Friends, the PTS price has been dropping rapidly for the last few weeks. Dan has indicated that the maintenance and decisions related to PTS are no longer the responsibility of Invictus. The user "testz" has been tasked with maintaining PTS in accordance with the community's consensus. I created this poll with 3 options, but as we all know there are really only two paths forward. The current PTS chain is insecure and inefficient due to a low hashrate, high inflation, and other problems (difficulty adjustment, etc).
We need to decide how and when to proceed with an upgrade. Please vote and comment to indicate your preference as well as your preferred timing of the upgrade. I personally believe that PTS should be upgraded IMMEDIATELY as a standalone DPOS chain and should NOT be a user-issued asset in BTSX and here is why:
BTSX is essentially the first DAC. There are very ambitious features of the BTSX DAC that could fail spectacularly, independent of DPOS (pegged assets, for example). PTS should not be subject to the volatility and risk introduced by these features or future features that may be implemented by BTSX. PTS should be independent, both in price, volatility, and features from the DACs that are born from it. It should be the Switzerland of DACs, agnostic and separate from even the market perceptions of a DAC and its features. This way it ends up representing a more distributed and non-biased segment of investors who are not for or against any particular feature of any particular DAC, but who believe in the underlying protocol as a foundation (DPOS).
With respect to the timing of the upgrade, I believe it should be done urgently and immediately to prevent a further decline in the price and investor confidence in PTS. The upgrade should be seamless and relatively frictionless now that the large exchanges have implemented BTSX (implementation of any DPOS wallet is essentially the same). An advanced announcement of the exact block of the snapshot for the upgrade should be sufficient. If it is agreed, we will need people to reach out to cryptsy, bter and other exchanges to coordinate the timing.
With Invictus shifting their focus away from PTS, it is up to the community to make this happen and to stop the bleeding in PTS. Whatever your opinion, please make it known or nothing will change.