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RE: EOS has nearly $500 Million Dollars and $250M Marketcap!

in #eos7 years ago

Hi, interesting analysis but I am not sure where you get the 20% control figure from. Even if EOS ends up with 1 billion dollars ETH (which is unlikely) the market cap of Ethereum is 20 billion so that would be 5%. Also, we should remember that it is not EOS that has the Ether, it is block.one and the full value may well not translate back into the EOS ecosystem. That said, it will be in block.one's interests to have a high EOS price so any investments/incentives they give to partners/developers will probably pay back several times over and that will only give them more to boost the system. If they pull this off, the EOS ecosystem could be a key technology/infrastructure of the future.

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Good observation! I have no idea how I screwed that one up. I updated the article to reflect the 5%. I don't think it changes my position on control and influence on the ETH network, but it certainly changes the dynamic a bit.