I feel the same way. I want in on EOS but not via an ETH ICO.

https://nvo.io/index.html#demo

I share your disappointment. The reason for not doing it on bitshares or others was that that would have required them to setup a server or bot on bitshares to handle the distribution. Pretty weak excuse if you ask me, since all the proceeds of the auction will go to a single party. The trick they seem to use is that block.one will have nothing to do with the launch of an eos blockchain, anybody will be able to launch the official eos chain.

 Maybe they just want to flash crash the eth-price to help launch eos.

Another thing that comes across as a little icky, is that not only does block one get 90% of the auction proceeds, but they get 10% of the network as well. If block.one employees are able to use the proceeds to get a bigger stake in eos, that does sound kinda bad.

Just follow the money.. a lot of people already invested in Ethereum (and anything that uses Ethereum) and it's a smart idea to relocate value held in Ethereum to an independent EOS shares/Tokens Blockchain after one year.

I thought about it also. Why not using bitshares and make the best demonstration that everything works like it should be?

what do you think about the 21 million ico?

The last point in <a href="https://www.eos.io/faq.html">the FAQ</a> seems to say no, they will not be put into the ICO:

<blockquote>
26. Will block.one be contributing to the EOS Token distribution?

No, during the entire EOS Token distribution period, block.one will not do any of the following:

 * block.one will not purchase EOS Tokens by any means;
 * block.one will not pay any dividends to its shareholders; and
 * block.one will not perform any share buybacks.

block.one intends to engage an independent third party auditor who will release an independent audit report providing further assurances that block.one has not purchased EOS Tokens during the EOS Token distribution period or traded EOS Tokens (including using proceeds from the EOS Token distribution for these purposes). This report will be made available to the public on the eos.io website.
</blockquote>

That said, what the individual employees do with their own money or the money they get paid? That's a different story. I assume the 10% they are keeping for themselves is the incentive to keep the team motivated.

As to it being on ETH, that's also covered in the FAQ a bit. I think if there was a better, decentralized, transparent, provably secure way to do it, they would. ETH seems to be the best approach available right now and Dan generally seems to go with the best approach available on stuff like this.

I get that ETH makes it easier to successfully ICO, it's been used and it's where the money is but I agree it's disappointing.  ETH ICOs are harder for normal investors to get in on, they've been proven to have issues(Status ICO) and for a coin that's supposed to be the next amazing coin to use broken tech to ico is worrying.  I'm left questioning how EOS will do after the initial pop.  Are they just focusing on market cap and not tech?  I'll probably try to invest but I'm definitely going to be more cautious now.