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.
RE: Beta-ing the Tezos Experience: Red Flags for the ICO and Open Questions
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Beta-ing the Tezos Experience: Red Flags for the ICO and Open Questions
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.
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I agree with you 200%
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