Fix for DNS Holders who lost money buying into DNS

[clayop]

Great move! 

[matt608]

I hope this helps bring the community back together.

[feedthemcake]

We don't want anyone to lose out, especially those who bought into the systems like DNS after launch.   Toast and I have been working on a solution that does not involve changing my proposal and upsetting the markets further. 

Only ~10% of DNS has moved from the genesis block.  Prior to the 50% fall DNS had a market cap of $6.5 million (according to Toast) which means the total value of all DNS purchased prior to my proposal post was about $650,000.   After the post it lost 50% of its value causing some DNS fans to lose $325,000 while those that sold prior made $325,000.   

We happen to own a large part of DNS through the PTS Angel address and this part that we own was in excess of 10% (haven't actually imported it yet)...  we will divide this fund among DNS holders outside the genesis block based upon a snapshot just prior to my post.   

This allocation should not harm any other players other than us and should make everyone who purchased DNS whole. 

There is no point in moving your funds from the genesis as a result of this post.

We would like to thank everyone in the community who supports our project and to show our commitment to make sure that you all are taken care of even if it comes at our own expense.

Once again.. this is not an obligation and we may change our mind on the details of this post.  I just wanted you to know the gist of what our plans are to make everyone as happy as possible.

[bytemaster]

We don't want anyone to lose out, especially those who bought into the systems like DNS after launch.   Toast and I have been working on a solution that does not involve changing my proposal and upsetting the markets further. 

Only ~10% of DNS has moved from the genesis block.  Prior to the 50% fall DNS had a market cap of $6.5 million (according to Toast) which means the total value of all DNS purchased prior to my proposal post was about $650,000.   After the post it lost 50% of its value causing some DNS fans to lose $325,000 while those that sold prior made $325,000.   

We happen to own a large part of DNS through the PTS Angel address and this part that we own was in excess of 10% (haven't actually imported it yet)...  we will divide this fund among DNS holders outside the genesis block based upon a snapshot just prior to my post.   

This allocation should not harm any other players other than us and should make everyone who purchased DNS whole. 

There is no point in moving your funds from the genesis as a result of this post.

We would like to thank everyone in the community who supports our project and to show our commitment to make sure that you all are taken care of even if it comes at our own expense.

Once again.. this is not an obligation and we may change our mind on the details of this post.  I just wanted you to know the gist of what our plans are to make everyone as happy as possible.