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. You promote 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.
I stated earlier that this elitist attitude is the core of the problem but you seem to avoid that point entirely. Let's say everyone was living in your "want it enough" world and raised the GWEI and gas limit. We would face the exact same problem but worse because then there would be an exponential inflation of the transaction fees. And yet, most people wouldn't even get the chance to even try to participate. Again, you are missing the whole problematic.
You promote 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.