Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem)
I think it's a clever ico structure, designed to channel funds, that would otherwise be trading on exchanges, into the accounts of the project creators.
Ultimately there are just developing software that a third party may or may not launch a platform on.
If people keep sending them ETH during the year, then you can imagine future icos may follow their lead. But the price could plummet if people lose interest over the year. The price relies on more people contributing to the ico every day. And at a price they have no idea of until the end of each 23 hour period.
Ultimately there are just developing software that a third party may or may not launch a platform on.
If people keep sending them ETH during the year, then you can imagine future icos may follow their lead. But the price could plummet if people lose interest over the year. The price relies on more people contributing to the ico every day. And at a price they have no idea of until the end of each 23 hour period.
Oh yes, this was truly brilliant, from the developers. It was so nice to see how they said this was fair and made them look like the good guys. But think about it right? What is this money for? Why the year long drive? It's pretty plain to see that this is driven by money. But who knows maybe this means people can go in at cheaper times and change the way people rush for ICO.
They are not guilty of human greed, they are only guilty of building mechanism that use it perfectly
