bash this while mumbling with Butters cock in your mouth.
Oh and why again does the douche behind soooooooooo many previously abandoned coins need your quarter billion dollar investment?
You mean to tell me he didn't make enough on his previous coin cash grabs?

Scam coin from scammer launched on scam platform.. For Yup.. You guessed it...
Greedy idiot scam supporters.

All totalled you in history probably fed a half billion dollars into Danny the scammers various endless coin schemes?

Proud of yourselves ya fucking losers?

[One Man Band]

personally, watching their promo videos on youtube makes me cringe.

furthermore, anyone with an ounce of programming knowledge should see that the EOS project has more holes in it than a swiss cheese.

[dadonn]

We all have a small little role to play in crypto.
Our collective level of morality is what steers the future of crypto.
What matters is the little things we all do when we are alone and no one is looking.
Each user being just a little scammy'ish and a bit greedy..
Amounts to a larger sum total.
It creates a majority steering the direction into a place destined to collapse.

When a company that is touted to be an "ethereum killer," gets paid in ethereum, why in the name of fuck would they want to devalue ethereum? Presumably, if their sitting on 200mm in ether, they're likely thinking about how it can get 400 more than they're wondering how they can compete.

They did spring for a billboard in Times Square though. Guess they're not keeping all the coins. Always good to see a start-up company running lean. There's not enough money to get me to buy this coin and I believe that it is relatively easy to profit from in the short term.

From the white paper: Forget the part about the EOS token has no use or attributes. The standard "we're not a security" schpeel. It's the part that says, "Buyer understands, acknowledges and agrees that buyer should not expect that the EOS.io software will ever be adopted or even launched," that gets my panties in a bunch. This stupefying disregard to the investor required someone to actually instruct a lawyer to fire off this language. I would imagine even their attorneys were shaking their heads in disbelief.

Without getting into the rest- is there more needed?

[TinaK]

as far as I know, the team are palying a big scam at present.

EOS is launched by the team who also operated BitShares and Steemit, and BitShares and Streemit have already been proved scams. so not suprising to hear EOS is scam too.

[coingrow]

as far as I know, the team are palying a big scam at present.

EOS is launched by the team who also operated BitShares and Steemit, and BitShares and Streemit have already been proved scams. so not suprising to hear EOS is scam too.

Scams?? Please put some reasons that why you think steem and bitshares are scams? As far as Steemit is concerned they are among a very few who have a working project. Many bloggers have move to steem to publish their writings. Kindly present some reasons to why you think they were scams.

[findingthemoon]

EOS was in my investment list but after I saw code I immediately deleted it from all of my lists. EOS is pure scam run by same dev who operates another scam project Steem. We don't need more scams in this industry. Dan and his coworkers can get the f away from this industry.

as far as I know, the team are palying a big scam at present.

EOS is launched by the team who also operated BitShares and Steemit, and BitShares and Streemit have already been proved scams. so not suprising to hear EOS is scam too.

I'm not a big fan of EOS  and I don't know anything about BitShares but Steemit is a great project and I don't know why you would call it a scam.

[Coiner_]

Good to know. I joined their newsletter, time to do some email cleanup.

[oilreg]

i guess i found this thread to late....

but wanted to share my EOS, ICO experiences... which are fishy as hell imho..

Naturally if i join a ICO i would hope for a better price then i can get on the exchanges

So we got the 2 Millions Tokens which get distributed  every 23 Hours ..
20 Minutes before the Countdown ended ... there where 5400 ETH collected for this Period ...  that would be still a very good rate to get the tokens for 0.54 USD
3 Minutes before the Countdown ended ... there where 10500 ETH collected for this Period ... that would be 1.05 USD ... and the Rate i would have expected to be.
but then suddenly in the very last Minute ... a whopping 8200 ETH where added.... balancing out the Token Sale to exactly the current Market Price of 1.90 USD

uhmm seriously that felt like the most rigged ICO i ever taken part in.

[cryptomipher]

I'm not a big fan of EOS  and I don't know anything about BitShares but Steemit is a great project and I don't know why you would call it a scam.

Precisely. Steemit is a great Social Network that is picking up traction. Users are finally being diverse and not Crypto-Centric.

I am surprised people calling EOS a Scam... How can a scam last so long? lol

[Spoetnik]

as far as I know, the team are palying a big scam at present.

EOS is launched by the team who also operated BitShares and Steemit, and BitShares and Streemit have already been proved scams. so not suprising to hear EOS is scam too.

Scams?? Please put some reasons that why you think steem and bitshares are scams? As far as Steemit is concerned they are among a very few who have a working project. Many bloggers have move to steem to publish their writings. Kindly present some reasons to why you think they were scams.

What part of rigged by design and worse an ICO don't you understand?

Smart guy.. Is it OK for me to hold my hand out for a quarter billion dollars?
Will it be OK because I spent 20k on a billboard?
After all I would be motivated to make newly fabricated coins worth something wouldn't I?

Your motivation... Hmm lemme guess  

Skipping over what it is and how it works to say it's getting popular is fucking retarded.
LEO COIN was popular.. What does that prove?
That you are scammy frauds supporting what ever pays?

[ElliottHe]

Don't like EOS either. The founder is so clever that he creates such a method for EOS ico, which is truly will gather people's money. But as of now, I don't see any long invest value of the EOS.

[td97hde]

Any proof? Not to say that your arguments are not viable. But in order to make it plausible proof is needed

Com on please I bought in to ICO and feel that been cheted last sec someone pump thousend of ETH in to ico to press the price how has that much money and whom get benifit of it? its easy to folloe the money. I like the coin but totally say everyone to stay away form it untill its find the right walue which is far beloow the current level. how ever they cant pump the price for long finally they it will fall and that is the time to get in it.

[td97hde]

I'm not a big fan of EOS  and I don't know anything about BitShares but Steemit is a great project and I don't know why you would call it a scam.

Precisely. Steemit is a great Social Network that is picking up traction. Users are finally being diverse and not Crypto-Centric.

I am surprised people calling EOS a Scam... How can a scam last so long? lol

Same happen to me it is clear to me that Block.one is behind it since they are the only company to profit from it. I will stay away form this ICO until the price drop down to its correct value far bellow 1$

[slaman29]

The worst thing about EOS is that as it keeps getting "lower" it keeps looking attractive to new investors, since the belief is that it can recover. So there's more money poured into it, helping sustain the pumps on a daily basis, and allowing the founders to reap their riches patiently.

[vodach]

Most of the critics aginst EOS coin is relevant to 99% of the rest ico's. Lets check how long scam hyps last... well around 3-4 monts right?! So it is too early to  decide.
Beside this the team looks serious, the conception regarding business is applyable,  the technology behind seems promosing and they got the best code of several coins.
The last is, if you don't like it buy fitness brecelet like this you will know that there are 263 steps to pastry.

[slaman29]

Most of the critics aginst EOS coin is relevant to 99% of the rest ico's. Lets check how long scam hyps last... well around 3-4 monts right?! So it is too early to  decide.
Beside this the team looks serious, the conception regarding business is applyable,  the technology behind seems promosing and they got the best code of several coins.
The last is, if you don't like it buy fitness brecelet like this you will know that there are 263 steps to pastry.

The thing is, it will be a 1-year wait AT LEAST to decide if EOS is a scam. We are talking about hundreds of days of ICO, raking in the money. The team is serious... so? Dogecoin team was not serious but it proved more viable than 90% of alts. The technology behind it? EOS is a proven clone of its dev's previous project with the codes only changing the name of the files (github).

[A1Finance]

There are several threads about EOS.io, so I don't know if it was already mentioned, but when your read the EOS Token Purchase Agreement, it says:
"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."

Which means that when (if) the EOS platform goes live, it won't use EOS Tokens that are sold within the ICO, but EOS contracts, which are a different thing.

I almost invested in this one, but this finding made me stay away....

[the-doctor]

what a stupid post couldnt belive it full of crap. Everyone can call anyone scam fraud and spread FUD... Well what about other ICO's this year? How much of them dissapeared like classic scam? What about all this altcoins/shitcoins?

Do you know Dan? Do you know his team? His projects? Is there something hidden? If you dont like it dont join but you dont have the credibility to classify this as a scam..

Will it be succesfull? Noone really knows, 4 sure not you. Only time will tell and this topic will be timemachine

[StevenRA]

Well, at the current rate, their ICO will rake in more than a billion. Well if they succeed, good for them. It's true that Dan's cat could use a golden shower.

I find it hard to believe that that will happen. At some point over the next 9 months or so, demand should fizzle out, and people will start getting EOS for less than the early buyins got them for. At least that's what I'd expect to happen. A billion dollar just for the coins seems insane. In the meantime, they keep going steady at 2-3 million/day

[burnedbyfees]

Haha, Steemit's not a scam you fumbduckers, nor is Bitshares.

Based on those statements alone I'm betting on EOS to succeed, because you don't know what you're talking about.

[Grrizz]

EOS is probably not a scam but its a cash grab for sure.

[StevenRA]

i guess i found this thread to late....

but wanted to share my EOS, ICO experiences... which are fishy as hell imho..

Naturally if i join a ICO i would hope for a better price then i can get on the exchanges

So we got the 2 Millions Tokens which get distributed  every 23 Hours ..
20 Minutes before the Countdown ended ... there where 5400 ETH collected for this Period ...  that would be still a very good rate to get the tokens for 0.54 USD
3 Minutes before the Countdown ended ... there where 10500 ETH collected for this Period ... that would be 1.05 USD ... and the Rate i would have expected to be.
but then suddenly in the very last Minute ... a whopping 8200 ETH where added.... balancing out the Token Sale to exactly the current Market Price of 1.90 USD

uhmm seriously that felt like the most rigged ICO i ever taken part in.

It's that a ton of buyers (or small number of buyers with a lot of crypto$) are sitting there thinking the same thing that you are, and hit purchase within the last 10-20 minutes.
The effect is greatest in the last minute, since it takes a bit of time to update the numbers, so people are buying without full information.

That it's continued this long is impressive. But you have to figure that at some point the demand drops, and future buyers get them for less than the advance purchasers, which will kill their market.

[flag39]

Well, my wish is for EOS to be successful. I am not an investor but my wish comes for the sake of those who are.
The red flags raised are explained in detail on the below YouTube video from a programmer.
https://www.youtube.com/watch?v=J4ArKHie9Lw&feature=youtu.be

[allohha]

Well, at the current rate, their ICO will rake in more than a billion. Well if they succeed, good for them. It's true that Dan's cat could use a golden shower.

I find it hard to believe that that will happen. At some point over the next 9 months or so, demand should fizzle out, and people will start getting EOS for less than the early buyins got them for. At least that's what I'd expect to happen. A billion dollar just for the coins seems insane. In the meantime, they keep going steady at 2-3 million/day

I would not rule out anything in this life. So you can tell a lot about relative and other projects, but we should judge by results and not by talking and other forecasts.

[stupid_seb]

EOS is probably not a scam but its a cash grab for sure.

Yep. The valuation is pretty high already. Good job from Dan Larimer, as usual (Note: Steemit was and is great btw!).

I believe that there is too little room for this project to grow now. I participated ot the ICO and sold all my tokens quickly. A steal for a Steal.
Now I focus on smaller caps, more profitable coins.

[burnedbyfees]

Haha, Steemit's not a scam you fumbduckers, nor is Bitshares.

Based on those statements alone I'm betting on EOS to succeed, because you don't know what you're talking about.

Says the noob

Noob who uses Steemit and cashes out dollars daily without putting anything in...

[stupid_seb]

Haha, Steemit's not a scam you fumbduckers, nor is Bitshares.

Based on those statements alone I'm betting on EOS to succeed, because you don't know what you're talking about.

Says the noob

Noob who uses Steemit and cashes out dollars daily without putting anything in...

I use steemit too.
what is your profile ? I'll follow you.

[Spoetnik]

OK smart ass NOOBS lining up to smooch Larimer's ass...

Explain to everyone why shit head who made many coins before *NEEDED* to repost a port of Bitshares to a scammy ICO on a scammy ICO platform.

What is the difference every single one of you failed to mention here while defending his legacy of scam coins.

Isn't the answer staring you in the face morons?
Read the topic.. How many millions?

You investards and your greedy stupidity is exhausting. 

[the-doctor]

OK smart ass NOOBS lining up to smooch Larimer's ass...

Explain to everyone why shit head who made many coins before *NEEDED* to repost a port of Bitshares to a scammy ICO on a scammy ICO platform.

What is the difference every single one of you failed to mention here while defending his legacy of scam coins.

Isn't the answer staring you in the face morons?
Read the topic.. How many millions?

You investards and your greedy stupidity is exhausting. 

thank you for your smart words. I feel enlightend with your intellegence

[xiaohang07]

EOS is such a weird project: (1) it has a solid team; (2) it has a scammy ICO. It is really hard to say whether it is a legit project or not.

[bitcub]

Good thing I did not engage to this ICO Scam. I was planning to withdraw my ETH from my MEW when I read a Twitter post about this scam. Hope theres a copyright protection or authorization to fork an existing system in github. This would lessen the sprouting of scam icos.

[TheLuckyBastard]

Each big project needs such a topic )

[cryptoedu]

Too much scam everywhere in crypto, human will always be very greedy even in this revolution

[Spoetnik]

I'm not sure what part of this you aren't getting NOOBS.
Quit being greedy idiots and stop to use basic common sense for a second it would become clear.

As long as some fucking notorious asshole keeps pumping out coin schemes..
You all keep eating them up.
More and more and more year after year after year.. As the dev lines his pockets then goes on to yet another project.

If I contribute code will I get a piece of the quarter billion dollar cash grab?
You people make me sick.
You are pathetic clowns.

Do you dipshits tie your own shoes?
I aemz big time ICO's profits coins investar very ROI's and so advices fer teh exchanger haz much richez!

[burnedbyfees]

OK smart ass NOOBS lining up to smooch Larimer's ass...

Explain to everyone why shit head who made many coins before *NEEDED* to repost a port of Bitshares to a scammy ICO on a scammy ICO platform.

What is the difference every single one of you failed to mention here while defending his legacy of scam coins.

Isn't the answer staring you in the face morons?
Read the topic.. How many millions?

You investards and your greedy stupidity is exhausting. 

When you explain how you're being scammed if you're making money from no investment you dribbling spakker.

I'm making money, so I think I'll keep using this Steemit "scam" along with tens of thousands of others.

[Spoetnik]

I'm making money so it's not a scam?
  never heard that one before.

So tell me pajeets.. Name three scams then.
I bet you can't.

[fia_naila]

why did you say coin which listied already is a scam coin ? you can sell it now if you dont like it, you also can make profit from it if you do day trading

[Spoetnik]

why did you say coin which listied already is a scam coin ? you can sell it now if you dont like it, you also can make profit from it if you do day trading

Are you aware that you are posting in the English section?

[burnedbyfees]

I'm making money so it's not a scam?
  never heard that one before.

So tell me pajeets.. Name three scams then.
I bet you can't.

I probably cannot to fit your definition because I'm pretty sure you don't know what the word means. Again, explain how it's a scam if it makes you money with no investment required, key part in bold.

You are a perfect argument for very late-term abortion.

A scam such as a ponzi, or an exit scam requires the victim to have skin in the game, otherwise who's the victim? You're not very clever are you?

[Spoetnik]

You are simply playing dumb.
It's not working.
I know you know better lippy noob pajeet.
You are talking shit to make ROI's so you can buy your first pair of shoes..
Meanwhile the infamous scam crew launched another scam for a quarter billion dollars.

Look dipshits if you can't recognize a blatant scam when you see one then we'll.. Kill your self.
I don't care what you dumb fuck NOOBS and puppets think.
You are arguing against common sense.. In vain.
People not even familiar with crypto would see this and say.. Yeah.. Scammy shit.

Play dumb all you want.
It's all your investards are good at. 

[night.0wl]

Glad Im not a part of this.

[burnedbyfees]

You are simply playing dumb.
It's not working.
I know you know better lippy noob pajeet.
You are talking shit to make ROI's so you can buy your first pair of shoes..
Meanwhile the infamous scam crew launched another scam for a quarter billion dollars.

Look dipshits if you can't recognize a blatant scam when you see one then we'll.. Kill your self.
I don't care what you dumb fuck NOOBS and puppets think.
You are arguing against common sense.. In vain.
People not even familiar with crypto would see this and say.. Yeah.. Scammy shit.

Play dumb all you want.
It's all your investards are good at. 

Haha, that was easy, not very good at this trolling shit are you?

C'mon genius, have another go, explain in your own words why Steemit's a scam and who the victims are. What method is the scam using?

[solarrobot]

Haha, that was easy, not very good at this trolling shit are you?

C'mon genius, have another go, explain in your own words why Steemit's a scam and who the victims are. What method is the scam using?

Steemit isn't a scam, but it's inflation rate when it started was particularly bad, and as other's have said at the time did feel like a cash grab. I'm not convinced that the team isn't extremely selfish in the economic aspects of it, and clearly made an attack on ethereum the way they designed their ICO.


https://steemit.com/eos/@eosio/an-update-from-block-one-ceo-brendan-blumer
This blogpost, by the main PR dude for EOS, is informative. I'll let you make up more of your own mind about it cause it certainly isn't black and white.
I don't think i like their distribution model, but I do think they will end up with a product that may be worth that amount of money. Cash grab sounds kinda right, but maybe they are really getting what it's worth?

My biggest grievance with it, and i think is a really big deal is that the funds are available to them immediately. This should always be a big no no, and I think investors should demand that ICO's should have better controls in this way to make sure developers deliver on their promises.

[burnedbyfees]

Haha, that was easy, not very good at this trolling shit are you?

C'mon genius, have another go, explain in your own words why Steemit's a scam and who the victims are. What method is the scam using?

Steemit isn't a scam, but it's inflation rate when it started was particularly bad, and as other's have said at the time did feel like a cash grab. I'm not convinced that the team isn't extremely selfish in the economic aspects of it, and clearly made an attack on ethereum the way they designed their ICO.


https://steemit.com/eos/@eosio/an-update-from-block-one-ceo-brendan-blumer
This blogpost, by the main PR dude for EOS, is informative. I'll let you make up more of your own mind about it cause it certainly isn't black and white.
I don't think i like their distribution model, but I do think they will end up with a product that may be worth that amount of money. Cash grab sounds kinda right, but maybe they are really getting what it's worth?

My biggest grievance with it, and i think is a really big deal is that the funds are available to them immediately. This should always be a big no no, and I think investors should demand that ICO's should have better controls in this way to make sure developers deliver on their promises.

Well, that's certainly a more reasoned position than the other guy. My main issue is the use of the word "scam" by others. I don't actually disagree with much of what you've said. However; Steem is literally designed to inflate for 3 years. It's not a store of wealth like Bitcoin, it's merely there to give people voting power on Steemit and you don't need to buy any when using the platform, you get more than enough through posting along with your SBD rewards. Steem is not supposed to be your typical altcoin, yes you can buy and sell it but it's more of a tool.

Steemit is in no way a scam,anyone can sign up for a free account and start earning SBD through writing without spending a single penny.

As for EOS, if the developers run off with the money then yes it's a scam, until then you might call it overpriced, it might be underpriced but people know what they're getting into. There's been no reason to think they are "scamming" thus far, using the correct definition of the word: "scam" rather than it just meaning : "something I don't like."

Steemit was not a scam, Bitshares wasn't a scam and I strongly doubt EOS will be. I think it will be a finished product when the ICO is done and likely worth several times more than the token is now.

[dipok07]

it will be.....nothing to say

[burnedbyfees]

it will be.....nothing to say

It will be what?

[slaman29]

Well, that's certainly a more reasoned position than the other guy. My main issue is the use of the word "scam" by others. I don't actually disagree with much of what you've said. However; Steem is literally designed to inflate for 3 years. It's not a store of wealth like Bitcoin, it's merely there to give people voting power on Steemit and you don't need to buy any when using the platform, you get more than enough through posting along with your SBD rewards. Steem is not supposed to be your typical altcoin, yes you can buy and sell it but it's more of a tool.

Steemit is in no way a scam,anyone can sign up for a free account and start earning SBD through writing without spending a single penny.

As for EOS, if the developers run off with the money then yes it's a scam, until then you might call it overpriced, it might be underpriced but people know what they're getting into. There's been no reason to think they are "scamming" thus far, using the correct definition of the word: "scam" rather than it just meaning : "something I don't like."

Steemit was not a scam, Bitshares wasn't a scam and I strongly doubt EOS will be. I think it will be a finished product when the ICO is done and likely worth several times more than the token is now.

Don't worry. Everyone uses scam here easily. A lot of other words used carelessly: blockchain, investment, crypto. Maybe it is unfair to call EOS a scam, but there are many, many causes of concern, most importantly the way the ICO is run. It makes claim to be fair, but is absolutely unfair. There is nothing wrong with building on same codebase, but EOS was not marketed transparently as such - plus, the original comparison showed only minor edits to Bitshare code. That is not worth to justify running a multi-million one year long ICO.

It's not just overpriced - it is just not fair. It is marketed to different music than it is playing.

[stupid_seb]

Haha, that was easy, not very good at this trolling shit are you?

C'mon genius, have another go, explain in your own words why Steemit's a scam and who the victims are. What method is the scam using?

Steemit isn't a scam, but it's inflation rate when it started was particularly bad, and as other's have said at the time did feel like a cash grab. I'm not convinced that the team isn't extremely selfish in the economic aspects of it, and clearly made an attack on ethereum the way they designed their ICO.


https://steemit.com/eos/@eosio/an-update-from-block-one-ceo-brendan-blumer
This blogpost, by the main PR dude for EOS, is informative. I'll let you make up more of your own mind about it cause it certainly isn't black and white.
I don't think i like their distribution model, but I do think they will end up with a product that may be worth that amount of money. Cash grab sounds kinda right, but maybe they are really getting what it's worth?

My biggest grievance with it, and i think is a really big deal is that the funds are available to them immediately. This should always be a big no no, and I think investors should demand that ICO's should have better controls in this way to make sure developers deliver on their promises.

I made $3,000 on Steemit posting holiday pictures and recipes. Maybe it's a scam... but then it's a good one!!
It's still a pain to get the STEEM out... "power down" requires 1week wait for 10% of the assets.

Nevertheless, I use a nice Chrome bot to vote and I make $1 to $2 per day... that's $500 per year. Not bad in the end, at least better than POS stuff. (even if I prefer POS pooling... :-) )
Bonus points if you are a girl with "assets": You can make a fortune on steemit speaking about literally anything!!


Back to EOS:
Devs are good
Idea is good

but ICO was shady as hell....

I went in and sold everything. It's overpriced at the moment. Nothing got out of the pipeline yet. I am not a fan of Scam Larimer (as a person): he deliberately downvotes and hides steemit posts which are against EOS: someting weird there... he should not give a sh1t bc he is already filthy rich.

[Spoetnik]

You are simply playing dumb.
It's not working.
I know you know better lippy noob pajeet.
You are talking shit to make ROI's so you can buy your first pair of shoes..
Meanwhile the infamous scam crew launched another scam for a quarter billion dollars.

Look dipshits if you can't recognize a blatant scam when you see one then we'll.. Kill your self.
I don't care what you dumb fuck NOOBS and puppets think.
You are arguing against common sense.. In vain.
People not even familiar with crypto would see this and say.. Yeah.. Scammy shit.

Play dumb all you want.
It's all your investards are good at.  

Haha, that was easy, not very good at this trolling shit are you?

C'mon genius, have another go, explain in your own words why Steemit's a scam and who the victims are. What method is the scam using?

Calling a scam.. A scam makes me a troll?
You NOOBS and puppets played that card on the previous pages already.
You will find that with those explainatations you keep ignoring and.. Refusing to address specifically.

Ahahahaha I sure hope that was not your A game profiteer.
Try again?

There is nothing legit about an ICO.. And particularly an extra crooked rigged one to boot.

[solarrobot]

Calling a scam.. A scam makes me a troll?
You NOOBS and puppets played that card on the previous pages already.
You will find that with those explainatations you keep ignoring and.. Refusing to address specifically.

Ahahahaha I sure hope that was not your A game profiteer.
Try again?

There is nothing legit about an ICO.. And particularly an extra crooked rigged one to boot.

It's just that in general people are more reasonable than you.  You can call all ICO's a scam... are all Kickstarter campaigns scams too?

I'm not saying people don't scam using an ICO or Kickstarter, just you flap your mouth with your penguin with it's AKs, just ruining definitions of words. It's mostly just confusing to people and your attempts at warning people about the dangers that actually do exist go unheard because of your approach.

[slaman29]

I made $3,000 on Steemit posting holiday pictures and recipes. Maybe it's a scam... but then it's a good one!!
It's still a pain to get the STEEM out... "power down" requires 1week wait for 10% of the assets.

Nevertheless, I use a nice Chrome bot to vote and I make $1 to $2 per day... that's $500 per year. Not bad in the end, at least better than POS stuff. (even if I prefer POS pooling... :-) )
Bonus points if you are a girl with "assets": You can make a fortune on steemit speaking about literally anything!!


Back to EOS:
Devs are good
Idea is good

but ICO was shady as hell....

I went in and sold everything. It's overpriced at the moment. Nothing got out of the pipeline yet. I am not a fan of Scam Larimer (as a person): he deliberately downvotes and hides steemit posts which are against EOS: someting weird there... he should not give a sh1t bc he is already filthy rich.

Steemit is not scam but yes, you see newbies with big girl assets they climb so fast for... nothing. Just post a photo and some rubbish. Then you got those writers who work hard for original content got nothing. That's not a scam. Just the way the gamers game.

[.pacman.]

Any proof? Not to say that your arguments are not viable. But in order to make it plausible proof is needed

WOW holy fuck.. you are the first commenter.
And i seen this play out exactly the same before lots by yet ANOTHER noob account.

Either you are a brain dead idiot or can't read or.. are acting like a deceitful scammer.

You god damn tell me smart fucker if they need 170 million god damn fucking dollars for a Bitshares fork.
Proof ?
Yeah ...you prove they need even 1 fucking million.. let alone 170.

You all out there are scammy morons.
You are not smart but instead shady greedy losers.
You make crypto look like pure dog shit.
I don't like you and i am not glad you are here.
Go fuck yourselves.

+1000 for Spoetz!

Laimers operandis = perma_shady.
Proto, BTS, Obit, Steem, and now EOS.
Hype dump.

They [the BTS crew] launches fairly good products.
Over priced = HELL YES.
Decentralized = not really, DantheMan is the Rainmaking king.

Crypto needs to declare the different classes of projects ASAP.

[Gaius Cryptus Tradius]

I think it is strange the 365 day ICO, can anyone explain what the actual purpose of this is? Any other than collect more money?

[ShameOnCrypto]

I think it is strange the 365 day ICO, can anyone explain what the actual purpose of this is? Any other than collect more money?

It was desiged like this so everyone can have a fair chance of getting some EOS.
If you look at 'normal' ICOs there is a possibility that a whale comes and buys 70% of the tokens (happened in BAT ICO).

[burnedbyfees]

There's a common theme among the "EOS is a scam" people. Your posts are all difficult to read due to the author's lack of basic writing skills. I'm not talking about the people who state clearly why they don't like it and give real reasons for thinking that way.

Clearly the "dumb money" thinks it's a scam. I think the smart money will be buying a couple of dozen EOS tokens and seeing what happens with them. This thread needs to be bumped a couple of years from now to see who got it right and how much those tokens (or EOS) priced at around $1.80 today could have been sold for at their peak.

Steemit and Bitshares definitely are not scams, find me a single victim of this undefined "scam" to prove otherwise. I and many others on here use Steemit daily and make money from it without buying any Steem at all. First define what the scam is, then who the victims are and I might bother replying again to this but as far as I'm concerned this isn't getting anywhere.

"It's a scam!"

"How, who's being scammed?"

"Erm...it's a scam noob Pajeet"

 

[Gaius Cryptus Tradius]

I think it is strange the 365 day ICO, can anyone explain what the actual purpose of this is? Any other than collect more money?

It was desiged like this so everyone can have a fair chance of getting some EOS.
If you look at 'normal' ICOs there is a possibility that a whale comes and buys 70% of the tokens (happened in BAT ICO).

Oh, that makes sense. I notice the same problem with IGNIS ICO right now. Whales keep buying up the stacks. So open is maybe fairer

[Spoetnik]

Calling a scam.. A scam makes me a troll?
You NOOBS and puppets played that card on the previous pages already.
You will find that with those explainatations you keep ignoring and.. Refusing to address specifically.

Ahahahaha I sure hope that was not your A game profiteer.
Try again?

There is nothing legit about an ICO.. And particularly an extra crooked rigged one to boot.

It's just that in general people are more reasonable than you.  You can call all ICO's a scam... are all Kickstarter campaigns scams too?

I'm not saying people don't scam using an ICO or Kickstarter, just you flap your mouth with your penguin with it's AKs, just ruining definitions of words. It's mostly just confusing to people and your attempts at warning people about the dangers that actually do exist go unheard because of your approach.

You scammy NOOBS / puppet accounts are still playing games.
The first post here summed it up.
The fact Spoetnik thinks "ALL" ICO's are scammy does not change the reality here.
Which is?
The Larimer scam crew has been behind plenty of shady coins.
There was no explanation put forth why he needed to port Bitshares to the Ethereum scam platform..
Except one reason.
Or I should say 180 million of them
Are we ignoring the phenomena of mass ETH ICO scam coins being peddled in crypto?

Larimer simply seen the shitstorm and wanted a piece of the free raining money.

You know I am not really sure what it is you guys think you are defending here..
I brought up the point of the thing is questionable at best.
Then you need to Guage what is being paid out for it.
You all think paying 200 million dollars for a Bitshares port on Ethereum is a fair and rational and legit thing?
Seriously is that what you dumb fuck shady puppet account NOOBS are telling me?
NOOBS?
Ya.. NOOBS.
Because I have been here for years and I am familiar with what is fair and reasonable.
This shit here is a retarded blatant cash grab.
From a notorious shitcoin scheme peddler.
Feel free to dig into the past of Larimer..
Trust me there is plenty of scam topics on his ass here.. Just Google it.

Hmm maybe I should clone and port some other coin to Ethereum.. Like maybe the scam scheme coin Blocknet then you all can line up to defend me holding my hand out out for a quarter billion dollars in BITCOIN.
Fair right?

It blows my damn mind how scammy greedy and pathetic and inept most of you are here in crypto.
All I see is morons trying to cover up shenanigans so they can keep on squeezing more BTC profits out of the Altcoin scene.
The bar just gets lower and lower and it fascinates me just how sleazy you will all take this shit.
Like what next?

[chryspano]

It sums it up very nice...

https://steemit.com/bitcoin/@keiserreport/how-i-learned-to-stop-worrying-and-love-the-fud

[Spoetnik]

It sums it up very nice...

https://steemit.com/bitcoin/@keiserreport/how-i-learned-to-stop-worrying-and-love-the-fud

Yup it does.
You posted a link to a scam coin from none other than the same scammer as this coin.
The kicker is why..
Those steemit links are monetized.
People post them to make money off the block chain blogging ICO scheme coin platform.
So yeah it sums it up.. You plan on making money off of that url you posted.
Which sums up this topic.. Shady NOOBS posting garbage here for cash money fiat Bitcoin ROI's.  

[Obi2024]

i do not know if it is Scam of not, but seeing it on the exchange, i was considering buying the coin now that it is down, is it a good idea or i should stay away?

[ElliottHe]

I just bought 2000+ EOS. Hopefully it's not a scam. At least the DEV team is working on the code every day. Let's see what will come out.

[Lizzie_Girl]

This is the second post about this. Glad to see the community working together to expose these scams. You have saved me some btc so Thank you so much.

[mining_spaceship]

I'm trying to understand why there are so many people pouring money into it, when the developers themselves publicly say that this should have no value.

[clif_high]

a very well organized scam it is. Some profits can generate, though...

[alexpro401]

This is a serious blow for the market, if it is really a scam, such products disgrace the whole idea.

[PatioCrasher]

I remember when ETH was called a scam back in 2013. I didnt buy any then.  I bought some EOS this time and I guess a lot of others did too. The chinese certainly do not want to miss this one I think.

[Spoetnik]

i do not know if it is Scam of not, but seeing it on the exchange, i was considering buying the coin now that it is down, is it a good idea or i should stay away?

Well.. What is it you think is a scam in crypto?
Seeing a trade symbol on an exchange doesn't exactly make it legit now does it?

The reality is you all don't care.
All you ask is can I make money off it.
If you can then you defend the scammy bullshit.
There is zero integrity here.
No one will define what a scam is even though it was ALREADY defined years before the little noob pajeets got here.

Pretty simple shit.
If you ever made or bought an ICO coin then you are a scam supporter.
No ICO coin will EVER accomplish anything in the real world by legit people in the general public.
I shouldn't have to say why either. Due diligence much idiots?
The ICO is scammy by design.
It's how they work technically. So the public flooding in to support one will never happen.
The only people who do support them are the sleazy greedy loser pieces of shit earth can attract here.. A full gambit of chuckle fucks and shit bird's.. None with a shred of class or integrity.
Just shady nameless losers hoping to exploit Bitcoin reputation concept and name to suck cash money fiat out of around 10 thousand worthless scam coins.

This retarded bullshit is just a shitcoin circle jerk fer teh ROI's.

PS:
@PatioCrasher
I started a scam topic on Ethereum when it launched in 2014.
..not 2013 noob

[solarrobot]

i do not know if it is Scam of not, but seeing it on the exchange, i was considering buying the coin now that it is down, is it a good idea or i should stay away?

Well.. What is it you think is a scam in crypto?
Seeing a trade symbol on an exchange doesn't exactly make it legit now does it?

The reality is you all don't care.
All you ask is can I make money off it.
If you can then you defend the scammy bullshit.
There is zero integrity here.
No one will define what a scam is even though it was ALREADY defined years before the little noob pajeets got here.

Pretty simple shit.
If you ever made or bought an ICO coin then you are a scam supporter.
No ICO coin will EVER accomplish anything in the real world by legit people in the general public.
I shouldn't have to say why either. Due diligence much idiots?
The ICO is scammy by design.
It's how they work technically. So the public flooding in to support one will never happen.
The only people who do support them are the sleazy greedy loser pieces of shit earth can attract here.. A full gambit of chuckle fucks and shit bird's.. None with a shred of class or integrity.
Just shady nameless losers hoping to exploit Bitcoin reputation concept and name to suck cash money fiat out of around 10 thousand worthless scam coins.

This retarded bullshit is just a shitcoin circle jerk fer teh ROI's.

PS:
@PatioCrasher
I started a scam topic on Ethereum when it launched in 2014.
..not 2013 noob

Can you tell me what coins aren't scams to you? I'm sure if you are on here you must believe in something besides just scams? Are you a bitcoin maximilist, do you even like bitcoin?

[adam1230]

I was an investor of EOS (small) but now i am out of this project. Looks very suspicious for me. Everyday they are getting huge amount of ETH and dumping them in market.

[chryspano]

I was an investor of EOS (small) but now i am out of this project. Looks very suspicious for me. Everyday they are getting huge amount of ETH and dumping them in market.

Yes they dump the shitty eth, nothing "suspicious" in that. Remember that right now everyone has the chance to swap their shity eth for eos.

[Spoetnik]

i do not know if it is Scam of not, but seeing it on the exchange, i was considering buying the coin now that it is down, is it a good idea or i should stay away?

Well.. What is it you think is a scam in crypto?
Seeing a trade symbol on an exchange doesn't exactly make it legit now does it?

The reality is you all don't care.
All you ask is can I make money off it.
If you can then you defend the scammy bullshit.
There is zero integrity here.
No one will define what a scam is even though it was ALREADY defined years before the little noob pajeets got here.

Pretty simple shit.
If you ever made or bought an ICO coin then you are a scam supporter.
No ICO coin will EVER accomplish anything in the real world by legit people in the general public.
I shouldn't have to say why either. Due diligence much idiots?
The ICO is scammy by design.
It's how they work technically. So the public flooding in to support one will never happen.
The only people who do support them are the sleazy greedy loser pieces of shit earth can attract here.. A full gambit of chuckle fucks and shit bird's.. None with a shred of class or integrity.
Just shady nameless losers hoping to exploit Bitcoin reputation concept and name to suck cash money fiat out of around 10 thousand worthless scam coins.

This retarded bullshit is just a shitcoin circle jerk fer teh ROI's.

PS:
@PatioCrasher
I started a scam topic on Ethereum when it launched in 2014.
..not 2013 noob

Can you tell me what coins aren't scams to you? I'm sure if you are on here you must believe in something besides just scams? Are you a bitcoin maximilist, do you even like bitcoin?

Fuck off.

I am fed up with asnwering the same dumb fuck retorts after sooooooooooooooooooooo many years.

You a new a noob.
Shut the fuck up.
I'm done playing your scammy diversion games assholes.



































YOU

TELL ME what a fucking scam is then asshole pajeets.. comprende scammy smart ass ?

[DreamweaverVCC]

yeah 10/10 scam who the fuck raises so much money for an ICO, when I see EOS launch I am like okay i definitely wont be buying this shit

[solarrobot]

i do not know if it is Scam of not, but seeing it on the exchange, i was considering buying the coin now that it is down, is it a good idea or i should stay away?

Well.. What is it you think is a scam in crypto?
Seeing a trade symbol on an exchange doesn't exactly make it legit now does it?

The reality is you all don't care.
All you ask is can I make money off it.
If you can then you defend the scammy bullshit.
There is zero integrity here.
No one will define what a scam is even though it was ALREADY defined years before the little noob pajeets got here.

Pretty simple shit.
If you ever made or bought an ICO coin then you are a scam supporter.
No ICO coin will EVER accomplish anything in the real world by legit people in the general public.
I shouldn't have to say why either. Due diligence much idiots?
The ICO is scammy by design.
It's how they work technically. So the public flooding in to support one will never happen.
The only people who do support them are the sleazy greedy loser pieces of shit earth can attract here.. A full gambit of chuckle fucks and shit bird's.. None with a shred of class or integrity.
Just shady nameless losers hoping to exploit Bitcoin reputation concept and name to suck cash money fiat out of around 10 thousand worthless scam coins.

This retarded bullshit is just a shitcoin circle jerk fer teh ROI's.

PS:
@PatioCrasher
I started a scam topic on Ethereum when it launched in 2014.
..not 2013 noob

Can you tell me what coins aren't scams to you? I'm sure if you are on here you must believe in something besides just scams? Are you a bitcoin maximilist, do you even like bitcoin?

Fuck off.

I am fed up with asnwering the same dumb fuck retorts after sooooooooooooooooooooo many years.

You a new a noob.
Shut the fuck up.
I'm done playing your scammy diversion games assholes.


YOU

TELL ME what a fucking scam is then asshole pajeets.. comprende scammy smart ass ?

Damn dude, you are craaazy. Or aren't you the one creating a diversion?

[solarrobot]

EDIT: I got confused and thought i was posting in a thread about a different coin, removing my comment.

[sabbathhawk]

This story with EOS is very shady. A lot of accusation, red flags... It will be disaster if EOS will be a scam, not only for Ethereum but for Bitcoin as well. Difficult story, hope, soon we will find answer

[Spoetnik]

i do not know if it is Scam of not, but seeing it on the exchange, i was considering buying the coin now that it is down, is it a good idea or i should stay away?

Well.. What is it you think is a scam in crypto?
Seeing a trade symbol on an exchange doesn't exactly make it legit now does it?

The reality is you all don't care.
All you ask is can I make money off it.
If you can then you defend the scammy bullshit.
There is zero integrity here.
No one will define what a scam is even though it was ALREADY defined years before the little noob pajeets got here.

Pretty simple shit.
If you ever made or bought an ICO coin then you are a scam supporter.
No ICO coin will EVER accomplish anything in the real world by legit people in the general public.
I shouldn't have to say why either. Due diligence much idiots?
The ICO is scammy by design.
It's how they work technically. So the public flooding in to support one will never happen.
The only people who do support them are the sleazy greedy loser pieces of shit earth can attract here.. A full gambit of chuckle fucks and shit bird's.. None with a shred of class or integrity.
Just shady nameless losers hoping to exploit Bitcoin reputation concept and name to suck cash money fiat out of around 10 thousand worthless scam coins.

This retarded bullshit is just a shitcoin circle jerk fer teh ROI's.

PS:
@PatioCrasher
I started a scam topic on Ethereum when it launched in 2014.
..not 2013 noob

Can you tell me what coins aren't scams to you? I'm sure if you are on here you must believe in something besides just scams? Are you a bitcoin maximilist, do you even like bitcoin?

Fuck off.

I am fed up with asnwering the same dumb fuck retorts after sooooooooooooooooooooo many years.

You a new a noob.
Shut the fuck up.
I'm done playing your scammy diversion games assholes.


YOU

TELL ME what a fucking scam is then asshole pajeets.. comprende scammy smart ass ?

Damn dude, you are craaazy. Or aren't you the one creating a diversion?

Sick of you all playing dumb.

[burnedbyfees]

I'm sick of you being dumb.

[Spoetnik]

I am sick of you guys refusing to tell ME ..what is or is not a scam.
Apparently you can take a sketchy coin to begin with Bitshares then port it as a "smart contract"
AKA: port the coin to an ETH ICO coin.
Then.. hold your hand out for 180 million dollars.
And then pretend that behavior is somehow warranted.

Then we have the Larimer crew who are behind other coins with a sketchy past.
Masters of cooking up rigged coins with a new gimmick.

But at the end of the day..
What is the point ?
Why did Bitshares need to be ported to the "smart contract" (ICO coin cloning platform) ?
And why exactly did they need almost 200 million dollars ?

I'm all ears guys.

[KenM]

I've avoided this ICO because the sale structure was so odd. I have a feeling that the people who buy in closer to the end will have a cheaper price than those who bought at the beginning.

[jinni56]

looks like a very carefully thought out plan to collect a lot of ETH while at the same time causing some FUD about Ethereum 'can't scale bla bla, need EOS bla bla'. Of course Ethereum will simply update its network. EOS will never be a competitor.

[amingo51]

All ICOs are scams. Especially there are so many newbies doing ICOs, which makes me laugh. Also these "investors" make me laugh even more.

[siddartha1492]

I think the reason that people are really investing in EOS is because of Dan. He is the man behind Steemit and Bitshares. These platforms might not be super hit, but are still successful. So basically its not the EOS that the investors are betting on, it's Dan that they are betting on. Whatever be the case, I think this coin would not be total scam. Although no one knows what might happen in future.

[Spoetnik]

No.. Dan's coins are not a success and he is linked to others as well.
He cooks up rigged schemes..

[sportscliche]

If people are investing in an ICO entirely because of the presence of a single developer, this introduces a perilous, single-point of failure.  On the plus side, the mandatory investor due-diligence becomes much, much easier -- you simply dig up that person's history on past projects.  This is not the same as relying on 3rd-party opinions expressed in the various forums. 

Your money is at stake.  Do your own research. All the needed information is archived online.

[the-doctor]

In november 2016 ETH was around 4usd and reading about Etherium I just found FUD talk. My personal impression was that is very promising but didn't buy than.. People don't let FUD intervene the logic, maybe tomorrow will be too late.. maybe not... decide for yourself don't ask answers on topics like this

[jman0war]

EOS does sound interesting and I heard Dan make some good points when shilling for EOS.

But what i don't get is why would people buy EOS tokens today?
They won't be used on the anticipated future EOS blockchain, and i didn't see anything in the whitepaper about awarding equal value.

[indopool]

Does not make sense, what evidence if it really is not worth it?

[Hypercube]

Although their ICO format can be questioned, I found EOS to be one of the projects in a pretty active state of development but also with a lot of involvement from the OSS community. It's always a good signal to me.

[HanzoMain]

TBF a lot of coins have no products and still are top 20 in the market cap

[Spoetnik]

If people are investing in an ICO entirely because of the presence of a single developer, this introduces a perilous, single-point of failure.  On the plus side, the mandatory investor due-diligence becomes much, much easier -- you simply dig up that person's history on past projects.  This is not the same as relying on 3rd-party opinions expressed in the various forums.  

Your money is at stake.  Do your own research. All the needed information is archived online.

Exactly.. By all means.
Look up the topics here on Dan's coins.

Then..
Review the topic here.

How many times can the OP and myself point out the obvious?
What part of a 180 million for a Bitshares ETH ICO port don't you get?
Does that sound warranted to you?

Seriously what in the fuck is wrong with you people?

[crypto_ripper14]

I bought a few tokens and just tried to claim. I was shocked that the gas needed was 0.042 Ether ($13.93), but I had no choice to send it. I was then even more shocked this was not enough and I got an out of gas error! WTF?
https://etherscan.io/tx/0xc74c0432018da0c28af2b25cd08682621035a2ad2dbe00e9d59332cf5a7d36b8

Their chat doesn't work either. Any ideas on what the best option is? Try to claim again and waste more GAS or is there a cheaper alternative to cash out?

[carrie_white]

Do you have proof of eos scam, or articles that can prove it, i am also surprised and curious, is it true ico scam or not

[SGToken]

Exchanges should de-list it. Shames on the whole ESP team for defaming crypocurrency.

[crypto_ripper14]

I bought a few tokens and just tried to claim. I was shocked that the gas needed was 0.042 Ether ($13.93), but I had no choice to send it. I was then even more shocked this was not enough and I got an out of gas error! WTF?
https://etherscan.io/tx/0xc74c0432018da0c28af2b25cd08682621035a2ad2dbe00e9d59332cf5a7d36b8

Their chat doesn't work either. Any ideas on what the best option is? Try to claim again and waste more GAS or is there a cheaper alternative to cash out?

Anyone else face this issue?

[somacoin]

imo it's stupid to buy EOS right now because the price will go lower and lower, at the same time you have Bitcoin and Ethereum skyrocketing and there's Tezos just around the corner. No no there's better ways than EOS now. Consider EOS later if there's still some room among the competition but it's not the most important mover for sure. Right now they're grabbing as much Ether as they can because Ether is valuable indeed

[rainbow169]

I guess we will discover whether there is real value in EOS after there is a working product out. I will be cautious to put money in at this stage.

[Cpt_plombeur]

i came to see EOS, buy some and sell quick hopefully.

money for nothing.....

rip eos

[vfrcbv91]

EOS does sound interesting and I heard Dan make some good points when shilling for EOS.

But what i don't get is why would people buy EOS tokens today?
They won't be used on the anticipated future EOS blockchain, and i didn't see anything in the whitepaper about awarding equal value.

This is the usual behavior of most "investors" in bitcoin . Battle altcoins have recently become very popular in the market it's a lot of "dumb money" that is pouring into everything.

[HR]

EOS does sound interesting and I heard Dan make some good points when shilling for EOS.

But what i don't get is why would people buy EOS tokens today?
They won't be used on the anticipated future EOS blockchain, and i didn't see anything in the whitepaper about awarding equal value.

I think the answer to that question depends on your interpretation of FAQ 21 on their website.


21. When will I receive native cryptographic tokens on the EOS Platform?

As mentioned above, EOS Tokens will become fixed (non-transferable) on the Ethereum blockchain within 23 hours after the end of the final EOS Token distribution period which will occur on June 1, 2018 at 22:59:59 UTC. At this point the EOS Token distribution process will be complete and any person who wishes to launch an EOS Platform adopting the EOS.IO Software will be able to generate a JSON file mapping EOS public keys to the fixed balances of the EOS Tokens from the state of the Ethereum blockchain.

The EOS.IO Software is built such that any EOS Platform that adopts the EOS.IO Software will require approval of holders of not less than 15% of the total issued and outstanding EOS Tokens before tokens on such blockchain (the “Blockchain Tokens”) can be transferred. In other words, if the EOS.IO Software is adopted, it will be the responsibility of holders holding at least 15% of the issued and outstanding EOS Tokens to adopt one or more blockchains in order for Blockchain Tokens received on such blockchains to be transferrable.

As block.one will not configure and/or launch any EOS Platform, block.one will have no control over when, how or whether the EOS.IO Software is adopted or implemented, or how, when or whether the EOS Platform is launched. As such, you should not expect and there is no guarantee that you will receive any other cryptographic tokens or digital assets now or in the future.

https://eos.io/faq.html

[stupid_seb]

imo it's stupid to buy EOS right now because the price will go lower and lower, at the same time you have Bitcoin and Ethereum skyrocketing and there's Tezos just around the corner. No no there's better ways than EOS now. Consider EOS later if there's still some room among the competition but it's not the most important mover for sure. Right now they're grabbing as much Ether as they can because Ether is valuable indeed

You should consider putting EOS and TEZOS in the same bag: this strange club of ++$200MM Raised during an ICO.

Do you really expect it to raise more on the short term?

[Traxo]

Dan Larimer's scammy lunacy strikes again with EOS:

https://steemit.com/cryptocurrency/@h0bby1/re-anonymint-are-most-cryptocurrencies-doomed-to-collapse-because-they-re-ico-issued-20170903t195819376z

[GeovanaMoscow12]

Help me, how do we know if an ICO really worth it? How to know if it is not scam

[anasso]

Help me, how do we know if an ICO really worth it? How to know if it is not scam

all ico's that have a price like 1 tokken = 1$ is scam or 100X overvaluated. developers doesn't need millions of dollars to do something.

[sammy.one]

I mean we've got Paris Hilton shilling ICO's now. Mayweather was bad enough. Obvious scam artists are going to head to scam city to scam the suckers. I agree, EOS is a big big sophisticated scam.

[stupid_seb]

Help me, how do we know if an ICO really worth it? How to know if it is not scam

Anything that proposes $200MM for just a good idea on a whitepaper is a scam.. or if not, will LOSE value (see Bancor)

ICO golden rules
1- max $40MM Market capitalisation (I aim $20MM)

2- max raise 50% of this Mcap --> $20MM is freaking more than enough to start a business and hire devs and marketing etc...

3- ideally has an existing structure, or at least a MVP (product). Your call here. Depending on the risk you want to take

4- NEW since this weekend: not Chinese (LOL)

[Coinsdigger]

definitively not a scam, but well promoted and hyped project. Timing was also spot on...
a bit centralised, less secure but faster... on other hands etherum which super decentralised and with the light network will have apparently same speed and scability

[dennyd999]

I still very happy with my profit from EOS, because I taked the risk bought EOS in ICO and sell when it hit the exchange with +300%. It made my summer hollidays. Absolutely amazing project!

But when it will be released it could be too late..unfortunately time in crypto is very important and I hope EOS would have it. Because look we have a lot of competitors allready.

NEO Ethereum of China. Comsa Ethereum of Japan is coming in October. QTUM planing to lunch satelite in space soon...

With EOS release 1 year latter it could be too late..

[blockchainmarketus]

Not only EOS most ICOs use token eth platform. Do they think that they are all scam? Not all ICos are scam if you accused EOS scam because using eth platform. Let see if any eth platform that are based on real project. Coss use eth platform but coss run exchanger itself. That is good ICO

[WSDN]

Help me, how do we know if an ICO really worth it? How to know if it is not scam

Anything that proposes $200MM for just a good idea on a whitepaper is a scam.. or if not, will LOSE value (see Bancor)

ICO golden rules
1- max $40MM Market capitalisation (I aim $20MM)

2- max raise 50% of this Mcap --> $20MM is freaking more than enough to start a business and hire devs and marketing etc...

3- ideally has an existing structure, or at least a MVP (product). Your call here. Depending on the risk you want to take

4- NEW since this weekend: not Chinese (LOL)

Most of ICO is just a promise from dev. Even some ICO have demo like bancor! So just pray your God when invest something

[nutildah]

Even if the ICO isn't an intentional scam, nearly all tokens are way overpriced by the time they hit exchanges. I've read up on EOS and will not touch it with a bargepole even though it's newly listed on Kraken. I really can't understand why so many people are obsessed with ICOs as that ship sailed years ago! All you have to do is wait few weeks for a token to find its market price once it's listed on an exchange. Another example is Polybius which is not yet listed on a decent exchange and it's value had tanked by over 50% almost immediately after the ICO ended.

Is EOS as scam? Probably not.
Is it overvalued? Hell yes!
Will it drop below $1? Yes!
What price will I buy at? Probably 50c, but only $500 worth to start with.

He was right as of 3 days ago. I think this remains the case. Its Schoedinger's ICO -- its both a scam and not a scam at the same time. Or perhaps morality is complicated and nothing is black and white.

[buddynuno]

I did ride the EOS wave when it was added to Bitfinex but I am not going to invest in it unless it hits 10 cents or below because Larimer created Bitshares and Steem and left those projects so nothing is guaranteeing me that he won't do the same with EOS.

[Spoetnik]

Help me, how do we know if an ICO really worth it? How to know if it is not scam

all ico's that have a price like 1 tokken = 1$ is scam or 100X overvaluated. developers doesn't need millions of dollars to do something.

Coins were created just fine before we started 100% premining them.

Take BlockNET for example..
The dev said he had 75% of the code completed before he posted his simple JPEG ANN ICO topic.
I asked him.. Why do you need 1 million dollars ?
He said "to ensure it's a success" 

[DirtyMartini]

Its Schoedinger's ICO -- its both a scam and not a scam at the same time.

Haha! Great comment, you've nailed it...

So many question marks with EOS. Terrible ICO terms, and I can't believe how many people are jumping on the hype wagon right now.
Many people purchasing through the ICO have ended up paying more than on the exchange due to all the FOMO.

There's still 9 months left people! I'm just going to keep my eye on this and if I feel like it I might buy some over Xmas/NYE while everyone's snoozing.. 
To go in now and at this price, is ludicrous with all the coins they're dumping. People are just hearing the words "..the next Ethereum" and going in balls deep..

[siddartha1492]

Its Schoedinger's ICO -- its both a scam and not a scam at the same time.

Haha! Great comment, you've nailed it...

So many question marks with EOS. Terrible ICO terms, and I can't believe how many people are jumping on the hype wagon right now.
Many people purchasing through the ICO have ended up paying more than on the exchange due to all the FOMO.

There's still 9 months left people! I'm just going to keep my eye on this and if I feel like it I might buy some over Xmas/NYE while everyone's snoozing.. 
To go in now and at this price, is ludicrous with all the coins they're dumping. People are just hearing the words "..the next Ethereum" and going in balls deep..

This is sure one ICO, which you can love or hate, but can't ignore. It's a must "keep an eye on" ICO!!

[Spoetnik]

Its Schoedinger's ICO -- its both a scam and not a scam at the same time.

Haha! Great comment, you've nailed it...

So many question marks with EOS. Terrible ICO terms, and I can't believe how many people are jumping on the hype wagon right now.
Many people purchasing through the ICO have ended up paying more than on the exchange due to all the FOMO.

There's still 9 months left people! I'm just going to keep my eye on this and if I feel like it I might buy some over Xmas/NYE while everyone's snoozing.. 
To go in now and at this price, is ludicrous with all the coins they're dumping. People are just hearing the words "..the next Ethereum" and going in balls deep..

This is sure one ICO, which you can love or hate, but can't ignore. It's a must "keep an eye on" ICO!!

No because ICO's are scammy by design.
It's how they work..
Pieces of shit wanted to side step fair launched mined coins so they invented the IPO Coin.
Then i made them change the name a few times.
They stuck with ICO.
The idea was to simply keep pounding out more coins relentlessly added to exchanges for profit.
And the need to own mining hardware which i might add is a sign of support when buying them was removed from the equation.
This was done under the guise that you can simply cherry pick terminology etc from the REAL REGULATED STOCK MARKETS
..then pretend it is like the same thing.
Only it's not.
An IPO is regulated.
A crypto currency is mined and launched fairly.
The ICO is neither of these.

You can put it to bed pajeets.
I can go on ALL MOTHER FUCKING DAY pointing out how each and every single minute tiny little aspect of ALL 100% of every ICO ever made is scammy.
It is by design.
It is what they are.
It is how they work.

It's deadly simple scammy fucking loser assholes.

You are worthless pieces of shit that ruined crypto and contribute nothing of value to getting a worthy fair and proper digital currency adopted by humanity.
Instead you are scummy dregs piling in here supporting raw garbage for profits.
Bitcoin profits.

You shouldn't be here.
Want money ? Get a job pajeets.

You can keep an eye on my middle finger Investards.
..or the door for when the cops come for your tax fraud.
Paid your taxes sleazy greedy worthless crypto-douche bags ?

[ChromaticStar]

Help me, how do we know if an ICO really worth it? How to know if it is not scam

Anything that proposes $200MM for just a good idea on a whitepaper is a scam.. or if not, will LOSE value (see Bancor)

ICO golden rules
1- max $40MM Market capitalisation (I aim $20MM)

2- max raise 50% of this Mcap --> $20MM is freaking more than enough to start a business and hire devs and marketing etc...

3- ideally has an existing structure, or at least a MVP (product). Your call here. Depending on the risk you want to take

4- NEW since this weekend: not Chinese (LOL)

I wouldn't say there needs to be a cap on an ICO. Placing a cap on it means it sells out quickly and the speculators who managed to get in can sell for a profit once it hits the exchanges. Who would you rather have the money for the ICO? There's only two options, speculators or the developers. Since the project relies on initial funding to survive, I'd rather the developers get the money than some speculator who happened to contribute a microsecond before everyone else.

I'm buying EOS as a hedge, in case it really is the ETH killer. I don't like Larimer, but in case he's onto something, I can't risk losing if ETH can't scale or falls behind.

[alexjhons]

LOL, 200m+ ICO for Bitshares fork? 
The madness in crypto continues to exploide 

yes there is some grey area,
But still, its looks better than Tezos and file coin.

Block.one claiming for completion of version 1.

dead line was 22spetember.


so hope we can see some changes,

if they fail on 22 sep. release.

then it would be better to stay away from this project.

[CUNÉGONDE]

Anything, as long as there are Chinese people involved, you should worry about some.

(no discrimination, just the chinese are more interested in money. but still, you can not hesitate to join the envy of the Chinese people, as long as you want to make money.)

[malmeister]

As good as advice as any that I can find out there for identifying potential ICO scams:

https://steemit.com/cryptocurrency/@icoexaminer/how-to-identify-fraudulent-icos-ten-tell-tale-signs-to-put-on-your-checklist

In an unregulated market, I definitely don't invest more than I am able to lose - despite the cries about China's recent ban on ICOs, I actually think that it has the potential long-term to work out in our favour - and crytos (not just ICOs) will rocket.

[solarrobot]

LOL, 200m+ ICO for Bitshares fork? 
The madness in crypto continues to exploide 

yes there is some grey area,
But still, its looks better than Tezos and file coin.

Block.one claiming for completion of version 1.

dead line was 22spetember.


so hope we can see some changes,

if they fail on 22 sep. release.

then it would be better to stay away from this project.

They are accomplished developers. you can follow most of them on older projects on steem.  These guys are developers not scam artists.  They are putting out regular updates, both theoretical as well as actual code. The ICO happens over a year, and at the end of the year they will have a working product... It is way better than 99% of ICO's

[nettweet]

2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only: $181,295,950 (ico address here, also note the ETH that has already been moved out)

entire ecosystem suffers because of this

[damujen]

How do i bet against this eos thing? I bet price will be 1/2 todays price in 1 week.

Bets?

shorts are open on Bitfinex

[solarrobot]

2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only: $181,295,950 (ico address here, also note the ETH that has already been moved out)

entire ecosystem suffers because of this

This is true, I do think that the start of the EOS sale marked the start of the bear market. I think they did sell a shit ton of their ETH immediately.  As the price continues to drop however, i'm less concerned. At this point it doesn't seem like they are going to be getting the $1b that it looked like in the beginning. Still think EOS will be a successful project though, maybe in the future the ICO for the project will seem reasonable.

[SuWide]

What a scam.

- permanent ICO
- Coin has no rights
- BitShares fork
- last commit on the 29th of September in Github

[HackersHub]

Before someone tears into my thoughts, im just saying I might be completely off and Im new to this forum, so have some mercy.
But what I see with EOS is that they raised and still are raising a huge portion of ETH Market

lets say they manage to raise 500 Million + USD worth of ETH - Considering the current markt cap of ETH - Around 30 Billion USD
this means that they own about 16%+ of the ETH market cap. and the more they raise the more they own.

Maybe they need all that funding, not for development (Totally agree that its major overkill), but to completely flood the market with ETH causing a huge supply and inducing massive panic among ETH holders. Also you might say that by them flooding the market they are hurting themselves as the ETH price drops, but its like a poison pill, you hurt yourself but your competitor more. (plus this whole year and already cashing in enough ETH to develop their tech, means that they would be ready to replace/seriously compete with ETH)
We have seen in the past that ICO's selling ETH to raise fiat for investments have caused panic. Imagine what 500 million or a billion would do the ETH.
They want to be the ETH competitor, so I could figure out multiple ways how having a huge portion of competitors coins could be advantageous, once you are ready and have developed your own tech.
But then again maybe im missing something very obvious. 
If this strategy is a legitimate strategy, it could be smart.
Personally I would only considering buying EOS at around 0.10 and see what their methods will be in when the ICO ends.
 

[PadenoM]

i bought hundred 

[AnarchyEvo]

Once there ICO is over and they release the mainnet then EOS will rise to 5$ minimum in the first 3 Months.

[SuWide]

they say "most advance platform" and fork bitshares???  

Time to market is crucial. ETH has a so massive advance. Look at ETHs ecosystem.

Even NEO will have problems to compete with ETH and they have huge support base.

EOS collected a huge amount of money and there is no Main Net??

Look at the latest commits. They are currently fixing the typos which were made by the bitshares developers.....

https://github.com/EOSIO/eos/commit/699d1736513deea58f8d342b49288dee9d1ab571

[etter]

Come on, guys, let the people make some money :-) But seriously, so frustrating that people are managing to make things look legit, when they are not. I guess in the future we'll see movies about ICOs and stuff, like Ocean's Eleven :-) Where each team member will have a role in scamming people :-)

[ChromaticStar]

they say "most advance platform" and fork bitshares???   

Time to market is crucial. ETH has a so massive advance. Look at ETHs ecosystem.

Even NEO will have problems to compete with ETH and they have huge support base.

EOS collected a huge amount of money and there is no Main Net??

Look at the latest commits. They are currently fixing the typos which were made by the bitshares developers.....

https://github.com/EOSIO/eos/commit/699d1736513deea58f8d342b49288dee9d1ab571


EOS tokens will be worthless in two years. For the first time: "mark my words!"

The EOS developers are the BTS developers. If anyone knows how to fork BTS, it would be them.

ETH may have a head start and I do have a lot of coins, but if it is too slow to scale, it won't matter. For me, EOS is at worst a hedge, at best ETH's successor.

[romeo111]

I have seen many opinions, that some ICO is a scam but we can't know if it realy is a scam or not. Time will prove it.

Yes Dear,
I am agree with your comment. Time will proved it, it's a scam project or not.
good idea. i like your decision because see here: https://coinmarketcap.com/currencies/eos/#markets

[dunikowski]

I am in blockchain business for few months now and reading all the info about ICO scams and risks seems impossible for a normal person.
So the idea is to gather it all in one known to all place, open to edit, easy to use, decentralized and fool proof (we will see). Try it out:  ico.scam.network

Maybe it catches, maybe it won't, hopefully saves throwing someone's money upfront. (sry for bad english)

[sbrys]

I don't think EOS is a scam. Im not sure it will be a success but the reasons for calling it a scam are not legit to me :

- they don't need the money to develop EOS. Indeed and they are open about it. At best they will use the funds to create apps on EOS. They didn't ask for this amount of money, its us giving it because we don't want to miss the next best thing

- Token is worthless. Are Ether tokens are worthless no ?

- Bitshares fork. Where is this coming from ?

- Dan Larimer left other projects. So what ? He didnt leave them in misery did he ? How does that impact the EOS project ?

- Year long ICO. Ok its long but how does it make EOS a scam ?

Maybe they will be late at the party and yes it's a risk investing in it. But all cryptos are high risk investments...

[barhotka]

I don't beleive they are scam anyway. Buterin is their adviser.

[adamsclavers]

Hi everyone,

This is actually not a reply to the topic but a distress call for donations, just to help and save Humanity here in Turks and Caicos Island in the Caribbean after Hurricane Irma and Maria, the destruction can not be told. I greet you all in the name of the most high and sure hope you are doing just fine. I do not mean to bother anyone reading this but just to plead you for the sake of humanity as we seek donations to rebuild our lives after the deadly hurricanes, please do what you can to save lives. Donate only if you are blessed enough to do so.

Help us here in the Caribbean please, on bent knees i plead you as we urgently need help. You can't imagine what even a dollar will do for us at this time of disaster when there is no food, shelter and electricity even drinking water is a problem because of the Hurricane destruction, this situation can't even be wished an enemy. please donate via bitcoin wallet below as its the fastest way we are getting help for now.

We lost practically everything, any amount donated will be a great help. Just be kind, do good and spread a joy i plead and you will be saving a life, just a dollar will go a long way than you can imagine.

www.bbc.com/news/world-latin-america-41194959
www.c[Suspicious link removed]m/2017/09/22/hurricane-maria-churns-toward-turks-and-caicos-and-leaves-32-dead.html

No donation is too small.
BITCOIN DONATION WALLET
125To6SN8dMsE1qnHr9JxCVqrykEn1Zw68

Thanks and God bless you abundantly as you give, tell a friend to tell a friend please as we need every widow's myth to rebuild our lives again having lost everything.

[ronatrip]

According to their one year token distribution model yes, I can beleive that EOS is scam.

[sbrys]

According to their one year token distribution model yes, I can beleive that EOS is scam.

How can the way of distributing it make it a scam ?

[chryspano]

From EOS telegram channel 

[sbrys]

From EOS telegram channel 

Amen to that

Ok he is biased but I think he might be right

[dunikowski]

Please add EOS to http://ico.scam.network if you please.

[ildario_n]

Why do you think this is a scam, just because the project does not justify YOUR EXPECTATIONS?
It can be seen that the guys got drunk on such fundraising, not everyone stands the test of success

[garciaor2002]

Who are the DEVs?

[demetrius2012]

EOS has been up the past few days, but it's not all what it seems. Check out my 8 minute review over on youtube and let me know what you think: https://youtu.be/uaydLoM3Uoo

[Kavallo]

It is quite surprising to see the price going up, having been used to see it going down most of the time as the supply of the coins grows and grows. It could start to become interesting, unless it is just a pump and dump.

[Anonymous Kid]

Would hardly say this is a scam.

[hefo73]

Check the Chart! Interesting!!!

[timcheerful1]

not all ICO is scam but some pretend not to be....so when bitcoin started like like scan but turn out to be great....so everybody have his own opinion

[cryptonighty100]

f**** Money Burning machine :-(

where´s the 100 + devs Team ?

[Kavallo]

Check the Chart! Interesting!!!

Yes, the chart now looks indeed interesting. I would like some consolidation phase though with a clear set floor to believe this is not just a pump.

[Maren]

Check the Chart! Interesting!!!

Yes, the chart now looks indeed interesting. I would like some consolidation phase though with a clear set floor to believe this is not just a pump.

They have enough ETH from earlier rounds to pump themselves and it's untraceable unless they do something silly.

[adrov]

Hundreds of "SCAM" threads, but apparently people still buying EOS. Anyone could share some insight behind that insane PUMP over last few days?

[Kavallo]

Check the Chart! Interesting!!!

Yes, the chart now looks indeed interesting. I would like some consolidation phase though with a clear set floor to believe this is not just a pump.

They have enough ETH from earlier rounds to pump themselves and it's untraceable unless they do something silly.

So you mean there is some clear evidence of scam in looking at the charts? I'd be interested in the details of this.

[MisO69]

Hundreds of "SCAM" threads, but apparently people still buying EOS. Anyone could share some insight behind that insane PUMP over last few days?

Testnet in December is what is fueling this speculation. With another 520 million coins in the ICO waiting to be bought I see this coming back down to sub 10,000 satoshis. So that's another 7 months of ICO before product release with 2 million coins per day being added to the market.

I wouldn't buy now. But that's just me, I like cheap coins.

Another thing to keep in mind is that BTC could skyrocket when/if CME gets bitcoin futures. If bitcoin hits 25K, which is very possible with all of the news lately about institutional investment firms coming on board.. well EOS isn't gonna be worth more than 5K sat..

I should also mention that this coin is in no way a scam. Dan is one of the most talented programmers in this space. When EOS does finally launch its gonna moon.

[sinner]

I'm seeing a pattern here: the addresses below (and many more; below is a sample) receive ETH from Bitfinex, send ETH to EOSCrowdsale address, receive EOS from crowdsale, then send EOS back to Bitfinex.

One explanation is arbitrage.  But according to https://eosscan.io/ the price for period #146 (which ended 25 min ago) was $1.72, and even tho Bitfinex received a ton of EOS right after period #146, the price didn't drop from $1.78 (it may have dropped 2 cents from $1.80).  If this pattern were just arbitrage, I'd expect the crowdsale price to be closer to the exchange prices.  I have witnessed this many times--ICO price a bit below exchange price, but the exchange price doesn't drop right after the period ends.  In other words, this pattern is probably not part of an arbitrage strategy.  If somebody is accumulating EOS, there is no need to send to Bitfinex.

https://etherscan.io/address/0x4e8c49fab23532ef2ed14058639f55cf45bade1e
https://etherscan.io/address/0x59438809e11ef3a9e197de965abbfd6792092b76
https://etherscan.io/address/0x9fad7a730ba976ea8cbcf8fcd6e4c217386520a8
https://etherscan.io/address/0x188fb986e8932e8469578430acaa5a2c12f5c48b
https://etherscan.io/address/0xe3c2e9512ea8026b68f69012944e89238a011ac7
https://etherscan.io/address/0x71d8b9755bbca15fc491e6520c21e319a574680b
https://etherscan.io/address/0xeae47e717bb68f80180382e954320bed9072676b
https://etherscan.io/address/0x8c63dfba829060122225d22c9d1d33841d8468d0
https://etherscan.io/address/0x47fcb6d294aad242088b026ad87867166c375207
https://etherscan.io/address/0xe777cde17e532f78227554607872adbb36597f06

also, EOS seems to be maybe the most transacted token at finex:
https://etherscan.io/tokentxns?a=0x1151314c646ce4e0efd76d1af4760ae66a9fe30f&p=1

I am a huge fan of Dan Larimer, Steemit is a wonderful platform, and I really like the EOS project.  However, I cannot come up with a legitimate reason for the pattern I am seeing above.  The only explanation I can come up with is that ETH is being recycled into the ICO, and Bitfinex is being used to hide this recycling.  I hope I am wrong about this.  I trust Dan, and I would assume he's probably not involved in handling ICO funds.

Furthermore, suppose recycling of ETH was occurring.  The above behavior is exactly what you would expect to see.

Who has access to EOS ICO funds?
block.one claims the ICO is being audited.. when can I review this audit?

I've seen this: https://eos.io/faq.html but I don't blindly trust, especially with no way to verify.

26. Will block.one be contributing to the EOS Token distribution?
No, during the entire EOS Token distribution period, block.one will not do any of the following:
block.one will not purchase EOS Tokens by any means;
block.one will not pay any dividends to its shareholders; and
block.one will not perform any share buybacks.
block.one intends to engage an independent third party auditor who will release an independent audit report providing further assurances that block.one has not purchased EOS Tokens during the EOS Token distribution period or traded EOS Tokens (including using proceeds from the EOS Token distribution for these purposes). This report will be made available to the public on the eos.io website.

[Kavallo]

The only explanation I can come up with is that ETH is being recycled into the ICO, and Bitfinex is being used to hide this recycling.  I hope I am wrong about this.  I trust Dan, and I would assume he's probably not involved in handling ICO funds.

Furthermore, suppose recycling of ETH was occurring.  The above behavior is exactly what you would expect to see.

What do you mean exactly for recycling? Which would be the logical purpose of this operation? I guess if I think for an hour on this issue I could understand the mechanism by myself, but laziness pushes me to ask you.

[KingScorpio]

Ok just a little recap on the EOS fraud

1. there is no EOS platform as of yet, we are talking about a fork of BitShares. again: there is no functional platform whatsoever as of yet.  In other words: a mere promise is being sold

2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only: $181,295,950 (ico address here, also note the ETH that has already been moved out)

3. creates a fake sense that EOS is a true competitor to Ethereum, but in reality EOS as of now is a simle token run on the Ethereum platform

4. uses ETH raised in the ICO to generate fake price and fake demand on exchanges

The price in only hype thing, EOS team use ETH from crowdsale to hype market, they send 20000ETH to Bitfinex and 2000 ETH to Kraken to do hype, for yunbi.com, lixiaolai is an investor/co-owner and he is member of EOS team too, so the hype in yunbi is crazy.

https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx

In summary,nothing much, just hype with the money from investors, not sure whether this is legal or not.

5. let people buy in, milk the crowd who doesn't know better!


==>  EOS is a very nifty scam to enrich their founders with ETHER, this is what it's all about

we can safely say that there has not been a scam as advanced as EOS in the crypto sphere up to now.

this is an entirely new level of insanity

Look through it!

i question myself all the time what is eos why is it good?
are people question themselves what they are buying

what the hell is an open source company?

is this a company in which all employees are 24h monitored through the internet? who would want to work there? all stock nominated companies are transparent and reporting their businesses regularily what is an open source company seriously? are they reselling relabeled snow from yesterday?

are they selling an online transparent reporting company as something completely new as an "open source company" 

[Jacquelinejk]

yeah, I did not engage to this ICO Scam. I was planning to withdraw my ETH from my MEW when I read a Twitter post about this scam. Hope theres a copyright protection or authorization to fork an existing system in github. This would lessen the sprouting of scam icos.

[KingScorpio]

yeah, I did not engage to this ICO Scam. I was planning to withdraw my ETH from my MEW when I read a Twitter post about this scam. Hope theres a copyright protection or authorization to fork an existing system in github. This would lessen the sprouting of scam icos.

this is currently with distance by far the most successful ico and it looks weird i asked mutliple times what the usage of this eos is and no one answers me,

how is eos decentral when it is based on ethereum

and the eos ceo tells us ethereum and bitcoin arent decentral

[KingScorpio]

Ok just a little recap on the EOS fraud

1. there is no EOS platform as of yet, we are talking about a fork of BitShares. again: there is no functional platform whatsoever as of yet.  In other words: a mere promise is being sold

2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only: $181,295,950 (ico address here, also note the ETH that has already been moved out)

3. creates a fake sense that EOS is a true competitor to Ethereum, but in reality EOS as of now is a simle token run on the Ethereum platform

4. uses ETH raised in the ICO to generate fake price and fake demand on exchanges

The price in only hype thing, EOS team use ETH from crowdsale to hype market, they send 20000ETH to Bitfinex and 2000 ETH to Kraken to do hype, for yunbi.com, lixiaolai is an investor/co-owner and he is member of EOS team too, so the hype in yunbi is crazy.

https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx

In summary,nothing much, just hype with the money from investors, not sure whether this is legal or not.

5. let people buy in, milk the crowd who doesn't know better!


==>  EOS is a very nifty scam to enrich their founders with ETHER, this is what it's all about

we can safely say that there has not been a scam as advanced as EOS in the crypto sphere up to now.

this is an entirely new level of insanity

Look through it!

if eos turnes out to be scam what it looks like you better sell quickly your ethereum before the eos ico ownwers will start doing this, ethereum will drop by 80%+

but i mentioned this issue before, scam icos are systematically better at marketing they dont have to use their funds for the project they just scam the people and use the funds to market more and scam even more,

regards

[raven.tiu17]

they have great devs and project is on going! why did you say that thing? EOS is in the top 14 right now and its keeps on pumping now a days. maybe you're misleading bout the articles you should read the whitepaper

[KingScorpio]

they have great devs and project is on going! why did you say that thing? EOS is in the top 14 right now and its keeps on pumping now a days. maybe you're misleading bout the articles you should read the whitepaper

i read it, what is the use if this?

what is an open source company?

what is that supposed to be?

[Pamelaher]

At the current rate, their ICO will rake in more than a billion. Well if they succeed, good for them. It's true that Dan's cat could use a golden shower.

[KingScorpio]

At the current rate, their ICO will rake in more than a billion. Well if they succeed, good for them. It's true that Dan's cat could use a golden shower.

what are they doing on the caiman islands then?

[bribed]

I dont know if its a real scam, but I stayed away from EOS since day one. As soon as I saw the ICO scheme I thought to myself that this is just a real greedy money grab. Never will touch this, even if it becomes successful. I dont know if its scam though, the founder is legit in cryptospace or not?

[Pamelaher]

At the current rate, their ICO will rake in more than a billion. Well if they succeed, good for them. It's true that Dan's cat could use a golden shower.

As all of this has been known and discussed even before ICO started, that ico windows are lottery, that people will rush in last minutes and overshoot market price.

[ron_mexico]

At the current ETH price they already collected 661 638 352 USD according to this smart contract monitor: https://icomonitor.io/#/0xd0a6E6C54DbC68Db5db3A091B171A77407Ff7ccf

[Hazara]

It's not a scam project, an other company is developing the blockchain, I ll come back later on it, first I need to fill my own bags cus what was airdroped 1 month ago ll moon on July 2018

[DosManos]

i'll tell you what
i was watching this coin when it was 0.7$,
i saw that dan larmier says "we dont need fund because we already funded" , but still he keeps and never ending ICO
then i read more about it and realized that the amount of EOS is not fixed (means they can change the amount when release the platform)
and few more red flags, that you can also find in youtube...
i found a similar project that called Cardano, made a research and found it a lot more reliable coin
but ADA made barely x2 and EOS made almost x5
i really hope that i was right for the long run..

[zantezu]

Nowadays everything seem to be a scam, and the way the word their FAQ kind of confirm those theories but in the same time crypto-currencies are an untapped territory and right now there are a lot or risks associated to them, developers are just protecting their project. That is pretty much the reason why everyone is avoiding the sale of currency in USA. Here they would sue you in no time for anything...
But EOS seem to be a really legitimate project, my only complain is that the creator of EOS is handling 3 projects at the same time... bitshare , steemit and EOS.... that is a lot of stuffs going on.

[burnedbyfees]

This is the second post about this. Glad to see the community working together to expose these scams. You have saved me some btc so Thank you so much.

Well, it was $1.80 when you wrote this, it's now $2.90.

[slysilverfox]

Now at nearly $8.  Only if I new how to get my tokens, they were in my MetaMask, now I cant find them.  I see them in Etherscan.io.  I would pay someone to walk me through claiming them and getting them.  Incredibly annoying to see them go to 6x original purchase price and cannot for the life of me, not matter how many sites I read, and videos I watch, can I figure out how to get these.  Any help would great.

[Red_Sanford]

Now at nearly $8.  Only if I new how to get my tokens, they were in my MetaMask, now I cant find them.  I see them in Etherscan.io.  I would pay someone to walk me through claiming them and getting them.  Incredibly annoying to see them go to 6x original purchase price and cannot for the life of me, not matter how many sites I read, and videos I watch, can I figure out how to get these.  Any help would great.

I don't know how metamask works but I would suggest going to the eos website I thought they had directions on there how to use it

[Spoetnik]

Ah but he did throw away your money morons.
You are forgetting this very scam coin is a port of Bitshares to the ICO cash grab platform.
Why did it need porting over?

And...

What happens to Bitshares supporters now?

Funny enough though Ethereum itself is far more scammy but you line up to bash this while mumbling with Butters cock in your mouth.
Oh and why again does the douche behind soooooooooo many previously abandoned coins need your quarter billion dollar investment?
You mean to tell me he didn't make enough on his previous coin cash grabs?

Scam coin from scammer launched on scam platform.. For Yup.. You guessed it...
Greedy idiot scam supporters.

All totaled you in history probably fed a half billion dollars into Danny the scammers various endless coin schemes?

Proud of yourselves ya fucking losers?

Paid him a half billion dollars.. and.... it's forgotten.
He probably made 5 coins since.

I seen a topic with a guy asking if he should buy Doge coin because it the "year of the dog".
Nope.. the dev should re-release it on the ETH scam coin platform and ICO it.
Well that is if the dev didn't already say he left the doge coin project years ago on Twitter. LOL

Anyway.. the point was huge massive cash grabs and no accountability.
You cut them a blank check then later you lose interest with dad's shiny jingling keys and wander off to the next hyped up scammy bullshit ICO scam coin scheme.. and that will raise double the last one.

When exactly do you all clue the fuck in how twisted & fucked up and perverse this has become ?
Care ?

..not if it's paying out  

[bk2]

Why SCAm  ? its normal cryptocurrency...

No, it's not.

Its the biggest part in my depot for a couple of weeks and the reason, why my depot despite of the last bitcoin price drops is still a nice success.

But on the other hand. I don't have any idea what this coin is useful for. But it doesn't interest me too. I'm happy if the price just continues to go up.

[sunX3]

Nowadays everything seem to be a scam, and the way the word their FAQ kind of confirm those theories but in the same time crypto-currencies are an untapped territory and right now there are a lot or risks associated to them, developers are just protecting their project. That is pretty much the reason why everyone is avoiding the sale of currency in USA. Here they would sue you in no time for anything...
But EOS seem to be a really legitimate project, my only complain is that the creator of EOS is handling 3 projects at the same time... bitshare , steemit and EOS.... that is a lot of stuffs going on.

Wow, I didn't know about 3 projects thing. Really interesting.

Anyway, this kinda does suck considering that a lot of ICOs nowadays are pretty scammy as well. What can you do.

[bk2]

the creator of EOS is handling 3 projects at the same time... bitshare , steemit and EOS....

Ooops, then I own already 2 of his coins. I have a tiny position of Bitshares in my Shitcoin depot.

[defecardo]

EOS cannot be considered a SCAM because it states pretty clear that you are buying something with zero value, that is worthless and won't even be useful in the EOS platform that, by the way, does not exist and may never do. Considering that I don't think EOS is a scam, they are delivering what they are advertising, .... NOTHING!

[Apekool]

At the current rate, their ICO will rake in more than a billion. Well if they succeed, good for them. It's true that Dan's cat could use a golden shower.

what are they doing on the caiman islands then?

The fiscal route, there's no direct taxation on the Cayman Islands.

Don't know if it's a scam or not, but their method of token distribution resembles that of the USD >1971. Handing the coins out to everyone for as long as possible a period, so it's market grows and grows and grows. And then there's a point where tons of people have the coin and traded away their other money. However the token holder doesn't control the network, the developers/team does. And they then also own everyone's money.

gg no re

[Apekool]

i'll tell you what
i was watching this coin when it was 0.7$,
i saw that dan larmier says "we dont need fund because we already funded" , but still he keeps and never ending ICO
then i read more about it and realized that the amount of EOS is not fixed (means they can change the amount when release the platform)
and few more red flags, that you can also find in youtube...
i found a similar project that called Cardano, made a research and found it a lot more reliable coin
but ADA made barely x2 and EOS made almost x5
i really hope that i was right for the long run..

Compared to the 13-14 USD it's worth today, it might be wise to keep an eye out for a possible price drop. The current price is based on nothing more than speculation and trust/belief. The value will eventually have to be determined by the use of the token, which is?

Can't find specifics on that.

[Apekool]

There are some things in the smart contract I don't understand at all.

The day is only 23 hours for example. What does this mean?



I'm not good at reading this, but does the day just "closes" at hour 23? That extra hour added in between days/windows isn't there the last day then? So if you don't claim before the end of the 23rd hour on the last day of sale, you lose all non-claimed tokens?

[Stellina]

It`s not a scam. Many questions will become clearer thanks to the interview https://busy.org/@eosgo/sit-down-q-and-a-with-daniel-larimer-full-video

[hipo32]

I get the feeling that they buy their own tokens,
Look at the amount of ETH invested each day,

It gets to about 6000 ETH till hr before the close and then in some miracles way it gets to 20,000 and the amount is almost the same each day...
this is very strange to me.. 

[favelle75]

they are still collecting eth and there is nothing build until today. with such a huge amount of eth you can hire hundreds of developers and develop what ever you need in few weeks.

[BitLendingClub]

I saw some ICO's on EOS platform. How they work? Or today all of this are ETH-platform ICO's? And why people buy tokens if more and more says that EOS is scam?

[hipo32]

Look,
I dont claim it as Scam,
I just really think that its strange that each day the almost the same amount of ETH is collected and its almost every time happens in the last hr or so that they suddenly collecting all the ETH up to 20,000 , Some ICO barely collecting 20 a day and EOS, that is already trade able in exchange and u can pick it up at sometime  lower price then the ICO still collecting 20,000 ETH each day...

I really think that at this point they just buy back each day their own tokens to prevent price crash...  - I might be wrong but its still weird to me whats going on in there...

[zafaryaqoob]

LoL, Today I have invested more 150 US dollars in EOS coin But In my opinion the EOS, not scam cryptocurrency.

[basb87]

Are there stil people here that believe EOS is a scam? If so, do you have any indicators it is?

[sbrys]

So far there is zero indication it's a scam. People shout whatever mainly driven by price movements.

[manlyxman]

Are there stil people here that believe EOS is a scam? If so, do you have any indicators it is?

So far there is zero indication it's a scam. People shout whatever mainly driven by price movements.

Did you not read the OP? He listed his reasons. Let us know why you disagree. 

[sbrys]

Are there stil people here that believe EOS is a scam? If so, do you have any indicators it is?

So far there is zero indication it's a scam. People shout whatever mainly driven by price movements.

Did you not read the OP? He listed his reasons. Let us know why you disagree. 

Yes I have read it. But all of the reasons mentionned can be applied to every ICO on the Ethereum network.

In fact lets replace EOS by Ethereum in the OP and set the time to 2014. When Vitalik crowd funded there was no Ethereum blockchain and still he was collecting Bitcoin. What the real difference, apart from the ICO structure ?

Also they have kept every promise so far so I dont see any scam indications ?

It is possible EOS will not succeed but calling it a scam is very strange. Didnt see any argument proving that or even giving an indication

[Cryptings]

In my opinion EOS is definitely not a scam.

I know they are hiring aggressively and they are organising EOS meetups to generate community support and awareness.

With so much funding received, it just doesn't make sense for them to not proceed with the platform, it would be shortsighted to risk imprisonment to abscond with ICO funds when they could just continue working on the project and build a more valuable company.


With all the scam projects going about its important to recognise when people are trying to do something decent.

[JuniAiko]

Yes it is a scam.. absolutely. Continue with the FOMO and I will just keep buying more until Mainnet is out in June.

[basb87]

Don't you mean FUD instead of FOMO? 

[KingScorpio]

recently john oliver showed the EOS scam in his show,

[steemium]

recently john oliver showed the EOS scam in his show,

I didn't watch that show, but you can check this one https://www.youtube.com/watch?v=cfv06yLbCfs

Roman Skaskiw, EOS promoter is explaining a lot of things about EOS and I have impression that it's really good project!

[basb87]

recently john oliver showed the EOS scam in his show,

He just made fun of it. Especially of Brock Pierce. That's all.

[CapnBDL]

Ok just a little recap on the EOS fraud

1. there is no EOS platform as of yet, we are talking about a fork of BitShares. again: there is no functional platform whatsoever as of yet.  In other words: a mere promise is being sold

2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only: $181,295,950 (ico address here, also note the ETH that has already been moved out)

3. creates a fake sense that EOS is a true competitor to Ethereum, but in reality EOS as of now is a simle token run on the Ethereum platform

4. uses ETH raised in the ICO to generate fake price and fake demand on exchanges

The price in only hype thing, EOS team use ETH from crowdsale to hype market, they send 20000ETH to Bitfinex and 2000 ETH to Kraken to do hype, for yunbi.com, lixiaolai is an investor/co-owner and he is member of EOS team too, so the hype in yunbi is crazy.

https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx

In summary,nothing much, just hype with the money from investors, not sure whether this is legal or not.

5. let people buy in, milk the crowd who doesn't know better!


==>  EOS is a very nifty scam to enrich their founders with ETHER, this is what it's all about

we can safely say that there has not been a scam as advanced as EOS in the crypto sphere up to now.

this is an entirely new level of insanity

Look through it!

I totally agree with you! Based on their formula, I calculated that the price would constantly fall on the ICO, but what do they do? They again invest their own ETH every step. And it's so stupid and immediately visible, every round at the end of a sudden flies very much ETH. Clowns, there they are!

[makladun]

of courseEOS can`t be considered a scam bcs it states pretty clear that u r buying something with zero value, thats worthless and won't even be useful in the EOS platform that, by the way, doesn`t exist and may never do. Considering that I don't think EOS is a scam, they r delivering what they r just advertising nothing...

[the_viper]

Not only EOS most ICOs use token eth platform. Do they think that they are all scam? Not all ICos are scam if you accused EOS scam because using eth platform. Let see if any eth platform that are based on real project. Coss use eth platform but coss run exchanger itself. That is good ICO

[ramini]

Lol, EOS is the the top ERC20 platform Altcoin today that's why it sets on the 6th mo strongest Cryptocurrency in the market today.
I owned less than hundred EOS coins today and I know it will soon surge and the people who are saying its a scam will no have the right to take on board of EOS' success.

[Igorgnome]

I don't believe in EOS.  I think Cardano is the future. But this project doesn't look like a Scam. The fact that the author wrote the topic negative points that need to be studied, but they do not prove that the team EOS scammers. I think that if you look closely at any project you can find dirt.

[Viewo]

EOS isn't a scam they have just released EOSIO Dawn 3.0 . If they can complete with ETH is a different matter but they definitely have money behind them.

[gamblr]

This aged well.

[upyem2k]

Thanks for this piece of information. It appears you did your findings very well and you are well informed before coming out with this.
You really saved me. I almost invest in that EOS token when I saw it kept increasing in price on coin portfolio.

[definitelynotabot]

I just finished reading through most of this thread (skimmed some, it is long, lol) and I gotta say, WOW. Thanks. Your hard work is much appreciated for posting this topic in the first place, and thanks to everyone for highlighting this....

[Drloipro]

You all out there are scammy morons.
You are not smart but instead shady greedy losers.
You make crypto look like pure dog shit.
I don't like you and i am not glad you are here.
Go fuck yourselves.

[auy]

No, it can not be. Too authoritative people are behind this project and a really working technology that is already being used in their other products.

[sumangs]

I completely disagree on what you've said. The EOS project have good team. With great supply they've reach a $20 price per token. With that great work it is not impossible to complete the project and make their product reach the market for people to buy their service. The project is good since I've read the whitepaper. Maybe you are just impatient that is why you are making false accusations about it.

[madfox11]

EOS is not a scam. The reputation of the project is increasingly superior to other projects. Really hard working team, EOSIO Dawn 3.0 is already available! EOS was $2 when you wrote this topic, it's now $20.

[Ayuluv2001]

Personally I feel that EOS is not a scam. Many Years ago not much people believed in bitcoin as well as ethereum.

Most of the new coins and tokens do not have much trust value until only the price and product evolved greatly then people realised they are true.

After that its all too late

[steemium]

EOS is definitely great project!

I just checked "Mercin from EOS Green, Eric from EOSIO.se, Jimmy from EOSUnion - Ukraine's first EOS Meetup" video
Interesting!

https://www.youtube.com/watch?v=PiCq35N_2Uo

[Bonanzabits]

Of course, EOS is in part a financial bubble, like all crypto-currencies or ICO. But this is not a scam! It is so easy to take and slander a worthy project with a very cheerful technology!

[steemium]

It's not a bubble it's technology
I don't have enough tech skills to take part in it and not enough funds to buy a lot of EOS, but I definitely see potential in it!

[danbitcoin1]

Not sure if it's a scam but the market cap is just obscene, Billions of $s for something that has no product, that's bigger than many global companies. They do have a strong team of developers though.

[saycryptohello]

I do not think that the EOS is a scam project, I see in it a great potential and I see that the project is developing dynamically

[Donovan XXL]

The fact that they ran such a long ICO and raised so many Eth does not mean they're a scam, it just means they are smart.
Now with all that money, not only can they build a great product but they can also bury their number one competitor, Ethereum.
Now, let's wait for Cardano to come out, that will make things interesting.

[DiamonDogs]

This is my first post ever on bitcointalk. I have always read this forum as guest, only reading the comments.
Nevertheless, I really want to comment the following. I want to warn would-be EOS (or similar ICOs) investors, into not loosing their Ether.

Finally someone is pointing this out. I can't believe how greedy the investors have become to actually invest into this madness. They are litteraly giving their ether to the EOS guys. If they want to give money away, the should consider a charity, or maybe a small donation to people like us  
Anyway, I find unacceptable how greedy the developers have become.

Put it this way, make an ICO that last for one year, anyone can contribute from day 1, but the tokens are released daily, during the 1 year period.
Obviously, because the tokens are being released gradually, but the investors have already put their money on the tokens, they are going to be worth much during the first phase, which will only pump the coin by convening the false illusion of good ROI. The good ROI is only for the (very very very very) early investors, that had their tokens on the first days/weeks. By the end of the ICO, the tokens are going to be highly depreciated, and a lot of people would have lost a lot of money.

Please people, think on the ICO terms before investing. Some things to have in mind before investing into an ICO:
* How many coins will be issued?
* How will the coins be distributed?
* What is the roadmap?
* Technical pitfalls, copycats, improvements, etc.
* Most important, how much would the token's market valuation be by the end of the ICO?

It doesn't make sense to invest into an ICO that already started with a 400 million market cap, since just by a 10x increase, it would have reached 4 bln. This is huge! Since there are just a couple of coins that have achieved that.

I can't believe all the greed that is going on with these ICOs.

Anyway, although I'm sad for projects like this (they can bring bad reputation to the cryptoworld once they collapse), I'm happy because the projects in which I have invested are not being flooded, so my capital hasn't been diluted on irrational ICOs.

This is what I need. Thanks before for sharing with us. I like those point of lists.
I always research the ICO project with those points except the "copycats" point. Maybe I will try to do research again and try to make a comparison between several ICO. If I found the ICO is "copycat" its possible for me to uncheck from my lists.

[ngantongan8]

It is quite surprising to see the price going up, having been used to see it going down most of the time as the supply of the coins grows and grows. It could start to become interesting, unless it is just a pump and dump.

[TorbjornE]

On the prospects of the EOS crypto currency is its mechanism, which is capable of processing hundreds of thousands of transactions per second, and given the current problems in the sphere of crypto currency in this aspect, this advantage is even more visible.

This is the reason for popularity.

[DRCCommunity]

If anyone is interested in investigating EOS and help the community get a clearer picture then join our community and earn DRCT tokens doing it.

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We are a blockchain based decentralized Risk Management and digital Project Rating Platform.

[yahata142]

when it will be released it could be too late..unfortunately time in crypto is very important and I hope EOS would have it. Because look we have a lot of competitors allready.

[jlanzago]

I respectfully don't agree with you in respect that EOS is a scam, although you make some compelling points. I think that EOS is a great project, but the ICO structure is diabolic. They have raised much more funds that they will ever need for development. Saying that, the blockchain is very promising. I have myself invested only a little amount, at the early stages, which has grown. So I am happy. But I wouldn't invest more at current valuation.

[steemium]

To all the skeptics about EOS, here is one more proof - people think that EOS will become the next Ethereum
https://blockchainforums.info/topic/321/eos-will-become-new-ethereum

The only thing which makes me sad is that I don't have funds now to buy EOS... 

[martinrep]

they have great devs and project is on going! why did you say that thing? EOS is in the top 5 right now and its keeps on pumping now a days. maybe you're misleading bout the articles you should read the whitepaper

[bibitao60]

I just finished reading through most of this thread (skimmed some, it is long, lol) and I gotta say, WOW. Thanks. Your hard work is much appreciated for posting this topic in the first place, and thanks to everyone for highlighting this....

[steemium]

Guys, guys, both EOS lovers and haters!
There is some work for you available!
https://blockchainforums.info/topic/418/jobs-at-block-one-company-which-develops-eos/3

Jobs are very different, from developers to communication specialists and social media.
I would apply but both locations : Hong Kong and Blacksburg are not good for me..
Also I'm not sure their will take me because of skills...

[EOSclassic.co]

There are certainly some questionable actions taken by the founding members. But lets face it... what crypto project hasn't started out a little shady.

[abitcoin87]

Binance will support EOS Airdrops: IQ, DAC & EON.
https://bitcoinexchangeguide.com/binance-crypto-exchange-to-support-eos-airdrops-iq-dac-eon/

I think on this news the price should rise. Please tell me where the official  thread EOS?

[sonofliberty]

Any proof? Not to say that your arguments are not viable. But in order to make it plausible proof is needed

Great thought, bro. I wish that everybody would have the same attitude towards news, if that would be true, we wouldn't be so volatile about all those fake news spreaded by whales,  hope, we will be more careful about the truth.

[nik9990]

I do not think that all this is true, I think the founders are constantly working on the project and will soon release a new product

[Full]

EOS is really an interesting project, I myself invested in it a year ago, though I sold it early. Now it seems to me too high price, as everyone was waiting for the launch of the network. It's time to go for correction

[sonofliberty]

We always tend to forget the actual definition of the word scam. Scam we could call only the project, that willingly on purpose, from the very beginning wanted to deceive people and steal their money.

[alexjc]

EOS maybe scam, maybe not. I prefer to use privacy coins, like PriVCY. Goof project with professional team, not a scam.

[txsignatoire]

The lack of wealth in the EOS network shows that the top 1.6% of the holders of tokens control 90% of the offer, and the bottom 44% should do only 1% of the EOS. It's so sad for a decentralized currency

[chanc3r]

The lack of wealth in the EOS network shows that the top 1.6% of the holders of tokens control 90% of the offer, and the bottom 44% should do only 1% of the EOS. It's so sad for a decentralized currency

Decentralized for what? That's just a crap thing from EOS team. 4 billions blockchain with so many bugs and as you can see how someone easily discovered a lot of vulnerabilities in EOS.
EOS is a joke. I can say that zilliqa has offered a better platform rather than EOS and it's more scalable.

[crypt0j0e]

If you've been following EOS on twitter and telegram you will find that they have a very supportive community but I do believe like others say that EOS is extremely centralized and with only 21 block producers that raises concern about the possibility of collusion. It's really anybody's guess right now on how long this blockchain will last or if it will even seen mass adoption.

[bittronjay]

If it hasn't already been mentioned EOS does have the 2nd highest amount of comments on Github: https://www.cryptomiso.com/ EOS has nearly 5k comments over the past year. Compared to the 236 comments pertaining to Ripple. Whatever problems EOS may have at least there are people involved to solve those problems.

[hamnghi167]

I mean we've got Paris Hilton shilling ICO's now. Mayweather was bad enough. Obvious scam artists are going to head to scam city to scam the suckers. I agree, EOS is a big big sophisticated scam.

[deloreswest]

Ok just a little recap on the EOS fraud

1. there is no EOS platform as of yet, we are talking about a fork of BitShares. again: there is no functional platform whatsoever as of yet.  In other words: a mere promise is being sold

2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only: $181,295,950 (ico address here, also note the ETH that has already been moved out)

3. creates a fake sense that EOS is a true competitor to Ethereum, but in reality EOS as of now is a simle token run on the Ethereum platform

4. uses ETH raised in the ICO to generate fake price and fake demand on exchanges

The price in only hype thing, EOS team use ETH from crowdsale to hype market, they send 20000ETH to Bitfinex and 2000 ETH to Kraken to do hype, for yunbi.com, lixiaolai is an investor/co-owner and he is member of EOS team too, so the hype in yunbi is crazy.

https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx

In summary,nothing much, just hype with the money from investors, not sure whether this is legal or not.

5. let people buy in, milk the crowd who doesn't know better!


==>  EOS is a very nifty scam to enrich their founders with ETHER, this is what it's all about

we can safely say that there has not been a scam as advanced as EOS in the crypto sphere up to now.

this is an entirely new level of insanity

Look through it!

yet eos was rated by china as the best coin that defeat bitcoin and ethereum. Eos also has the bedt perfomance in this year, with significant grow. Yeah i do think they dont really need that much money  for platform but maybe its for something else, like liquidity, value and many  other things.

[dangtotes]

EOS will become the No. 1 platform for business applications. The Uber, Facebook, AirBnB decentralized will be built on EOS. EOS will take an enormous market share from businesses looking to expand their applications and this will lead to an increase in the value of EOS. EOS is a high-performance, scalable blockchain that can be built into enterprise applications.

[hoangthihuyen18]

i do not know if it is Scam of not, but seeing it on the exchange, i was considering buying the coin now that it is down, is it a good idea or i should stay away?

[Arnhomo]

It is very astonishing to see the cost going up, having been utilized to see it going down more often than not as the supply of the coins develops and develops. It could begin to wind up fascinating, except if it is only a pump and dump.

[luckydevil2021]

I can’t really speak for anyone, but the way I understand there are two main points of contention. 1 - premine aka ico and distribution rather than a pow mine from 0 2 - Dan has started and not exactly finished, or at the very least - in many people’s eyes - not seen his previous projects to the end, sometimes things seem to be a little bit of an over-hype, money grab and move on kinds of situations. I think he’s developed decent stuff, and he’s definitely smart and capable, but it’s hard for me not to share the opinion on point 2. In the end, it's a scam? Maybe it's hard to set limits on this unregulated market, it could simply have been overhyping with the intention of obtaining investors.