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RE: Breaking Beyond Bitoin: EOSIO/EOS Token Sale Github Repo is Available!
"If too many people invest into the 200 million eos sell then what if the token becomes worth too much, like 30 cent a pop… that would discourage the rest of the investors for the rest of the 360 day ico sale. And at 30 cent a token he may not be able to sell that many a day, so what happens to the people who paid 30 cent a token, does it depreciate rapidly?..."
isn't this backwards?
I mean - essential price established in first 5 days is (USD value of contributions)/(200,000,000)
so the MORE invested, the CHEAPER the price...
yes and no...damn. it is true if the amount of money going in on first day reaches a kind of network effect
But there is the opposing force of fewer tokens per $1.
Dan however is likely just saying free market will establish the price and he expects this day to have the most volume and therefore made it so a large amount could be purchased to establish that price on the first day. And sadly there is very little historical data on this one because ags was only tried once...though it is a very fair distribution scheme imo.