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RE: Could EOS Become the Most Widely Distributed ICO Ever?
The EOS blockchain doesn't even exist yet. How can they sell a token to be used on a chain that doesn't exist? They will be redeemed for EOS tokens. Read actual publications by EOS to understand these things. Go to the source.
I'll watch this video, but the way you describe it, it sounds like FUD. Almost every ICO terms of service I've seen has similar language basically saying you're donating to them and you get nothing in return which keeps them out of trouble from the government. It's all about trust. If you trust a project team and their vision, you invest, otherwise you don't. For those unwilling to do that, they should wait until the project is fully functional and launches and buy the tokens on the open market.
Hi @lukestokes...maybe you can help me understand something. I've been pondering it and can't come up with a solid explanation.
I don't understand the purpose of even releasing an EOS token right now...especially being on the ETH blockchain. They already have plenty of VC funding for development of the EOS platform. What do they need the money for? Moreover, it is likely they will have well over $1B usd worth of ETH at the conclusion of the token sale. Since they don't need the money to deliver the product, I can only speculate on what they will use it for (and nothing I've come up with is a good scenario).
If you are given an option to take $1B worth of value in a token of value of your competitor or not take $1B, would you take it? It might be that simple. Other than that, I don't know. Could they manipulate the ETH market once EOS is up and running? Maybe. Could they fund conversions of ETH DAPPS to EOS DAPPS using ETH? Maybe. It's a good question for @dan.