Topic: Tau-Chain and Agoras Official Thread: Generalized P2P Network - page 50. (Read 309768 times)

there's a huge rationale in going back to june prices for the tentative buyers. but there are also completely uninformed people like the guy above, who innocently bought on bittrex during the hype done by who knows who, even though it was a "fast money" kind of act, still going back to june prices may make them lose even more, at least in the short term. intentional loss, even if made against gamblers, is something to be very well considered. again i'm open for suggestions.

Ohad, you are not responsible for market price fluctuations, or the decisions investors make.  You ARE responsible for upholding prices that you put out in writing, especially after collecting the money for the sale.  

Anyway, any losses due to selling at June prices won't last, assuming the project moves along.

there's a huge rationale in going back to june prices for the tentative buyers. but there are also completely uninformed people like the guy above, who innocently bought on bittrex during the hype done by who knows who, even though it was a "fast money" kind of act, still going back to june prices may make them lose even more, at least in the short term. intentional loss, even if made against gamblers, is something to be very well considered. again i'm open for suggestions.

The more I think about it the more I think there is a need to honour the June spreadsheet prices AND have a lock up, especially for the "tentative" sale.  Disclaimer, I contributed to the "tentative" sale and bought some on market, at a loss currently.

The reason is that any price that Ohad mentions here will risk dropping the price on Bittrex.  I wouldn't  have a problem with that per se, I'm in for the long haul, except that buying on market (which is rational if the price is at or below the direct price) delivers cash to a trader, not to Ohad or the Tau project.  Very bad for everyone, except perhaps short term traders!

If you lock up the coins though, there will hopefully (although not guaranteed) be a period where the Bittrex price should trade above the direct sale price, because the Bittrex AGRS are unncumbered, thus making it easy and rational for those of us who are fine to forego near term liquidity on Bittrex and buy at a cheaper (though less liquid) price directly.

So -  I propose a one month lock up with June prices and suggest Ohad set a date in clear UTC time by which we give him a YES / NO decision on clear price, lock up time, and supply available terms  after which the decision is irreversible and if he doesn't hear back he refunds the contribution.

Allocation % of supply can fluctuate (not price per AGRS tho) depending on final decisions received by the cut off date.  But to do this we need clarity as to what total supply is available for the tentative sale.

Thoughts?

If you feel like that take your loss and sell, nobody cares if you worry or not.

read through the thread, the blog, the logs, watch the videos.
design is being finalized and whitepaper is being worked on
we all hope to see an alpha in 2017, but there are no set dates.

since there is no product yet
marketing and things as updating the website  aren't a priority for now.