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Disagreeing with implied point of RLavieri, I am glad I decided at last minute not to participate in first tournament because of ridiculous way time controls worked out. I think a game should somehow be completed in couple weeks or month at most. Relatedly some non-tournament recreational GC games become unpleasant when an opponent makes several moves a day, then disappears for weeks. In other venues for Chess, games finish the same day. I have no idea who is 1st/2nd in your Tourn.#1, but not to be impressive when pace is slower than slow Correspondence Chess. No doubt there are other rewards for having participated, but such is perspective on Time Controls.