The latest video of awoke in me an alert that had not taken into account:
EOS team is asking for Eth in their ICO, then past one year they will have collected a lot of money, all of them in Ether coin.
.
This is really insane because they will have a lot of control over the Ether price.
In this graph I show you the ether collected during these first 35 periods. About 20k Eth per period. And remember that there are 350 periods in total.
In other post I showed my predictions about the price of EOS. Until now, they are met.
If you make a projection of this values you will found that they will collect between 7 and 18 million of the coins. And the total supply of Ether in the next year will be around 95 million. This means that the EOS team will have between 7% and 18% of the total supply. This is a lot of power for a group that will compete with Ethereum.
It is well known the discussions between Dan (of EOS) and Vitalik (of Ethereum) about which is the better solution. And I think that it is not good that the EOS team have this amount of Ether. Out of interest, they could move large ammounts of money to make the market fluctuate and the Ethereum lose confidence. On the other hand, with Casper, ethereum will change to a proof of stake model, which is a model that gives the power of validation to the people that has more stake (instead of proof of work which gives the validation to people that has more hashrate power). Again in this case, they have a lot of control over Ethereum, which is not good.
For my part I will be awaiting the news to see what important events occur so that we are all informed. I will also continue to contrast these predictions with actual events.
It is your turn, what do you think?
Between Dan and Vitalik:
- https://steemit.com/eos/@dan/response-to-vitalik-buterin-on-eos
- https://np.reddit.com/r/ethereum/comments/6qm0y2/is_the_ethereum_team_defending_their_ground/dkyk94c/
- https://steemit.com/eos/@dan/reponse-to-vitalik-s-written-remarks
- https://www.reddit.com/r/ethereum/comments/6qm0y2/is_the_ethereum_team_defending_their_ground/dkzoj5t/