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RE: EOS.IO software will not suffer from Denial of Service (DOS) attacks like Ethereum

in #eos7 years ago

Its kind of the same with cryptos. Look at ethereum, dropped from 360 usd to 13 usd because the guys from status ICO dumped 96K eth on the market all at once. The market cap is an illusion, a small dump can destroy the whole ecosystem.

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Yeah, which illustrates how silly some of the taxation is - you can't just multiply stock by price. As you noted, the market cap is way, way smaller than the numbers claim.

Yes absolutely, a few billions dumped on the market would be enough to crash the price by 90%, the 110 billion market is an illusion, there is no more than 5 or 6 billion usd of real money to be cashed out, maybe even less than that.