RE: Time to sell all your EOS

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Time to sell all your EOS

in eos •  6 years ago  (edited)

Hey here are my responses

  1. I disagree, all 'unsuccessful' nodes will become standby block producers and will receive some compensation (details are being finalized) and as voting happens every 2.5 minutes there will always be a chance to get voted in.

  2. EOS tokens are not mined and BP's will not be able to sell them straight away. Similar to how Steem Power works on this platform. Also, you are not including the benefits of keeping your EOS in your wallets such as airdrops and the ability to rent tokens and RAM.

  3. Yes, eth is a good platform but is suffering from serious scalability issues remember crypto kittens taking down the entire​ network, that was just 1 dApp. There will always be competition in the free market which is a good thing for all of us but that has no negative​connotations​s on EOS. Agreed, if the launch fails the price will drop but even if the launch is successful the price will drop, we see this with all crypto's. Again the allure of airdrops around the time of the launch will keep those who truly ​believe​ in the platform in the game. eosDAC completed there 1-1 airdrop​ and it has turned out to be very profitable so far.

  4. You are very wrong here. For a start,​ the testnet is producing 1000 tps (500 per block, 2 blocks per second) and there is no reason to think that the mainnet will not do the same.

eos
6 years ago by

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      ·  6 years ago 
    1. If participants faild to be one of the 21 supernodes, he will definitely sell all its EOS. There are more than 50 nodes to run for supernodes, as EOS decrease the inflation rate to 1%, so there will be two side effects: 1. users' EOS's value will potentially decrease 1% every year. 2. 1% is not enough for supernode investment, in the situation that no other buyers are willing to push EOS higher, the supernodes will not gain as they expected, such will suffer the entire ecosystem.
    2. Whether or not sell them straight away is not important, the selling pressure still there. We just need to consider buyer/seller number, so which one do you think should be larger?
    3. Platforms can evolve, the strongest can still be strongest, because so many people are holding tokens in ETH platforms, it's not easy to transfer to other platforms. New Dapps may want to try EOS, but it's more risk than ETH. Comparing to ETH, one should believe a decentrilized platform or a centralized platform?
    4. The technology behind high TPS should not achieved by centralize 21 super nodes. That's not innovation. You can use even less computers to achieve more TPS, so from technology's point view, it's just a seeming decentralize community but with a centralized cloud computing, it’s just like google have computers in different locations. The supernodes will act together as one unity to rape users.

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      [-]
        ·  6 years ago (edited)
      1. There are actually over 100 block producer candidates it seems your research is lacking a little or at least not very accurate. The inflation rate has not been confirmed yet either, that will be for the community to decide.
      2. Agreed, they may be some selling pressure and your opinion is valid but still only an opinion. Without facts backing statements, it is simply speculation which is ok but not great advice, more so when your others details are not very accurate.
      3. It is very easy to transfer ETH to other tokens, in fact, EOS is currently an ERC-20 token running on an Ethereum smart contract. All the major exchanges support and trade multiple tokens so I am confused as to why you would say it is hard to 'transfer'?
      4. lol, now I am really confused, EOS is not centralized, this is a massive misunderstanding. Ethereum is mined by massive pools and can arguably be called more centralized​ than EOS. You are confusing individual nodes to mining​ pools

      eos-eth.jpg

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        2 votes
        [-]
          ·  6 years ago 

        Thanks for you reply. And it’s my pleasure to discuss with you.
        1.I looked up again from https://forums.eosgo.io/discussion/963/block-producer-candidate-report-9-may-16-2018, your are right, there are 147 candidates now. It’s even worse, after 21 super nodes be selected, more EOS will be sold. There will be 121 left, so at least 26 will be out. And we still do not know how many of those 100 will sell their EOS, given they will share 50% EOS by their vote percentage(the other 50% exclusively shared by 21 super nodes), the earning shall not be huge, comparing the investment , the best practice is to sell them. As this diagram shows: https://etherscan.io/token/tokenholderchart/0x86fa049857e0209aa7d9e616f7eb3b3b78ecfdb0
        Top 100 holders own 68% of EOS, I believe the sell pressure will be huge.
        2.You are right, the only way for EOS to succeed is to have more projects coming in the platform, given that the EOS total marketcap is $10B now, and let’s assume after mainnet a daily turnover rate of 3%(like ETH today), so that their should be $300M buying support to sustain the price. Before mainnet, people have hope that there will be a lot of new projects in, but after mainnet release, the supporter will only be new project crowfund, no miner supporters like BTC/ETH, so everyday there should be at least 30$10M projects, if one project spans for a month, then there should be at least 3030 = 900 number of $10M projects raising funds simultaneously. Let’s reduce the number to 1/9, there should be 100 projects raising funds at the same time. I think it should take at least a year to reach that level. So that’s why I suggest we sell EOS now and wait at least half a year to see the results.
        3.I mean, if you already publish tokens in ETH platform, it’s hard to transfer them to EOS platform. I know there are codes to immigrant project easily. But the business logical prevent them from doing this, not a technical problem
        BTC has more than 9000 nodes now. You should not consider pools as one unit. Because user can choose whatever pools they like. But for EOS, it’s a exclusive system, not everyone can participate in the mining process just like mining BTC. For BTC, it’s like Gold mines, anyone that find a mine, he can mine it. But for EOS, it’s like federal reserve, they control and publish USD(EOS). If you think federal reserve as decentralized, I will agree with you on your point on EOS.

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          [-]
            ·  6 years ago 

          I think we will have to agree to disagree, let’s see how things pan out over the next 2 weeks.

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            1 vote
            [-]
              ·  6 years ago 

            exactly

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                ·  6 years ago 

              now, it seems that I am right.

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                [-]
                  ·  6 years ago (edited)

                What are you talking about, the whole market is down so you could have said sell any coin NOW. It seems that you do not understand the crypto market dynamics at all. I could have laughed​ in your face when EOS went over $20 but I did not, things will turn around/

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