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I've heard some people complain about GNO's dutch auction style offering, but only generically. Dutch auction seems like a good option for highly-anticipated co

• dna_polymerase 9y ago
  Gnosis is now owned to an extend of >90% by the Gnosis team themselves. This is why Dutch Auction is not used more broadly. It doesn't help with any of this.
  • regulation_d 9y ago
    That seems more like a flaw with the individual offering than with the concept of the dutch auction. Did team only release a small percentage of the coins in the auction or did they just bet more than everyone else?
  • regulation_d 9y ago
    when you say "It doesn't help with any of this." I'm not sure what you mean. Theoretically dutch auction is much more democratic than these other twitch based sales. You have a set amount of time to jump on board. You're incentivized to bid as much as you feel the coin might be worth, with the confidence that you won't be paying more than anybody else. There might be more complications with dutch auction ICOs than dutch auction IPOs, but it's still seems better than feeling like I do when I'm trying to buy Adele tickets on Ticketmaster. EDIT: typos