Most of the market doesn't yet understand that Protoshares represents the first of a new type of thing, cryptoequities. Instead of being currencies where the value comes from the network and how spendable it is, Cryptoequities trade on the value imbued in them by a creator or company who voluntarily backs it.
I feel its not right to compare Protoshares with something like bitcoins.
While I understand the need to protect identities here and keep things anonymous -don't you think the rise and drop of value in bitcoins affect protoshare pricing?
Market rate of 0.01 when BTC is at 1000 usd gets you 10 usd per share
Market rate of 0.01 when BTC is set at 700 USD gets you 7 usd per share
Why should PTS be dependant on BTC pricing.
I think we should mould our sale prices with the changes in btc rates
I dont know if you noticed but yesterday (when i looked) PTS were the only top 10 currency on coinmarketcap that was in positive and this morning when i looked PTS were the only one in negative (its different now 19-46pm GMT because everyone is in panic mode) But it did make me think both times i looked that the market is seeing this as something different.
This means the point of failure is very centralized (whomever backs it) but it also means it doesn't have to have a big network in order to be valuable, it just has to be honored by the backer.
Protoshares is trading oddly because people dont know what to make of it, but motion attracts the attention of simple minded creatures. Whenever invictus launches the first product that honors the social contract I think people will understand.
To be successful in the short term, a fledgling DAC, (um, a DACling), needs someone strong and dependable to support it while it grows.
To be successful in the long term, the DACling needs to become independent of any single point failure, including its parent.
We must always have a plan to cut the tether to its parent company, which must remain in fiat space where it could be seduced or coerced into corruption at some point. That's why DAC engineering must include the engineering of a distributed development community. So the parent company can let go and know there's a whole community looking out for its baby.
That's why we seek free-lance developers on 6 continents (we span 3 so far).
But I agree, it can still be profitable for its shareholders long before it becomes a sovereign creature of Free Space.