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RE: Beta-ing the Tezos Experience: Red Flags for the ICO and Open Questions
Thank you for the due diligence - I had a similar conclusion after doing my research and reading the whitepaper. One of my closest friends told me he was going to send 40 ETH to the Tezos Crowd Sale and I just about $h!t myself. I tried my hardest to talk him out of it, but I was only able to talk him out of 1/2 of it. He still sent them 20 ETH.
One concern is that it's denominated in BTC and they have said that they don't guarantee any kind of good price in ETH -- it will be a best efforts basis. So it's inadvisable to send them ETH, if you plan in investing their ICO.
I agree with you 200%