## When to buy?
Don't buy it       ...yet!

Only 242,987,158 EOS of 1,000,000,000 EOS are currently in circulation according to [coinmarketcap](coinmarketcap.com)!
The market cap will be over [$1,601,500,000 USDT](eosscan.io) at current prices for a product, that promises a lot but hasn't produced any real value yet and has not a single partner.

##### To put this in perspective
It would be like **every single** citizen of the US just donated this guy 5$.
Or like everybody in Switzerland has just bought nearly 200$ of this imaginary product.

This is too much money for **just** an idea. If Dan Larimer got hit with a depression one day after the end of the ICO and stopped all activity in this project he would have cost his investors **80 times** more than the infamous [Charles Ponzi](https://en.wikipedia.org/wiki/Charles_Ponzi) did cost his own investors.

##### Don't be a sucker. Save your money.
If you truly believe in this project wait a couple of months until the massive inflation from the release of all these new tokens and the lack of news has hit the charts.
Then buy.

## Why?
Don't buy it ...uhh ok maybe just a little.

##### He called it the Ethereum killer
What a glorious marketing stunt.
Fancy charts with transaction numbers of his current projects and all in honour, but most of the [numbers](https://twitter.com/bitshares/status/842040305687879680) were produced on the testnet.
If you check the [site](http://stats.bitshares.eu/) of the current stats - the picture does seem different.
When I checked it at the time of writing it was a measly **0.70 TXS/SEC AVG. (LAST 100 BLOCKS)**.

##### "Decentralization"?! Where is it?
Anybody know how many nodes there are in the network?
Here you go:
http://status.bitsharesnodes.com
http://status.steemnodes.com

Its less than 100 nodes on either network. Compared to Ethereum which has [23128](https://www.ethernodes.org/network/1) it is easy to claim a large amount of transaction per second with just a few centralised servers.
Just ask [LinkedIn](https://engineering.linkedin.com/blog/2016/04/kafka-ecosystem-at-linkedin) - they do **trillions of transactions** with Apache Kafka. They even have more nodes...

##### Ok so I shouldn't buy?
No, but ...meh, I could be wrong.

##### Ok so I should buy?
Probably just in case something bad happens to Vitalik :)
Only If you can afford it. But please don't get your hopes up.



***DISCLAIMER***
*I spent a little amount of ETH to buy EOS on three random days through out the year and hold a majority of my portfolio in ETH.*
*Also this is my first post on steemit and this is just an opinion with links as sources :)*

Regards FluffyCat

***EDIT:***
After concluding my research I suggest everybody to step away.
This is going to fail sooner or later.