20% being the bonus received by day 1 investors.
Why? The devs don't owe you anything, imo there shouldn't be a buy wall at all.
I don't like using the word 'owe' as it's quite harsh and technical. Whilst they don't 'owe' us anything technically (as the crowdfunding is pegged as a donation for legal reasons), it's quite clear that the devs are acting in good faith to create a positive return on investment. Any normal investment would consider the consensus of it's investors in making key decisions so yes they do informally 'owe' us something.
They should instead use the funds to bring in some good news affecting the price positively.
What economic theory is that based off? Seems like wild speculation to me.
I'm not saying they shouldn't use the majority of the funds for development, just set aside say 10-20% for a buy wall under ICO price. Not only will this help bolster the price but also add stability, liquidity and credibility. It also means short sellers will be selling their WAVES back to the organisation for much less and we (the WAVES project) gain more.
Unrelated note: this post is #6666