"Timestamping for value" and using that as a factor in calculating who gets how many tokens is not a good idea in any ICO.
If bitcoin price dropped then you wouldn't be saying that would you?
Sure I would still say that.
Once you donate your single BTC to an ICO, you should no longer care whether or not all other BTC in the world goes up OR DOWN. Because they WILL do one or the other, if not both. Instead, you have decided not to allow your single BTC to participate in that market for the next few weeks.
The act of donating a BTC should imply a decision not to
cry if the value of all other BTCs in the world then go
up while your donated BTC is locked in an ICO for weeks.
Your focus should be on ICO token launch.The act of donating a BTC should imply a decision not to
gloat if the value of all other BTCs in the world then go
down while your donated BTC is locked in an ICO for weeks.
Your focus should be on ICO token launch.If you still feel a need to cry OR GLOAT, then you are not fully emotionally committed to your act of donation to the ICO. You are exhibiting doubt. You are still connected to the ongoing market outside of the ICO. You are looking for personal reassurance and personal validation from a situation that does not care about you. You should not do that. It leads to a lot of emotional stress in a situation where you no longer have any control. You have given your control to the devs. Trust them. Why else did you enter the ICO?
It is hard enough to get your emotions under control when making a cold, logical decision on whether or not to invest in an ICO and its devs. In the MGO ICO, the devs have made achieving that emotional control harder by introducing an element of "timestamp for value". That means you are still thinking about the value of your BTC both before and after your donation. This is a huge distraction that serves no useful purpose. It is just a psychology trick, to make you feel "safer" about entering the ICO.
I say again, all donated BTC have the same equal value - their value on the day escrow is over and the devs can access them.
I say again, giving some donators more MGO tokens than others just because they donated their BTC on a "lucky day of peak BTC value" is not fair.
I say again, whatever....let's do this.
Instead of concentrating on BTC donation price and the outside BTC market, you should instead be concentrating on the MGO launch price.
MGO is what you own now, not BTC.
Do I practice what I am preaching here? Boy, it's mighty hard to do.....
