EOS the dawn of corruption !
Would you invest in something that does not have a working product yet and like Verge found 12 bugs in the last week before launching by a single individual ?
Well the EOS tribe regards any bad publicity as FUD, but if you take a step back and take a deeper look into EOS it is not looking good to say the leaste. I will be giving factual evidence from the individual that found 12 bugs and reasons why EOS will most likely not succeed. Some of the psychological reasons for why people may be buying into EOS and it's basket of promises is that they may have missed that Ethereum bus and are hoping to catch the next sadly.
REASON 1 NOT TO INVEST IN EOS
A hacker by the name of Vranken described the EOS bugs as "very bad". He went as far as saying that "you could crash the network with a phone call". He went on to say that he is not sure about the ENTIRE EOS network. From just a common sense perspective if you had a year of fund raising why would'nt you start the bug bounty much earlier. Not just one or two bugs but a dozen were found and not just small ones "the number and severity of each bug was alarming".
REASON 2 NOT TO INVEST IN EOS
Leadership is on the most important aspects as to whether or not a cryptocurrency project will succeed or not as seen by Vitalik Buterin. Many praise Dan Larimers past projects, however I see it as a lack of direction and a money grab in an emerging market where one can practically print your own digital money. Firstly, he created bitshares, then steemit and lastly EOS. This shows a clear lack of focus and no commitment. I would not be surprised if he leaves EOS to work on another project as his track record shows.
REASON 1 TO INVEST
The only thing that EOS has going for it is its major war chest that it has to fix bugs and entice people with many airdrops. They also have the advantage of coming in the year after the ledenary Ethereum that went from $4 to $1200 in which many people are hoping for this exact occurrence. However, all it takes is for developers like Vranken or other developers to look at the code and thats when the great exodus of developers to head to the hills. I predict post after post of developers running away from EOS just as some projects are moving from Ethereum to Neo as Ethereum has low TPS and scaling is a major problem.
Steem works well eos is like a newer version of steem
Interesting to hear negative points on EOS. There's a lot of buzz, and not a lot of rational criticism. Have any more information why you think it won't succeed? Honestly your critiques seem kinda deflated.
My main point was the number of bugs that an expert blockchain professional reviewed the code and said that it was poor quality. Compared to Ethereum that only had a maximum of 2 bugs since it was launched. EOS is looking very dodgy. If those bugs were not found the system could've easily been hacked. Who only after more and more developers review it and it is found to be unstable then no one will want to build ontop of it and the crash just like the VERGE conspiracy will happen. I will not be surprised if a 51% attack happens. The hype makes everyone want to FOMO in since the price is relatively low.