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October 10, 2017, 11:24:16 PM |
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EOS is raising ETH with their ICO, but they are the one building competitor platform to Ethereum.
By the end of the crowsale they will have hundreds of millions of dollars worth of ether. What if - when they launch their platform, they decide to sabotage the ethereum network.
There are many ways how they could cripple ETH, which would then benefit their platform, for example;
1)By then there might be Proof of Stake - they will be able to do "fraud" and they will be able to sacrifice those "staked" ether as they have so much(note that this is a question, i don't know how exactly PoS works)
2)spamming and congesting the network, increasing the fees dramaticly. With so much Ethereum available they could just spam so many transactions and pay the fees for them, which would increase the transaction fee dramatically for all the other legitimate participants making Ethereum useless for transacting as fees would be so high
Any thoughts? I mean with so many ether they would purposely lose their ether in order to sabotage Ethereum, which would cause their platform to be adapted.
They are keeping their ethers raised from the crowdfunding - so the question is: with what intentions? Is it for the reasons i mentioned, OR are they holding ETH because their platform might fail and they secure and increase their wealth by holding ethereum?
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