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RE: The Current Shifting State of the ICO Markets
Personally I liked the reverse dutch auction that gnosis ran. Although they should of started the auction at a near infinite valuation and I think people would of understood it better.
It did lead to the project getting a ridiculous valuation but that is the problem buyers and freedom to make decisions is freedom to make bad decisions.
It's an amateur market, people don't really understand whats going on. Gnosis is in no way shape or form worth what it is now. They don't hold much eth compared to market cap.
I really have no idea what will happen with bancor, I'm hoping markets will be a little rational. Maybe it doesn't matter though? It'll certainly be an interesting twist.
I agree. Reverse Dutch would be great if everyone was informed investors. This is not a market that is ready for that type of scrutiny without succumbing to FOMO.
You know what your talking about, followed.