Topic: EOS ICO SCAM 👺👺👺 Wow! Can you believe this? 👺👺👺 - page 7. (Read 40384 times)

This is true, I do think that the start of the EOS sale marked the start of the bear market. I think they did sell a shit ton of their ETH immediately.  As the price continues to drop however, i'm less concerned. At this point it doesn't seem like they are going to be getting the $1b that it looked like in the beginning. Still think EOS will be a successful project though, maybe in the future the ICO for the project will seem reasonable.

shorts are open on Bitfinex

entire ecosystem suffers because of this

They are accomplished developers. you can follow most of them on older projects on steem.  These guys are developers not scam artists.  They are putting out regular updates, both theoretical as well as actual code. The ICO happens over a year, and at the end of the year they will have a working product... It is way better than 99% of ICO's

As good as advice as any that I can find out there for identifying potential ICO scams:

https://steemit.com/cryptocurrency/@icoexaminer/how-to-identify-fraudulent-icos-ten-tell-tale-signs-to-put-on-your-checklist

In an unregulated market, I definitely don't invest more than I am able to lose - despite the cries about China's recent ban on ICOs, I actually think that it has the potential long-term to work out in our favour - and crytos (not just ICOs) will rocket.

Anything, as long as there are Chinese people involved, you should worry about some.

(no discrimination, just the chinese are more interested in money. but still, you can not hesitate to join the envy of the Chinese people, as long as you want to make money.)

yes there is some grey area,
But still, its looks better than Tezos and file coin.

Block.one claiming for completion of version 1.

dead line was 22spetember.


so hope we can see some changes,

if they fail on 22 sep. release.

then it would be better to stay away from this project.

I wouldn't say there needs to be a cap on an ICO. Placing a cap on it means it sells out quickly and the speculators who managed to get in can sell for a profit once it hits the exchanges. Who would you rather have the money for the ICO? There's only two options, speculators or the developers. Since the project relies on initial funding to survive, I'd rather the developers get the money than some speculator who happened to contribute a microsecond before everyone else.

I'm buying EOS as a hedge, in case it really is the ETH killer. I don't like Larimer, but in case he's onto something, I can't risk losing if ETH can't scale or falls behind.

No because ICO's are scammy by design.
It's how they work..
Pieces of shit wanted to side step fair launched mined coins so they invented the IPO Coin.
Then i made them change the name a few times.
They stuck with ICO.
The idea was to simply keep pounding out more coins relentlessly added to exchanges for profit.
And the need to own mining hardware which i might add is a sign of support when buying them was removed from the equation.
This was done under the guise that you can simply cherry pick terminology etc from the REAL REGULATED STOCK MARKETS
..then pretend it is like the same thing.
Only it's not.
An IPO is regulated.
A crypto currency is mined and launched fairly.
The ICO is neither of these.

You can put it to bed pajeets.
I can go on ALL MOTHER FUCKING DAY pointing out how each and every single minute tiny little aspect of ALL 100% of every ICO ever made is scammy.
It is by design.
It is what they are.
It is how they work.

It's deadly simple scammy fucking loser assholes.

You are worthless pieces of shit that ruined crypto and contribute nothing of value to getting a worthy fair and proper digital currency adopted by humanity.
Instead you are scummy dregs piling in here supporting raw garbage for profits.
Bitcoin profits.

You shouldn't be here.
Want money ? Get a job pajeets.

You can keep an eye on my middle finger Investards.
..or the door for when the cops come for your tax fraud.
Paid your taxes sleazy greedy worthless crypto-douche bags ?

This is sure one ICO, which you can love or hate, but can't ignore. It's a must "keep an eye on" ICO!!

Haha! Great comment, you've nailed it...

So many question marks with EOS. Terrible ICO terms, and I can't believe how many people are jumping on the hype wagon right now.
Many people purchasing through the ICO have ended up paying more than on the exchange due to all the FOMO.

There's still 9 months left people! I'm just going to keep my eye on this and if I feel like it I might buy some over Xmas/NYE while everyone's snoozing.. 
To go in now and at this price, is ludicrous with all the coins they're dumping. People are just hearing the words "..the next Ethereum" and going in balls deep..

Coins were created just fine before we started 100% premining them.

Take BlockNET for example..
The dev said he had 75% of the code completed before he posted his simple JPEG ANN ICO topic.
I asked him.. Why do you need 1 million dollars ?
He said "to ensure it's a success" 

I did ride the EOS wave when it was added to Bitfinex but I am not going to invest in it unless it hits 10 cents or below because Larimer created Bitshares and Steem and left those projects so nothing is guaranteeing me that he won't do the same with EOS.

He was right as of 3 days ago. I think this remains the case. Its Schoedinger's ICO -- its both a scam and not a scam at the same time. Or perhaps morality is complicated and nothing is black and white.

Most of ICO is just a promise from dev. Even some ICO have demo like bancor! So just pray your God when invest something

Not only EOS most ICOs use token eth platform. Do they think that they are all scam? Not all ICos are scam if you accused EOS scam because using eth platform. Let see if any eth platform that are based on real project. Coss use eth platform but coss run exchanger itself. That is good ICO

I still very happy with my profit from EOS, because I taked the risk bought EOS in ICO and sell when it hit the exchange with +300%. It made my summer hollidays. Absolutely amazing project!

But when it will be released it could be too late..unfortunately time in crypto is very important and I hope EOS would have it. Because look we have a lot of competitors allready.

NEO Ethereum of China. Comsa Ethereum of Japan is coming in October. QTUM planing to lunch satelite in space soon...

With EOS release 1 year latter it could be too late..

definitively not a scam, but well promoted and hyped project. Timing was also spot on...
a bit centralised, less secure but faster... on other hands etherum which super decentralised and with the light network will have apparently same speed and scability

Anything that proposes $200MM for just a good idea on a whitepaper is a scam.. or if not, will LOSE value (see Bancor)

ICO golden rules
1- max $40MM Market capitalisation (I aim $20MM)

2- max raise 50% of this Mcap --> $20MM is freaking more than enough to start a business and hire devs and marketing etc...

3- ideally has an existing structure, or at least a MVP (product). Your call here. Depending on the risk you want to take

4- NEW since this weekend: not Chinese (LOL)

I mean we've got Paris Hilton shilling ICO's now. Mayweather was bad enough. Obvious scam artists are going to head to scam city to scam the suckers. I agree, EOS is a big big sophisticated scam.