Quote from: Fastpow on June 27, 2017, 08:46:21 AM

Quote from: semaforo on June 27, 2017, 05:49:34 AM

I am watching the EOS consensus presentation.

So you mean to tell me that EOS is supposed to solve ETH's scaling issues, and replace ETH, but it is going to run on the Ethereum blockchain.... and not a single technical proof of why it should be able to run millions of transactions per second.

I remember when people used to accuse bitcoin of being akin to the tulip craze. I could easily refute them in a way a 12 year old could understand. With these ICOs.... I just can't, and there seems to be a total absence of people who can. It's like, I didn't understand bitcoin or ethereum and people made a bunch of money with it, so I should invest in anything I don't understand!!! And then use some buzz words that make it sounds like the next big thing, which will be fine as long as no one asks me to explain the concepts underlying these buzzwords...

You clearly haven't put in the effort to understand the project. Read the white paper, it should clear some things up.
To respond to your first comment, the erc20 token is just placeholder to jumpstart the projects. The tokens will be ported to the EOS network once it is launched (in 340 days).

Excellent, thank you for answering at least one question. Perhaps you can condense what the technological edge is that will allow it to handle millions of transactions per second is? I did look at the white paper and I was not able to discern what it was- were you?