I'm pretty interested in making a sizable investment, and I strongly agree with everything Elevated has said.
The stuff about how its difficult to make a sizable investment without knowing how much of a stake you will have is all valid and true, but the really important point for me is that an uncapped ICO makes me think the developers dont know how much money they need : they just want "everything they can get" and figure it out later. I would much rather invest in a project with a determined budget, where they have a good idea what they can do with X amount of money, rather than raise it all and figure it out later.
It betrays a lack of business acumen and savvy and makes you look a bit more like you jus want to raise as much as you can get, rather than what you NEED.
The stuff about wanting as many people to take part has some validity, but its equally open to everybody even with a cap, and the token swill be trad-able immediately so people can get involved whenever they want, so I dont think thats a good argument
The arguments of
a) it does not look good to potential investors : makes you look simply like money grabbers without a specific plan for doing X with Y raised, and doing Z if W is raised, etc
b) It makes it much more difficult to make a large investment in the early rounds because you dont know how much is going to be raised so therefore cant evaluate it properly (as an investor)
Hey, I'm not sure what you are talking about. The Populous ICO was capped, and it sold out in the pre-sale so no public ICO took place. This happened like halfway through last year. Anyone that participated in the pre-ico knew the percentage of the total holdings they would have. Anyone that purchases now will be able to see the percentage of total holdings they would have, just by checking etherscan or other blockchain explorer and doing simple math.
Your arguments may be valid but they do not apply to Populous, I even went through a few of the last pages trying to find the poster you referred to but couldnt (tbh i didnt try super hard because of how little i think you know about Populous).
I would highly recommend reading previous posts about populous (ignoring the battle that has raged on involving the shitposters who have only posted on this thread and are spreading incorrect information).