I actually don't have a problem with them raising the hard cap. In the world of stock market IPOs, it is very common to see adjustments to the exact price/size of the offering right up until immediately before it takes place. 

People had a fit when Enigma did this, simply because most ICOs don't and because of the size of the increase. This is a legitimate concern. While I wouldn't consider it unusual to adjust size/price, the magnitude of the change was concerning.

Even without the increase, I feel that giving a startup $50 million or more so early in development is an absurd amount of money. This is the primary reason why I have elected not to participate and dropped my whitelist position.

<p>This post has been ranked within the top 50 most undervalued posts in the first half of Sep 10. We estimate that this post is undervalued by $17.86 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-sep-10---part-i">The Daily Tribune: Sep 10 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>

I'm really interested about how it goes - if there is another drawback with the site getting hacked or if everything goes right..