Average daily donations BTC: 48.68
Average daily donations PTS: 2,740.2
48.68 / 2740 => .0177
Current PTS Price => .0175 (coinmarketcap)
Isn't it funny how efficient the market is? The only thing stopping BTC donations would do is force us to sell PTS for BTC in the market to pay our bills. Either way Invictus will end up with BTC and the PTS price will be suppressed. Except with AGS the process of converting between BTC and PTS is distributed and done in a way that is far more effecient than if Invictus was attempting to raise 500 BTC selling PTS on Bter or Cryptsy. It is also far more efficient for those who want to invest to send us BTC directly than to jump through hoops on Bter or Cryptsy paying their fees.
Changing the rules would hurt PTS far more than keeping things how they are and how things are is BETTER than if we never took BTC for AGS. There is a method to our madness.
Your calculation above is a bit cheeky. You compare the average AGS-implied PTS price of the last 10 days with the current price of PTS.
The average PTS price was more like 0.022 BTC which is about 25 % (0.022/0.0177) higher. Clearly selling PTS to donate BTC for AGS is the main reason for the PTS price decline since New Year.
Changing the scheme halfway through though is definitely the wrong thing to do.
One thing III could do instead is denominate more bounties in BTC and not in PTS. I guess many bounty-hunters would sell their PTS for BTC right away depressing the price even more. Since we all believe PTS is undervalued long term this is also in the interest of maximising the value of the Angel Fund.
This analysis make sense,
And if this points stand, maybe we can get an conclusion that, for the potential ags funders, they hold much more pts than btc half-half(price considered) relatively at very beginning, so to fund ags, for better return, they choose to sale pts for btc, this is just my assumption.
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