While I recognize the legal declaration that EOS tokens have no value, has there been any public statements that they will? The potential for EOS seems so huge that almost no one wouldn't invest in it if they could, but this legal stuff is really killing me. That would make this project a total gamble. Did they put that in there just in case the project fails to cover their asses, or do they really intend to issue EOS coins once they have a working blockchain platform?
To my knowledge they haven't made any public statements that they will - it seems as though it would contradict the intentional steps they've taken as precautionary measures.
Two possible approaches:
- Gamble on the promise with the hopes of being rewarded with a gain that is commensurate with the additional risk taken
or
- Wait until after the official EOS blockchain is released next summer and acquire actual EOS tokens/coins. You'll miss you on some gains but surely not the bulk of long-term value
Given that block.one/Dan seem to be motivated more by creating a game-changing platform than by making investors wealthy, I don't think there is a high likelihood of them providing any statement to allay the fears of prospective investors.
Not trolling, but there are a couple of details that I think should be added to this.
FAQ
https://eos.io/faq.html 2. Who is building the EOS.IO Software?
"block.one, a
Cayman Islands exempted company,"
23. Where do the proceeds from the EOS Token distribution go?
"
Proceeds from the EOS Token distribution
will be the revenue of block.one."
One of the big philosophical debates surrounding STEEM was whether or not you can call something a scam if they are openly telling you exactly what they're doing? STEEM ended up with a hugely unfair initial distribution and continues to be heavily skewed towards those who benefited from that very overt intentional "fast mine", but is recovering as early "whales" are cashing out (Dan Larimer included -
https://steemdown.com/ ) and will likely do quite well in the future even though a very few made off with the early riches. Everything here looks very similar, perhaps even a little "shadier" since with this one you're betting solely on the man's "good word", and that in spite of there not being a single word out of his mouth about it.
Just saying. It is what it is.
It's really hard to say. Larimer has built some great platforms in the past, but he has also scammed people in the past. I'd really hate to miss out on a successful launch of potentially the best blockchain project of all time, but I kind of suspect something about this is too good to be true. Ethereum was supposed to be a scam too, but it's second only to Bitcoin now.
I'm keeping my eye on it. I'll probably pick some up on EtherDelta at some point and hope for the best.
3rd time's a charm?
there is something about this project that reminds a lot about the same feeling i had when i came across bitcoin.
Looking around the interwebs, there are over 80% of the crypto space who are skeptical (my subjective rough estimate).
This project is highly undervalued and the founders seem to know it. They are oozing a lot of confidence.
i just had a look at steem historical price chart and the highest price was 17X from the lowest price (in under a year)
if EOS lives up to what is on paper, this could easily shoot up 3X (17X) in a couple of years. This is not unreasonable as comparing to Ethereum $30b+ market at its peak.
i am yet to come across any convincing arguments against EOS. most border on - Dan and "its impossible, i'll believe it when i see it"
some of us, have more information than others.
myself, i want to put in as much $$ as i can. I am hoping the price stays low long enough to back myself a decent amount.
I am looking at 20X as the minimum expectations
30X - 40X as reasonable
50X - 100X if it works as expected
) into EOS 
