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RE: Pre-ICO Homework about Seal Network - Realoaded

in #mickeymaler7 years ago

Was talking about when they did the ICO, no real code or MVP even mentioned. The ICO was open ended except they stated they they wanted to raise 200m then they closed it and opened it again and all prices it was bought at it keep on dumping. Other good ICO's never went back under the original investor prices.

You said "based on the same core tech and logic ".... not me. I assumed you ment blockchain.

The basis of EOS was based on all the work he did on bitshares, he cut and ran because he wanted a slice of the pie. He did well. The stuff on the git is nothing really and anything showing during the ICO was heavily criticized as filler and meaningless if you can understand it.

Awesome a main net that does nothing for a year or two like I already mentioned. Happy to have a discussion about that. By your logic any coin not built on ETH is equal to EOS.

Live mainnet means nothing and they already designed bitshares of which EOS is pretty much just a fork, but not a fork.

Not saying EOS will fail. And buying it on exchanges at the dirt cheap price it was, may give some basic returns, but its unlikely because of the massive dump scam that was run because ppl didnt read how the tokens were distributed.

They will produce something.. it is impossible not to with basically already having the code of a similar blockchain as well as so much money you don't know what to do with it.

I made zero factual mistakes. I based my facts of the time of the ICO. They were facts which is why I wisely didn't invest. They were asking for around 130x too much money.

I just don't see any potential as an investor in EOS other than small gains at a high risk. Though there is the outside chance they pull something off.

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At least it is back on track I guess and ppl are falling for it again.

Fair enough, I didnt invest at the begining too, it was risky.
I invested in october and dollar cost averaging since february.

Test net is up and running. Dapp developers are preparing to launch in sumemr and fall. I hope you accept the chance it will be better than ETH soon after lauch. Better meaning easier to develop on, faster, no fees, more features.

And no, I dont believe any coin not build on ETH is equall to EOS. Nothing is equal to EOS, just Steem is the closest (not multi purpose, no decentralised file storage, no multichain abilities, but Im sure you know the technicals).
My portfolio contains 9 coins. Most of money in 5.

It's probably got another year before it can surpass ETH tech wise. Bitshares which was developed by Dan was supposed to do the same thing. But I can accept it probably can. But ETH can also be upgraded. It's limitation is the programming language. NEO was supposed to solve those same issues. While it did ok it has not really surpassed ETH even though it is working and is better than ETH in similar ways as EOS.

I welcome something new to the table such as EOS, I just feel sorry for all those investors.

I would say there were only 2 quite mainstream dapps developed so far. Let me know if you know some others.

One is cryptokitties.....which halted after 2 weeks because ETH didnt stand a chance to process it and users left.

Second one is Steem, you are using it right now and and its here for 2 years.

Now take the ability to create stuff like Steem easily, quickly, with more features, 0.5 block time and better governanace.

I have ETH, Im quite sure they will upgrade and they might be fast and cheap and just as secure. .....but not this year.