Quote from: nanotub3s on October 13, 2017, 04:18:36 PM

Quote from: RestinStJames on October 13, 2017, 03:51:07 PM

What do you mean "your 1 BTC from when it's $2000 is worth the same as the 1 BTC that you buy today (~$5700)" Of course it is, there aren't multiple values of BTC. Are you saying that it isn't fair in some way because some people invested earlier and their investments appreciated in value?

I don't think they are claiming that the value of BTC doesn't fluctuate relative to USD, they are just not taking that into account. You are thinking of it as if BTC to USD has to be done, I actually like the idea of BTC being the standard.

You are exactly that right that it isn't fair, especially when you want to place a "dollar" value on the drgn at the end of ICO. BTC shouldn't be the standard imo because it prevents a standard platform for everyone to invest from. And also it seems like they are calculating how much they have raised by converting the BTC to USD, and then they want to back-assign how much drgn you receive by the BTC value...it just doesn't make much sense to have peg the drgn value to BTC. But this is the only ICO i've looked into, I'm assuming all ICO works this way....not a huge fan, but just my opinion.

Regardless, the previous quote from my post is still incorrect. It is calculated incorrectly.

But BTC is the standard platform for everyone to invest from. In the crypto world most tokens are pegged to BTC, if you want to buy alt coins, 99% of the time you have to first buy BTC. True, you can also buy ETH/LTC from coinbase etc. but if you want to trade that for say BAT or SYS or another alt, you would first have to trade the ETH/LTC for BTC, then use that to purchase your alt coins. Why would USD be any fairer? If it was pegged to USD, wouldn't that in turn be unfair to anyone who's native currency is worth less than USD? BTC is a level playing field.

If I bought 1 BTC at $1000 and you bought 1 BTC at $5000, my BTC is still worth the same as yours. It's like if I bought a '59 Gibson Les Paul in 1959 for $500, it would be worth $50k today. If you wanted to buy that now, $50k is what you would have to pay. Just because I paid less for it doesn't mean it isn't worth that much now.