Why EOS may represent your best bet if you dream of turning $10K into a million.

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( Disclaimer : Because the information on this blog are solely based on my personal opinion, it should NOT be considered professional financial investment advice. - The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. )

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Back in 2016, I was trying hard to convince my Family and Friends to invest into this relatively new and risky crypto-asset called Ether.

« Smart contracts and decentralized applications - also known as dApps - are going to revolutionize the World and the Internet. - If you invest early enough, with a descent amount of money, you might well become a millionaire within a couple of years. »

Sadly enough, nobody listened... and they missed the once-in-a-lifetime opportunity to turn $10,000 into a whopping $1,000,000+ life changing fortune.

I, myself, was surprised (and still is) by how fast Ether - the native « currency of the Ethereal network - went from a few bucks to a all-time high of $400 USD.

At the same time, I predicted Ether's dramatic rise back in early 2017.

Back when the price of one Ether was just $30.00, I predicted a rise to above $85.00+ dollars. - The pitchfork and fibonacci levels gave me a target of above $280.00 by summer 2017, but I refused to believe it and I crossed out my $280.00 target.

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Now, let's be honest. - Although Ethereum is a cool and promising project, the fundamentals behind this new technology do not justify such a massive price increase.

The sad and cold truth is that Ethereum has almost NOT evolved since I was urging people to invest in it.

Apart from the DAO fiasco, nobody is using the Ethereum (today) for dApps or smart contracts.

Yes, people are raising crazy amounts of money (through ICOs) on the platform, but no descent dApps or products are actually being run on the Ethereum network. ( Apart, maybe, the Ether-Delta exchange which is quite slow compared to other DEX such as BitShares or Waves )

Apart from the DAO fiasco and from EtherDelta, no dApps are actually being run today on the Ethereum Network.

The Ethereum development team is still struggling to achieve more than 36 transactions per second and are talking of achieving Visa throughput of 20,000 transactions per second in 5-to-10 years.

For the decentralized network aiming to become Internet 2.0, this is extremely bad. - And this is precisely why I'll never put a penny of my savings into Ethereum from now on.

Just some numbers...

Visa/Mastercard/American Express : 20,000-to-50,000 transactions per second.

Facebook/Twitter : 50 - 100,000 likes and comments per second.

The NYSE : 150,000+ trades per second.

Bitcoin : 6 transactions/second

Ethereum : 36 transactions/second.

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While it is totally fine for Bitcoin to process only 6 - 10 transactions per second ( as it is aiming to become digital gold, i.e. a store of value ), it is absolutely terrible for Ethereum which aims to replace the current centralized internet network.

Even if Ethereum achieves Visa throughput of 20,000 transactions per second in 5 years, it is still catastrophic. -

How on Earth are you going to run Social Media dApps ? CryptoCurrency Exchanges ? Public Forums ?

IT STILL WOULD BE IMPOSSIBLE.

In other words, Ethereum in its current state is doomed to ultimately fail.

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If another cryptocurrency/cryptoasset would offer everything that Ethereum offers ( or promises to offer in the future ) while providing high throughputs, low latency and high scalability, would you invest ?

I sure hope so ! -

Extremely-High Throughputs

Extremely-Low Latency

High Scalability

are the 3 conditions to make the Ethereum network ( or any similar network ) work.

Now, imagine this new network to provide, not only, those 3 requirements, but also free transactions as well as decentralized governance through the votes of the token holders.

Let me introduce you to EOS

While you can imagine Ethereum as a computer ( a very slow one ), you can imagine EOS as both: a computer and a operating-system that has the potential to scale up to millions of transactions per second with a sub-second latency.

EOS may not stand for Ethereum-on-Steroids, but that's exactly what it is.

A Commercial Ethereum that offers, not only the fastest network possible, but also an operating system with databases, decentralized governance and account identification to help developers develop their dApps and smart contracts.

While Ethereum wouldn't even be able ( in its current state ) to support the traffic of the SteemIt social media, EOS has the potential to run huge websites such as Facebook, Amazon, Google and the NYSE will using only a small percentage of the total network.

When, back in 2016, I urged my Friends and Family to invest in Ethereum... I was thinking of a network like EOS who could eventually become the Internet 2.0. ( i.e. a decentralized version of the Internet network ).

EOS is what Ethereum was supposed to be... When in 2016, I was thinking about investing in Ethereum... What I was imagining in my head was a system like EOS.

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Now, EOS is still in its ICO phase. - Which means that tokens are still being issued for its development.

Every day, until the end of the ICO process, 2 millions tokens are being issued. - The total will be 1 billion circulating tokens.

With, already, more than 1 billion dollars ( cash on hand ) to develop the network - and the beta testnet is already running at a 10,000+ transactions speed!, it is clearly the biggest project going on in the whole Crypto universe.

My only concern, of course, is the current inflation rate which is quite high during this initial coin offering period.

Pretty Obvious Descending Triangle here. - My target would be somewhere between $0.50 - $0.30 per token.

« More Millionaires will be made with EOS than with any technology in modern history. »

Yes. This has been my thoughts recently. -

The entry, however, has to be properly timed if you want to achieve this long-time dream of turning $10,000 into $1,000,000.

For that, I wish you good luck.