Quote from: Rw13enlib88 on July 02, 2017, 01:39:57 PM

Quote from: martellalex on July 02, 2017, 01:30:02 PM

The more I think about it the more I think there is a need to honour the June spreadsheet prices AND have a lock up, especially for the "tentative" sale. Disclaimer, I contributed to the "tentative" sale and bought some on market, at a loss currently.

The reason is that any price that Ohad mentions here will risk dropping the price on Bittrex. I wouldn't have a problem with that per se, I'm in for the long haul, except that buying on market (which is rational if the price is at or below the direct price) delivers cash to a trader, not to Ohad or the Tau project. Very bad for everyone, except perhaps short term traders!

If you lock up the coins though, there will hopefully (although not guaranteed) be a period where the Bittrex price should trade above the direct sale price, because the Bittrex AGRS are unncumbered, thus making it easy and rational for those of us who are fine to forego near term liquidity on Bittrex and buy at a cheaper (though less liquid) price directly.

So - I propose a one month lock up with June prices and suggest Ohad set a date in clear UTC time by which we give him a YES / NO decision on clear price, lock up time, and supply available terms after which the decision is irreversible and if he doesn't hear back he refunds the contribution.

Allocation % of supply can fluctuate (not price per AGRS tho) depending on final decisions received by the cut off date. But to do this we need clarity as to what total supply is available for the tentative sale.

Thoughts?

dont give a fuck about your loss

Thoughts? you're crying to get some cheap coins.
Just buy in bittrex

Trust me I'm tempted, Bittrex price is looking really attractive. But then neither Ohad nor Tau get that cash, some random trader does. Like maybe you? No gracias

. I'd rather fund the project!

P.S. the disclaimer was meant for transparency, it's not a complaint in any way