Why are you obsessed with this point ? A month earlier than what ?

I can understand people being disappointed not getting in at the time (I didn't get in). I can even understand them getting angry. But what's it got to do with its market valuation or potential today ? Absolutely nothing as far as I can see.

Are you saying the market is overvaluing the currency or what ? This is not clear from your commentary when in fact it's the presumably the one thing that your readers would want to know. Nobody buying today gives 2 sods about how it was launched. They want to know if they have an investment that's going to give returns or not.

Are you saying there's an ethical problem with it ? I asked you this earlier but the most articulate response you're capable of amounts to nothing more than a load of toys being thrown of the pram.


Why is it "insanity" ?

Is this the whole basis for your appraisal ? That you feel the initial stakeholders made too much money ?

It looks like it to me. Even so, you don't take into account that 'market cap' is a theoretical number. None of the stakeholders can actually realise their holdings. They can only realise a tiny portion of it and by the time their full remaining holdings are realisable, the currency will be substantially distributed anyway.

So your whole line of reasoning looks like a mish mash of straw man arguments and making mountains out of molehills mixed in with a bit of jealousy. I don't think you're even clear yourself why you hold these views.