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July 22, 2014, 02:03:30 AM |
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So the Syscoin ANN is pretty heavily moderated and I think it's important that there's a free dialog among people with legitimate concerns. Or, for that matter, people that are excited about the IPO. All views are welcome here.
I think one of the aspects of the IPO that people have been objecting to is that, unlike other recent IPOs, Syscoin devs are actually choosing THEIR OWN MARKET CAP by setting the coin price prior to the sale.
In contrast, with the recent VIA IPO (just as one example - im sure there are others) there was an open period where BTC was raised, and the price of the coin was then dynamically determined by the community. In other words, market forces. As more people bought into the IPO, the value of coin (and the investors cost per coin) went up.
Syscoin has set a high bar. Has Syscoin created a watershed moment here by turning the idea of an IPO on its head a bit?
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