Topic: EOS ICO SCAM 👺👺👺 Wow! Can you believe this? 👺👺👺 - page 6. (Read 40375 times)

EOS has been up the past few days, but it's not all what it seems. Check out my 8 minute review over on youtube and let me know what you think: https://youtu.be/uaydLoM3Uoo

Who are the DEVs?

Why do you think this is a scam, just because the project does not justify YOUR EXPECTATIONS?
It can be seen that the guys got drunk on such fundraising, not everyone stands the test of success

Please add EOS to http://ico.scam.network if you please.

Amen to that

Ok he is biased but I think he might be right

From EOS telegram channel 

How can the way of distributing it make it a scam ?

According to their one year token distribution model yes, I can beleive that EOS is scam.

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I don't beleive they are scam anyway. Buterin is their adviser.

I don't think EOS is a scam. Im not sure it will be a success but the reasons for calling it a scam are not legit to me :

- they don't need the money to develop EOS. Indeed and they are open about it. At best they will use the funds to create apps on EOS. They didn't ask for this amount of money, its us giving it because we don't want to miss the next best thing

- Token is worthless. Are Ether tokens are worthless no ?

- Bitshares fork. Where is this coming from ?

- Dan Larimer left other projects. So what ? He didnt leave them in misery did he ? How does that impact the EOS project ?

- Year long ICO. Ok its long but how does it make EOS a scam ?

Maybe they will be late at the party and yes it's a risk investing in it. But all cryptos are high risk investments...

I am in blockchain business for few months now and reading all the info about ICO scams and risks seems impossible for a normal person.
So the idea is to gather it all in one known to all place, open to edit, easy to use, decentralized and fool proof (we will see). Try it out:  ico.scam.network

Maybe it catches, maybe it won't, hopefully saves throwing someone's money upfront. (sry for bad english)

Yes Dear,
I am agree with your comment. Time will proved it, it's a scam project or not.
good idea. i like your decision because see here: https://coinmarketcap.com/currencies/eos/#markets

The EOS developers are the BTS developers. If anyone knows how to fork BTS, it would be them.

ETH may have a head start and I do have a lot of coins, but if it is too slow to scale, it won't matter. For me, EOS is at worst a hedge, at best ETH's successor.

Come on, guys, let the people make some money :-) But seriously, so frustrating that people are managing to make things look legit, when they are not. I guess in the future we'll see movies about ICOs and stuff, like Ocean's Eleven :-) Where each team member will have a role in scamming people :-)

they say "most advance platform" and fork bitshares???  

Time to market is crucial. ETH has a so massive advance. Look at ETHs ecosystem.

Even NEO will have problems to compete with ETH and they have huge support base.

EOS collected a huge amount of money and there is no Main Net??

Look at the latest commits. They are currently fixing the typos which were made by the bitshares developers.....

https://github.com/EOSIO/eos/commit/699d1736513deea58f8d342b49288dee9d1ab571

Once there ICO is over and they release the mainnet then EOS will rise to 5$ minimum in the first 3 Months.

i bought hundred 

Before someone tears into my thoughts, im just saying I might be completely off and Im new to this forum, so have some mercy.
But what I see with EOS is that they raised and still are raising a huge portion of ETH Market

lets say they manage to raise 500 Million + USD worth of ETH - Considering the current markt cap of ETH - Around 30 Billion USD
this means that they own about 16%+ of the ETH market cap. and the more they raise the more they own.

Maybe they need all that funding, not for development (Totally agree that its major overkill), but to completely flood the market with ETH causing a huge supply and inducing massive panic among ETH holders. Also you might say that by them flooding the market they are hurting themselves as the ETH price drops, but its like a poison pill, you hurt yourself but your competitor more. (plus this whole year and already cashing in enough ETH to develop their tech, means that they would be ready to replace/seriously compete with ETH)
We have seen in the past that ICO's selling ETH to raise fiat for investments have caused panic. Imagine what 500 million or a billion would do the ETH.
They want to be the ETH competitor, so I could figure out multiple ways how having a huge portion of competitors coins could be advantageous, once you are ready and have developed your own tech.
But then again maybe im missing something very obvious. 
If this strategy is a legitimate strategy, it could be smart.
Personally I would only considering buying EOS at around 0.10 and see what their methods will be in when the ICO ends.
 

What a scam.

- permanent ICO
- Coin has no rights
- BitShares fork
- last commit on the 29th of September in Github