Quote from: gigq on March 26, 2017, 06:55:41 PM

Quote from: vdramaliev on March 26, 2017, 11:30:05 AM

Hello everyone!

Such a long discussion here and I was only gone a few hours!

Ignore the trolls, the spreadsheet has nothing to do with us. But I have something that does.

We now have æternity's contribution campaign details!

I am looking forward to the avalanche of questions

Regards,
Vlad

My only concern with the amounts in the contribution campaign details is the current high value of ETH.

The first round of contributors gets 1000 AE tokens for 1 ETH which seems fine given the total amount of AE is based on the number of contributions so the ratio here doesn't really matter. But since the second round gets a similar amount (800 AE tokens for 1 ETH) it is going to be kinda crappy if the value of ETH plummets in that span of time.

The first phase (round) starts with 1000 AE + 100 AE launchbonus (first 24h). If the award for early birds is too high, then less people will like to have tokens in phase 2. Hard to make it perfect for everybody. We want to make it simple and transparent though and this is why we chose this model.

Quote from: gigq on March 26, 2017, 06:55:41 PM

I actually wish you had just set the value of each AE token on USD given the current bubble we are in with alts and potentially even bitcoin over the next 60 to 120 days.

We are not dealing with USD at all. In crypto we have quite often bubbles, too. But is it a bubble, or is it not? The time will never be perfect. People are excited about crypto, thats important!

Quote from: gigq on March 26, 2017, 06:55:41 PM

Another concern is that the campaign is a long one with no cap, if I contribute a significant amount in the first 24 hours I could be screwed over by the campaign becoming very successful in round 2 and the total % of AE I get could be much smaller than I originally thought it would be.

I don't believe this is an issue, but instead exactly what everybody should want. To grow the size of the network (people with AE) to as high as possible. With capped tokensales only a few whales profit and the public pays. Somewhere I read today that Melonport had only 150 contributors. This is not good. Let's keep it transparent and simple, with a fair chance for everybody to participate in the construction of the new æternity blockchain.

Quote from: gigq on March 26, 2017, 06:55:41 PM

You mentioned the 800 AE per 1 ETH could be less in this post, can you describe what would cause a lesser evaluation in round 2? Would a drop in ETH's price compared to USD do it or maybe a significantly more popular campaign in the first day than expected (so more funds raised than anticipated in round 1)?

Thanks and keep up the good work, really looking forward to this project.

Thanks, too! And yes, this was one consideration of us.

Please ask Zack about the oracle, ideally in gitter. He knows it best.