EOS ICO – Maybe I was Wrong

[Urban Crypto]

I am trying to figure out what my thoughts about the EOS ICO are. Initially, I truly did not understand why people would invest in the project when there were so many disclaimers to the ICO and no product yet in existence.

I wrote two controversial posts on the subject which I will include below. After my initial posts I did more research and watched some of the interviews and presentations of the management team of EOS and it was clear to me that they have a lot more knowledge about the blockchain than I do and have a good track record.

The EOS ICO raised $185 million dollars in the first 5 days and is on track for numbers nobody could imagine. I would have to say that the marketplace is saying that I am an idiot :-).

I guess only time will tell who gains the most from the EOS ICO.

https://urbancrypto.com/eos-ico-maybe-i-am-just-an-idiot/

https://urbancrypto.com/eos-ico-im-not-idiot-sure-morons/

What are your thoughts?

[1714653792]

1714653792

[Ayertosco]

I guess only time will tell who gains the most from the EOS ICO.

EOS developers. Simple as that.

[CrowdFunder]

I guess only time will tell who gains the most from the EOS ICO.

EOS developers. Simple as that.

Well they stand to potentially gain whether they make a good product or not but if they make a good product they will gain much more than they raised. Its in their interest to develop the ETH killer they have promised.

[Ayertosco]

Well, too much money pouring in this project and this dollar rain is not stopping for a year. Even with the greatest ideas, i think that too much money can only damage a project. We'll see if i'm wrong when and IF they deliver...but i'm not investing.

[BenR]

Raising money is a good thing, allows you to build a strong product and company. But without any caps it seems like it's just a money grab. At some point, the founders have so much money that the ability to make more money is not sufficient motivation.

[andrew24p]

Just because you raised that much money doesnt mean the idea isnt stupid. Plus its run by Dan Larimar who has a fantastic history of creating projects and handing them over to the community after he cashes out. Bitshares, Steemit, now EOS. Lets see if hes still running it in 2 years. I would guess not.

[Urban Crypto]

I have reached out to the EOS team, good luck to me trying to get a response :-)

[juetj4079]

Well, too much money pouring in this project and this dollar rain is not stopping for a year. Even with the greatest ideas, i think that too much money can only damage a project. We'll see if i'm wrong when and IF they deliver...but i'm not investing.

I agree with your point of view, I will not invest it, eos in such a short period of time, to raise so much money is very amazing, many of the market funds flock to it, the other altcoin down may be related to it.

[cryptohunter]

seems like another self enrichment scheme from the people that enriched themselves nicely with bitshares and steem

[carlisle1]

Well, too much money pouring in this project and this dollar rain is not stopping for a year. Even with the greatest ideas, i think that too much money can only damage a project. We'll see if i'm wrong when and IF they deliver...but i'm not investing.

I agree with your point of view, I will not invest it, eos in such a short period of time, to raise so much money is very amazing, many of the market funds flock to it, the other altcoin down may be related to it.

considering whether they really gather that support but the facts remain that they don't have concrete finish product yet and who knows what will happen
after it reach the exchange, maybe I will check this out if dev will do some magic tricks to enriched the value and allow investors to gain from it.

[coin_coin]

I guess only time will tell who gains the most from the EOS ICO.

EOS developers. Simple as that.

Definitely , time will tell, nothing has developed, how it could have a no 11 market cap.
Most of the investors are just threw their money.

[nakata90]

Well, too much money pouring in this project and this dollar rain is not stopping for a year. Even with the greatest ideas, i think that too much money can only damage a project. We'll see if i'm wrong when and IF they deliver...but i'm not investing.

I agree with your point of view, I will not invest it, eos in such a short period of time, to raise so much money is very amazing, many of the market funds flock to it, the other altcoin down may be related to it.

A good ICO project not need to pour too much capital. Because need more time build and develop, if you are a investor in few years ago, you will know ICO need 6 months - one year to successfully and growth to prove this project is best!

[Urban Crypto]

Well, too much money pouring in this project and this dollar rain is not stopping for a year. Even with the greatest ideas, i think that too much money can only damage a project. We'll see if i'm wrong when and IF they deliver...but i'm not investing.

I agree with your point of view, I will not invest it, eos in such a short period of time, to raise so much money is very amazing, many of the market funds flock to it, the other altcoin down may be related to it.

A good ICO project not need to pour too much capital. Because need more time build and develop, if you are a investor in few years ago, you will know ICO need 6 months - one year to successfully and growth to prove this project is best!

I agree, why do you need 400 million potentially, when you haven't even started the project.  Raise 100 million (which is crazy anyway) and start development and do a second ICO.  I don't know, that makes more sense to me.

[TheDeepestCoin]

Just because you raised that much money doesnt mean the idea isnt stupid. Plus its run by Dan Larimar who has a fantastic history of creating projects and handing them over to the community after he cashes out. Bitshares, Steemit, now EOS. Lets see if hes still running it in 2 years. I would guess not.

My guess: you are right.

[DevelopOn]

I am trying to figure out what my thoughts about the EOS ICO are. Initially, I truly did not understand why people would invest in the project when there were so many disclaimers to the ICO and no product yet in existence.

I wrote two controversial posts on the subject which I will include below. After my initial posts I did more research and watched some of the interviews and presentations of the management team of EOS and it was clear to me that they have a lot more knowledge about the blockchain than I do and have a good track record.

The EOS ICO raised $185 million dollars in the first 5 days and is on track for numbers nobody could imagine. I would have to say that the marketplace is saying that I am an idiot :-).

I guess only time will tell who gains the most from the EOS ICO.

https://urbancrypto.com/eos-ico-maybe-i-am-just-an-idiot/

https://urbancrypto.com/eos-ico-im-not-idiot-sure-morons/

What are your thoughts?

EOS I think it's a good project. Signed up for presentation of their project.

[Urban Crypto]

Just because you raised that much money doesnt mean the idea isnt stupid. Plus its run by Dan Larimar who has a fantastic history of creating projects and handing them over to the community after he cashes out. Bitshares, Steemit, now EOS. Lets see if hes still running it in 2 years. I would guess not.

My guess: you are right.

When you say I am right, do you mean that it makes no sense or that I was wrong :-)?

[BenR]

Just because you raised that much money doesnt mean the idea isnt stupid. Plus its run by Dan Larimar who has a fantastic history of creating projects and handing them over to the community after he cashes out. Bitshares, Steemit, now EOS. Lets see if hes still running it in 2 years. I would guess not.

My guess: you are right.

When you say I am right, do you mean that it makes no sense or that I was wrong :-)?

Or that he's not running it in 2 years

[Spoetnik]

I guess only time will tell who gains the most from the EOS ICO.

EOS developers. Simple as that.

Does the mass of users that invest in these ICO's deem that to be a bad thing though ?
I don't think they do.
I think they have this mentality about it all that as long as they get a small slice of the pie they are happy.

I also have to laugh and formally claim my dispute with them dev's having a reputable track record.
I call bullshit on that 

[Urban Crypto]

Just because you raised that much money doesnt mean the idea isnt stupid. Plus its run by Dan Larimar who has a fantastic history of creating projects and handing them over to the community after he cashes out. Bitshares, Steemit, now EOS. Lets see if hes still running it in 2 years. I would guess not.

My guess: you are right.

When you say I am right, do you mean that it makes no sense or that I was wrong :-)?

Or that he's not running it in 2 years

That seems to be his MO

[Morphling]

i also think eos gain too much, but it doesn't prevent me from investing, more and more projects are based on eos, maybe it will kill eth someday as it promised