> showing how much they raised publicly was their 'mistake' then.
I’ve seen countless people mention this as an issue, but the only time this would really matter is if you win, but the other bidders used the information to bid up the sale price. The fact is the other bidder had unlimited resources and desire to win the auction and so would have outbid the ConsitutionDAO even if they didn’t have knowledge of their budget, it’s not as though Ken Griffin would have given up before his maximum budget because he didn’t know ConstitutionDAO’s total funding.
I’ve seen countless people mention this as an issue, but the only time this would really matter is if you win, but the other bidders used the information to bid up the sale price. The fact is the other bidder had unlimited resources and desire to win the auction and so would have outbid the ConsitutionDAO even if they didn’t have knowledge of their budget, it’s not as though Ken Griffin would have given up before his maximum budget because he didn’t know ConstitutionDAO’s total funding.