EOS!! Possibly the best Blockchain & Crypto Currency ever created! If it ever gets created?

EOS FA

Negatives:
The platform has not been created yet.
The EOS platform will only be created when creators of one or more chains become the most popular platform. It becomes a useable EOS platform once a minimum15% of token holders chose that as the platform and if other platforms pop up simultaneously the 2 platforms are incentivised to join each other because you can’t move your tokens until this 15% is reached. In other words, if the EOS.IO Software is adopted, it will be the responsibility of holders holding at least 15% of the issued and outstanding EOS Tokens to adopt one or more blockchains in order for Blockchain Tokens received on such blockchains to be transferrable.
I think this could lead to multiple large platforms being created with the financial incentive to join as many as are created so your coins may become spendable in multiple chains as long as they don’t join together. If they do join together after the 15% limit and people have already started moving their coins on both chains this could lead to a major problem with double spends. (This is my understanding of it. I would love to hear feed back if there is a solution to this possible outcome.)
The beneficiary company from the multibillion $ ICO Block.one are only creating the software and tools for others to launch this chain/platform and will have no control when how or whether it is adopted or implemented or launched. They have a financial incentive to see it is launched as they will own 10% of the total coins on the EOS platform if it is launched and will get 1% released each year for 10 years. (I could find no information to say if this will give them the full 10% power towards the 15% required to decide a functioning blockchain or not. I assume yes.)
Block.one have pledged 1Billion of the ICO funds out of the few Billion received so far to Venture Capital companies that will be tasked with verifying good tech/developer companies that want funding. (ICO alternative) They will have the choice to go through the VC companies for funding from Block.one to build on to the EOS platform. All the revenue from the ICO and profits from the companies that the VC’s invest in is for Block.one.
Block.one is the company that builds tools and software for EOS and has nothing to do with the value of EOS tokens. They will be actively seeking projects to get them on to the EOS platform which will increase the demand for the token as they are required to be staked to build on EOS. If it is created. This is where their value will be created.
The incentive for the creation of EOS is the billions that people have invested.

As a private company, proceeds of the EOS Token distribution will be utilized by block.one in its sole discretion. block.one intends to use certain of the proceeds for general administration and operating expenses, as well as to build a blockchain consulting business focusing on helping businesses re-imagine or build their businesses on the blockchain, developing more open source software that may be helpful to the community and building decentralized applications using EOS.IO Software.
So, they can do what ever they want with the money but plan to set up a consulting business helping businesses get on the blockchain and continuing to build software for the platform.
The EOS Token distribution contract, EOS Token smart contract and the EOS Tokens are being provided on an “as is” and “as available” basis without representations, warranties, promises or guarantees whatsoever of any kind made by block.one. Prior to purchasing EOS Tokens, you should ensure that you carry out your own examination and investigation and carefully review in their entirety the risks associated with purchasing EOS Tokens as set forth in the Purchase Agreement. Purchases of EOS Tokens are non-refundable and purchases cannot be cancelled. Under no circumstances will you be entitled to receive money or compensation for any EOS Tokens purchased or your inability to purchase EOS Tokens.
Proceeds from the EOS Token distribution will be the revenue of block.one.
This is basically saying that the product we create is going to be so great that it will get its value from being created (BITCOIN) and that block.one might help it along after that has happened because they will own 10% of that creation. But all the money raised belongs to them with no obligation to do anything.

Blockchains that adopt the EOS.IO Software do not require anything else to help grow or maintain the network because such blockchains will be self-funding.
Based on the EOS.IO Software, it is intended that any blockchain that adopts the EOS.IO Software will generate natural inflation in such, blockchain tokens at a given rate per year as voted on by the holders for the costs incurred to be a block producer is proposed and will then be created as rewards. To be distributed to the platform’s block producers in connection with their confirmation of transactions on the platform.
A certain percentage of these rewards will also be allocated to the top three smart contracts or proposals that receive the most number of votes from holders of such tokens. To improve the system as it develops. In this case, such a blockchain will not be reliant on any one foundation, organization, or individual for its growth, development or maintenance. It will become a DAO. (This is a little like the DASH budget system which the master nodes vote on)

A blockchain that adopts the EOS.IO software will award new tokens to a block producer every time a block is produced. In these circumstances, the number of tokens created is determined by the median of the desired pay published by all block producers. (They need to make proposals to token holders on the qty required to sustain the chain (Their computer power) and it will be voted on by all holders.) The EOS.IO software may be configured to enforce a cap on producer awards such that the total annual increase in token supply does not exceed 5%. (This is decided by the voters when the block producers issue their request for amounts the best 17 proposals lock in the amount.) As the value goes up the ability to purchase more equipment that supports the network is created. This in theory should over time reduce the amount required to be created to sustain the network.
Embedded into the EOS.IO software is the election of block producers. Before any change can be made to the blockchain these block producers must approve it. If the block producers refuse to make changes desired by the token holders then they can be voted out. If the block producers make changes without permission of the token holders then all other non-producing full-node validators (exchanges, etc) will reject the change. (Potential for a BTC, BCH scenario here if several exchanges agree/disagree? I’m not sure)
The EOS.IO software defines a process by which the protocol as defined by the canonical source code and its constitution, can be updated using the following process:

1. Block producers propose a change to the constitution and obtains 17/21 approval.
2. Block producers maintain 17/21 approval for 30 consecutive days.
3. All users are required to sign transactions using the hash of the new constitution.
4. Block producers adopt changes to the source code to reflect the change in the constitution and propose it to the blockchain using the hash of a git commit.
5. Block producers maintain 17/21 approval for 30 consecutive days.
6. Changes to the code take effect 7 days later, giving all full nodes 1 week to upgrade after ratification of the source code.
7. All nodes that do not upgrade to the new code shut down automatically.
   By default, configuration of the EOS.IO software, the process of updating the blockchain to add new features takes 2 to 3 months, while updates to fix non-critical bugs that do not require changes to the constitution can take 1 to 2 months. (It looks like a very good model for a DAO)
   The block producers may accelerate the process if a software change is required to fix a harmful bug or security exploit that is actively harming users. Generally speaking it could be against the constitution for accelerated updates to introduce new features or fix harmless bugs. (How is this decided? I could not find any more info on this)
   Under the EOS algorithm, those who hold tokens on a blockchain adopting the EOS.IO software may select block producers through a continuous approval voting system and anyone may choose to participate in block production they will be given an opportunity to produce blocks proportional to the total votes they have received relative to all other producers. (I can’t see the huge incentive to become a block producer as there is a lot of uncertainty around pay amounts and if you will get voted in IMO) They will need to publish what they want to be paid for being a block producer its not fixed and could leave uncertainty. This does add some Positive features as the vote decides if it will work or not true DAO) Token holders are the voters but we need block producers to buy equipment and supply it to the creation and support of the blockchain in the hope of getting paid. Only when it is up and running does this appear to be a very good governance system but very risky to reach its potential. (You could make the argument that this is like mining)
   The risk I see is if you were building up as a whale block producer and for whatever reason people stop voting for you, you’re not making any money from your investment into equipment or you could make that investment and you will be out voted out of the 21 until you improve. I think this cycle may get to difficult for people leaving huge centralized hubs. Will there be enough interest after this process plays out a few times from small players? (Again, similar to mining)
   Hypothetically this could lead to the big whale producers doing as the public bids until the supply of available producers becomes so small that they will have the power to do whatever they want, at least until people can build equipment and compete to sustain the network again. The more companies that build on EOS as it gets larger this will be less of a risk because if such behaviour started to happen the financial backing to remove these producers would be stronger and the producers would not want to risk losing their position and income invested to that point.
   The block producers are required to confirm transactions and support the network with bandwidth storage and computational power for the companies that stake their tokens to build on EOS.

Positives
It will be able to process millions of TX per second at almost no cost 0.000 of a cent meaning it can be used as a currency.
The developer gives the impression he is in it for the greater wellbeing of humanity. He has created 2 fully functioning large scale blockchains already (Bitshares and Steem) which he has left for vision disagreements with people.
They say they are building EOS to be extremely user friendly to the level that you will not need to be a developer to build on EOS. They will be building open source software that will be similar to copy and paste packages for the Wicks website, building on a EOS will be like Wicks for blockchain.
You must hold EOS tokens to the qty required for your specific application demands and they are locked as long as that application exists. (They can be deleted and all funds recovered)
The bandwidth available to an application is entirely independent of any token price. If an application owner holds a relevant number of tokens on a blockchain adopting EOS.IO software, then the application can run indefinitely within a fixed state and bandwidth usage.
The developers and users are unaffected from any price volatility in the token market and therefore not reliant on a price feed.
A blockchain that adopts the EOS.IO software enables block producers to naturally increase bandwidth, computation, and storage available per token independent of the token's value. (As they increase their computer power this will happen automatically)
A blockchain using EOS.IO software also awards block producers tokens every time they produce a block. The value of the tokens will impact the amount of bandwidth, storage, and computation a producer can afford to purchase; this model naturally leverages rising token values to increase network performance. (When the vote for the amount of rewards they are to receive is performed)
(Every user account requires storage this will require less tokens as the network capacity increases.)
The advantage to DPOS is if any particular jurisdiction is compromised (The great firewall of China) The next producer in line is selected automatically.
If successful the tokens will have a good demand value for their use as well as their ability to control a % of computing power that ever expanding qty of companies will have to lock up.
Notes:
The creation and test nets are apparently ahead of schedule but there is no proof of this and the current blockchain software is open to the public for testing with no major problems yet. (The current release is still waiting on Alpha phase to be released sometime Q1 2018) The main net release software is on schedule for June apparently, at this point it will be up to the community to create EOS.
If you hold ERC20 EOS tokens and you feel positive about the plan you will need to hold them in your own wallet one that you hold the private keys to before the June deadline. You will need to register the ETH address to the EOS contract and receive your EOS main net address and private keys because the EOS tokens will become locked/unmovable useless worthless from this date.
There is a tutorial to follow for this process on the EOS website.