10 reasons to short EOS tokens right now

EOS caused quite some stir when Dan Larimer gave his pitch a few months ago. He basically said it was the Ethereum killer, and smart people who are NOT fools remembered right away that ether was a quick 10.000x, and with no time for a second thought, some jumped right in. Here are the top 10 reasons to dump the hell out of EOS on shorts kindly provided to you by lenders on Bitfinex.

1. EOS ICO has already been paid over 600 million dollars for its ERC20 tokens, but their total market cap sits currently below 200 million dollars, delivering a 66% blow on it’s average investor. What are you waiting for? Jump right in.

2. 600 million dollars investment — if I may be so bold to call it an investment — before they even run a testnet is an ode to the stupidity of current times. But honestly, after reason number 1, do you really need a reason 2 to stay a mile away from that trash fire?

3. EOS is still completely misunderstood by a lot of people, who insist on purchasing it on the exchanges, directly from the scammers who buy it at a discount on their 23hourly everlasting ICO, that is committed to continue selling it cheaper than market price for another 250 days or so.

4. Dan Larimer has a rekd track record. Bitshares is useless and out smarted by other projects, while Steemit is a platform designed to move the purchase power out of investors into the hands of content creators — who otherwise would always choose to publish at a better platform — transforming the so called ‘investors’ into something that looks a lot more like sponsors.

5. The EOS team promises it will be faster than Ethereum, but so is an Oracle data center, that work just as good as EOS, since they completely compromised decentralization to achieve claimed speeds. Take under consideration that data centers are a lot cheaper than 600 million dollars.

6. If you think their promised 500ms blocks are cool, wait until I show you quantum blocks that travel back in time. Yeah, you heard it right. That’s what you will get if you buy my new ICO, PM and I will give you my crowdsale address before others beat you to it.

7. Bitfinex lists EOS to provide the market an opportunity to short this trash fire, dumping it out of existence.

8. Block.one specifically designed the EOS ICO to provide nearly irresistible incentive for day traders to willingly give them a total of (2.000.000 x 99% of current price) every day, which screams at me that they jumped into this with the clear intention to collect as much money as possible by squeezing value of each and every person that holds any amount of their tokens. They are in it to make themselves one billion, not to give away one billion as they recently claimed.

9. There are almost 10k people (me included) in EOS Telegram group, watching it’s spectacular flaming fall. It’s amusing.

10. The EOS team hasn’t promised to deliver anything other than code. They have already clearly stated that EOS ERC20 tokens are NOT convertible into tokens in the EOS network, and also that they are not promising to implement any network at all! Telling you that you will have a user name into that shithole is insulting. But if you really want it, I would recommend you to use Paypal. They are just as decentralized as EOS, and will certainly allow you to have an username too. Give them 600 million and they will might also allow you to run smart contracts on their servers too.

Disclosure: I short EOS for a living on Bitfinex and it pays me handsomely.

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