Listen, EOS.io has a huge group of traditional investors that fully funded eos before there was even a crowdsale for the token. The token sale is purely about profit and extracting wealth from other blockchains. The investors and the team have a huge incentive to drive the price up through hype. It is making the team and the investors shit tons of money.
There are ways to do this honestly, like holding funds in smartcontracts that release over time to ensure and prevent fraud. This would have been easy.
Dans comment might be accurate about steem, but to think he is speaking truth unbiasedly when he is building a competing product is incredibly naive.
That's a positive thing as far as I can tell.
That seems to be a gigantic leap based on the previous comment. The token sale can't be PURELY about profit if it is also about distributing the token to create a large network.
Every investor has an incentive to do this with their investments.
It's seeming more and more like this is what you have a problem with.
When you've checked the ethereum blockchain yourself for these recycled transactions we can talk about whether or not their method was honest.
Until this comment he's been promoting STEEM as one of his most successful blockchains. Dan is not incentivised to talk trash about his own creation. Steem has first mover advantage and I know for a fact Dan would have preferred if STEEM had stayed healthy and good for its community. He would have profited from its success. Now he has to put more work into a replacement, and it's not to "make more money", but because he doesn't like to see the community that gave him so much wealth being abused and neglected. I'm not being naive. There is nothing selfish about creating a competitor for his own creation. It would be another gift after the many gifts he's already given you and the world. It would be his way of not letting us down, for those of us who did not let him down.
I've defended dan for a while now all over the rest of the crypto community calling him a scam artist. Obviously he and his team are building projects with a strong usecase in a highly experimental workspace.
That being said he has also mad a career out of attacking other projects and hyping up his community of followers in a frenzy. Ive found this to be true of much of the steem/bitshares/eos community lore. Maybe this is cause they find themselves on the defensive, the crypto community as a whole is enormously hostile.
As such an ardent follower you should know that dan has been talking about steem as broken for some time now, hes been speaking to this since his fall out with ned, even before announcing EOS.
If the tokensale were just about distribution there would be plenty of ways to do this much more fairly, and in ways that could benefit the whole world instead of a handful of folks at blockone.io. at the current cost of this tokensale EOS better have a 1,000,000x more even distribution. Im betting it wont even be 10x better ( which to me would be top ten accounts owning <10%)