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RE: Could EOS Become the Most Widely Distributed ICO Ever?
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.