As the EOS year long ICO draws into its final weeks, I'm beginning to see a potentially large flaw that could result in a lot of of people loosing money.
As you would all know, your EOS tokens will need to be held in a wallet that has been registered with EOS so that you can claim your proper EOS tokens once the ICO is finalised and the mainnet is released.
But whats going to happen to those that have missed this step, or haven't transfered their coins to the registered wallet it in. From what I beleive, those tokens will be burnt, gone forever meaning peoples hard earned cash could go up in smoke.
I'm estimating that 5% of the tokens will be lost due to mishaps by the token holders, or just plain laziness. So with a current supply of about 845Million tokens, that will mean approximately 42million may be lost, which equates to about 3/4 Billion dollars disappearing.
This of course isn't a flaw with EOS, its been well documented and there are plenty of resources to show you how to get your EOS wallet keys. HERE is a link to one of many articles on how to map your MEW to register your EOS tokens.
I think there will be some mass panic in the days leading up to the EOS crowdsale ending which may see a dump in tokens when people think its just all too hard. So it may be an idea to have some spare cash ready to pick up some bargains.
