http://invest2oiepbundjvgm2xwdjumfjfbiha2buvwo7didwvgnri667wkad.onion/monero-news/index7.html
Hence, in the equilibrium 19.8% more ether would be purchased in the sale, so each unit would once again be exactly as valuable as before. The organization would also then have 1.198x as much BTC, which can be considered to be split into two slices: the original BTC, and the additional 0.198x. Hence, this situation is exactly equivalent to the endowment, but with one important difference: the organization holds purely BTC, and so is not incentivized to...