Quote from: nanotub3s on October 14, 2017, 06:17:39 AM

Quote from: RestinStJames on October 13, 2017, 04:58:18 PM

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.

None of the coins you see on coinmarketcap is pegged to BTC, they all have its own free market. Yes, most of them only have XXX/BTC trading pairs, but that doesn't mean it's pegged to BTC at a certain ratio. For example, LTC isn't always 1/10 of BTC's price, it changes with supply/demand on the exchanges -- but this is the case of DRGN. BTC is further away from a level playing field USD is - simply because it a greater variation than fiat currency.

Your example is true only for BTC, except you are not buying BTC anymore, you are buying DRGN. Why is DRGN pegged to BTC when it shouldn't be? It should be a free market by itself. Putting in 1BTC at $1000 and 1 BTC at $5000 get your the same amount of DRGN, that's absurd. Why is DRGN more expensive today than yesterday just because BTC price changed? Person A buys 1 BTC to invest in DRGN today, and BTC crashes 50% next day, and Person B buys 1 BTC to invest in DRGN tomorrow, why should Person A get the same amount of DRGN as Person B when Person B only spend 50% of the money as Person A? They are not investing in BTC, they are investing in DRGN, it should not be affected by the price of BTC, but it is. Basically, what I am saying they should be using a system of tracking the fiat equivalent of the BTC that is donated such that people receive the equivalent amount of DRGN back -- but they've said it's a bad idea.... Huh

I get what you are saying, but you are arguing how you think it should be (pegging dragns to USD) and that is not what is happening, whether or not you think it's fair is irrelevant. If you don't like the way they are doing it, don't buy in, I haven't seen one person on here or on their telegram pressuring anyone to actually contribute. In fact, this is probably the least intrusive ICO I have ever seen.

I personally like the way they are doing it. I invest in dragons with BTC, if BTC goes up before they hit the exchanges the value of my dragons also goes up. If BTC goes down before it hits exchanges, I'm in the same position I would have been if I had just bought BTC and can trade it no problem.

RestinStJames

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