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Offline Markus

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1 AGS worth more than 1 PTS
« on: February 17, 2014, 12:05:30 AM »

For the first time ever more than 5000 PTS and more than 70 BTC were donated in a single day.
5583 PTS according to www1.agsexplorer.com

… seems like last minute buying has really started.

Offline bytemaster

Re: 1 AGS worth more than 1 PTS
« Reply #1 on: February 17, 2014, 12:28:20 AM »
Should be fun to watch the next 2 weeks....
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Offline speedy

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Re: 1 AGS worth more than 1 PTS
« Reply #2 on: February 17, 2014, 01:45:03 AM »
Is anyone else holding out for 100 AGS/BTC again before they donate more?

Offline Markus

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Re: 1 AGS worth more than 1 PTS
« Reply #3 on: February 17, 2014, 01:57:53 AM »
Is anyone else holding out for 100 AGS/BTC again before they donate more?

That'll be early March then.

sumantso

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Re: 1 AGS worth more than 1 PTS
« Reply #4 on: February 17, 2014, 06:27:53 AM »
Is anyone else holding out for 100 AGS/BTC again before they donate more?

No chance before Feb 28. With all the new updates, AGS will give you almosr 3x Bitshares than PTS.

In fact, I expect people to sell off PTS to get more AGS.

Offline Markus

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Re: 1 AGS worth more than 1 PTS
« Reply #5 on: February 17, 2014, 07:30:07 AM »
Now that everybody seems to think that PTS will drop sharply in value on midnight 28/2 the illiquidity of AGS seems to become secondary.
I expect PTS donations to reach 10-12 k a day quite soon and then level off until the night of nights :)

Offline sfinder

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Re: 1 AGS worth more than 1 PTS
« Reply #6 on: February 17, 2014, 09:00:32 PM »
I think the window for getting low price PTS only couple hours on 28th.  3I has controlled almost 2/3 PTS(1M) through AGS /mining and early buy in.   so you can not expect 3I can hand off on pts price dropping on and after 28th. 

Now that everybody seems to think that PTS will drop sharply in value on midnight 28/2 the illiquidity of AGS seems to become secondary.
I expect PTS donations to reach 10-12 k a day quite soon and then level off until the night of nights :)
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Offline mint chocolate chip

Re: 1 AGS worth more than 1 PTS
« Reply #7 on: February 17, 2014, 09:35:23 PM »
Is anyone else holding out for 100 AGS/BTC again before they donate more?

No chance before Feb 28. With all the new updates, AGS will give you almosr 3x Bitshares than PTS.

In fact, I expect people to sell off PTS to get more AGS.

Can you elaborate? I thought AGS will give the same amount of BTS as PTS. How is it giving you 3x bitshares? (Perhaps I missed an update somewhere)

1/2 of the bitshares goes to AGS and the other 1/2 to PTS, with each getting 2 million. On February 28th, over 1.5 million PTS will exist and less than 600,000 AGS will exist, so the 2 million will be divided among those  numbers making the ratio of bitshares per AGS substantially more than the ratio of bitshares per PTS.

Offline santaclause102

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Re: 1 AGS worth more than 1 PTS
« Reply #8 on: February 19, 2014, 09:06:17 PM »
I think the window for getting low price PTS only couple hours on 28th.  3I has controlled almost 2/3 PTS(1M) through AGS /mining and early buy in.   so you can not expect 3I can hand off on pts price dropping on and after 28th. 

Now that everybody seems to think that PTS will drop sharply in value on midnight 28/2 the illiquidity of AGS seems to become secondary.
I expect PTS donations to reach 10-12 k a day quite soon and then level off until the night of nights :)


I guess I3 owns own PTS (and AGS) aquired by mining and buying in. The PTS acquired through AGS donations are funds held to increase the value of the ecosystem...

After the 28th, would I3 buy cheap PTS or even donate BTC to get AGS with the BTC collected through AGS donations up to now? 

Offline bytemaster

Re: 1 AGS worth more than 1 PTS
« Reply #9 on: February 19, 2014, 10:22:47 PM »
Invictus has promised to never take PTS or BTC received as AGS donations in order to purchase AGS.   
We do however, encourage employees and contractors to donate to AGS with their own money. 

For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline toast

Re: 1 AGS worth more than 1 PTS
« Reply #10 on: February 20, 2014, 12:16:57 AM »
Will you guys ever buy back PTS, for example to spread your huge BTS stash?
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Offline bytemaster

Re: 1 AGS worth more than 1 PTS
« Reply #11 on: February 20, 2014, 06:37:42 AM »
Will you guys ever buy back PTS, for example to spread your huge BTS stash?

That would be like a growing tech company doing a stock buy back rather than investing in developing real products just after the IPO.   
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline masking

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Re: 1 AGS worth more than 1 PTS
« Reply #12 on: February 22, 2014, 05:52:04 AM »
Will you guys ever buy back PTS, for example to spread your huge BTS stash?

That would be like a growing tech company doing a stock buy back rather than investing in developing real products just after the IPO.
So, you will buy back PTS or not?

Offline bytemaster

Re: 1 AGS worth more than 1 PTS
« Reply #13 on: February 22, 2014, 06:08:59 AM »
Will you guys ever buy back PTS, for example to spread your huge BTS stash?

That would be like a growing tech company doing a stock buy back rather than investing in developing real products just after the IPO.
So, you will buy back PTS or not?

We would only do a buy back if we felt that PTS was way undervalued and we felt we could make money for AGS holders through buying back PTS.... waiting for them to grow in value, and then selling them again to result in greater capital for Invictus to work with.   I will not tie my hands any particular way, but I will say that I would not do so in some misguided attempt to manipulate the market as that would be a quick way to lose money.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

sumantso

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Re: 1 AGS worth more than 1 PTS
« Reply #14 on: February 22, 2014, 06:12:21 AM »
Will you guys ever buy back PTS, for example to spread your huge BTS stash?

That would be like a growing tech company doing a stock buy back rather than investing in developing real products just after the IPO.
So, you will buy back PTS or not?

We would only do a buy back if we felt that PTS was way undervalued and we felt we could make money for AGS holders through buying back PTS.... waiting for them to grow in value, and then selling them again to result in greater capital for Invictus to work with.   I will not tie my hands any particular way, but I will say that I would not do so in some misguided attempt to manipulate the market as that would be a quick way to lose money.

I hope you don't attempt any market manipulation. Not only will it reflect badly, it will also throw a spanner in my strategy (and others' too I would assume). In the ever changing distribution scenario its difficult to formulate a strategy as it is, and possible manipulation by I3 will cause a lot of problems.

 

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