After failing to communicate the value of his idea the BTS community in his 40+ posts (conservative estimate) spread across two stickied topics, Stan, relentless in his efforts, creates a third topic. This third topic outlines a straightforward list of proposals based on community consensus that eliminates many of the previous complaints from shareholders. A much better attempt, but sorry Stan, im taking marks off since you used space in original post as a soap box to express your opinion on the current proposal. All things considered, third sticky wins by a longshot.

To be blunt Stan, I totally agree with you that many of your posts are straight up convoluted and fail to convey what you are actually trying to communicate. I'm sure ill come off this high horse looking like an asshole but despite your best intentions, many of your posts end up fueling the FUD through confusion. I'm not saying explaining many these concepts is easy... But if it consistently takes you several posts to properly convey your thoughts on a message board, a medium where you have all the time in the world to triple check your statements for clarity... I sincerely suggest letting someone else handle announcements.

Unfortunately this doesn't seem likely, given Bytemaster is busy in the lab (dont worry, he earns an honorable mention in this topic for the classic "GET YOUR BTSX WALLET HERE" troll thread) and the rest of the newly dubbed marketing crew seems to be preoccupied with whatever it is that they do. (They do things, right?)

Unfortunately, Stan then went on to claim that this exciting (but completely unproven) DPOS tech will realize a one-time cash infusion of around 7 figures, but according to the original post, Invictus had apparently already decided that all of this money is theirs to spend on marketing as they saw fit. Again, this original UNCUT PTS2 announcement has since been edited out of existence. Could this retracted marketing fund have been successful? Who knows. All I know is that the feel-good marketing jargon found in the post provided zero insight as to how these solicited funds would actually be used. Hand waving and listing off some DACs does not reassure me in the slightest.

Perhaps if the marketing team had a proven track record, the conversation might have played out differently as well, but as it stands we hardly hear a peep from any of em’ about a damn thing. Did you truly expect that a marketing fund of close to one million dollars would be granted by the community to a team of marketers that have spent the last few months doing what? Vacationing to bitcoin conferences? Oh and they managed to spend 22 grand on a website that lasted all of 4 days. And the only thing they have in the pipeline is what? Another website? And you literally expected the community to be gung-ho, bursting at the seams with suggestions about how the marketing team should spend these funds… UHHHH isn’t figuring that sort of stuff out their job? So Stan, tell me what marketing project you’ve contributed to that have seen a 10x ROI? Sorry, PTS and AGS don’t count. While you’re at it, would you mind telling me what used sales car lot you’re employed at?

SEE POSTS 2+ IF YOU WANNA SKIP STRAIGHT TO THE FIRST DEGREE BURNS

Here's a cliffnotes version for those who may have missed the original PTS to PTS2 announcement threads:

A couple of days ago it was announced that the bitshares dev team is planning on upgrading bitshares PTS after bitshares XT is completed and released

This news was stealth announced in a cryptic topic titled "Rest in Peace, DA" found on the marketing board.  The topic, created by user Stan, intended to deliver great news to #bitsharesbelievers: Invictus is planning to upgrade the PTS network (via a soft-fork) by utilizing the DPOS tech which they have been developing over the past few months. In addition, it was announced that when this upgrade takes place, there will be around ~$1,000,000 of "windfall" money, and that this extra capital would go in a marketing slush fund controlled by Invictus

As I lurked through thread, some users appeared to like the idea. The current PTS PoW algo has some sustainability issues that are alleviated by upgrading to DPOS. Others observed that by allocating the remaining PTS to themselves, Invictus would breach the established social contract.
Stan continued to post in the thread, elaborating upon and holding his original position: investors should like this announcement because Invictus is in the best position to spend the funds wisely and thus maximize shareholder return.

After a total of 3 topics and 300 posts over the last couple of days, the first two topics discussing this issue have been closed, and all posts Stan made referencing the original million dollar marketing fund have been edited out of existence and can no longer be found. The most recent topic demotes the previous PTS DPOS upgrade announcement to a "proposal", and drops any talk of what to do with the left over PTS, instead deferring the decision to (community?) consensus at a later date.

I do not bring up the fact that Stan edited away the original announcement to cast suspicion on him. I do it because the original post Stan made regarding this (now defunct) marketing fund was more than a little half baked, and responsible for a lot of the FUD surrounding the PTS PoW to DPOS transition. Also it serves as a perfect example of how to confuse and alienate your user base.

sounds like a practical solution. cant wait to see dpos in action!

welcome to the forum!

as far as i know, the newsletter is on hiatus for now, or at least no longer a monthly publication. The last one was mailed out in March, here's a link: http://bit.ly/1jBzjh9

Best of luck dom, please drop a line here when it's ready to go!

Also bm I think delulo has a point... That last comment was pretty abrasive and comes off as bitter and resentful, even if it is factually sound


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good read, any speculation as to who might be dumping all of these bonds?