/biz/ - Business & Finance

Its pumping from the tears of a thousand NEO bagholders.

On a serious note, eth fanboys probably keep shorting it so it gives an incentive for Bitfinex whales to push the price up for a short squeeze which leads to FOMO.

Then eth fanboys continue adding to shorts.... and repeat the process

>>9132852
the bull run is manifesting again. don't miss what is right infront of you.

literally nothing good about it, just another centralized shitcoin

>>9132852
If you feel late for this like I do, just hop on zilliqa train.
Eos is a pyramide.

>>9132852
Saging all eos threads. Join the fight with me. tired of you faggots

SAGE

>>9133077
lol

solid reason for hype, whether the tech is there or not (it isn't, at least not at the levels deserving all the hype) it's easy for everyone to understand and the logo, branding, etc, all are reminiscent of ethereum, and everyone remembers how ethereum went.

>>9133185
Pretty much nailed it.

EOS is not a working product yet, but it's momentum is piggy-backing off of how ETH went and tons of brainlets are buying into it without really understanding it and believing the "Ethereum Killer" meme

Little do most of them realize that ETH's sharding is basically already figured out and in testing phase right now, basically rendering EOS obsolete if all goes well.

>>9133291
Thank you. Glad there are still people with brains on this board. Once eth figures out sharding, it renders most of these other shitcoin useless (ada, eos, neo). learn the hard way.

>>9133291
>>9132852
I'm pretty sure it's latecomers looking for that x1000 they missed on ETH and other coins.

I'm sure 99% haven't even read the EOS website that literally states picture related. So much blood coming.

>>9133161
It's their job, but I can't wait for this piece of shit to tone it down with the marketing.

Eos and Bitfinex have worked together from the start. Brock Pierce was involved in both Tether and Eos, and during the first months of the crowdsale, following the trail of certain addresses on etherscan showed dozens of thousands of Eos sent to Bitfinex, ether coming out a few hours later, more Eos bought in the daily crowdsale, rinse and repeat.
You have to under this is no pump and dump: the success of Eos relies on attaining a critical mass of technologically inept users for whom the flaws of dpos are too abstract to matter, and to do that before scaling solutions mature on Ethereum.
What's a good way to adoption? Price appreciation of the token. Block.one is sitting on a fortune in ETH, and they can draw from that warchest to pump the price handsomely.
This is essentially the story of Dash or Veritaseum, except Eos also has a working product behind it. Passing $100 isn't impossible in these conditions. Just as well, it could blow up any moment. Eos is essentially a blackbox. All we know is block.one holds all the cards.

>>9134190
With all due respect anon you fag, this is boilerplate legalese to cover their asses re: regulations. There's little doubt people will get their eos tokens on the eos chain, and repeating this particular piece of fud makes the case against eos weaker by association.

>>9134399

> for whom the flaws of dpos are too abstract to matter

yeah because pow is flawless

steem has proven dpos can be really sucessful even if the dev team doesnt do shit after the initial launch period

not defending eos, but dont u insult my dpos REEE

>>9133311
Vitalik himself has said that sharding is years away from being implemented. That's assuming it can even actually work, which is dubious. There's just way too much overhead and complexity involved. eos is better from not only a tech pov, but a user experience one as well. Pic related is why you're a brainlet doomed to poverty. Don't bother replying, Im not interested in anything a person that's too stupid to see such an obvious opportunity has to say.

>>9132852
Free shit for all holders.

>>9134190
>I'm pretty sure it's latecomers looking for that x1000 they missed on ETH and other coins.
>I'm sure 99% haven't even read the EOS website that literally states picture related. So much blood coming.
lol you try to sound smart but you're so fucking retarded.

Do you know why the EOS ERC20 have no utility on the EOS platform? Because it's not used on the EOS platform you fucking retard.

The ERC20 allow you to get the real EOS coins in the genesis block of EOS. Those in turn have utility.

This screenshot isn't even FUD. It's just a fact of how EOS works. The EOS ERC20 has no utility on the EOS platform. The screenshot is completely factual. Yet in no way does it make the EOS ERC20 less valuable, unless you are a brainlet (which you are).

>>9134543

im holding eos but you're a retard

did you read the whitepaper at all before buying fucktard? this refers to the EOS coins, not ERC20 tokens

>>9134578
No, he's right and you're wrong. Block.one isn't even launching a blockchain. They're leaving it up to the community. The legalese is basically saying that they have no control over what the community does with the erc20 tokens they distribute, and the snapshot made in the 1st of june. The actual eos token itself will have nothing to do with block.one

>>9134608

>Block.one says they are giving no functionality to the coin
>The whitepaper states exactly that and so do I
>I'm wrong

dont think so baby

>>9134624
The eos token on the eos platform will be used as bandwidth to power apps and as voting power. That's something entirely different from the erc20 token they're currently distributing, which is indeed useless and has no guarantees tied to it, for reasons previously mentioned. I'm not sure what you're so confused about.

You should be buying PFR instead of whatever crap youre holding. Their mainnet comes out on April 30th. Do you realize that Localbitcoins now has KYC? Do you understand that once PFR is out, people will all jump ship to avoid having to upload documents? People kept doubting the project but these guys deliver. Do you want to be poor forever..

>>9134734
Go back to your poo road pajeet

>>9134578
>im holding eos but you're a retard
>did you read the whitepaper at all before buying fucktard? this refers to the EOS coins, not ERC20 tokens
I did read the white paper, and it refers to the ERC20.

You are an extreme brainlet and you will always be poor.

>>9135032

eos is the greatest wealth transfer of all time

>>9135051
All you had to do was scroll down...

you guys better but a small hedge on EOS

I will laugh so hard if this goes to $50 in the next 2 days

dont be losers

congrats to big EOS holders currently

>>9134190
hello shit for brains

What a lot of people have been missing here about the EOS pump is that most of the volume is coming and has has been coming for weeks already from Asian exchanges.

I have talked to some Asian crypto enthusiasts and I sensed that while they did certainly understand the basics of Bitcoin and blockchains, most info about altcoins was pure hype/rumours from their own forums. While they do speak some English, they never visit English sites and do miss out on a lot of critical info both on the technical side and also about recent developments. They just don't have the ability to do their own research. Someone from the forum does try to scan English crypto news sources from time to time and translate it to Korean/Japanese/Chinese, but this info is just a fraction of what we can get. This creates an echo chamber.

It is much easier to create biased hype in the Asian crypto forums. Asians are just investing a lot more blindly than us and there is not much they can do about it. The EOS pump does have the chance to easily reverse, when the narrative on the Asian forums switches to some other coin. I am saying that, whatever news you hear about EOS, whatever is the result of you doing your own research on EOS, it might not matter as the EOS price is dictated on the Asians and the result of their echo chamber.

>>9135218
Honestly, how can you know that Huobi and Binance are actually asians buying? And coinone just listed like a week ago

>>9135218
>What a lot of people have been missing here about the EOS pump is that most of the volume is coming and has has been coming for weeks already from Asian exchanges.
Eos briefly surpassed bitcoin in volume on bitfinex today.

EOS is terrible -

1) it's scaling is based on hardware, and putting everything on a few block producers with powerful single-threaded CPUs

On top of that - the value of a token =/= value of the network, even if the network worked.

2) it's based on dpos and still has the fundamental problems experienced on bitshares - namely the paradox of voting where no one bothered to vote (there is no incentive to) and bad witnesses and commitee member couldn't be voted out (e.g. bitCrab).

>>9135218
You live in 2018 and believe that there aren't professionals translating that shit where there's clearly a need for it?

asian crypto enthusiast my ass

>>9135268
How would you know?

>>9135282
EOS is very similar to bitshares.

>>9135256
Big margin whale bought over 11M EOS on bitfinex. Everytime he's buying the price goes up in a straight line.
https://www.tradingview.com/chart/8QDkGikR/

>>9135268

2) is ruled out by simple curation that steem has proven to be a really sustainable system. No one on steem floats voting power because they literally lose money if they do.

a lot of people miss how much eos takes from steem (which is why ned fucking hates their guts) and how many concepts have already proven themselves as incredibly successful

>>9135290
How would you know?

>>9135290
>>9135268
There will be more incentives to vote for eos block producers. Some candidates are already offering eos holders dividends from their inflation earnings and I suspect this will become the norm before long.

>>9134481
Steem's implementation of DPOS results in plutocracy, as inertia ensures witnesses remain the same. If there is a version of DPOS that isn't flawed on that level, it doesn't exist on any current blockchain.
Besides, the problem with DPOS isn't your day-to-day use. It's more like an edge case scenario, like 51% attacks and nuclear meltdowns: it has an infinitesimally chance of happening, but your job is to make sure that chance goes down to 0%.
PoW is not flawless which is why even Ethereum is transitioning to PoS. But it is more secure and decentralized as of now. Comparing mining pools to block producing individuals with the conclusion "21" is more decentralized than "5" makes about as much sense as comparing political parties to a director's board: while groups are to an extent controlled from the top, the concessions they have to make to their members intrinsically makes their decisions more reflective of group consensus. Individuals have no such accountability, and there's no saying these individuals won't form groups themselves, or even worse, a single group.

>>9135324
I agree that steem's dpos is fundamentally flawed, but it's a fantastic step in the right direction. I'm not saying EOS should take steem, copy it and do the same thing but with more development support (although that's how they advertised to steem users), but they could definitely learn from it's mistakes and strongest elements.

The idea of distributing tokens through DPOS for content creation - this is what both platforms share, their fundamentals, and I'd be very surprised if EOS tried to shoot for the moon with untested, risky ideas rather than implementing the tested and somewhat working solutions steem found

>>9135298
People delegate their votes and tend to just forget about it. Charging them for not voting just means they leave it on someone.

Also you can't have used Steem if you think it's a sustainable system - the steem dollar for example is completely broken, the mining system is a joke.

Similar diasters on bitshares as well.

>>9135312
There is a distinction between witnesses and commitee members, the members can't pay you since they don't earn anything. The dividends also won't be enough since the top witnesses (at least on bitshares) require millions of votes, so your dividend will be diluted.

>>9135381
They don't charge you. You get a portion of the posts' rewards for voting for them. If you don't you just miss out on these rewards.

You can't mine steem since one of the first forks. I use steem daily, have a very successful startup based around it's blockchain and I essentially don't care about the price of the coin by now because i live on curation rewards.

And there are talks about removing SBD, which is interesting.

>>9132852
I knew it would go up for weeks,
stay poor fags

>tfw they call you a TA fag
https://www.tradingview.com/chart/EOSBTC/KWJw0GNP-EOSBTC/

HPB as product is way better than EOS even at the test phase currently, i cant belive this shit is so hyped while HPB is alot better as product, well normies gonna normie.

>>9135482
>i cant belive this shit is so hyped
hyping and pumping is literally the only thing eos was created for

>>9134578

it literally says "EOS Tokens" not "Coins", as in ERC20 Tokens. Don't be that dumbfuck who doesn't know what a token is.

>>9132852
its got its gains based on the
>x is the ETH killer
meme

>>9135482
nobody trust anything coming out of China

>>9135218
we need to start doing the equivalent of pajeet shilling on Asian forums.

You should be buying PFR instead of whatever crap youre holding. Their mainnet comes out on April 30th. Do you realize that Localbitcoins now has KYC? Do you understand that once PFR is out, people will all jump ship to avoid having to upload documents? People kept doubting the project but these guys deliver. Do you want to be poor forever.

>>9135218
This is so true.
It's especially visible on Bithumb and with XRP.

Their project is still getting funds. I really prefer to Not enjoy this moon mission than get rekt. Any indicator shows thats a good point to buy.

When moon mission finish and lot of ppl get rekt will be time to buy, will add Eos to my watchlist

>>9134190
>>9134578

Seriously make sure you're more informed before posting on this board. You guys are outing yourselves as noobs. I'm trying to be nice about it, but these comments are very foolish.

Unless this is bait, in which case go fuck yourselves.

>>9135366
Fair point. It's going to be interesting to see how Eos plays out. Even ETH maximalists should be happy it exists, healthy competition ensures better products. Parity would have pushed for the bailout even harder if Eos (and to a lesser extent, Cardano and Zilliqa) weren't looming threats.

>>9132852

Now is the best time to buy!

You should be buying PFR instead of whatever crap youre holding. Their mainnet comes out on April 30th. Do you realize that Localbitcoins now has KYC? Do you understand that once PFR is out, people will all jump ship to avoid having to upload documents? People kept doubting the project but these guys deliver. Do you want to be poor forever..

Look at the circulating supply. It won't moon much further. All the people fomoing in because of greed are in for a rude awakening if they are expecting $100+ and definitely not the $1000-1300 run ETH had last year

>>9133185
the tech is there niggerface. they've been finished for over 5 months and gave themselves a grace period to work out bugs. the software has been launched, you can develop on it right now and the main net is coming June 1st. brainlet niggers that say the tech isn't there have no idea what's going on. this period before the launch is to organize block producers and give people a chance to fomo in. stop being a dumb cunt and get with it. EOS is the new standard. faggit

>>9133291
Ehhhhhhhhhhhhhhh Bitcoin Cash is about to throw a spanner in all these works

>>9136153
>You guys are outing yourselves as noobs.
leddit spacing. nice try faggot.

I'll stick with my Zilliqa.