Poll

If vesting is absolutely necessary, how would you do it?

2 years, 0% at the start 100% at the end
2 years, 25% at start, 100% at the end
2 years, 50% at start, 100% at the end
2 years, 75% at start, 100% at the end

Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: IMPORTANT: Vesting  (Read 649 times)

0 Members and 1 Guest are viewing this topic.

Offline bitmeat

  • Hero Member
  • *****
  • Posts: 1116
    • View Profile
IMPORTANT: Vesting
« on: October 22, 2014, 01:05:37 AM »

I didn't quite understand why the vesting is necessary. But it seems that the move has shafted PTS holders.

I propose, if vesting is absolutely necessary, to at least start the vesting from amount higher than 0% (current proposal by Bytemaster)

Offline liondani

Re: IMPORTANT: Vesting
« Reply #1 on: October 22, 2014, 01:10:00 AM »
just a reminder, vesting doesn't apply for the 80% btsx allocation  ;)
  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline onceuponatime

Re: IMPORTANT: Vesting
« Reply #2 on: October 22, 2014, 01:17:20 AM »
How about another option?

Starts at 0% and grows by 1% a week.

Offline Rune

  • Hero Member
  • *****
  • Posts: 1120
    • View Profile
Re: IMPORTANT: Vesting
« Reply #3 on: October 22, 2014, 01:17:37 AM »
We shouldn't change any rules now after BM made his announcement and the markets reacted accordingly. Any new allocation would just be a zero sum game of taking from one group and giving to another.

Offline Method-X

  • Hero Member
  • *****
  • Posts: 1131
  • VIRAL
    • View Profile
    • Learn to code
  • BTS: methodx
Re: IMPORTANT: Vesting
« Reply #4 on: October 22, 2014, 01:22:04 AM »
How about another option?

Starts at 0% and grows by 1% a week.

This is actually a great idea. If it's done gradually, the market never has to be uncertain about large "founder dumps" as specific dates are met.

Offline Pheonike

Re: IMPORTANT: Vesting
« Reply #5 on: October 22, 2014, 01:26:55 AM »

It prevents the liquidity happy PTS folks from dumping crap load of shares at once and tanking the price.

Offline bitmeat

  • Hero Member
  • *****
  • Posts: 1116
    • View Profile
Re: IMPORTANT: Vesting
« Reply #6 on: October 22, 2014, 01:32:58 AM »


It prevents the liquidity happy PTS folks from dumping crap load of shares at once and tanking the price.

But if they start at 50% Unless people really need the money won't sell.

I just find it appalling locking the only liquid instrument there was for 2 years.

Or why not just release the supply gradually instead of penalizing early sellers by 99%.

Just let them sell up to 1% per week.

Offline Rune

  • Hero Member
  • *****
  • Posts: 1120
    • View Profile
Re: IMPORTANT: Vesting
« Reply #7 on: October 22, 2014, 01:33:18 AM »

It prevents the liquidity happy PTS folks from dumping crap load of shares at once and tanking the price.

The markets will be expecting it, so it won't be such a big deal.

Offline bobmaloney

Re: IMPORTANT: Vesting
« Reply #8 on: October 22, 2014, 01:37:07 AM »
How about another option?

Starts at 0% and grows by 1% a week.

^^^This...and not depending upon withdrawal.

Most AGS holders, by definition, have a long time horizon.

I3 is the largest PTS holder.

I don't think dumping is a very worrisome issue to begin with.
"The crows seemed to be calling his name, thought Caw."
- Jack Handey (SNL)

Offline bitmeat

  • Hero Member
  • *****
  • Posts: 1116
    • View Profile
Re: IMPORTANT: Vesting
« Reply #9 on: October 22, 2014, 01:42:40 AM »
How about another option?

Starts at 0% and grows by 1% a week.

^^^This...and not depending upon withdrawal.

Most AGS holders, by definition, have a long time horizon.

I3 is the largest PTS holder.

I don't think dumping is a very worrisome issue to begin with.

Million times this! Withdrawal should not eliminate your balance that is not vested. I think it would be a huge fuck up if it did.

Offline roadscape

Re: IMPORTANT: Vesting
« Reply #10 on: October 22, 2014, 01:43:11 AM »
It prevents the liquidity happy PTS folks from dumping crap load of shares at once and tanking the price.

If anyone were to dump, it would be AGS holders
http://cryptofresh.com  |  witness: roadscape

Offline Stan

  • Hero Member
  • *****
  • Posts: 2852
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BTS: Stan
Re: IMPORTANT: Vesting
« Reply #11 on: October 22, 2014, 02:12:49 AM »
It prevents the liquidity happy PTS folks from dumping crap load of shares at once and tanking the price.

If anyone were to dump, it would be AGS holders

I'm not really worried about either group dumping.  They inherently represent the most loyal and far-sighted members of this community.  Vesting is a way to smooth out the circulating share growth to stay below the issuing rate of 50 BTS per block or whatever.

A lot of people need to get compensated in this deal while staying below the bitcoin rate of inflation so everybody has to play nice and be patient about how fast the new funding model can issue their stake to them.

Nobody wants a big discontinuity in shares circulating.

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 alphaBar

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: IMPORTANT: Vesting
« Reply #12 on: October 22, 2014, 04:29:01 AM »
So, you guys propose a 50/50 distribution between AGS and PTS. Ok sounds good.

* Then you propose that AGS will now become a liquid tradable asset, thus removing the entire advantage of PTS over AGS. Any compensation for this? Nope.

* Then you do the most ass-backward thing imaginable and you actually "lock" PTS into a vesting period.

So what we've done is gifted AGS with liquidity, punished PTS with IL-liquidity, and things are still "equal". Flawless logic!

Edit: And still not a peep from Dan or Stan about this. Very confidence inspiring.

Offline Troglodactyl

  • Hero Member
  • *****
  • Posts: 958
    • View Profile
Re: IMPORTANT: Vesting
« Reply #13 on: October 22, 2014, 04:37:28 AM »
Vesting AGS stake but leaving PTS entirely liquid would make a certain amount of sense...

Offline Method-X

  • Hero Member
  • *****
  • Posts: 1131
  • VIRAL
    • View Profile
    • Learn to code
  • BTS: methodx
Re: IMPORTANT: Vesting
« Reply #14 on: October 22, 2014, 05:31:34 AM »
Vesting AGS stake but leaving PTS entirely liquid would make a certain amount of sense...

+5%

 

Google+