Re: People's belief in value
Reading further, they've raised the money by selling Eos coins. They got some mugs to spend Ethereum coins on them.
So they sold a bunch of unicorn farts, and the buyers paid in pixie farts. But if you tried to actually spend $4Bn cash, you'd come out with $4Bn worth of goods (HP acquisitions notwithstanding). If you tried to actually spend 7.12M Ether, you'd collapse the value of the currency. In fact, their valuation assumes $561 per Ether coin, which has dropped to $280 anyway.
So - not as much dollaroo as they'd like to think...
Eos has taken much the same bath in much the same time.