/biz/ - Business & Finance

>>9775501
That isn't FUD. It actually proves that Chad Hoskinson is going to meet his goals, no matter what.

>>9775501
sauce?

just sold all of my ADA thanks OP

>>9775555
https://bitcointalk.org/index.php?topic=325425.msg4297669#msg4297669

>>9775539
cardano is worthless

Hoskinson takes the most beta pictures I have ever seen.

Cuckdano is a shitty Ethereum clone

>>9775501
This is the less trustable face I've seen in a while, he looks ready to backstab you at every corner.

>>9775539

People who rely on academic peer review rarely execute. It’s those who push code with rapid fire who make it. This is why Skelton fired him.

idk I'd probably kiss him.

>>9775539

> CardanoCHAD

>>9775501
Karma in action

All you’ll need is a functional email address to receive this wonderful gift. Kringle coins appreciate in value by one to five percent daily, and in a about a year they will be worth $10 each, automatically. In other words, you don’t have to do anything to make your coins go up in value. 100,000 Kringle coins times $10 each is a lot of money. Merchants all over the world already accept them, and people have purchased land, cars, food, electronics, and much, much, more, with them already. This is part of a digital currency that is on a mission to end poverty globally in the year 2018. I’m here as part of a marketing effort to distribute Kringle Coins worldwide, and fast.

>>9775501

Charles Hoskinson is a sociopath, if anyone ever watched his interviews, you'd know. Does not mean Cardano won't be successful though.

KEK. This is a shill signal for me. Buying some more.

>>9775624
>https://bitcointalk.org/index.php?topic=325425.msg4297669#msg4297669
Thanks OP, interesting read, from '14 no less. interesting

>>9776495
It stands to reason: Hoskinson is so obsessed with peer review because it gives him the validation is mind craves.

By the way, there’s a video out there somewhere from 2014 where Larimer (representing BitShares) and Hoskinson (representing Ethereum) Diacuss their respective projects and they get just a little testy. Find it, it’s out there.

>>9776373
ugh that is so cringe and I am also holding so much tranny coin. Makes me feel.... dirty, somehow... like I need to wash my hands.

>>9776373
>yfw cardano's code will be as modular as its gender

>>9776495
Dan Larimer is as well though

>>9776725

You may want to wash your hands with EOS. Which will have a main net this week, dozen of apps in development, funding very close to its actual market cap and actually looking to commercialize dApps instead of genders liquidity. Maybe I am a bad shill but I made the jump from Cardano to EOS a while ago.

>>9776731

oh, I have no doubts

Wait, people don’t actually think these meme chains will actually overtake ethereum right, do you know how far eth is ahead already yet .

>>9777237

Seriously, why not? If we can expect Crypto to stay around for the next 5-10-20-50 years then we can also expect quite some shuffling on the protocol and adoption level. It is not like it hasn't happened before.

> https://en.wikipedia.org/wiki/Timeline_of_operating_systems

>>9777272
How many developers are actively working on (insert new ethereum killer) over ethereum?

If ethereum scales it’s gave over for 99% of this shit

Charles Hoskinson crying about Daniel Larimer shitting on Cardano LOL look at the s*yb*y cry like a bitch

>>9775501
>implying I own a vaporware academic circlejerk coin
>implying I'm not already all in on EOS
The funny thing is that even if Cardano isn't vaporware, it's barely better than Ethereum. What kind of a fool gets tricked by "peer reviewed code"? And the Haskell meme? I'll tell you who: someone who's never developed software before.

>>9777461

Why would this be of any surprise? A new "thing" coming out will always lag behind on adoption over something which has been around for longer. Doesn't mean that said thing can be more efficient for end user, devs and commercialization of dApps and spearhead adoption. --IF-- EOS launches successfully, it will solve a lot of issues which ETH can only retrofit onto Ethereum as a second layer solution. --IF-- Ethereum scales it won't even scale to a fraction of the speed EOS can offer. And forever, we will be stuck on Ethereum where a single decision will cost the end user money, far from ideal for any adoption.

>>9777461
Even if Ethereum scales (and that's a huge IF) it still has a poor economic model, and will never gain mainstream adoption due to app users needing to actually understand how crypto works. Pic related.

>>9777834
‘’to app users needing to actually understand how crypto works. ’’

Wrong. UX/UI development is the next big leap forward.


Do you understand how your messaging apps work or do you just write a message and press send?

Ethereum has 99% oft the development in crypto right now

Also LMAO at these other chains claiming xxxxxx TPS , ain’t see shit to prove this

>>9777923
How does one use an ethereum app and pay for transaction fees without buying gas and sending it to their wallet? And even if they do understand how to do that, it's still a retarded model. Imagine having to pay a couple cents every time you tweeted something, or did a google search.

>>9777923

At x point y programming system or z operating system had 99% of the devs and adoption. None of those are around, very likely that you won't even have heard of the bulk of them.

>>9776692
I looked, any more hints on what the video might be called?

Dan: ETH is shit, it'll never work and bitshares is better

Also Dan: Uses ETH to launch an ICO after quitting bitshares

Daniel is pedophile definitely

>>9778117

>>9778117
Satanist weirdo, was probably pg fodder himself at a younger age, you can tell from the eyes

>>9778129

proving =/= justifying

>>9778197
It's a step by step process, and you can't justify without first "proving".

>>9778335
proving still doesn't imply justifying just because it is a requirement for it
biz is retarded like you tho

>>9776373
is that billy corgan

>>9778368
Why would you need to prove it if you didn't want to justify it? For fun? Mental gymnastics.

Cardano literally is making inroads into government and high level tech companies. Talks with UK parliament and funding research with the mayor of London, Ethiopia, talks with Google.

EOS is truly the king though... Of dog shite.

Hoskins is a sociopath but Dan and his boss (daddy Stan) are scammers. They have been ripping off other projects from day one and making a bunch of dPOS trash. They were even behind AriseBank which got shut down by the fucking feds.

>>9776417
I'd be a fool not to buy this
Everyone loves Christmas
>except Jews

>>9776373

>>9778544
>She

>>9778510
Dan created the only blockchain project in existence that actually gets used by normies, and is used primarily for something other than speculation and scamming people.

>>9775501
the thing about cuckfaces is that they look as non-threatening as possible while plotting your murder in their heads

>>9778607
desu there is no project that normies use yet other than BTC if you can even argue that.

Blockchain users are literally hipsters. It's an obscure thing that most normies have probably never heard of.

Exactly, apparently Dan is now working on a brand new crypto project with Gary Glitter, it's gonna fucking huge!

>>9778644
We could argue about what qualifies as a normie, but the point is that STEEM is the only blockchain that has mass adoption for its intended purpose. EOS is going to be like STEEM, but for everything. Cry about Dan all you want, but EOS blockchains will be completely independent of him.

>>9777237
>do you know how far eth is ahead already yet
What are some of the most widely adopted business applications on the ETH platform so far?

>>9778641
though I don't trust larimer either, he looks like a reptile, more cold blooded than human

>>9775501
charles is obviously a scammer. He has 0 programming or tech accomplishment. He's a math tutor.

Vitalik and larimer have been programming since they're children.

>>9778607

uhh, which is? don't say STEEM, EOS, or BITSHARES because those are all about speculation and scamming people.

>>9775501
>Beware of this shark
A L P H A
L
P
H
A

>>9775501
cardano alphas - eye of the tiger.
eos betas - cornhole of the shitcode

>>9778861
steve jobs engineeref the ipod and later the iphone, bill gates programmed windows, elon musk designed the propulsion system on all spacex rockets, rockefeller...
>nice idiotic imaginary view of business you have there you jobless incel

>>9776495
>Charles Hoskinson is a sociopath, if anyone ever watched his interview
How about this video
https://www.youtube.com/watch?v=Ja9D0kpksxw

Copied by Dan Latriner a year later
https://www.youtube.com/watch?v=Xs1dyZFhIr4

>>9775501

Dan Larimer has been constantly talking shit from the beginning.

“The Jew cries out as he strikes you”

>>9775501
Hey Dan, where is the EOS mainnet promised for June 2nd? Shouldn't you be working on fixing security holes in your software instead of shitposting on 4chin?

>>9779371

Charles is a good lecturer, Dan lacks that.

>>9779935
The main net is already booted and is currently undergoing a rigorous test phase by various BP candidates. Dan himself isn't involved in the process aside from giving them any needed tech support.

>>9779511
Dan Larimir is a Christian turn atheist...what is it with you people and da jooooz

>>9775501
being an asshole is rewarded in this world. he will probably do well. but i wont help him. still, i wont judge the coin itself because some alleged (evidence needed) asshole is involved with it. im sure plenty of non assholes are involved in programming it too. if it was just him sure, id refuse to help him on principle. but its not one single man youre investing in, its a coin, with many men behind it.

>>9778669
>forever the leader

You know he posts those gaping mouth selfies to troll /biz/, right? He knows all about the so.iboy meme because he browses /biz/ and other forums, he even was whining on twitter a while back because a /biz/tard who lost a ton of money on Cardano wished cancer on Hoskinson and his family. He posts those soimouth selfies to fuck with you guys.

>>9779178
That subtle gayness.

>>9778644
>an obscure thing that most normies have probably never heard of.
I see it on CNBC everyday like twice a day. stfu

>>9780380
>He's just pretending to be a soiboi
sure kid. And that tranny developer is just trolling /biz/ too right?

>>9778700
Proof of Trevon James, Cryptotitties, and Monero Gold

>>9780094
Kek. “Rigurous testing” i.e. delay the exit scam until block one cashes out their bags and Larimer disappears on an island.

>>9775501
He has the soi boi look down pat for a sociopath. Weird. He must've practiced for years.

>>9780937
No-eos plebbiters really are scraping the bottom of the IQ barrel. Dan has no control over who launches a blockchain and when. Even if he did exit scam, which would be retarded and irrational, the software would still be usable, the snapshot would still exist, and a blockchain would still launch.

>>9781039

lol so what was 4 billion dollars raised for?

Larimer is laughing at you faggots

>>9775501
You EOS fags are getting desperate.
Are you nervous because your mainnet launch flopped?

>>9781126
Capital injections for development on the EOS platform. They're replacing the ICO model and they get to hand pick projects that they deem worthwhile. Why are you so ignorant?

>>9781388
>>9781126
Also it was only $4 billion because that's what investors decided to pay.

I unironically think both these coins suck. It be all about the zill I dunno why I still have some ledano

>>9779511
that's funny because Charles Hoskinson is actually jewish

>>9781388

projects would still rather crowdfund than be beholden to some EOS VCs. If someone wants to have an ICO they can still have one on the ethereum platform and then immediately port those ERC-20 tokens into whatever their token is on the EOS platform. They can just pay to use EOS independently (buying bandwith etc. with their ICO money). No airdrop for EOS holders in this case.

I can guarantee you many projects will go this route.

So why is it cool for EOS to have an uncapped ICO?

Literally every other project has a hard cap on their ICO because they are intended for platform development and not profit. EOS has said ICO proceeds are all block.one profit.

I mean holy shit if they are launching with a fully finished product why did they even need to have an ICO? They had plenty of VC money; they could have used that to build EOS and then simply airdropped all of the tokens for a MUCH better distribution (that might slow down cartel formation) than they have now.

Vitalik himself has criticized large ICOs because they deincentivize the team from working as hard as they otherwise would if their pockets depended on the success of the platform.

Larimer is rich as fuck if EOS fails tomorrow.

It really speaks a lot about EOS when Larimer has to stoop down to ad hominems to take down his competitors.

>>9782281

The shitty projects who aren't confident in a successful ICO will be more likely to seek EOS funding. The better projects will be more confident in their ability to crowdfund and will therefore be more likely to go that way in order to retain full autonomy over their project and possibly raise more money than they would get from EOS.

This isn't speculation either, if you have a brain you will see this is an obvious outcome of the varying costs and incentives.

>>9778544
To a rational investor, Darryl is a talented contributor at IOHK that could revolutionize smart contracts with her work on Plutus. It is incredible to me that some people cannot see past their hate for transvestites and actively choose to stay poor.

>>9782316
Why do people get so buttblasted over how other people spend their money? If no one thought EOS was worth anything then they wouldn't have made any money. If you don't like it don't participate. Why all the whining when it's clear that they are developing a real product with serious potential...? It's nothing but sour grapes. Stay poor no-eosers

>>9778544
I'd also add, the people who looked past Vitalik's youth and strange build and demeanor were the ones who made it early with ETH.

>>9775501
try a pool cleaner vacuum while underwater, especially with a heated pool, it will give you the best orgasm of your entire life. the fans rapidly but gently smack the head of your dick while giving really strong suction. obviously stick your fingers in first to make sure it's safe, not every pool vacuum is the same. I've had blowjobs from 3 different women and 4 different men, I've used vacuums, cock-pumps, fleshlights, vibrators... and NOTHING compares to the pool cleaner. I'm not even fucking kidding right now, if you get the chance, try it. the only thing that is even remotely close to how good that pool vacuum felt was straight up vaginal sex with this fat chick who had a really warm snatch, it was like sticking my dick into a wet loaf of banana bread straight out of the oven, and yes this fucking pool cleaner vacuum was better than that. I don't own a pool or else I'd be doing it every day. unfortunately the owner of the pool caught me doing it so I'm not allowed to be within 1000 feet of his house anymore but it was so fucking worth it, I'm telling you that fucking pool vacuum is like heaven. honestly the only reason I even want to get rich is so I can afford my own house with a heated pool and of course a pool vacuum. I can't wait to buy a dozen different brands and styles of pool cleaners and fuck them all. I live for that day to come.

>>9782377

don't understand how this is the first time i have seen someone bring this up

>>9783288
Probably because it's retarded and demonstrably false. Most startups seek capital rather than trying to raise their own.

>>9783311
cough*

>>9783341
Let me help you with that
https://www.youtube.com/watch?v=Z-1ik3S6Ct4

EOS consensus algorithm is a joke

you really think people and mass adoption of crypto noobs are gonna give a fuck about voting for their block producers, let alone this mess mainnet launch go with out bugs?

EOS fags just dumped 4billion into this project pedocoin and block.one making the community do their job for free.

enjoy your cartel run wanabe blockchain. with whales and block producers voting themselves to consolidate control.

fucking suckers.

>>9783360
kek i love ricola. i agree with you btw

>>9783368
Why are you so mad tho?

>>9783398

LMAO , tell me how many people know how to read, write, and interpret computer code,

ever heard of behavioral finance and all the retards who bought in January.

Too much blind speculation going into EOS as they find more vulnerabilities in the code.

this is worse thant the dot.com bubble. bar none.

and LOL at the air drops. what fuckign air drops??

there hasn't even been a defined main net launch yet. just amateur candidates trying to get this disaster off the ground.

not to mention all the fork chains the chinese and russians are gonna try to prop up.

good luck EOS Faggots

>>9783456
>reddit spacing
Sure is a lot of spillover lately. no-eosers are the new r/buttcoiners.

>>9783398
actually, i thought you meant most startups aim for sales.. they only get investment capital when they demonstrate their potential returns. most people aren't going to care to use a computational network where they don't have autonomy over their own project. games for instance like having control of their project because they can introduce microtransactions in ways they see fit

>>9783485


still no counters on why EOS consensus algo isn't a fuckign joke. just ad-homenins from eos bag holders.

morons can't tell the difference between peer-reviewed and the formal scientific method .... which i'm sure Mr. Larimer was able to do all by himself

EOS hodlers got room temperature IQ if they believe not having this formal method for mission critical systems isn't a necessity.


>raises 4.1 Billion in the longest ICO in history
>desperately offers 10k per bug in bounties a week before mainnet launch

lol the get rich quick faggots think this is a sprint. but don't realize its a marathon.

>>9783567
I don't want to convince you of anything. Your butthurt motives are transparent, and your tears are delicious.

>>9783608

hahaha i'm not butt hurt about shit. i've been in crypto since 2012. don't need pedo scam coin in my portfolio.
say whatever makes you feel better to get sleep at night. cuz morons like you probably went all in on this garbage.

>>9783632
>been in crypto since 2012
>not living it up as a millionaire
>still wasting life away trolling on /biz/
Yeah you really seem like you know what you're doing. Back to plebbit and thanks for all the material. Oh, and I did go all in on EOS back in March. That 3x during a market crash feels pretty nice.

>>9783723

rich people have plenty of time to troll faggots like you.

or should i say shed some wisdom otherwise go KYS,


i'll come sceenshot this before EOS becomes worthless

>>9783723

not as good as getting in at 1.30 on ONTO. neo at 2. ada at 5 cents.... lmao eos faggots think they're so smart.

like i said KYS

>>9783311

This isn't "most startups" this is crypto. ICO's and crowdfunding are the norm.

The only reason traditional startups don't do the same thing is because of SEC cockblocking.

>s o ys getting upset that these characteristics are exactly what drives innovations and profit in any industry

>>9778396
kek

>>9783770
>>9783781
>being this delusional
Get some sleep bro

>>9782392
>her

>>9783795
>The only reason traditional startups don't do the same thing is because of SEC cockblocking.
Did you happen to read the news yesterday?

>>9783795
"projects would still rather crowdfund than be beholden to some EOS VCs. If someone wants to have an ICO they can still have one on the ethereum platform and then immediately port those ERC-20 tokens into whatever their token is on the EOS platform. They can just pay to use EOS independently (buying bandwith etc. with their ICO money). No airdrop for EOS holders in this case.

I can guarantee you many projects will go this route.

---------

So why is it cool for EOS to have an uncapped ICO?

Literally every other project has a hard cap on their ICO because they are intended for platform development and not profit. EOS has said ICO proceeds are all block.one profit.

I mean holy shit if they are launching with a fully finished product why did they even need to have an ICO? They had plenty of VC money; they could have used that to build EOS and then simply airdropped all of the tokens for a MUCH better distribution (that might slow down cartel formation) than they have now.

Vitalik himself has criticized large ICOs because they deincentivize the team from working as hard as they otherwise would if their pockets depended on the success of the platform.

Larimer is rich as fuck if EOS fails tomorrow.

-----

The shitty projects who aren't confident in a successful ICO will be more likely to seek EOS funding. The better projects will be more confident in their ability to crowdfund and will therefore be more likely to go that way in order to retain full autonomy over their project and possibly raise more money than they would get from EOS.

This isn't speculation either, if you have a brain you will see this is an obvious outcome of the varying costs and incentives."

any actual responses to any of this? I would love to hear answers or how this is wrong

>>9783833


when EOS tanks, all you bag holders will wish you left it on the exchange to atleast get some of your money back on this fuckign scam..

good night hahahaha

>>9783870
You've been saying that since February schizochan

>>9783896

bookmark this thread.

>>9777824
having scalability on the second layer protected by strong security on the first layer is optimal in my opinion, you're free to scale to theoretical infinity without making any compromise on decentralization. this is what a first layer should be, an extremely robust and impartial consensus engine that cannot be controlled by special interests
but i'm glad eos exists for people who feel differently. this whole tribalism on /biz/ is weird, we're not at a point where competition hurts legitimate cryptocurrencies. competition will force all good smart contract platforms to do their best, and even if you're purely a speculator masquerading as a enthusiast, that's reflected in the market value. eos was 50 cents when eth was $200, eos is now $14 and eth is $600. in the grand scheme of things everyone won, no need to get greedy

>>9784049

>you're free to scale to theoretical infinity without making any compromise on decentralization

incorrect.

the #1 reason why i didnt buy into EOS is because there is absolutely nothing. NOTHING
that will stop the 21 block producers from voting for themselves over and over again until you get another bureaucratic and corrupt and empowered small group of individuals no different from today's corporate state.

21 nodes validating transaction is NOT DISTRIBUTED.

so people who are under the impression that this thing does the number of transactions it claims is just kidding themselves.

>>9784049
>eos was 50 cents when eth was $200, eos is now $14 and eth is $600.


and here we go again, another person comparing dollar prices of different coins,

the concept of MARKET CAPITALIZATION has eluded another newb investor

>>9782410
yeah but Vitalik only looks weirdish, but he wasn't fucked in the head with gender-bs.

>>9784161

> NOTHING
> 21 Block providers colluding
> 21 Nodes not being distributed
> Importance of transactions per second

Just because EOS does not come in your flavor of a Cryptocurrency it doesn't mean it is not going to succeed. Didn't both ETH and ADA launch with an ICO and only an idea on paper too? Why criticize EOS for doing the same? If level of distribution truly mattered, then why are Ripple, NEO and other not so distributed Crypto's still in the top 20? And why would there be "nothing" if concise plans for dApps are already on the table, along with additional VC funding for Block.one to develop on dApps on EOS? A war chest of larger than any other project to develop with. And why do you assume that this is the FINAL iteration of EOS anyways? IF things won't work for both EOS and the community it would be odd for a platform which profits from the community not to change things around, it literally would work against their interest.

So stop comparing EOS to other platforms and open yourself up for something entirely new spawning into existence.
If you don't like it cool, but don't forget that Cardano had a market cap of $25b just two months after their launch with ONLY a whitepaper,
not even decentralization. And even to this day, they are not decentralized .

I'm sick of seeing this soiboi fgt smiling in the feed. Sage all your fucking replies.

>>9784434

i'm laughing at EOS fanbois because they can't tell the difference why a dapp developer would choose EOS over AWS.

there will litterally be zero difference when a cartel group takes over the chain and votes its way in every time with there massive stack

the distribution of coins does matter you brainlet. especially in EOS if voting can get skewed towards special interest needs. prices can also be suppressed as more coins are introduced to the circulating supply

and the top 20 coinmarketcap doesn't mean jack shit BECAUSE THE MARKETS ARE IRRATIONAL.


behavioral science is a real thing.

>>9784775
can you explain more about price supression and what cartels can do on EOS

>>9784775

> and the top 20 coinmarketcap doesn't mean jack shit BECAUSE THE MARKETS ARE IRRATIONAL.

So if the market is IRRATIONAL why does it not make sense to follow the hype? If you know anything about behavioral science and especially behavioral economics and finance then why aren't you on EOS? The hype and greed is there, everything is pointing in the direction of a very profitable launch, based on the sole fact that there is nothing more exiting happening in the Crypto space if observed by an outsider.

> there will litterally be zero difference when a cartel group takes over the chain and votes its way in every time with there massive stack

IF and MAYBE - Is there a precedent for EOS voting system? Don't believe so, so why blindly assume things?

> i'm laughing at EOS fanbois because they can't tell the difference why a dapp developer would choose EOS over AWS.

Yeah, and a end user would rather use Ethereum, to PAY for every single decision that has to be made on a dApp instead of using traditional apps on AWS? Your point falls apart because there is no working dApp platform right now (not even Ethereum) which is ready for mass adoption. "banking the unbanked, with a 0.15$ fee per turn".

> the distribution of coins does matter you brainlet. especially in EOS if voting can get skewed towards special interest needs.

Point me towards a system where voting cannot be skewed in one way or another by whales.
ETH, BTC and many others have decisions already skewed by large whales and influencers, how is this any different?

>>9784864


ETH and BTC are skewed with out a doubt but it will be 1000x worse on EOS.

and thats my whole point DAPPs built on EOS are not DAPPS.

THEY ARE JUST APPS lulz

and maybe some of us aren't in this for solely for greed, maybe some are in this to escape the corrupt monetary system which will surely collapse within the next decade

>>9784855

go take an economics 101 course

>>9784994
i'm asking why should EOS whales suppress prices? is it to accumulate or what else is the incentive? and can you give examples of votes that would only benefit them

a chaotic shitcoin forkfest hosted by AMATEUR admins with spaghetti noodle bug ridden code

all for the low price of 4 billion


https://www.coindesk.com/wheres-eos-rival-groups-now-competing-launch-official-blockchain/

>>9785031
"the 10 biggest wallets hold 39 percent of all tokens. In other words, those 10 could decide almost anything they wanted if they coordinated. The top 100 wallets control 65 percent of the tokens."

so why is this better than AWS? because you can profit from it?

>>9784775
>>9784982
>>9784994
>>9785031
>spending 4 hours sperging out about a project you have no stake it
Why are you on this autistic mission anon? I can assure you that even if your arguments were rational and well-grounded, which they're not, no one who has enough money to move markets is going to care about anything you have to say.

Also
>reddit spacing
You don't belong here.

>>9785067
>>9785031
The 10 biggest wallets belong to exchanges, aside from the one block.one owns. Imagine being this much of a brainlet

>>9785082
lol if i can't understand it, how are you going to show average joe how to use it

>>9785103
That's the beauty of it. The average joe isn't even going to know they're using a blockchain. Only developers need to understand what's going on under the hood.

>>9785082
so trust a bunch of whales who select BP instead of amazon?

>>9784434

the difference is ADA and ETH raised money to develop their platform.

EOS was literally completely finished by the time the ICO even ended and they started off with a ton of VC money before the ICO started. EOS never needed to have an ICO at all to develop EOS. Where most coins have ICOs to raise development funds, EOS had an ICO to literally sell their software.

The EOS uncapped year long ICO was a software sale, not a crowding funding effort to raise funds to build something

>>9785165
Do you have some sort of reading comprehension issue? Exchanges don't own the coins on their exchanges, and even if they attempted to stake them, it would be a violation of the constitution and whoever they voted in would be forcefully removed.

>>9785189
Why is this a bad thing? They were completely transparent and didn't lie or mislead anyone. Everyone who invested was well aware of what their money would be going towards. $4 billion in the free market says you're a brainlet.

>>9785214
Genius, i didn't mention the exchanges. You don't even know how much they own, but you are supposed to trust that they won't vote? And yes the whales aside from exchanges will be the ones with the say. They can still do things like vote buying, which i am sure you are excited for kek.

>>9785247
>Genius, i didn't mention the exchanges.
Then why the fuck did you quote my post that was talking about exchanges?

>You don't even know how much they own, but you are supposed to trust that they won't vote?
You don't have to trust anything, you can see if they vote and how many coins they stake. Everything is transparent.

>And yes the whales aside from exchanges will be the ones with the say.
That's why they had a year-long ICO that forced whales to dollar-cost average in.

>They can still do things like vote buying, which i am sure you are excited for kek.
Again, that's against the constitution and will disqualify the candidate. Why do people who know so little about a project have such strong opinions about it? Really gets the ol' peanuts rolling.

>>9785214

lol people bought the tokens were doing nothing but chasing pumps; has nothing to do with the fundamentals. 99% of people have no idea what the fuck they are buying.

their thoughts don't go beyond "larimer smart, EOS Moon"

>>9785310
Maybe. Or maybe it was institutions competing with each other to get the most voting power so that they could vote their favourite BP's in and get the multi-million dollar annual inflation rewards. Maybe it was people who understood the technology and the potential of having a "STEEM but for everything on the internet" blockchain. Your problem is that you only hate EOS because you're invested in some other coin that it's competing with. You see coins as sports teams instead of investments. If you actually came at this with an objective mindset instead of believing the plebbit FUD, you would might be able to make some money in this market. (oh, let me guess, you're another crypto millionaire who bought BTC in 2012. Aren't you all...)

I've screenshotted this entire thread and I'm going to save it for a rainy day when I need to have a good laugh. Have a good night.

>>9785270
Even if you exclude the exchanges, the whales will have the must influence. Whales are good at games kek. They can still get around vote buying. Whales can vote to change the constitution. I'm not opinionated about this project, but am asking how is this better than AWS. It's not really decentralized. I don't care if you and whales profit from it. It's really stupid and you're clearly in favor of it because you can profit from it kek. The rest of the world still doesn't respect you, ie. John Oliver and his liberal viewers and neither do I from your condescension. Have fun profiting off of pajeets.

>gets the ol' peanuts rolling
this isn't a real saying.

>>9785359
Only 7.8% of people vote on STEEM.

>>9785270

what you don't understand is that cartel formation is an intrinsic function of dPOS economics. In a dPOS system coins have 2 sources of value: 1. the base trading price 2. Block producer equity. For the vast majority of holders they will never realize any of their BP equity beyond small kick backs for votes because they will never have any realistic shot at attaining one of the valuable block producer positions. As one accumulates more tokens they collectively gain value at an exponential rather than linear (as with BTC accumulation for example) rate because more and more BP equity is realized. EOS coins are literally individually worth more as they are accumulated together. This means 1 additional EOS coin is worth more to the holder with a 500k stack than the holder with a 10 stack. If a coin is worth more to person a than to person b, those coins will tend to flow from b to a over time. Eventually what happens is that enough coins centralize with a small number of groups such that those groups are realizing 100% of the Block Producer equity inherent in their coins because they have enough power through them to continually vote themselves into the BP positions and thwart any outside attempts to remove them. Also as they gain more power they have less need to distribute block rewards for outside support. This is the reason we have seen cartel formation in every dPOS coin so far. A long ICO doesn't matter. The initial distribution doesn't matter. What does matter is the flow of coins over time and this flow is economical incentivized to end in pools where BP equity is maximized. The block producer spots are the most valuable thing in EOS by far. Over the next 50 years they will earn far more EOS via block rewards than even exist at the current moment and these rewards only further solidify their positions.

>>9785381
>Even if you exclude the exchanges, the whales will have the must influence. Whales are good at games kek.
So like literally everything else in the entire world that operates in a free market environment? This is accounted for in its design rather than swept under the rug as with Ethereum and Bitcoin. If you're not a fan of free market economics, what are you doing in crypto?

>They can still get around vote buying.
This is like saying we should all scrap our democracies because people can buy votes. Literally a non-argument. It's against the constitution, period.

>I'm not opinionated about this project, but am asking how is this better than AWS.
It's not owned by a single corporation/dictator, and isn't beholden to any particular country's laws, perhaps? Its community actually gets a say in how it's governed...? The fact that you have to even ask this indicates that you haven't done any research at all.

>It's not really decentralized.
You don't know what that word means.

>It's really stupid and you're clearly in favor of it because you can profit from it kek.
Wow no shit sherlock

>Only 7.8% of people vote on STEEM.
And that's why EOS requires a minimum voter turnout of 15%.

>ie. John Oliver and his liberal viewers and neither do I from your condescension.
HAHAHAHAHAHAHAHAHAHAHAHAHAH holy shit kys

>>9785359

I've owned and sold a lot of EOS. I've been around long enough to know about Dan and his dad Stan and the shady shit they have been doing for a long time. Stan was behind AriseBank for fucks sake.

I know dPOS is intrinsically flawed. I know EOS is not an uncensorable blockchain which defeats the purpose of the tech. I know they did a bunch of advertising and promotion in New York City because this is about making money for the people behind Block.One

I will stick with truly decentralized projects like Zilliqa.

>>9785391
tl;dr

you clearly have mental issues if you're putting this much effort into trying to convince NEETS on 4chan not to invest in a project. I'm just here to point and laugh, I don't actually want you faggots to ruin my project like you did with LINK.

>>9785381
You can say the same thing about eth when it switches to proof of stake or any proof of work coin since you can buy miners and vote with hashpower. its all just governence models that have the same fundamental flaws.

>>9785406
lol don't waste your time on this guy

>>9785415
>I've owned and sold a lot of EOS.
No you haven't. That lie gets old after a while.

>>9785421
You unironically used John Oliver and "liberal approval" as an argument. You need to go get a noose and tie it to the nearest tree. And do it over at plebbit where you came from.

>>9785429
>gets the ol' peanuts rollin

>>9785418

truth hurts does it?

>>9785418

standard EOSfan response when the truth hurts. you can't refute a word I wrote and you know it to be true (if you aren't so much of a brainlet that you literally can't understand it)

>>9785419
yes, i don't really care much for it... atleast amazon provides me with quick deliveries and entertainment from streamers

>>9785440
>>9785448
Your '''truth''' didn't convince me in March and it's still not convincing me after my 3x.

>>9785450
Then invest in Amazon stocks. Why are you here?

>>9785419

It is absolutely different because it is not representative. someone with 100 eth will earn the same relative rewards as someone with 10,000. In dPOS the person with 10,000 is disproportionately rewarded vs the person with 100

>>9785462
this makes literally no sense.
your saying on eth if you have 100 eth you get the same voting weight as someone with 10000 eth...

>>9785460

plenty of shiny shit makes money in this sector. I 20xd off fucking NANO.

gains don't mean something isn't a shitcoin here.

BTC (or BCH if you prefer - don't want to get into that) has had less of a return over the last 18 months than many coins while being the only one to actually fulfill a use case.

>>9785462
>having this low of an IQ
Someone with 10,000 ETH can buy more hardware than someone with 100, which in turn allows them to mine more coins, and accumulate even more ETH, repeating forever.

>>9785472

there is no fucking voting in ETH it isn't dPOS there are no delegates, it is not representative. I am talking about block rewards

>>9785481

what the fuck does that have to do with anything. we are talking simply about the value of X amount of coins vs X amount of coins.

>>9785488
So the whales in Ethereum are just whales IRL who can buy the most tokens. how is this better? Tokens are still staked in order to reach consensus, and more tokens = more weight in said consensus. That's the whole point of PoS.

>>9785460
Because the governance model has flaws and you just market your coin to pajeets and brainlets. Even if ethereum has problems with scalability and governance, but atleast Vitalik didn't design his project with a governance system that will be marketed as decentralized but capitalized by whales.

>>9785522
>Because the governance model has flaws
There is no such thing as a perfect governance model. If you can come up with one you can become even more rich than Danny boy. With that said, a system does not need to be perfect to function well.

>Even if ethereum has problems with scalability and governance, but atleast Vitalik didn't design his project with a governance system that will be marketed as decentralized but capitalized by whales.
No, he didn't account for governance in his design which is why every time a serious dispute arises the community will be fragmented into new forks like ETC. What a wonderful system.

And accounting for EOS's ICO method and the inflation being distributed evenly to BP's as opposed to disproportionately to miners based on their hardware investments, it is much harder to obtain a controlling stake in EOS than in Ethereum.