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RE: How should one distribute a $1 trillion dollar treasure?
Some of the commenters don't realize that the post is about the token distribuition of EOS. Am I correct?
Some of the commenters don't realize that the post is about the token distribuition of EOS. Am I correct?
Yes, not only is it about EOS, but it's about the shortcomings of ETH. It's too bad EOS cannot ICO itself on EOS. That would be a neat trick. But imagine how great it'll be when other apps on EOS will be able to use Option 7 after EOS is all up and running!!
EOS could ICO itself if Protoshares were used again. I'm sure there are some people who were with Invictus from day one who are still holding on to Protoshares. Protoshares have been upgraded to DPOS (no mining needed), so why couldn't we use that for EOS ICO? It would also honor the commitment made to early supporters of Invictus.
Nice post! What will happening, if someone resteem your post?
No volume.
"No volume" is perfect for ICO. ICO will create volume.
With no transaction fees on EOS that will be huge.
Mind Blown !
Please what is #EOS
This is EOS Technical White Paper
Enjoy,
Merry x-mas
:)
We get it
Pretty much all of the air dropped coins are worth nothing at this point(giving it all away). I like the way Bitcoin was done, Satoshi only has 1mil out of 21mil. I think that is pretty fair overall.
Praise KEK. I posted here because that's how we roll now. I think this is a great way to ask a question with the same logic so it will yield the same process and eventual, possible, perfect answer. So a guy lands on say how much gold, a trillion USD? Ok. Ok so the rough global estimate is that the world now contains roughly $7.3 trillion USD in Gold now so $1T would mean he had about 13.7% of all the Gold in the world. This would mean that supply and demand would drive prices down, if released all at once. People who had the money would buy more of it if it was a lower price. Gold is gone. What if the supply at $7.3T is inadequate for demand however? Than the price could go up as people tried to buy the remaining Gold but this could not be possible. That is because right now you can buy Gold at ~$1,250/oz. Someone would have to put in a Buy to get it and then they get it so it's just a matter of how much of one form of money into another they want to get. Gold prices are already set but roughly to supply and demand. Since we don't have a gold standard now than we don't really need one. Increasing the supply would not create a need to change international standards. The question I guess is what to do if you are the man. The man is only one man. Gold is very valuable, because of supply and demand. He should logically sell the gold for as much as he can without disturbing the supply and demand for the metal unless it results in higher demand. How do you increase demand? For a commodity and precious metal it is increasing its value over other stores of value. At 13.7% he would not affect supply a lot and demand would be roughly the same. So if I were him I would open a jewelry business and use the gold to start the company, pay his workers in gold and get paid in USD. Buy land and assets and continue to sell gold. Sell it in medium amounts and small amounts. Never sell more than 50% of it however. I think a perfect curve is a split between assets (land/homes/patents/IT/cars/etc.), liquid assets (USD$, BTC, STEEM, $ with the banksters) and harder assets like (precious metals like Silver and...wait for it...Gold, bonds and stocks in a 1:3. I would not attempt to disrupt the price whatsoever. It is already high and a trillion bucks is a trillion bucks so long as you can turn a trillion dollars worth of something into a trillion dollars in your hand. But that never happens. He would not live long enough.
Imagine you owned all the sand in the oceans. You want to diversify. At what price do you sell it?
By the way, Satoshi will never sell or even move a fraction of one Bitcoin. If he does, every criminal in the world will instantly know who he is. That's not like winning the lottery where they protect your identity.
EOS, gold they are all based on the same thing "perceived value". Gold doesn't have value because it is life saving or important. It only has value because we as human have gave it value. Just like Diamonds, at one time it was nothing more than worthless carbon. Then DeBeers stepped in, Look at it now. Besides crypto, it was one of the best investments one could make in our life times. Will these tokens be seen as having a trillion dollars in value, I guess that is up to us to decide. Golds value is intrinsic where as EOS's value is imaginary and non tangible.
hold the phone a sec here, with really good marketing, now it's all about "Chocolate Diamonds"! lol
lol, chocolate diamonds is something I too got a huge laugh at when I saw 'em.
I wish I would have bought my wife a 3 carat chocolate diamond back when they were called piece of s*it diamonds with more pieces of carbon inside than my damn muffler.
imaginary and non tangible? heres a good metaphor if a hammer is worth 5$ and a wrench is worth 5$ are the hammer and the wrench worth exactly the same? No because one is a tool you need to pound nails and the other is a tool you need to loosen or tighten bolts. Even though they are worth the same amount of money their value depends on what kind of work needs to be done. And right now speeding up, as well as standardizing dApp DEV is what is up.
Fifty years from now a hammer and a wrench will still serve the same function, where as crypto currency will not. Eventually as we evolve, our economies will become activity based -where you will get a certain amount of goods for the services you can provide. Eventually the whole idea of 'Money" will be taken out of the formula altogether. The idea of storing wealth in a digital or paper form is an archaic methodology and eventually these things will go the way of the dodo bird. FFS I cant even buy crypto currency in Canada without getting harassment from police and threats from my bank that they are going to shut my bank account down. Standardization is just a fancy word, if crypto creators haven't got the fundamentals hashed-out yet.
I agree with everything u just said here except the first sentence. Sorry the mounties are being dicks I live 45 minutes from Vancouver BC and ... well that sucks.
fifty years from now, the context of life may actually change so much that those two tools are completely irrelevant ... just like steem its completely possible that any of these old archaic tools like virgin cryptocurrencies, hammers, wrenches will be frankly, completely obsolete in 50 years
The world will be operated by one thing and one thing alone AICoin
Canada is super easy to buy crypto - just go to one of the many atm's.
If you want to get really radical, research the idea of eradicating "interest" altogether.
"harassment from police and threats from my bank that they are going to shut my bank account down". So sorry about your trouble. Sounds like they kind of 'own' you already. Not sure how you get to the idea that storing wealth digitally is 'archaic'? It sound more futuristic to most people, just like email was in 1990.
EOS value comes from its technology and real world use = value.. so its like Gold but actually does somthing..
Hahaha..
We belong to the same world. .🤣😂
What is EOS?
no! it is about the asteroid...
lol!