Topic: Tau-Chain and Agoras Official Thread: Generalized P2P Network - page 48. (Read 309768 times)

Ohad, I honestly think you are mistaken about the consequences of releasing tokens below market price.

Suppose I purchased an option to buy 100 bitcoin at $1 years ago. If I exercise that option now, will it affect the price of bitcoin? Not at all. It will make me a lot of money (at the cost of the seller), but it will not increase the supply of bitcoin and therefore not affect the market.

You are correct however that locking these additional 4.2m tokens, will reduce short-term supply and push the price upwards. But, this all evens out. Since these tokens are only locked temporarily, they will push the price down when they are unlocked in the future.

It's a question of affecting the market now or later. But do you really want to be manipulating the market at all?

In the future, when Tauchain and then Agoras are released, prices will go way way up. We'll all forget the temporary dips in market price.

But what some of us won't forget is that we almost got into Agoras early, but we didn't. We could have bought at $.376, and we were so close, but the terms changed at the last minute, or we chickened out and asked for a refund, and we'll never forgive ourselves.

The generous thing to do here would be liberal in your interpretation of the offer, and let everybody who beat the July 1 in on the June terms, period. Be a little more inclusive, make the club of lucky early-Agoras buyers a little bigger. I think it will help a lot more people than it hurts.

So who sold there coins at a silly low price and is currently smacking there head against the wall? early days friends.

Great thanks for clarifying, I'll email as soon as I'm back at my desk in a few hours.

yes

Ohad - is this the final deal? Can I email you my decision knowing this won't move?

a shorter way to get the same result is for people to get refund and buy on market, no?

this is not a moderated thread, i cannot delete. but you can

thanks, sorry, as i published yesterday or so, we cannot offer anymore locking existing tokens (due to limited locking bonus supply). but simply don't move them and you'll get partial bonus when time comes

on the other hand, releasing unlocked tokens below market price (which is not a known number) will cause losses to everyone whatsoever.
since i cannot actively cause a loss to anyone, i chose to refund.

It was clear to me the deadline for June pricing was end of the day on 30 June.  Anyone that came afterwards it's always been clear to me missed the deadline.

I just want Ohad to say, look, these are the deal terms.  Are you in, or are you out?

It is impossible to make everyone happy.  Keeping to june pricing, for those who made the deadline, and locking the AGRS distributed at June pricing makes sense to me, but what I want more than anything is just clarity as to what the deal is, so I can decide if I'm in, or if I'm out.

It's time to deal.

if so then people who came in june need to get june price, no?
(the tentative buyers all came in june)

I don't get it. I am a tentative buyer with btc committed.  Ohad's terms made sense to me, very much in line with the way public co oversubscribed bookbuilds work.

Ohad - are the deal terms set or not?  I am now unclear.  I need to decide but I don't want to decide on a moving target.

ok im listening

thanks, email with clear title

That's clear and fair thanks tons.  I'll reply before the end of my day here in Sydney.  What is best way to contact you re decision, PM here? Or email?

Thanks again Ohad for facilitating all this.

june's price is one price, not several groups.
the lock is until the final agoras coins will be ready. the current tokens are just to mark holding on the final ones. this is after tau is ready, then the dev of agoras begins. can take +1y

Great solution, I fully support it.

2 questions
1) the 4.2 million, is that spread across all June pre sale pools? I.e tentative and all others?  I'm in the tentative pool so wondering how much allocated to that pool
2) how long is lock up for?

Thanks!

i think that the tentative buyers dilemma is unsolvable without causing damage to any group.
therefore i'll refund anyone who is not interested in locking.
lockers will get june's price, up to a total limit of 4.2m tokens. the rest will be refunded.
this can mean that each tentative buyer will get a refund of more than half the btc amount deposited. we'll know better once we finish refunding all nonlockers (or refund askers, though they all got refund promptly already). please let me know asap.

U just never run out of bs . and to the guy who thinks he getting some kind of refund lol good luck.

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Translation . there is no white paper or plan. Nothing have been done for years other then him pump and dumping saying coin will go up 10x.. He doesn't want your help cause he got nothing and doesn't wanna get exposed. This guy raised millions through lie and false promises and he has nothing to show other then a pathetic looking website.   He doesn't want outsiders coming in to expose him. He just want to keep pocketing the money and then take off. We know nothing about this guy or any kind of concrete info.

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First this guy claims the price increase 10x then he tip toes around answering refund questions now he is saying he believes this project will be bigger then any other potential crypto project out there . he just said same thing with x10 price increase. Can any serous self respecting person be this delusional about how grand this project will be when he has nothing to show for and everything is a lie or an excuse. No reputable self respecting person would make such claims. And what u talking about mass adoption . u just  pumped up the projects and a bunch of people jumped on the hype which is what he wanted. There is no mass adoption. This reminds me of Archcoin scam where the Dev also had these grand lies of creating floating  homes. This is a scam everything this guy says is a lie or manipulation and he got nothing to show for.

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What has this guy made for 2+ years? He got nothing but an old website that looks like its from 1998 and hasn't been updated and this is the face of the next huge thing? How can he be taken seriously. Millions in investments and he got nothing to show  but a horrible generic site with very broad info. This dude made millions and this is the face of your brand you are going to put out? Wake up

it will take weeks to get into initial picture. besides i'm not releasing all information just like that to anyone. and honestly i doubt how long it'll take you to reach a stage where you can write the whitepaper faster than me. let me just write the ideas in a paper, then i'll be more than extremely glad for your thoughts