Poll

Are you for or against the Merger Proposal to BTS?

Yes.  I am for it and would like to see it happen.
225 (72.3%)
No.  I disagree with the idea and do not want to see it happen.
86 (27.7%)

Total Members Voted: 301

Voting closed: October 24, 2014, 09:02:26 AM

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Offline fuzzy

IMPORTANT: BTS Merger (Poll)
« on: October 21, 2014, 09:00:59 AM »

UPDATE:  The Distribution has already been set by the Invictus Team.  Therefore, we will have no further posts unless others choose to start them.


When this poll is completed, I intend to create and post a thread for people to propose distribution models to current holders of all bitshares tokens (PTS/AGS/BTSX/DNS...etc)

At that point, we will consolidate and have a poll to choose between them. If you are interested in proposing your own model, please begin preparing your statements and reasons. 

Each will need to have its own thread so others in the community can discuss--this current poll is only to gauge community interest in moving to a "super"chain (BTS) on that basis ALONE


« Last Edit: October 27, 2014, 09:16:18 AM by fuzzy »
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Offline Mysto

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Re: IMPORTANT: BTS Merger (Poll)
« Reply #1 on: October 21, 2014, 09:01:30 AM »
Which one?

Edit: ah there it is.
« Last Edit: October 21, 2014, 09:06:49 AM by Mysto »

Offline fuzzy

Re: IMPORTANT: BTS Merger (Poll)
« Reply #2 on: October 21, 2014, 09:07:05 AM »
please bump this thread with  +5% to help me keep it alive for as long as possible so we can ensure maximum participation.
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Offline davidpbrown

Re: IMPORTANT: BTS Merger (Poll)
« Reply #3 on: October 21, 2014, 09:12:41 AM »
There should be a short pithy description of the proposal. Trouble atm is broad spread of perception. We need to vote on something definite, if a vote is really appropriate. Also, I think the nature of PTS/AGS changing is distinct from the merger of DAC under one umberella.
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Offline blahblah7up

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Re: IMPORTANT: BTS Merger (Poll)
« Reply #4 on: October 21, 2014, 09:16:35 AM »
There should be a short pithy description of the proposal. Trouble atm is broad spread of perception. We need to vote on something definite, if a vote is really appropriate. Also, I think the nature of PTS/AGS changing is distinct from the merger of DAC under one umberella.

Yes. I'm not voting until something concrete has been proposed.  What kind of thread is this?  No one even knows what they voting on.

Offline mf-tzo

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Re: IMPORTANT: BTS Merger (Poll)
« Reply #5 on: October 21, 2014, 09:23:41 AM »
For those that might thinking that this is a bad thing to do just clear your heads up and think about it as a big company buying out smaller companies in order to increase everyone's position. Dilution is the worst ever possible word to describe a merger like this. It is not dilution. It is merger and acquisition.

For those that are thinking dumping DNS also think twice before you do so.. The stronger the DNS at the time of the snapshot of the merger equals more shares on the new DAC. DNS will not die and now has to prove it's value.

Unless I missunderstand something please correct me.

Offline inarizushi

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Re: IMPORTANT: BTS Merger (Poll)
« Reply #6 on: October 21, 2014, 09:27:10 AM »
 +5%
Thanks fuzzy for the initiative ! Hope it will give a good overview of what people really think about BM's proposal
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Re: IMPORTANT: BTS Merger (Poll)
« Reply #7 on: October 21, 2014, 09:28:50 AM »
+5%
Thanks fuzzy for the initiative ! Hope it will give a good overview of what people really think about BM's proposal
+5% +5%
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Re: IMPORTANT: BTS Merger (Poll)
« Reply #8 on: October 21, 2014, 09:32:23 AM »
It is merger and acquisition.

Nothing is merged or acquired:

3) Capital infusion to fund marketing efforts is solved by allowing for a majority vote of BTS holders to vote to create and sell shares for funding purposes

IOW: throw on the printing press and spend the resulting notes on marketing. That's pump&dump par excellence.
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Re: IMPORTANT: BTS Merger (Poll)
« Reply #9 on: October 21, 2014, 09:41:14 AM »
It is merger and acquisition.

Nothing is merged or acquired:

3) Capital infusion to fund marketing efforts is solved by allowing for a majority vote of BTS holders to vote to create and sell shares for funding purposes

IOW: throw on the printing press and spend the resulting notes on marketing. That's pump&dump par excellence.

3) Capital infusion to fund marketing efforts is solved by allowing for a majority vote of BTS holders to vote to create and sell shares for funding purposes
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Offline bitsapphire

Re: IMPORTANT: BTS Merger (Poll)
« Reply #10 on: October 21, 2014, 09:53:46 AM »
Set as sticky for a few days.
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Offline carpet ride

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Re: IMPORTANT: BTS Merger (Poll)
« Reply #11 on: October 21, 2014, 10:16:34 AM »
+5% +5%


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Re: IMPORTANT: BTS Merger (Poll)
« Reply #12 on: October 21, 2014, 10:29:58 AM »
It is merger and acquisition.

Nothing is merged or acquired:

3) Capital infusion to fund marketing efforts is solved by allowing for a majority vote of BTS holders to vote to create and sell shares for funding purposes

IOW: throw on the printing press and spend the resulting notes on marketing. That's pump&dump par excellence.

3) Capital infusion to fund marketing efforts is solved by allowing for a majority vote of BTS holders to vote to create and sell shares for funding purposes

That only means it would be a majority-approved pump&dump.

The problem here is that the (market) value of the DAC is not so much driven by the services it offers, but by marketing. It is easy to convince a majority with the promise of a tenfold increase in market value in combination with e. g. 10% dilution. In the long run this will destroy the DAC, though, because there is no substance in it for supporting the (temporarily) higher market value.
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Offline matt608

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Re: IMPORTANT: BTS Merger (Poll)
« Reply #13 on: October 21, 2014, 10:39:45 AM »
It is merger and acquisition.

Nothing is merged or acquired:

3) Capital infusion to fund marketing efforts is solved by allowing for a majority vote of BTS holders to vote to create and sell shares for funding purposes

IOW: throw on the printing press and spend the resulting notes on marketing. That's pump&dump par excellence.

3) Capital infusion to fund marketing efforts is solved by allowing for a majority vote of BTS holders to vote to create and sell shares for funding purposes

That only means it would be a majority-approved pump&dump.

The problem here is that the (market) value of the DAC is not so much driven by the services it offers, but by marketing. It is easy to convince a majority with the promise of a tenfold increase in market value in combination with e. g. 10% dilution. In the long run this will destroy the DAC, though, because there is no substance in it for supporting the (temporarily) higher market value.

How does attracting new long term users not support a higher market value?  That's the purpose of marketing.  There's marketing to shareholders and theres marketing to users.  There will always be speculation on what the promises of marketing are worth before the marketing actually takes place, in which case the promises of marketing has the effect of being marketing to shareholders i.e. pumping.  But unless you have reason to believe the raised funds *wont* be used on marketing to new users, then this is not a problem.

The issue is ensuring the raised funds from dilution are spent wisely.
« Last Edit: October 21, 2014, 10:41:32 AM by matt608 »

Offline oldutiao

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Re: IMPORTANT: BTS Merger (Poll)
« Reply #14 on: October 21, 2014, 11:19:04 AM »
 +5%

 

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