Jimmy Song: EOS is a scam. Don’t waste your time
Jimmy Song has been criticizing all the crypto projects recently except Bitcoin. Earlier, he said some bad things to say about Bitcoin Cash and its founder Roger Ver. EOS got a lot of negative feedback as well and was called a scam. Song believes that young developers should avoid working on it.
Don’t buy EOS
During the interview, Vlad Costea asked Jimmy Song for advice to people who are interested in working as blockchain developers. Vlad asked him how attractive it was to work on Bitcoin instead of developing on other blockchains like EOS. Jimmy Song was harsh: «Well, I think EOS is a scam, and I don’t think you should work on it …»
Working for something EOS… I don’t think it’s a really idea because it will die in a horrible dumpster fire in the next five years. Doing something for an ICO, that’s not gonna last. You’re not going to have anything good on your record by joining a lot of this stuff.”
So why shouldn’t we buy EOS? According to Jimmy it will die in the next five years.
In Song’s opinion, blockchain technology has seen rapid growth since it’s inception, though he believes that software development for these cases can be seen positively. However, the fact that he can support certain projects with the same ferocity as he attacks them shows the influence he could have in the industry.
As of today, EOS is on top-5 cryptocurrencies according to CoinMarketCap. It is currently trading at $5,44 and its market cap is $4,93 billion.