Quote from: Revelations86 on June 25, 2017, 12:52:16 AM

Quote from: cchub on June 25, 2017, 12:45:52 AM

Quote from: franc0 on June 24, 2017, 11:26:59 PM

Quote from: franc0 on June 24, 2017, 10:58:57 PM

Quote from: CyborgCayouche on June 24, 2017, 10:51:06 PM

Quote from: franc0 on June 24, 2017, 09:52:42 PM

Quote from: CyborgCayouche on June 24, 2017, 09:42:59 PM

Quote from: franc0 on June 24, 2017, 09:34:32 PM

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Not only do I understand how transactions work on the Ethereum blockchain, I even understand complete sentences.
Is not about how free information is. Is falacious argument right there. Is about fairness in crowdsourcing systems. Understand that?

Is how Ethereum works, seems pretty fair to me, anyone had their chance to jump in by just adjusting the GWEI. The ones that use average gwei simple didn't understand how ethereum works or they didn't care to be prioritized by the network. Is all the investor fault, not the TenX team. You decided to invest in TenX in a blockchain that you don't agree on how is suppose to work. Also they had other deposits methods not only ETH.

People who used more than the average GWEI got rejected as well. I don't disagree on the Blockchain, I disagree on the way the ICO was handled. The system is not dependent on the blokchain. It would have been preferable to set up a queue and cap the maximum investment to mitigate the influx and give more people a chance. You are focusing on a very specific portion of a broader picture.

They had other deposits not only ETH, their funding method is called "limited cap", this wasn't an "unlimited CAP funding" method.

How does that solve any of the fundamental problems with this sort of ICO? Civic was "Limited cap" on Ethereum, it had a queue line and an investment limit. Your promotion of the elitist and dishonest conviction that others were simply not tech savvy enough to earn their shares, yet you invest in a platform that aims at establishing a paradigm that is fundamentally incompatible with that belief.

There is a problem and we look for solutions. You bring the unfounded argument that people who didn't get their chance were the problem, and that there is no need for a solution.

It was investor problem, they knew they were investing in a "limited cap ICO" and that there was a big chance of not getting in. Curiously, nobody was complaining about the limited cap ICO funding method until the ICO finished. Luckily investors had the option of adjusting GAS price, if they really wanted to get in, they would have adjusted gas price above average.

In any case, the worst ico was Status because they chose 50 gwei max limit, the only thing that did is clogging all the ethereum blockchain. That was a poor decision from the Status team and a lot of people couldn't get in because the long queue list. At least with Tenx investors could choose to pay more fee for prioritizing their transaction.

I agree with you. Limiting gas limit is absurd and may compromise the whole ICO and even the blockchain transactions for some hours. They should just keep a higher percentage of the project to themselves instead. It would diminish whale's incentives.

I got fucked on the Status ICO. I litterlily paid $100 in transaction fees just continuously trying to send my ether using different costs. Only after sending hundreds of times, I managed to get 1 in. With SONM, I had the opposite problem and transaction duplicated. The ETH network is beginning to show more vulnerability.

this is what happens to the ETH blockchain if the limited gas price is at 50 Gwei.

The blockchain is fine as long as ICO owners don't be that irresponsible and put a max gas limit like with Status. Tenx didn't have any gas price limit so everyone had their chances to get in or pay for a higher fee to prioritize their transactions, no gas price limit helps the network to process first the prioritized transactions then the others. Also people was sending and resending multiple times the same transaction in status ICO because FOMO, that also cause the clogging in eth network. So it was a combination of irresponsible Status devs and people FOMO that cause that clogging.