My theory on how EOS will attempt a hostile takeover

@crypto2crypto · 2018-05-08 13:18 · crypto2crypto

So everyones favorite coin to hate EOS is picking up more and more steam and is on a collision course with Ethereum as the main net approaches. I point out the ETH as it main opponent as Dan himself has said he wants to destroy it and he may actually have some tools to help him in his quest.

Currently we are entering the final month of the year long ICO for EOS and this time EOS has amassed a war chest of Eth. Some estimates state they may own as much as 7% of the total supply and this is where we have an issue.

Screen Shot 2018-05-08 at 8.48.43 AM.png

This pictures shows 220,000 Eths being sent from the EOS wallet to their Bitfinix wallet. Also note the date on which the transaction was sent, you will notice it coincides with the recent ETH dip but was before the fake SEC news really gained traction. which leads me to my next point.

If EOS truly wanted to make it seem as if people were jumping ship and make the narrative that EOS marketcap is gaining due to it being a better alternative to ETH this is how is can see it playing out.

After the main net launch and prices have settled, EOS can start a fud campaign against ETH and its scalability all while performing thousands of spam transactions to clog up the network. Soon after send mass amounts of ETH to be sent to Bitfinix and begin to bleed the price. This wouldn't happen in a day, but over the course of a few days all while using the excess funds to pump the price of EOS. The bleeding of ETH and the pumping of EOS, couple with the fud campaign will whip the crowds into a frenzy. As we have seen in the past, the crypto space has a herd mentality so it wouldn't take much to get this ball rolling.

Again this is just my theory ( or what I would do ) on how this whole situation may play out. There is no concrete evidence that they plan to deploy these gorilla​ tactics but we have seen what can happen when one group decides to irresponsibly​ dump on the market ie Mt gox trustee.

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