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

[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