Topic: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem) - page 141. (Read 189738 times)

There is still nothing build from EOS side and too much fund raised. I hope this will not turn to scam.

they will be exchangeable. FAQ on https://www.eoscollective.org/ should explain how the transition happens and link you to resources on steps you need to take.

I got my tokens from Shapeshift on the Exdous wallet. Can anyone tell me when EOS goes into production are these exchangable into some sort of new EOS token?

Hey guys, can I send ether from my ledger nano S eth address to buy EOS? Will I be able to claim them when I will login on myetherwallet with the ledger? Thanks

I am very confused about EOS project. Price is falling and still i am not in this ship. I will throw some eth if the price falls more.

lol, nice finds, those "EOS has syphilis!" guys are always funny.

the pain in the eth camp is reaching critical levels. 

I wish I'm around in a couple of years when EOS will start reaching or surpassing their marketcap and watch their reactions.

 

In fact, they do not use collected ethers to re-contribute money to the ICO. Instead, they buy back tokens on Bitfinex and support the price. When price fell from the top to the very bottom people complained that EOS token is falling and were dissapointed, so I believe that EOS decided to spend part of the collected ethers to do buy backs and support the price.

It's not bad in my opinion. At least, if they won't dump these tokens one day.

i did not start either of these threads:
https://www.reddit.com/r/ethtrader/comments/7e7bnf/eos_are_wash_trading_to_fake_volume/
https://www.reddit.com/r/eos/comments/7e7jfd/can_anybody_please_address_this_eos_are_wash/

agree, i heard and read interesting thing about EOS online, most probably they are BS (they were tagged as theories) but it is always good to keep an eye open, ICO's lately have been a little shady. Also i have to admit, the line that say that EOS token cannot be used for nothing (they are pretty much defined useless by their own creators...) on their FAQ is understandable (they have to protect themselves) but it's still really scary.

Dan replied:

https://busy.org/eos/@anonymint/re-dan-in-defense-of-consortium-blockchains-20171119t122516214z

Depends on the audit.  If Roger Ver makes a youtube video saying "trust me" then no (for those who don't remember, he did this for Gox in 2014).  But if a legit auditor confirms that their bank accounts + digital currencies correspond to the amounts received in the ICO, that would certainly instill confidence.

I agree with your post tho, I did move the goal posts a little  

Thought about the transactions I posted above, and it's certainly possible that most people buy on exchange, and some people are making a small spread between ICO price and exchange price (sometimes there is a difference).  In that case it would make sense to see the transactions posted above, but shenanigans are also possible, which is why I look forward to seeing the audit.

Just learning about EOS, it seems very ambitious for sure, but a lot of FUD around.

had I known about this project few weeks earlier, I would have gotten some EOS, but with the price already up  400% since few weeks ago, I'm not sure...

You were specifically asking.... "block.one claims the ICO is being audited.. when can I review this audit?"

Now that you got your answer, you decided that an audit is not good enought for you? really??

EOS, maybe it is good idea. It can be launched in a far and transparent way. They always create interesting project though for sure.

so they're gonna pay somebody to vouch for them.. sounds reliable.  would prefer to see somebody like Andreas Antonopoulos look at their books.

This is from eos telegram

Maybe I'm missing some other possibility but it seems like either:

• block.one is lying
• there's another explanation for the activity outlined above

A testnet is coming in 2 weeks and 2 days:

https://medium.com/@eosforumorg/the-eos-testnet-is-here-in-1-month-heres-what-to-expect-2ef546cac6f1

This tesnet allows dApp creators to test their applications and hopefully we can test these as users as well. Think of social media dApps, trading dApps, gambling dApps and more. They will already allow
10K transactions per second for testing. The full network will launch on June 1st 2018 and will support hundreds of thousands of transactions per second.

So to answer your question: The devs are going quite fast and are ahead of schedule.

Another reason could be that EOS once was over $5.50 and went back to 50 cent or so.   

I'm seeing a pattern here: the addresses below (and many more; below is a sample) receive ETH from Bitfinex, send ETH to EOSCrowdsale address, receive EOS from crowdsale, then send EOS back to Bitfinex.

One explanation is arbitrage.  But according to https://eosscan.io/ the price for period #146 (which ended 25 min ago) was $1.72, and even tho Bitfinex received a ton of EOS right after period #146, the price didn't drop from $1.78 (it may have dropped 2 cents from $1.80).  If this pattern were just arbitrage, I'd expect the crowdsale price to be closer to the exchange prices.  I have witnessed this many times--ICO price a bit below exchange price, but the exchange price doesn't drop right after the period ends.  In other words, this pattern is probably not part of an arbitrage strategy.  If somebody is accumulating EOS, there is no need to send to Bitfinex.

https://etherscan.io/address/0x4e8c49fab23532ef2ed14058639f55cf45bade1e
https://etherscan.io/address/0x59438809e11ef3a9e197de965abbfd6792092b76
https://etherscan.io/address/0x9fad7a730ba976ea8cbcf8fcd6e4c217386520a8
https://etherscan.io/address/0x188fb986e8932e8469578430acaa5a2c12f5c48b
https://etherscan.io/address/0xe3c2e9512ea8026b68f69012944e89238a011ac7
https://etherscan.io/address/0x71d8b9755bbca15fc491e6520c21e319a574680b
https://etherscan.io/address/0xeae47e717bb68f80180382e954320bed9072676b
https://etherscan.io/address/0x8c63dfba829060122225d22c9d1d33841d8468d0
https://etherscan.io/address/0x47fcb6d294aad242088b026ad87867166c375207
https://etherscan.io/address/0xe777cde17e532f78227554607872adbb36597f06

also, EOS seems to be maybe the most transacted token at finex:
https://etherscan.io/tokentxns?a=0x1151314c646ce4e0efd76d1af4760ae66a9fe30f&p=1

I am a huge fan of Dan Larimer, Steemit is a wonderful platform, and I really like the EOS project.  However, I cannot come up with a legitimate reason for the pattern I am seeing above.  The only explanation I can come up with is that ETH is being recycled into the ICO, and Bitfinex is being used to hide this recycling.  I hope I am wrong about this.  I trust Dan, and I would assume he's probably not involved in handling ICO funds.

Furthermore, suppose recycling of ETH was occurring.  The above behavior is exactly what you would expect to see.

Who has access to EOS ICO funds?
block.one claims the ICO is being audited.. when can I review this audit?

I've seen this: https://eos.io/faq.html but I don't blindly trust, especially with no way to verify.

It is depending on the numbers of contributing on the period, we can not do calculating truely about that the reason for it is To ensure inclusivity, EOS Tokens have no pre-determined price; rather price is set by market demand. So all of the community EOS has same chance to getting the EOS token and the new updating of EOS is the milestone,  https://github.com/EOSIO/eos/milestone/2