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BitShares PTS / Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« on: December 09, 2014, 02:29:37 am »I mentioned in the dry run thread but this place is appropriate.
Since you are using the BTS toolkit to make your DPoS PTS, you should honour the social consensus and award at least 10% to AGS. If you don't you are starting off by breaking it itself and setting an example.
Couldn't agree with you more! This is a new coin, new people running it, new code (ulitmately it won't even be called Bitshares PTS) AND they used the BTS toolkit to make it, therefore they should honor the social consensus and give AGS 10%.
"new coin" - Nope, simply a badly needed upgrade to the protocol. The current PoW chain is practically dead and the upgrade will not modify the allocation in any form. If AGS holders decided to create a DPoS chain, would we then insist that they also sharedrop PTS? Of course not. Both PTS and AGS are benefactors of DPoS and neither is a "future DAC". The social consensus would be violated if we transferred ownership of AGS to PTS or vice versa. They represent different demographics and are equal and separate prongs of the social consensus.
"new people" - I3 transferred custodianship of PTS long, long ago and this is completely irrelevant to the discussion.
Lastly, there is no name change yet. After the upgrade the community will decide the path to take on rebranding. It is necessary to prevent confusion between PTS and BTS and I believe would be performed even if we had a healthy PTS chain and no upgrade were necessary.