EOS ICO about to hit 800M USD in ETH

Not even Elon Musk on meth could write this:

https://github.com/EOSIO/Documentation/blob/master/Technical...

"The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications."

Praise to the horned one! I could spend the rest of the day just listing the number of grotesquely hard problems that spring forth fractal-like from that paragraph. A lot of them are unsolved problems in computer science and engineering, as in "armies of hackers and Ph.D candidates have not done these things."

Let's just start with "blockchain architecture that scales to millions of transactions per second," or that one word horror "database."

The streets are lined with the festering corpses of those who thought they would just go and build a (non-trivial) database.

Grab some popcorn. A lot of dumb money is about to be vaporized.

This is so crazy. They are moving fast towards 1 billion USD. I can't see how a pre-product company can spend that amount of money in a reasonable way.