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RE: Daily: Bitcoin Rally! EOS losing momentum? Chinese Censorship

in #bitcoin7 years ago

The EOS valuation is so crazy right now, keeping in mind, that is only a whitepaper and an idea - not a finished projekt and not guaranteed that they will ever reach their goals. Furthermore their competitors can also use the next year to better their product, and developers get more used to working with ETH for instance, are all things which dosen't seem to be reflected in the price atm.

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I am completely in agreement. I can't believe EOS's valuation and it's why I did not invest in it. As you said, it's just a whitepaper.... It's not to say they can't do something incredibly disruptive but it's ridiculous the level of fervor behind this ICO.

An ETH killer cannot be in the making on paper, but in implementation. Let's see what EOS can do, or if it'll be another half abandoned project like Bitshares and STEEM by Dan.