Desaster in the making. 5000 BTC investing in under 24hours and 43 days to go. The 50000 BTC are likely to be broken in the timeframe and even 75k-100k seems possible. You guys know that devs then get 7500-15000 BTC in ethereum + the BTC itself. Also a yearly inflation that is enourmous at 50000 BTC raised....
So many people will get burned, it is really sad
So many people will get burned, it is really sad
Well your math is off, but your point is still valid.
First of all, anyone who knows anything about fundraising knows that you can have well over 50% come in the first wave of fundraising. I'd say this IPO might get to 10k-12k BTC, but no way it is going to 50k or 100k.
However, there is going to be a glut of Ethereum on the market. It has the potential to be coin with a $10 million dollar cap day one with a 26% inflation. Wow. Then you have a community that has already all invested. Who are the buyers at launch? This will set a precedent for IPOs in the future. It does have the potential of being an investment bloodbath.
It's no math but my own assumptions and my expectations. I am pretty sure we will pass 25-30k BTC mark and am even willing to bet on it for a smallish sum.