/biz/ - Business & Finance

OYSTER PEARLS AND AELF AIRDROPPING TO EOS HOLDERS ON APRIL 15TH HOLY SHEEEEIIITTT

After the mini-pump in the last few days, I dug into it and it seems to be the most overhyped vaporware to ever be created.

The software is nowhere near ready with less than 2 months before the planned release and the codebase is a mess rapidly hacked together by contractor pajeets.
The main idea is not "revolutionary". In fact, it is the same idea used by Lisk and Ark - the work is done by delegates which are "elected" by token holders. This is not proof of stake - it's a centralized system that sacrificed the core idea of cryptocurrency (decentralization) for speed of transactions.

Based on the price action of other projects by Dan Larimer, I feel like this is due for a massive dump after the inevitable failure to live up to the hype. It's unfortunate they didn't spend more time refining the idea.

I’m short on EOS 100x margin to $2. Market cap is too big for an ERC20. Stay poor.