EOS ICO: Update to add buyer protections
@dan just committed an update to the draft ICO contract on Github.
Here are the described changes:
1. Buyer can require that the payment apply to the intended day or
transaction will fail returning funds.
2. Buyer can require that after adding his funds the total funds sent in
for the day is below a particular threshold.
With these two changes a buyer submitting at the last second has
assurance that miners will not move his order to the next day and he has
assurance that if the effective price goes above his target price
*before* his funds are applied then it will not apply.
This does not protect a buyer from having the price go above his target
price after his funds are applied.
Unfortunately, buyer pays gas prices even if the transaction fails.What are everyone's thoughts?
First of all if this adjustment is a consequence of your concerns at https://steemit.com/beyondbitcoin/@deanpress/the-eos-ico-one-major-concern than it speaks for Ahab's visionary approach - which is to be as inclusive as possible while still being as fundamentally game-changing as possible as well - especially towards securing life, liberty, and property for ALL (including whales and other creatures in the vast ocean ;-)
Great insight. I'm very content & satisfied with where EOS is headed.
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