You are viewing a single comment's thread from:

RE: Bottom in on EOS? Slowly building into a margin long

in #eos7 years ago (edited)

Hi bulleth and buggedout, intresting read, thanks for sharing. I'm accumulating so I'll have free access to an abundance of resources. The price is great right now, I hope it stays this low or lower until the end of the distribution. I've no doubt about the tech, it makes complete sense to build a paralyzable commercial scale dapps platform from the ground up. Ethereum has paralyzable processing on it's radar and i think it would be cool if that happen too. Did you see this analysis by @jacobt https://steemit.com/eos/@jacobt/eos-has-nearly-usd500-million-dollars

Sort:  

Hi John, I agree the tech is amazing. That piece from @jacobt is a little off though as he makes no distinction between block.one's money and "EOS" (which isn't even an entity and definitely doesn't have a claim on block.one's revenue)

Fair point, although he almost does in his conclusion with "capital on hand with block.one" @Jacobt then writes "EOS has 2x as much capital on hand"

Are you referring to the section "Learning from the past" and the Kmart scenario? I kind of skip read that section. Could you elaborate, why you make the point at little ?

I think it's a really important point. @jacobt makes out that the money raised in the token sale belongs to "EOS", but it is block.one's money. Of course they will spend some of it on developing EOS, but the money definitely doesn't belong to "EOS" (which is an opensource blockchain, not a company)