Quote from: synechist on October 29, 2014, 05:17:23 PM

Quote from: crackfoo on October 29, 2014, 05:15:22 PM

Quote from: synechist on October 29, 2014, 05:14:11 PM

Quote from: tx42 on October 29, 2014, 05:11:14 PM

Quote from: synechist on October 29, 2014, 05:07:58 PM

The term "you" here refers to a third party (CoinGateway) with no vested interest in shafting anyone.

In fact, their prime interest is to attract customers, so I very much doubt there'd be any "shafting" going on.

Their algorithm was not disclosed to prevent gaming coins' prices prior to the ITO.

If you're unhappy with the price of SWIFT, please take it up with them. I'm interested to hear their response actually, so by all means post it here.

Are you saying that you let CoinGateway come up with the averaging function for your ITO?

That makes very little sense.

It would be impossible to game an averaging function significantly if it weighted historical prices more than recent prices. That's not a new concept.

I thought you guys were computer scientists and knew about mathy things like that.

Yes, it is their responsibility for the pricing of coins, in the same way that it could not be our responsibility to price coins on an exchange where one is listed.

that's just wrong.

Umm, any reason for that opinion?

Yes. It means that blocknet is not taking blocknet coins for the ITO.