Why does EOS need $1B to develop their blockchain?

in eos •  7 years ago 

Their ICO seems pretty high starting at $1, does Dan Larimer really thinks he needs $1B to fund this new project? Which to my knowledge is just a rebrand of Bitshares. Does anyone else smell something fishy please let me know your opinions

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It's not that they need it, it's that people give it to them, because they think it's worth that much.