It gets better; there's something like 130M tokens sold to founders & other insiders that have no transfer or time lock associated with them. Guess which ones will be the first traded at full pop?
Union Square Ventures, myself, and my co-founder are one of the largest holders of such tokens. We have restrictions from the SEC on selling these on the open market (given >5% ownership of Blockstack PBC). Restrictions which are also disclosed in the offering circular. Happens all the time with IPOs.
Your greed is showing, Muneeb.
Plenty of posters in this thread talk about "following you" since the beginning and having lovely things to say about your product. Truth is: There is nothing your product does that other decentralized services didn't already do, for free. Your ID service is a less-secure Sovrin and your storage is a gated IPFS.
You just saw what Ethereum did and wanted a piece of the pie for yourself.
"Happens all the time with IPOs" refers to restrictions on significant holders and company affiliates to sell. Which I believe is a good thing.
Blockstack pre-dates Ethereum and is the exact opposite of Ethereum in terms of tech design. This is a regulated token offering which is very different from what Ethereum did. Doing what Ethereum did i.e., "ICO", in my view, is a much easier but legally risky path.
Love what Sovrin is doing. Blockstack pre-dates Sovrin by a couple of years. We've worked on the Decentralized Identity Foundation (DIF) with them.
I don't understand your IPFS comment, can you please elaborate? Gaia provides blockchain-pointers to private data lockers, IPFS is p2p storage. You can actually plugin IPFS as a storage option with Gaia, driver here: https://github.com/blockstack/gaia/pull/129/files