Those launching the software can make a Genesis Block that is:
- A 1 to 1 ratio EOS to ERC20 token, or
- Give all stake to Satoshi, Bob and his Nigerian cousin
That's rather absurd. There are many different ways to distribute tokens. For example, someone might want to launch a chain with tokens airdropped on all Steem users (or perhaps even all Graphene-based chains). Or maybe a rolling claim system of Bitcoin users the way Byteball or Stellar are doing. Or perhaps another ICO with some twist that makes it attractive. Or using mining. These may well be very effective ways of distributing tokens, perhaps in some ways even more effective than the original ICO.
I don't think the game theory is as clear as you make it out to be, because the choice is not really between the block.one ICO and some joke distribution involving a Nigerian cousin. That said, I do think that the block.one ICO distribution will probably have a lot of value in the market. Investors betting on that are certainly taking a lot of risks (not exclusively the distribution issue, but not excluding it either).
(Upvoted for visibility. Reward will be burned.)
Forgive me for being a minnow.
What is EOS to ERS20 token?
Where to go and read more about the Genesis?
Love the post @cob.
Cheers,
@Yehey
An ERC20 token is a token hosted on Ethereum, which is what block.one is selling in its ICO.
You can't. There is no genesis yet. The premise of the ICO is that a genesis block will exist that allocates stake on a chain (which does not exist yet) according to the distribution of the ICO (ERC20) tokens. This probably will happen (in my opinion) but ICO investors have no guarantee of it, and I don't mean 'legal' guarantee.
Hey, this is the wrong place to do it and I do apologize, but I've been trying to get in touch with you about our SP rental agreement. If you don't contact me by the end of today telling me not to (steemit.chat may be the appropriate venue for that), I'll send you a second week's payment. Also do let me know if you'd like to double our agreement.
double is fine
Excellent. Thanks much! Pleasure doing business!
Ah, fantastic! Just saw the switch to thing-2. Thanks a ton!
The blue pills are 1 dollar the red pills are crypto's :
Thank you very much for making the concept of EOS less significant and introducing the new thing like ICO.
Thank you @smooth