Post
Topic
Board Announcements (Altcoins)
Re: Tau-Chain and Agoras Official Thread: Generalized P2P Network
by
ohad
on 03/07/2017, 02:10:24 UTC

on the other hand, releasing unlocked tokens below market price (which is not a known number) will cause losses to everyone whatsoever.
since i cannot actively cause a loss to anyone, i chose to refund.
Suppose I purchased an option to buy 100 bitcoin at $1 years ago. If I exercise that option now, will it affect the price of bitcoin? Not at all. It will make me a lot of money (at the cost of the seller), but it will not increase the supply of bitcoin and therefore not affect the market.

there's a big difference. locked tokens are released to an economy which is based on real intrinsic value (like knowledge or computational resources). the price of renting computers is known. on the actual agoras market (when the full product is ready), the value cannot depend too much on merely expectations. besides, when the final coins are ready, the sale will no longer continue