EOS ICO – Maybe I was Wrong

[Nascor]

It's all good. If some people want to believe in the project, let them believe in it and invest

If you from the other side aren't happy with it, stay out of it.. nothin' to gain, nothin' to lose

[1713490775]

1713490775

[1713490775]

1713490775

[1713490775]

1713490775

[Urban Crypto]

It's all good. If some people want to believe in the project, let them believe in it and invest

If you from the other side aren't happy with it, stay out of it.. nothin' to gain, nothin' to lose

Well said!

[ox1337]

The way I see it Dan Larimer is a long term scammer who keeps developing projects to become the first world trillionaire without much effort.

I doubt any of his projects will be alive in 5 years but who knows.

Time will tell.

[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.

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

I invested before a proper investigation. After some research I think you are right.

[deeneendo]

Just because you raised that much money doesnt mean the idea isnt stupid.

Best example: BCC (or BCH, hell they even fucked up their name abbreviation, and the launch)

[frangipani]

What is all about this EOS? Is it unedrvaluated so its prepears to moon or it is shit??

[sinner]

posted this in the other 2 EOS threads:
i am worried

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.

[residivis]

very simple for its users who will also plunge into it, whether for the future will make a profit center in this case?

[SGToken]

I bought EOS at the price of $1.8. A few months later I am able to get rid of it, finally.