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Offline toast

Small proposed adjustment to BTS sharedropped to DNS
« on: November 07, 2014, 04:54:13 PM »

My best judgement says that rather than scaling up non-dev funds and using all of I3 to give a pre-proposal bonus, I'd like to use the unspent claimed portion to pay pre-DNS holders (about 150mn DNS).

* Pre-proposal DNS sharedrop would about 3.5x as much - some of this would go in lump sums to exchanges to do a best-effort
* Post-proposal DNS sharedrop (BTS long-term discounter buyers) would get about 2% 3.7% less ("diluted" to ~4.20 up from 4.05)
* In all cases, DNS dev stake and PaNGEL still wouldn't end up with any BTS from DNS.

https://github.com/BitShares/bitshares/commit/6521a11d60c04c80665767a97633a06c0afb292a
« Last Edit: November 07, 2014, 05:12:00 PM by toast »
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Offline biophil

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Re: Small proposed adjustment to BTS sharedropped to DNS
« Reply #1 on: November 07, 2014, 05:06:01 PM »
My best judgement says that rather than scaling up non-dev funds and using all of I3 to give a pre-proposal bonus, I'd like to use the unspent claimed portion to pay pre-DNS holders (about 150mn DNS).

* Pre-proposal DNS sharedrop would about 3.5x as much - some of this would go in lump sums to exchanges to do a best-effort
* Post-proposal DNS sharedrop (BTS long-term discounter buyers) would get about 2% less ("diluted" to ~4.20 up from 4.05)
* In all cases, DNS dev stake and PaNGEL still wouldn't end up with any BTS from DNS.

https://github.com/BitShares/bitshares/commit/6521a11d60c04c80665767a97633a06c0afb292a

The percentages are possibly misleading because you're saying 3.5x of a small amount is paid for by 2% of a large amount. What are the actual numbers of shares here? I'm not waving pitchforks, just trying to get an accurate picture of your proposal.

Disclosure: your proposal benefits me significantly.

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Offline toast

Re: Small proposed adjustment to BTS sharedropped to DNS
« Reply #2 on: November 07, 2014, 05:11:42 PM »
About 13mm BTS will change snapshot sections, but a lot of the target overlaps.
The problem is that exchanges had a lot of funds that had not moved on the blockchain.

And actually the change is closer to 4%, updated OP
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Offline nomoreheroes7

Re: Small proposed adjustment to BTS sharedropped to DNS
« Reply #3 on: November 07, 2014, 07:38:00 PM »
Hmm...I hold post-proposal DNS, and it sounds like this will make me take a hit...for that reason alone I say nay; not really fair to change conditions after-the-fact...

Offline rycon872

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Re: Small proposed adjustment to BTS sharedropped to DNS
« Reply #4 on: November 07, 2014, 10:17:44 PM »
Hmm...I hold post-proposal DNS, and it sounds like this will make me take a hit...for that reason alone I say nay; not really fair to change conditions after-the-fact...

Seriously, you guys have a bad habit of changing stuff after its already been set in stone. How can you punish one group of investors just to reward another?? Makes no sense.

-5%

Offline toast

Re: Small proposed adjustment to BTS sharedropped to DNS
« Reply #5 on: November 08, 2014, 01:31:44 AM »
Ok sure. Default option is the original allocation unless people really support it. I'm proposing it because I see a lot more people got burned than we estimated because of how much btc38 holds.

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