Hi Jeff, Enjoyed your video on EOS - it really has a MASSIVE potential as it is way ahead of Ethereum's current technical status. I wanted to point out one thing you didn't write about which is that the genius way they are doing their Token Distribution stands to raise approximately easily over $1 BN for them!
If you think they have already raised over $200M and they are getting about $3 to $4 M per day for a whole year, so that will leave them with over $1 BN!!! Now if you add this type of funding, on top of the amazing technology and an incredible team - you get some seriously high chance of them making a massive impact on the Blockchain Space.
The reason I wanted to point this out, is because funding does make a huge difference on a company's ability to commercialise something. You can have the best idea in the world but if you don't have finance to promote it, it can go by unloved!
If you want to understand the details beneath their token distribution method and the money they will bring in this year and for more about EOS see the posts I made on my blog and in particular
Sending love to you all out there and have a beautiful day!
No matter how much funding any project gets, development still takes the same amount of time - certain key people have to do certain key development and testing. It may help to speed up development to a certain level, but after a certain point there's no more noticeable benefit to throwing more money into it. Limitations are good. So, it will still take x amount of time and the window of opportunity has to be hit while it is still open. Another thing that funds can be used for is to ensure steady funding of promotional work as well as to help fund other projects built upon EOS.
agreed re development speed - but they can employ the best they can find ;-) I think the main thing the money will be used for is promoting the platform and helping to fund killer apps ;-)