These bids are getting more insane all the time for the username 'eos'. Why would someone bid 50,000 EOS for a username? That is crazy!!!

A week ago it the bids were at 2,500 EOS.

You can keep an eye on the bidding here. These are all for usernames under 12 characters and there will only be 1 of them won each day awarded to the top bidder.

http://eosflare.io/bidname

Personally I don't think the way the bidding is done makes any sense but hopefully it will increase the value of my custom wallet usernames that are 12 characters. I'm going to wait until a lot more people have a chance to snag up usernames so that stuff that is human readable is a lot harder to get and then I'm going to sell some of them.

Can anyone come up with a plausible reason why these usernames are being bid up this high? I mean that is insane. It's like, "Instead of buying this Ferrari I think I will just buy an EOS username!"

Thank you for reading my post and please consider following me @brianphobos