Prepare yourselves for the future

prepare yourselves for the future.

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Isn't the ICO uncapped though?

wasn't ethereums?

Uncapped, hyped ICOs can raise hundreds of millions these days and I wouldn't be surprised if Tezos pulled it off. It's going to be overvalued as fuck probably

Ethereum ICO was another age, when the market wasn't as inflated

people thought that the market was inflated back then and ethereum was waaay overpriced.

it's no different now.

I believe that this project is offering a real chance for the people to govern their own currency.

No leader(vitalik), no central powers(btc miners).

ps: these are still the early days of crypto. There's a lot of dumb money in play, but there's a fuck ton of smart money coming in.

If their uncapped ICO raises $100mm+, it will be 4x larger than any ICO to date. It says a lot about the Breitman's character that they are ignoring cryptocurrency self-policing and standards and not capping it below $30mm like every other project, many of which could have broke away from community standards and raised much more than they did. It's frankly reckless. It's their project, it's their choice, but nothing happens in a vacuum. (They also get cash directly from this ICO, 8.5% of the fiat proceeds, that doesn't go to the Tezos Foundation but to their own entity, which is a first I think).

This is the first ICO to my knowledge in which the founders get 8.5% of the fiat proceeds in cash in addition to 10% of the tokens. This means if things go well, they will be extremely wealthy even if their projects fails in 1 year. This 8.5% is through the Breitman controlled US entity, DLS. I wonder how many potential ICO participants do not understand that this ICO is endowing not just the Tezos Foundation (10% of tokens, plus fiat), handpicked by the Breitman's and "philosophically aligned" with them, but also the Breitman's via DLS (8.5% of the cash, 10% of the tokens). The conflicts of interest are many and the structure is murky. This also will put heightened regulatory scrutiny on the Breitmans personally and Tezos in general. If we can't self-police, the SEC may do it for us. And the largest ICO ever, one that solicited US investors and funneled cash to a US entity, seems like the most obvious target to date. Unlike TheDAO, which was a disembodied pooling of capital and in which no one gained any money whatsoever, Tezos has actual targets who are actually raising money. Slock.it was considered greedy but never saw a dime from their ICO the way it was designed. The Breitman's will walk away from their ICO as ultra high net worth individuals (UHNWIs for people who love lingo). If Tezos ever becomes as successful as Ethereum is today in terms of market cap, the Breitman's will be billionaires. That doesn't seem like the appropriate out-of-the-box incentive structure for a decentralized technology platform

Why though? It gives them good motivation to succeed. Personally I find it fair.

if your logo cannot be drawn within 5 seconds with hand your logo is shit
-barron trump

>Pajeet here, why though?
If the ICO goes well, they will be extremely wealthy even if their projects fails in 1 year. Explain how that gives them "motivation to succeed".