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Offline sudo

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if  AGS & PTS  merged into BTSX
how to deal with the snapshoted shares  of DNS、 VOTE & Music?
DNS shares has traded  a few weeks.
Music is IPO ing.

Offline xeroc

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #1 on: October 21, 2014, 11:37:51 AM »
No information is publicly known as of yet .. AFAIK, BM had a discussion with the guys from VOTE just yesterday .. not sure if MUSIC will be part of this at it is a 3rd party product ..
DNS ... not sure ..

Let's not speculate and wait for some information about how the devs see things coming .. They should know what's possible and what's not (technically)
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Offline sudo

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #2 on: October 21, 2014, 04:12:46 PM »
OMG……

Offline bitsapphire

Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #3 on: October 21, 2014, 04:17:44 PM »
if  AGS & PTS  merged into BTSX
how to deal with the snapshoted shares  of DNS、 VOTE & Music?
DNS shares has traded  a few weeks.
Music is IPO ing.

Music DAC is actively looking at the technical details. Whatever gets decided once the dust settles, Music donors will get their equivalent value in whatever token it ends up being build on.

I am personally in favor of the move BM is proposing, however the community members will need more technical information for them to make educated decisions.
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Offline tonyk

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #4 on: October 21, 2014, 04:21:47 PM »
if  AGS & PTS  merged into BTSX
how to deal with the snapshoted shares  of DNS、 VOTE & Music?
DNS shares has traded  a few weeks.
Music is IPO ing.

Music DAC is actively looking at the technical details. Whatever gets decided once the dust settles, Music donors will get their equivalent value in whatever token it ends up being build on.

I am personally in favor of the move BM is proposing, however the community members will need more technical information for them to make educated decisions.

Interesting... very much so ...hm
Can the super DAC become extra super DAC, or am I just delusional?
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Rune

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #5 on: October 21, 2014, 04:22:31 PM »
No matter what, if one DAC wants to absorb another, stakeholders of the absorbed DAC will get to vote on it, and only if they choose to do it will it go ahead. They will then get awarded a proportional stake so their holdings will continue at the exact same value as before.

Offline cob

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #6 on: October 21, 2014, 06:49:10 PM »
As of now the Music DAC is taking a wait and see approach. We have to develop the front end as well to bring value and use to the underlying asset. We have plenty of time to make a decision as to what we plug in to. BitShares Music or BitShares mega flagship.

We still have another 40 days of pre-sale at least + bytemaster's announcement to look forward to.
Then we have to consult the forums (:

A month is a long time in the BitShares world!
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Offline biophil

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #7 on: October 21, 2014, 07:35:30 PM »
No matter what, if one DAC wants to absorb another, stakeholders of the absorbed DAC will get to vote on it, and only if they choose to do it will it go ahead. They will then get awarded a proportional stake so their holdings will continue at the exact same value as before.

One would hope this is the case, but no such vote occurred in the DNS DAC and as of now it's being merged with the mega-DAC at less than half its market value.

One thing that is always sure in the bitshares world is that nothing is ever sure...

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Offline xeroc

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #8 on: October 21, 2014, 07:39:19 PM »
One thing that is always sure in the bitshares world is that nothing is ever sure...
Always adopting towards the best!
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Offline biophil

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #9 on: October 21, 2014, 07:50:02 PM »
One thing that is always sure in the bitshares world is that nothing is ever sure...
Always adopting towards the best!

I sure hope so! All this seems to be happening awfully fast.

Offline oco101

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #10 on: October 21, 2014, 10:55:53 PM »
As of now the Music DAC is taking a wait and see approach. We have to develop the front end as well to bring value and use to the underlying asset. We have plenty of time to make a decision as to what we plug in to. BitShares Music or BitShares mega flagship.

We still have another 40 days of pre-sale at least + bytemaster's announcement to look forward to.
Then we have to consult the forums (:

A month is a long time in the BitShares world!

There are loads of people that are buying in pre-sale because they like very much the Music idea but they don't care about the  Bitshare mega Dac. Say I bought 10 $ worth of Notes  because the idea is so great, and I hope I will make 10x more    If  the acquisition happens and  now you want to give me 10$ worth of BTS( a different  example:  I bought 100000 Notes and now you give me 10000 BTS), this will be a very hard sell. So I suggest to consider very carefully and maybe not to wait until the end of pre-sale  to decide. 

Offline yellowecho

Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #11 on: October 22, 2014, 12:15:45 AM »
The PTS snapshots for those DACs have already been taken, haven't they?  If so, the merger would not effect the share allocation at all since only the private keys are needed.
696c6f766562726f776e696573

Offline GaltReport

Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #12 on: October 22, 2014, 12:29:21 AM »
The PTS snapshots for those DACs have already been taken, haven't they?  If so, the merger would not effect the share allocation at all since only the private keys are needed.

That's my understanding.

Offline kbrom

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #13 on: October 22, 2014, 01:33:45 AM »
As of now the Music DAC is taking a wait and see approach. We have to develop the front end as well to bring value and use to the underlying asset. We have plenty of time to make a decision as to what we plug in to. BitShares Music or BitShares mega flagship.

We still have another 40 days of pre-sale at least + bytemaster's announcement to look forward to.
Then we have to consult the forums (:

A month is a long time in the BitShares world!

There are loads of people that are buying in pre-sale because they like very much the Music idea but they don't care about the  Bitshare mega Dac. Say I bought 10 $ worth of Notes  because the idea is so great, and I hope I will make 10x more    If  the acquisition happens and  now you want to give me 10$ worth of BTS( a different  example:  I bought 100000 Notes and now you give me 10000 BTS), this will be a very hard sell. So I suggest to consider very carefully and maybe not to wait until the end of pre-sale  to decide.

 +5% +5% +5%

Offline Stan

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Re: So, how to deal with the snapshoted shares of DNS VOTE & Music?
« Reply #14 on: October 22, 2014, 03:22:49 AM »
No matter what, if one DAC wants to absorb another, stakeholders of the absorbed DAC will get to vote on it, and only if they choose to do it will it go ahead. They will then get awarded a proportional stake so their holdings will continue at the exact same value as before.

One would hope this is the case, but no such vote occurred in the DNS DAC and as of now it's being merged with the mega-DAC at less than half its market value.

One thing that is always sure in the bitshares world is that nothing is ever sure...

Sent from my SCH-S720C using Tapatalk 2

Bytemaster explained his analysis in today's recorded mumble session.  As usual, it went far deeper than superficial numbers like "market value".

Here's a sample:  True value assessment must include an estimate of liquidity.  It is not possible right now to sell every share at the market price.  Not even close.  So you can't give a DAC credit for its full market cap unless there is truly that much demand for every share

Another example:  A fully efficient market with all information available to it would be expected to correctly appraise the value of a share.  But things are happening too fast and the more you know and have assimilated the implications of all the facts the more accurate will be your assessment of the true value.  Bytemaster is the closest thing we have to a fully informed appraiser.

So before you criticize his analysis, be sure you have thought things through at least that deeply.

:)
« Last Edit: October 22, 2014, 03:26:44 AM by Stan »
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.

 

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