Here's what we have said:Thanks for that clarification.
We can't stop someone from releasing a proto-coin that maps to AGS and we can't stop the market from honoring that proto-coin instead of AGS if it chooses. We couldn't initiate or support that ourselves without altering the value proposition on which people have been relying. Possible exception discussed but not acted upon: is there a way to give PTS holders a matching benefit to maintain the value proposition?
But we have also suggested that honoring a proto-family that has already honored AGS is equivalent because the AGS holders started out with shares in that family and will still have them unless they sold those rights to someone else.
Thus, the natural, gradual process of liquefaction is when new proto-coin families of DACs spin off. BitShares X effectively liquified its portion of AGS for holders on February 28th since they can sell their stake in future DACs in that family. If BitShares Lotto winds up serving as the prototype for a family of honorable gaming DACs then more of AGS would essentially become liquid at that time. So eventually AGS could become mostly liquid through the sum of all proto-coin children it spawns.
If the industry eventually agrees that all the major market sectors had been spanned by previous proto-coin family spin-offs, perhaps it would make sense to just define a "Miscellaneous" family that would effectively liquify everything else at that time. Perhaps someday someone will.
But by then, will anybody really care?
As far as "uncertainty about AGS", the only uncertainty is whether or when it might incrementally become more liquid - which should hardly be a deterrent. :)
Its like saying I can't trade my property with someone else. Of course I can.
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I think that's a good analogy to the current situation.Its like saying I can't trade my property with someone else. Of course I can.
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If I sell you my house, you can change the locks.
If I sell you my AGS donation keys, you can't prove I don't still have a copy of the keys. In essence, you can't change the locks.
I think that's a good analogy to the current situation.Its like saying I can't trade my property with someone else. Of course I can.
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If I sell you my house, you can change the locks.
If I sell you my AGS donation keys, you can't prove I don't still have a copy of the keys. In essence, you can't change the locks.
However, as a personal "holder" of AGS (not as an Invictus employee), my feeling is that recognition of AGS will inevitably move to a liquid form, just given the entrepreneurial nature of our community. I suspect this will happen not long after the AGS donation phase is completed. Bear in my mine, this is just my personal opinion (and desire, since I feel it will raise the value of AGS).
I think that's a good analogy to the current situation.Its like saying I can't trade my property with someone else. Of course I can.
Sent using Tapatalk
If I sell you my house, you can change the locks.
If I sell you my AGS donation keys, you can't prove I don't still have a copy of the keys. In essence, you can't change the locks.
However, as a personal "holder" of AGS (not as an Invictus employee), my feeling is that recognition of AGS will inevitably move to a liquid form, just given the entrepreneurial nature of our community. I suspect this will happen not long after the AGS donation phase is completed. Bear in my mine, this is just my personal opinion (and desire, since I feel it will raise the value of AGS).
+5% +5% +5% agreed, "necessity is the mother of invention". AGS and the greater community are best served with liquidity. I can't imagine a creative safe transfer of AGS is far off.
I saw that bytemaster considered makes AGS liquid. Can we have more precise informations about that (yes/no/maybe[which probability], when) so we can make better investment decisions?
I don't care much about liquidity, but is there a way to make an AGS wallet so I can extract all the AGS out of my Electrum and PTS wallet? For my own peace of mind, I would like to be able to see my AGS.
I don't care much about liquidity, but is there a way to make an AGS wallet so I can extract all the AGS out of my Electrum and PTS wallet? For my own peace of mind, I would like to be able to see my AGS.
AGS is going for some 0.0036 BTC these days. That's almost a third of PTS market price and doesn't make much sense with just the liquidity argument. I think PTS is overpriced due to the limited supply - mined PTS hitting the market are very small due to the high difficulty, while a lot of PTS has been sucked from the market due to AGS donation.