Perhaps unfair is the wrong word. To me, it just seems that honoring the Angel Address undermines the whole point of donating in exchange for AngelShares.
It concerns me that Invictus has said the BTSX funds from this allocation 'would not be touched'. Does that mean indefinitely? Or until they feel like it? If they are to stand by that word, they may as well burn the shares.
I am all for funding development, that is the point of AngelShares. I also understand that this was to be expected, as this is simply a logical result of how the system works. To me, it just seems much simpler for investors to make intelligent informed decisions with their funds without the complexity overhead that honoring the Angel Address adds. The whole AngelShares funding concept isn't the simplest thing to wrap your head around, and this adds deep complexity to the system. I don't think most people factored in this dilution of their share allocation when donating.