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Offline bobb

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Regarding the Proposed Allocation for Merger
« on: October 22, 2014, 07:02:01 AM »

Hey folks,

Just posted this in the main merger thread:

https://bitsharestalk.org/index.php?topic=10279.msg135338#msg135338

Synopsis:
It has been said that:
- the DACs will be valued according to their market cap.
- the invested funds will be preserved.

It looks like both won't happen as Stan already stated that:


Now do you begin to see why it wasn't hard for the VOTE and DNS developers to Seize the Day?

I just want to understand it. I would love to hear your opinions. Please let's be nice to each other.

« Last Edit: October 22, 2014, 07:42:23 AM by bobb »

Offline onceuponatime

Re: Regarding the Proposed Allocation for Merger
« Reply #1 on: October 22, 2014, 07:22:18 AM »


https://bitsharestalk.org/index.php?topic=10219.90


*****************************************************
Quote from: bytemaster on Today at 12:06:15 AM

    The devs 80% was to be removed... didn't clarify that.
******************************************************

Oh,

HOLY FUCK THAT IS A BIG DEAL.

It means that our calculation that DNS should be like 75 satoshi right now...should actually be that DNS should be 300 some satoshi right now.



Ok I sold 80k BTSX and bought DNS with it at 150 sat.

Either I misinterpreted Bytemaster and just lost a couple thousand dollars, or I was the first one to see him post this and just made a couple thousand dollars.

Information is a big deal!



Bytemaster can you please confirm:  The 3% allocation in BTS that is going to DNS holders is only going to those DNS shares that were already issued, and NOT to the billions of dev shares?

That means that we are only looking at about 1 billion DNS shares getting these new BTS, not 5 billion?
« Last Edit: Today at 12:25:45 AM by Ander »

Offline Riverhead

Re: Regarding the Proposed Allocation for Merger
« Reply #2 on: October 22, 2014, 11:14:58 AM »

80% of what though?

From: https://bitsharestalk.org/index.php?topic=6753.msg89570#msg89570

Quote from: toast
20% AGS
20% PTS
10% Developer
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.

So if it's 80% of the 10% than that's only 400M DNS coming out, or 8%.

Offline emski

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Re: Regarding the Proposed Allocation for Merger
« Reply #3 on: October 22, 2014, 11:26:54 AM »
The meaning of my question related to these 80% was:
If the promise to AGS/PTS holders is:
10% AGS
10% PTS
80% Developers
This means that the developer of each DAC has 80% stake and can use it for development without further diluting AGS/PTS stake.

After the proposal however:
7% locked AGS
7% locked PTS
80% BTSX
6% VOTE/DNS
0% Developers
This means that the development should be funded by further dilution.

Offline biophil

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Re: Regarding the Proposed Allocation for Merger
« Reply #4 on: October 22, 2014, 12:29:41 PM »


https://bitsharestalk.org/index.php?topic=10219.90


*****************************************************
Quote from: bytemaster on Today at 12:06:15 AM

    The devs 80% was to be removed... didn't clarify that.
******************************************************

Oh,

HOLY FUCK THAT IS A BIG DEAL.

It means that our calculation that DNS should be like 75 satoshi right now...should actually be that DNS should be 300 some satoshi right now.



Ok I sold 80k BTSX and bought DNS with it at 150 sat.

Either I misinterpreted Bytemaster and just lost a couple thousand dollars, or I was the first one to see him post this and just made a couple thousand dollars.

Information is a big deal!



Bytemaster can you please confirm:  The 3% allocation in BTS that is going to DNS holders is only going to those DNS shares that were already issued, and NOT to the billions of dev shares?

That means that we are only looking at about 1 billion DNS shares getting these new BTS, not 5 billion?
« Last Edit: Today at 12:25:45 AM by Ander »

Couldn't be 1 billion DNS shares, because 4 billion were initially distributed to AGS/PTS. At the very very least we're dealing with 4 billion DNS shares. I can't figure out where 80% comes from... Maybe it has something to do with VOTE. But the initial distribution of DNS was 80% PTS/AGS; not 80% devs.

 

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