Will Music be merged into BTS?

CLains · October 26, 2014, 03:24:42 PM

They are thinking about not doing it.

ICO is running..

>lyl

Gentso1 · October 26, 2014, 12:02:09 PM

I think cob's approach of wait and see is pretty wise. For all we know BTS will drop like a rock for anyone of a number of reasons. Note at this point has more to loose then gain. Sure BTS can offer them access to more funds and devs but note is going to have its own funds via the pre sale.

The above is written from a soon to be BTS holder and I have no notes other then from ags. I would love for them to come on board but Its just smart business to wait until the dust clears.

amencon · October 26, 2014, 06:39:43 AM

Quote from: clayop on October 26, 2014, 05:03:16 AM
Personally, I'm for merge if there exists a great benefit. However, my concern is how to abate complains and resists from pre-salers and ptsers. The former group bought Notes at the lowest price so far, but is expecting short-term profit, therefore they will complain about long-term investment in BTS. It is obvious that the latter group will complain about loss if the merger price (or proportion of share) is lower than the price they obtain Notes (which can be roughly calculated with price difference between before and after snapshot).

Agreed.

I'm certain that if that great benefit exists, cob will do what he thinks is best for the DAC. However a merger will certainly leave some people feeling frustrated. I'm sure some would be happy to dilute their music investment for the chance to also be invested with all the other features in the multi DAC, however for those that wanted maximum exposure to the business the music side brings, introducing dilution to that for features they are less interested in would feel like a raw deal.

In theory, if a merger happened and theMusic Dapp greatly outperformed all other Bitshares features, Note purchasers would be giving much investment value up to the other BTS holders. However of course the opposite could happen and those same investors could be saved from losses or lower gains.

I think it's smart for cob and his team to carefully study the pros and cons of a merger before rocking the boat for their current investors.

clayop · October 26, 2014, 05:03:16 AM

Personally, I'm for merge if there exists a great benefit. However, my concern is how to abate complains and resists from pre-salers and ptsers. The former group bought Notes at the lowest price so far, but is expecting short-term profit, therefore they will complain about long-term investment in BTS. It is obvious that the latter group will complain about loss if the merger price (or proportion of share) is lower than the price they obtain Notes (which can be roughly calculated with price difference between before and after snapshot).

clayop · October 26, 2014, 04:38:48 AM

Quote from: donkeypong on October 26, 2014, 03:24:05 AM
If/when they merge, I'm sure the allocation will be fair.

It should be. But there are different interest groups, i.e. pre-saler, agser, and ptser with different prices. Ptsers obtained Notes at around 1500 satoshi (rough calculation), while post 2/28 agsers got them at around 700 satoshi, and presalers at around 400-700 satoshi. If they are merged, someone will benefit or someone will lose. We have to be super wise.

donkeypong · October 26, 2014, 03:24:05 AM

I'm guessing they will merge. It makes the most sense to use that scale on the back end; the PeerTracks folks are going to pretty occupied with their front end. But the default answer is that they're separate...until they discuss/decide otherwise. If/when they merge, I'm sure the allocation will be fair.

margie · October 25, 2014, 04:27:47 PM

Actually I''m worrying about it as well. I'v been investing NOTES for several days. Now I wanna stop because I'm not sure if the merger will happened. I think I'll be extraordinarily sad for a sudden merger (like DNS-BTS) after pre-sale.

cube · October 25, 2014, 11:02:46 AM

Quote from: starspirit on October 22, 2014, 09:34:12 PM
I've been investing via the the pre-sale. If NOTES were folded into BTS, is there any risk that we would be a price-taker (i.e. no say on allocation) like DNS and VOTE? If there is, I think I would rather not invest.

I think Cob is aware of such concerns. He has assured the community that he would carefully consider the interests of all parties before making a decision. I believe he would communicate these points when he is ready for a open discussion.

oco101 · October 22, 2014, 09:37:52 PM

See Cob answer here : https://bitsharestalk.org/index.php?topic=10258.msg135922#msg135922

starspirit · October 22, 2014, 09:34:12 PM

I've been investing via the the pre-sale. If NOTES were folded into BTS, is there any risk that we would be a price-taker (i.e. no say on allocation) like DNS and VOTE? If there is, I think I would rather not invest.

edilliam · October 22, 2014, 05:22:46 PM

Quote from: donkeypong on October 22, 2014, 04:58:23 PM
Quote from: edilliam on October 22, 2014, 04:49:43 PM
I'm currently working on some design ideas for the branding for MUSIC. See here: https://bitsharestalk.org/index.php?topic=9930.msg132485#msg132485

With all the talk or mergers etc, can anyone confirm whether or not I should continue work on this area or hold off until we are 100% sure that MUSIC will be branded differently to BTS?

Music will have plenty of separate branding. They have their own front end site and that will continue. This merger question is just about the back-end DAC, which most PeerTracks users will never even know exists. I'm sure some of the marketing will apply to all DACs, but Music definitely has its own branding going on with PeerTracks.

OK thanks, I'll continue working on these designs then. :D

donkeypong · October 22, 2014, 04:58:23 PM

Quote from: edilliam on October 22, 2014, 04:49:43 PM
I'm currently working on some design ideas for the branding for MUSIC. See here: https://bitsharestalk.org/index.php?topic=9930.msg132485#msg132485

With all the talk or mergers etc, can anyone confirm whether or not I should continue work on this area or hold off until we are 100% sure that MUSIC will be branded differently to BTS?

Music will have plenty of separate branding. They have their own front end site and that will continue. This merger question is just about the back-end DAC, which most PeerTracks users will never even know exists. I'm sure some of the marketing will apply to all DACs, but Music definitely has its own branding going on with PeerTracks.

Frodo · October 22, 2014, 04:55:35 PM

I think thas has to be addressed ASAP. Especially as the presale is still running.

edilliam · October 22, 2014, 04:49:43 PM

I'm currently working on some design ideas for the branding for MUSIC. See here: https://bitsharestalk.org/index.php?topic=9930.msg132485#msg132485

With all the talk or mergers etc, can anyone confirm whether or not I should continue work on this area or hold off until we are 100% sure that MUSIC will be branded differently to BTS?

joele · October 22, 2014, 04:33:29 PM

Quote from: bytemaster on October 22, 2014, 03:56:47 PM
New chain (BTS) that will fork from BTSX and honor PTS, DNS, VOTE, and AGS... simple upgrade and exchanges will simply rename BTSX to BTS.

Buy BTSX gives you 1:1 stake in BTS.... and you just upgrade your wallet.
Buy PTS gives will give you a slight advantage if you are willing to let your funds vest over 2 years.
Buy DNS gives will give you a similar advantage if you are willing to let your funds vest over 2 years.
BitAssets, Accounts, and User Issued assets are unaffected.

I will only be focusing on BTS and it will incorporate the features of DNS, KeyID, BTSX, VOTE and Ethereum on one chain called BitShares (BTS).

Play/Music are currently planning their own separate chains that will borrow our technology but still plan to honor PTS/AGS.

*note....whether or not the PTS/DNS price reflects a fair discount is hard to say.

PTS & DNS will continue as a chains that must find and grow the own community and leaders.