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Offline Anytime

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Dan's new plan is unfair to the long-time PTS holders.
« on: October 20, 2014, 01:17:29 AM »

i don't quite understand Dan's new plan, but i feel that it is a nice idea. and i appreciate your hard work!

does the new idea mean that in the future, BTS holders could get the new DACs just like today's PTS? and AGS can be tradable just like PTS?

i feel that the new plan is too good for BTS holders and AGS holders, especially for those donated AGS before Feb.28th, because they have AGS and a lot of BTS.    however, people who hold PTS for a long time since the beginning feel it is unfair. they did not get a lot of benefits from BTS snapshot, at least much less than AGS holders. and now, again, they are a worse investment.  what do you think,3I?  or is there sth i couldn't understand it very well?

Thank you for your hard work for always~ but the market seems not very satisfying. the dream of BTS 500 dollars 妥妥的,10x, never buy in such a price, etc seem not be ture in a near future.  :)

Offline Rune

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Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #1 on: October 20, 2014, 01:25:08 AM »
PTS will be rewarded with more BTS. I'm sure dan will come up with a fair solution, that people will accept. Overall this plan is absolutely great for anyone with a stake in anything. Even if your allocation isn't totally fair, it will be such a massive boost in the long run. Seriously, the BTS superDAC is going to be so absurdly powerful, it will blow everything else we've seen out of the water.

Offline Stan

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Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #2 on: October 20, 2014, 01:37:20 AM »
We are long-time PTS holders ourselves.  Check out our public PTS donation holdings from AGS - Still held there to lay golden eggs for the future.

But consider this:  If BTS were to inherit that egg-laying capability from its AGS/PTS parents, then the ability to lay golden eggs would be yet ANOTHER contribution to the BTS value proposition.  All DACs that want to join the ecosystem but not the blockchain can still honor BTS and get the increasingly powerful community's enthusiastic support.

Just like bringing in any other merger to grow the value of all shares, adding AGS and PTS adds their value to BTS directly. 

Now you can own a profitable killer DAC AND have a position on the mailing list for targeting by third party DACs as well.

Why, this is a proverbial self-licking ice cream cone!

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline justin

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Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #3 on: October 20, 2014, 04:29:41 AM »
I had my PTS and AGS after the 2.28 Snap. does that means that I will never have any other DAC in the future? it is the 10% shares for AGS and PTS respectively that make me buy PTS and AGS after 2.28 snap. if the new plan make AGSers not get other DAC shares, it's extreamly unfair for US!

Offline onceuponatime

Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #4 on: October 20, 2014, 04:35:04 AM »
I had my PTS and AGS after the 2.28 Snap. does that means that I will never have any other DAC in the future? it is the 10% shares for AGS and PTS respectively that make me buy PTS and AGS after 2.28 snap. if the new plan make AGSers not get other DAC shares, it's extreamly unfair for US!

You are jumping to conclusions. Nobody has said that you will not get shares in future DACS.

Offline Harvey

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Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #5 on: October 20, 2014, 04:37:36 AM »
Things change very fast in crypto-industy. I am also a holder of PTS, and totally understand your point. But it is too difficult to make everyone happy at each move.
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Offline Harvey

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Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #6 on: October 20, 2014, 04:38:27 AM »
还有 你的马币怎么样了?
BTS       Witness:harvey-xts Seed:128.199.143.47:2015 API:wss://128.199.143.47:2016 
MUSE   Witness:harvey-xts Seed:128.199.143.47:2017 API:ws://128.199.143.47:2018

Offline justin

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Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #7 on: October 20, 2014, 04:39:33 AM »
I had my PTS and AGS after the 2.28 Snap. does that means that I will never have any other DAC in the future? it is the 10% shares for AGS and PTS respectively that make me buy PTS and AGS after 2.28 snap. if the new plan make AGSers not get other DAC shares, it's extreamly unfair for US!
So, I recomended that the extra 2% BTSX should be given to AGSers and PTSers who havn't got 2.28 snapshot! 

Offline tonyk

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Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #8 on: October 20, 2014, 04:40:11 AM »
I had my PTS and AGS after the 2.28 Snap. does that means that I will never have any other DAC in the future? it is the 10% shares for AGS and PTS respectively that make me buy PTS and AGS after 2.28 snap. if the new plan make AGSers not get other DAC shares, it's extreamly unfair for US!

Actually the proposal states that not only you will continue to get shares from future DACs in the future, BUT you will also get shares in BTSX ... shares that you were not supposed / promised to get... up to now.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Gentso1

Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #9 on: October 20, 2014, 04:43:31 AM »
i don't quite understand Dan's new plan, but i feel that it is a nice idea. and i appreciate your hard work!

does the new idea mean that in the future, BTS holders could get the new DACs just like today's PTS? and AGS can be tradable just like PTS?

i feel that the new plan is too good for BTS holders and AGS holders, especially for those donated AGS before Feb.28th, because they have AGS and a lot of BTS.    however, people who hold PTS for a long time since the beginning feel it is unfair. they did not get a lot of benefits from BTS snapshot, at least much less than AGS holders. and now, again, they are a worse investment.  what do you think,3I?  or is there sth i couldn't understand it very well?

Thank you for your hard work for always~ but the market seems not very satisfying. the dream of BTS 500 dollars 妥妥的,10x, never buy in such a price, etc seem not be ture in a near future.  :)
For many of us this is about making profit plan and simple.
Rolling a few DAC's into 1 chain should make for a more profitable DAC because it is more feature rich. Also consider different DAC's wont have to fight for dev's. How fast do you think future dacs will be released and developed if the team is split in many different projects?

Offline justin

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Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #10 on: October 20, 2014, 04:45:25 AM »
还有 你的马币怎么样了?
I still trust my Ma-Coin hoping it will bring me a lot of fortrun

Offline Harvey

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Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #11 on: October 20, 2014, 04:56:11 AM »
马币会使用DPOS的代码吗? 如果使用了 打算给PTS AGS分多少股份呢?
BTS       Witness:harvey-xts Seed:128.199.143.47:2015 API:wss://128.199.143.47:2016 
MUSE   Witness:harvey-xts Seed:128.199.143.47:2017 API:ws://128.199.143.47:2018

Offline pendragon3

Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #12 on: October 20, 2014, 05:34:35 AM »
I had my PTS and AGS after the 2.28 Snap. does that means that I will never have any other DAC in the future? it is the 10% shares for AGS and PTS respectively that make me buy PTS and AGS after 2.28 snap. if the new plan make AGSers not get other DAC shares, it's extreamly unfair for US!

Actually the proposal states that not only you will continue to get shares from future DACs in the future, BUT you will also get shares in BTSX ... shares that you were not supposed / promised to get... up to now.


By the same token, BTSX share holders weren't promised the hugely important network benefits that Vote brings to the table, while PTS/AGS were. Nor were BTSX supposed to get a cut of future non-BTSX child DACs, but now they will as a result of the merger with PTS/AGS. So, the various groups all bring a lot of value to the merger and should all be honored and recognized fairly.

BTS will be a new entity that is hopefully greater than the sum of the parts. IMO, the fair way to do the allocation would be to give a fraction of BTS, say 25%, to BTSX holders (to compensate them for the dilution that will occur from the merger) and then allocate the rest, say 75%, via a new snapshot to all PTS/AGS holders.

Offline emski

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Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #13 on: October 20, 2014, 06:37:50 AM »
Post 28 feb snapshot PTS miners might be disappointed by this resolution.

I still think that original promise differs than current proposal:
In original promise there were 20% allocated to PTS/AGS and 80% development. There were no mentioning of dilution.
In current situation PTS/AGS will still get 20%, but the rest will be allocated to BTSX holders and there must be dilution in order to acquire development funds.
If a DAC wants the same level of dilution as original promise then AGS/PTS end up with 2%. And this is the difference to original promise IMHO.

People that believed in this might feel lied to.

Offline onceuponatime

Re: Dan's new plan is unfair to the long-time PTS holders.
« Reply #14 on: October 20, 2014, 06:59:26 AM »
Post 28 feb snapshot PTS miners might be disappointed by this resolution.

I still think that original promise differs than current proposal:
In original promise there were 20% allocated to PTS/AGS and 80% development. There were no mentioning of dilution.
In current situation PTS/AGS will still get 20%, but the rest will be allocated to BTSX holders and there must be dilution in order to acquire development funds.
If a DAC wants the same level of dilution as original promise then AGS/PTS end up with 2%. And this is the difference to original promise IMHO.

People that believed in this might feel lied to.

But post Feb28th holders are getting shares in the flagship btsx chain which they originally missed out on.

 

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