Yes agree, many ICO's have sold out in minutes with just whales taking control and dumping onto the public demand afterwards. I think Power Ledger wants a wide token distribution. no caps are probably the best method of achieving this. depends on the community you are chasing. lots of crypto traders here just wanting to profit as soon as it hits the exchangers, so will critisize any ICO structure that doesnt fit their agenda.  I'm a project supporter and the long term holder of the token, so if it ends up good value I will buy more, happy days if it goes on sale I will back up the truck!. All tokens are being slaughtered right now on the market creating lots of oppportunities particularly in the ICO space.