Poll

What do you think they should do

Commit to not selling until the market is deeper
17 (42.5%)
Have no controls on their activities
11 (27.5%)
Have a maturation period where AGS becomes "ripe" for them to sell
6 (15%)
HODL!1
6 (15%)

Total Members Voted: 36

Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?  (Read 1353 times)

0 Members and 1 Guest are viewing this topic.

Offline AdamBLevine

  • Sr. Member
  • ****
  • Posts: 492
    • View Profile
    • Let's Talk Bitcoin!

If I'm not mistaken Invictus has the largest single and composite holdings between their members and AGS, is there any policy on holding? selling? any sort of restrictions or disclosures you intend to make or require?

Am I right in thinking you control more than 40% of the total supply?
Email me at [email protected]

Offline Empirical1

  • Hero Member
  • *****
  • Posts: 884
    • View Profile
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #1 on: July 31, 2014, 03:06:36 PM »
Am I right in thinking you control more than 40% of the total supply?

What specific information makes you think they control more than 40%? 

Offline AdamBLevine

  • Sr. Member
  • ****
  • Posts: 492
    • View Profile
    • Let's Talk Bitcoin!
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #2 on: July 31, 2014, 03:18:01 PM »
Because they have been accepting PTS for AGS and buying AGS with their own funds since day one.  Their employees are not only paid in PTS but are known to reinvest them in AGS.

The token is their primary monetization, I don't have specific information but doing some calculations in my head I think that's the ballpark, which is why I'm asking.
Email me at [email protected]

Offline testz

Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #3 on: July 31, 2014, 03:27:43 PM »
If I'm not mistaken Invictus has the largest single and composite holdings between their members and AGS, is there any policy on holding? selling? any sort of restrictions or disclosures you intend to make or require?

As I know Invictus commit to invest funds to development, I think they smart enough to do it with maximum profit for future developments.

http://bitshares.org/resources/ags-pts/
"The BitShares AGS Campaign has ended.
No further donation competitions remain.
It has been an amazing success raising over 5600 BTC and 415,000 PTS to fund development of the industry.
We thank all who have participated.  Now you will immediately begin to see the results.
The following AGS information is left here for historical reference only."

Offline Simeon II

  • Sr. Member
  • ****
  • Posts: 356
    • View Profile
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #4 on: July 31, 2014, 04:35:31 PM »
1.We need a minus button on this forum... as in '-'5

2.Being on the subject, what is the policy of Bitcoin regarding selling BTC? AS we all know 100% of BTC are or once where owned by the company or its employees –the miners.
????

Offline toast

Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #5 on: July 31, 2014, 05:02:15 PM »
Because they have been accepting PTS for AGS and buying AGS with their own funds since day one.  Their employees are not only paid in PTS but are known to reinvest them in AGS.

The token is their primary monetization, I don't have specific information but doing some calculations in my head I think that's the ballpark, which is why I'm asking.

Don't make it sound like my own AGS are somehow I3's - same goes for anyone else getting paid by I3. My *personal* policy will be, "whatever I feel like".

As far as I understand I3 does not own any AGS, only PTS, and so the only BTSX they own is from the ~250k PTS, or about 10%.

I voted "Commit to not selling until the market is deeper".
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline Empirical1

  • Hero Member
  • *****
  • Posts: 884
    • View Profile
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #6 on: July 31, 2014, 05:19:54 PM »
Am I right in thinking you control more than 40% of the total supply?

What specific information makes you think they control more than 40%?

Because they have been accepting PTS for AGS and buying AGS with their own funds since day one.  Their employees are not only paid in PTS but are known to reinvest them in AGS.

The token is their primary monetization, I don't have specific information but doing some calculations in my head I think that's the ballpark, which is why I'm asking.

OK, so you haven't looked at the PTS & BTC transaction logs from AGS?

https://docs.google.com/spreadsheet/ccc?key=0AqTwk-e7yzJydFZ3bVVWT0o1OUwzXzdESHFBY0FkUWc&usp=sharing#gid=0
https://docs.google.com/spreadsheet/ccc?key=0AqTwk-e7yzJydDFnQmlkTVlkbWpubnJBbzR2UG5ucnc&usp=sharing#gid=0

You can see very little funds were taken from AGS through PTS & BTC during the time BTSX was allocated. (Up till 28/02/2014) 

Obviously anybody can do what they want with their payments and I really hope they invested them back in AGS but the amount they can own via that process you are suggesting seems incredibly limited unless I'm missing something.

My personal concern is that some of the talented developers might not have enough equity. (Even taking into account the 10% Toast references above.)
« Last Edit: July 31, 2014, 06:05:46 PM by Empirical1 »

Offline tonyk

  • Hero Member
  • *****
  • Posts: 3309
    • View Profile
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #7 on: July 31, 2014, 05:30:10 PM »

My personal concern is that some of the talented developers might not have enough equity.

Adam's biggest concern on the other hand is that he is not being paid enough, for all the baseless accusations and made up arguments against I3 he can come up with...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Online Shentist

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1605
    • View Profile
    • metaexchange
  • BTS: shentist
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #8 on: July 31, 2014, 06:00:27 PM »
sry adam, this time you failed.

40% for invictus is much to high and to include the personal investment is not right.

at the time of the snapshot they holded about 10-15% of the pts supply and should now hold about of 7- 10 % of the total btsx supply.

if this post would be from a person from I3 you would shout "prove it and don't throw numbers without facts around" so please make the good question in a good way

1. how much btsx holds I3 now?
2. what are the plans in the next 12 months for this holdings?
3. will the community have a say, what to do with the funds?

Offline jae208

  • Hero Member
  • *****
  • Posts: 525
    • View Profile
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #9 on: July 31, 2014, 06:26:26 PM »
What I thought was that PTS and BTC that was donated was for the development of the industry. I didn't think their share of BitsharesX was also for that though.

Is BitsharesX funds really for development of industry or just profit for them? I'm not talking about the funds that were paid to I3 employees but those that are still in control of I3 exclusively. 
Frankly I'm fine with it being profit just would like clarification.

http://bitsharestutorials.com A work in progress
Subscribe to the Youtube Channel
https://www.youtube.com/user/BitsharesTutorials

Offline liondani

Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #10 on: July 31, 2014, 06:36:02 PM »
nice try!  I bet you still want to buy BTSX @ 0.00001 BTC.  Well...  good luck with that!
  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline Simeon II

  • Sr. Member
  • ****
  • Posts: 356
    • View Profile
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #11 on: July 31, 2014, 06:40:29 PM »
What I thought was that PTS and BTC that was donated was for the development of the industry. I didn't think their share of BitsharesX was also for that though.

Is BitsharesX funds really for development of industry or just profit for them? I'm not talking about the funds that were paid to I3 employees but those that are still in control of I3 exclusively. 
Frankly I'm fine with it being profit just would like clarification.

So you have not read Stan’s posts about the golden eggs that hatched producing new DACs? And how said DACs  grow up and lay golden eggs of their own?

Offline gamey

  • Hero Member
  • *****
  • Posts: 2253
    • View Profile
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #12 on: July 31, 2014, 06:45:42 PM »
What I thought was that PTS and BTC that was donated was for the development of the industry. I didn't think their share of BitsharesX was also for that though.

Is BitsharesX funds really for development of industry or just profit for them? I'm not talking about the funds that were paid to I3 employees but those that are still in control of I3 exclusively. 
Frankly I'm fine with it being profit just would like clarification.

I have no say so or insider knowledge, but I am pretty sure it is all meant to further develop bitshares.  Right now that means Bitshares X.  If Bitshares X takes off, then that means more funds to further development.  I think DanNStan are having more fun working on this than dreaming about $$.  If it works out, there will be plenty of opportunities for them in the future.  (Not to say that it hasn't been stressful for Dan in the past...)

Thats why this is so damn fun to be involved with.  Bitshares  transcends the typical money motivation, but there will be opportunities for that too.
I speak for myself and only myself.

Offline Simeon II

  • Sr. Member
  • ****
  • Posts: 356
    • View Profile
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #13 on: July 31, 2014, 06:47:10 PM »
nice try!  I bet you still want to buy BTSX @ 0.00001 BTC.  Well...  good luck with that!

Come ooooon, dani.

He is having a dog party of his own, he does not need no BTSXs.

Offline sfinder

  • Hero Member
  • *****
  • Posts: 1205
  • 4 Cores CPU+100GB SSD+anti-DDoS Pro
    • View Profile
Re: What is Invictus's Policy on Selling their AGS BTSx in first 6-12mo?
« Reply #14 on: July 31, 2014, 06:47:51 PM »
100%agree with you. bm and stan both gained very good reputation in Chinese community. They are honest and smart. Our community trust them more than mr li and B.shen.

Because they have been accepting PTS for AGS and buying AGS with their own funds since day one.  Their employees are not only paid in PTS but are known to reinvest them in AGS.

The token is their primary monetization, I don't have specific information but doing some calculations in my head I think that's the ballpark, which is why I'm asking.

Don't make it sound like my own AGS are somehow I3's - same goes for anyone else getting paid by I3. My *personal* policy will be, "whatever I feel like".

As far as I understand I3 does not own any AGS, only PTS, and so the only BTSX they own is from the ~250k PTS, or about 10%.

I voted "Commit to not selling until the market is deeper".
微博:星在飘我在找|BTS X 受托人delegate ID:baidu
中国教育书店合作将20%收入捐献给贫困山区学生。
Cooperating with China Education Bookstore and will donate 20% of delegate income to the poor students

 

Google+