Quote from: hdclover on June 12, 2017, 10:27:52 AM

Quote from: duke944 on June 12, 2017, 10:21:09 AM

Quote from: john312 on June 12, 2017, 10:19:03 AM

Quote from: duke944 on June 12, 2017, 10:17:31 AM

How much of this move to $400 do you guys think is people buying eth to buy bnc? I doubt this is coincidence.

This is probably because of China conference this week. People want to buy more ETH to be prepared for the Chinese ETH rally.

I bought 35 eth not even a week ago and it's almost doubled in price, I'm really stunned because I thought $245 was high.

it's not doubled, unless you sold it.

I bought it to play with some icos and as of right now the value of them has almost doubled. Not sure what you are talking about.

Just so I understand this:
However many bnc get sold, will be the baseline price for .01 eth = 1 bnc is that correct? so for example if 1 million eth are spent on this ico there will be 100 million bnc tokens, at .01 eth price. If people sell to bring the bnc number down the price will go down, and if people buy to bring the amount of bnc up the price will go above .01 eth. There is no limit on how many bnc tokens will exist.
Is this all correct?

It's too bad they didn't just launch the network and let the number of bnc start at zero, now that would have been exciting.