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RE: First thoughts about the proposed EOS token sale

in #eos7 years ago

There is no proposed cap on the amount of money to be raised - which will be deeply controversial and divisive.

Why controversial and divisive?

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Good question. I say this because of what I've seen in other token sales; I think limiting the take is seen as sort of "good sport" on the part of the dev team.

The recent incident with BAT (Basic Attention Token) suggests the opposite might be true. I guess a lot of people were deeply disappointed.

Disappointed they couldn't get in on it? Makes sense.

Yep, the felt cheated as only rich (and smart) folks could afford paying huge transaction fees to jump the queue.

In this respect EOS distribution seems to be the opposite: everybody has a chance to take part in the process of discovering a fair price.