The mining pools referred to above are made up of many individuals rather than voted for 'Nodes'. They may act as a single entity but only up to the point of their own self interest. And please tell me again what is the difference between thousands deciding on an outcome rather than hundreds deciding an outcome for everyone else concerned, other than a concentration of opinion and self interest ?
I am only approaching this from the point of view of liking the decentralization aspect of the blockchain, and I don't see EOS as embracing this aspect with it's centralized Nodes at all.
The future and the people will decide the eventual outcome in the end, but all the Ethereum Killer hype and bluster for what is now an ERC-20 token based solely and distributed solely for Ethereum alone is a bit of a story in itself for now.
I am not a hater at all, I just have questions is all, I own some EOS and am Intrigued by it's promises, but just don't get people buying it at $1.70 right now on exchanges when they can get it for less than .70 each day from the ICO right now.
Mining pools are nodes that are voted for. Witnesses can be several or hundreds of people just as easily as a mining pool can be.
Nobody in this conversation has called you a hater, or derided you at all. You are simply incorrect on the matter of which system is more decentralized in reality (DPOS systems exist today, Steem and BitShares, and they are more not less decentralized than Bitcoin, Ethereum and other PoW and direct PoS systems).
You have not addressed anything at all here I have raised other than to throw in a red herring statement. Narrowing the pool of possible numbers that confirm contracts of the total chain is not a good thing to my mind, nor is it a positive move from decentralizing the overall aspect of blockchain.
Merely questioning such a move towards DPOS which is central to the EOS protocol is making yourself a target on such a post as evidenced in the reply's above and in the OP with such statements as Vitalek Attacks DPOS.
"Attacking DPOS
Next Vitalik goes on to attack Delegated Proof of Stake." From the OP.
People that get all excited about an ETHEREUM KILLER while pumping an ERC-20 token that exists solely on the ETHEREUM Platform and has an ICO that will run for the next 11 month's at least, and which deals only in ETHEREUM for it's Token need a reality check. Especially when people just come and ask questions.
Been buying EOS form the first period and can confirm that so far the cheapest price was $0.86 in first period and has been up since than but never $0.70.
Never the recent lows of the last few day's then at all, or all the rest of those day's at all either.
Don't forget there is still another 300 plus day's of sales still to come yet. Just one could net you thousands of EOS with just a single ETH if you are lucky.
But it all still rides on ETH to be worth anything as of yet.
vegolino's correct, it hasn't been that low recently, seems US $1.18 seems the lowest recently, according to http://eosscan.io/ - if you need a reason why the ICO was on ethereum, my best guess would be "that's where the money is". And if you want to raise capital, you "follow the money". Also, there's nothing to say they're holding all the proceeds in ETH either. For all we know, they've already withdrawn a big chunk of it to fiat as working capital.
If you want to make a case as to what the "right price is", well, that's a whole other issue, and quite separate from the technology itself. Put a low bid, and maybe you'll catch some at 10 cents in a flash crash, just like what happened a few weeks back on GDAX with ETH.
Pull up a historical price chart of STEEM, or another other crypto, or any stock for that matter. EOS will be no different in that regard, and there will more than likely be plenty of bumps along the way. Some will panic, others may see opportunity. Pick your spots as things unfold.
Other than that, I wouldn't posit to have any clue, except that from what I've seen so far, EOS does seem to be quite impressive, technologically speaking. And I even got a testnet up and running in a 3 euro / month VM, as described in my last post.