I see another downside to AGS because what if your AGS wallet gets hacked. They get all shares of your future DACS! I'm investing in PTS because of this. For a measure of safety. Only the ags funds would be compromsed, not your stake in future dacs
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Well it would be a race to see who could load the wallet and transfer the funds in the new DAC to a safe location first, assuming the keys you used to send to AGS were compromised.
This is a real concern of mine and reason to consider launching a new chain that allows transfer of AGS to safe keys. I suspect *someone* will do this with or without our blessing and then market participants will have to choose which chain to honor... the tradable version or the original fixed version.
Will future Invictus DACs honor a tradable AGS? This is an important question that I wouldn't mind answered before the 28th. A yes to this question would make AGS ridiculously more valuable than PTS at this moment in time.
This is a question that we cannot answer for the following reason: Invictus will produce software and never launch a DAC that makes any allocation what-so-ever just to keep a clean legal separation between what we are doing and what the users of our software are doing. We are relying on the market to take our free software and do something great with it that recognizes PTS and AGS for their role in making the software possible. So *if* someone creates a new DAC that honors AGS and PTS and then suggests that it should be honored rather than the static AGS from July 2014 and *if* people accept that DAC and idea, *then* it will probably result in the outcome you desire.
We have already set the precedent that honoring a DAC that honored AGS and PTS in such a way that someone who held original AGS and didn't sell would still be honored with at least 10% in the child or grand child DAC is perfectly legit. Anyone holding AGS on the 28th is made liquid on all future BTS X chains.
In this particular case I will let the market decide and if *you* think it is a good idea then I would recommend promoting it and trying to get community buy in. I will remain neutral on the issue because anything I say can be perceived as 'changing the deal'.