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Offline Ander

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Imagine you are are new to bitcoin/cryptos, and you have just heard about bitshares for the first time.

You begin investigating it, and you discover the idea of DACs, Distributed Autonomous Corporations.  This is amazing!  You love the idea that a cryptocurrency should be more than just a coin, that it should be a company that makes money, that it should be profitable!

You find that you can buy Bitshares PTS, and in doing so, you will be given shares in all future DACs that are created by the bitshares community.  Forever!  This is amazing, you go buy some.  Its almost like a mutual fund of future DACs!

You investigate the current DACs in existence: BTSX, DNS, etc.  You buy some of the ones that interest you.


This is how we grow our community.  This is how we gain new people who are interested in the bitshares ecosystem.

***********


Now imagine that it is November 6, and you and you have just heard about bitshares for the first time.

You begin investigating it, and you discover the idea of DACs, Distributed Autonomous Corporations.  This is amazing!  You love the idea that a cryptocurrency should be more than just a coin, that it should be a company that makes money, that it should be profitable!

And then you discover that Bitshares PTS closed Nov 5, and now you can NEVER AGAIN buy into the ability to get shares of all future bitshares DACs.   You are shut out forever from this opportunity. 

Disgusted, and upset that there was such a great opportunity open to people in the past, but that they are denying you the opportunity to join them, you do not buy bitshares.  You do not become a member of the bitshares community, helping to spread the word about DACs in development, telling your friends about how they buy into a crypto which actually makes a profit.

Instead, you sit on message boards and whenever the topic of bitshares come up, you complain about how the distribution of their coins is unfair.



I feel it is ESSENTIAL to the health of our community, that there exists SOME token which newcomers can buy, which then gives them a piece of EVERYTHING the community makes.   I plead to you not to deny this opportunity to future newcomers, those who will be part of our lifeblood in the future. 

Crypto is still in its infancy, and new people are coming into the space every day.  We need to capture some of those people and make them believers in Bitshares, we need to grow, we need to gain more people working on more projects.  We will not succeed in that task if we forever divide the community into special old timers who are privileged enough to hold AGS/PTS pre snapshot, and newcomers who are prohibited from ever doing so.

Please do not do this.


Yes, please make PTS DPoS.  Or combine it with AGS into a new, tradable DPoS token.  Or whatever else you want to do to fix it.  Just do not deny newcomers the ability to ever buy it, because if you do, they will walk away from bitshares when they see that, and we will not grow the way we should.


Thanks for reading,

- A newbie Bitshares community member who would have walked away from bitshares instead of buying, if PTS had been closed.
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Offline xeroc

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Offline Ander

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Re: Closing PTS would limit the growth of our community in the future
« Reply #2 on: October 17, 2014, 06:32:57 PM »
why start a new thread?
https://bitsharestalk.org/index.php?topic=10104.0

Because I dont think you guys realize how terrible of a decision this it, and the prevailing sentiment in that thread is to end PTS.
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Offline testz

Re: Closing PTS would limit the growth of our community in the future
« Reply #3 on: October 17, 2014, 06:34:07 PM »
why start a new thread?
https://bitsharestalk.org/index.php?topic=10104.0

Because I dont think you guys realize how terrible of a decision this it, and the prevailing sentiment in that thread is to end PTS.

It's not decision yet, it's discussion.  :)

Offline Pheonike

Re: Closing PTS would limit the growth of our community in the future
« Reply #4 on: October 17, 2014, 06:34:46 PM »
If they want exposure to future DACS then they can buy and hold BTSX.

Offline matt608

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Re: Closing PTS would limit the growth of our community in the future
« Reply #5 on: October 17, 2014, 06:36:00 PM »
If they want exposure to future DACS then they can buy and hold BTSX.

How does holding BTSX expose its holders to future DACs?

Offline xeroc

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Re: Closing PTS would limit the growth of our community in the future
« Reply #6 on: October 17, 2014, 06:36:50 PM »
The subject of the other thread is

"Should we continue to funding mining of PTS?"

not: "hey guys, we are killing PTS .. no matter you like it"

As a long-term member here I can tell you that BM can be convinced and he always asks the community to come to a consensus!!!
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Offline Ander

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Re: Closing PTS would limit the growth of our community in the future
« Reply #7 on: October 17, 2014, 06:37:13 PM »
why start a new thread?
https://bitsharestalk.org/index.php?topic=10104.0

Because I dont think you guys realize how terrible of a decision this it, and the prevailing sentiment in that thread is to end PTS.

Its dangeorusly close to looking like a decision that I feel would kill our future community growth potential.
It's not decision yet, it's discussion.  :)
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Offline xeroc

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Re: Closing PTS would limit the growth of our community in the future
« Reply #8 on: October 17, 2014, 06:37:22 PM »
If they want exposure to future DACS then they can buy and hold BTSX.

How does holding BTSX expose its holders to future DACs?
It does not!!
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Offline Pheonike

Re: Closing PTS would limit the growth of our community in the future
« Reply #9 on: October 17, 2014, 06:40:23 PM »

If that new dacs uses bitusd and cross chain trading happens then an increase in bitusd will increase btsx. It's not a direct relationship yet.

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Re: Closing PTS would limit the growth of our community in the future
« Reply #10 on: October 17, 2014, 06:41:14 PM »
There is absolutely no need for the new thread

Offline nomoreheroes7

Re: Closing PTS would limit the growth of our community in the future
« Reply #11 on: October 17, 2014, 07:01:48 PM »
I agree with this thread, and the idea that it warrants its own thread. While I think getting rid of PTS will held tremendously with branding and will alleviate confusion, the idea of forever closing off access to future potential BitShares converts with a VIP seniority program just sounds terrible...

Offline bytemaster

Re: Closing PTS would limit the growth of our community in the future
« Reply #12 on: October 17, 2014, 09:30:48 PM »
Migration of PTS to BTSX asset is what I think is called for.
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Offline Ander

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Re: Closing PTS would limit the growth of our community in the future
« Reply #13 on: October 17, 2014, 09:39:12 PM »
Migration of PTS to BTSX asset is what I think is called for.

That would be great. As long as anyone is still able to buy and sell it as desired.


Also, if we make PTS an asset inside BTSX, then instead of just being the #11 or so coin on coinmarketcap currency page, it can be #1-2 on the asset page.  We will have a something Bitshares related near the top of both lists! :)
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Offline Pheonike

Re: Closing PTS would limit the growth of our community in the future
« Reply #14 on: October 17, 2014, 09:41:48 PM »
How about having AGS style drive for the remaining PTS coins. Then switch it over to a bitasset. This everyone a chance to get in on the end of PTS.

 

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