Post
Topic
Board Speculation (Altcoins)
Re: [SNT] Thoughts on the Status ICO?
by
markuson
on 20/06/2017, 17:07:03 UTC
About the transactions that went through with more than 50 Gwei gas price, I asked Sebastian (dev team) and he answered:

Quote
[1:20 PM]
They are not being thrown: https://etherscan.io/tx/0x80820c9ec833791d777229f5185e92e9683e7d2684a522c79ad00e23f33e3d0a
101 Gwei gas price, 500 ether sent, 5,000,000 tokens received
Not mine, by the way. My transaction is still pending.
etherscan.io
Ethereum Transaction 0x80820c9ec833791d777229f5185e92e9683e7d2684a522c79ad00e23f33e3d0a
The Ethereum BlockChain Explorer, API and Analytics Platform

new messages
sebastian
[1:24 PM]
most likely whitelisted address. bitcoin sussie icoage ect


So they said they wanted the series of ceilings and the max gas limit to ensure that the supply didn't end up in the hands of a few large investors, they wanted it to be widely distributed instead.
Naive of me to assume the 50 gwei applied to everybody... when it turns out that the people going through bitcoinsuisse (that is, the whales, as that's an expensive route to take) are automatically at the front of the queue.

Giving priority to whales seems a pretty weird way to ensure widespread distribution.


honestly, biggest ICO joke. Should have said then, wasted my time lol