I am agreeing with the above. The airdrop may just cause a sell-off of the 20% reducing the price for AGS/PTS holders. Or Namecoin users may take an interest when it appreciates. So they would be getting some free utility to sell or keep (but theres no add of early adopters).
There also may be a lot of namecoin on exchanges (think mt.gox) so the exchanges will be collecting a good portion of BitsharesDNS and they will most likely sell it (as they are not in the business of speculating).
We could say we will educate the Namecoin market about the snapshot. But if we spending time/money educating the market about bitsharesDNS, why still give away free shares.
I dont think giving away 20% will produce added value of more than 20% making this a bad investment. The dev funding is coming from PTS/AGS holders and dev allocated bitsharesDNS future shares. The people paying for the DAC, giving up their time and speculating on the future of the DAC industry should be rewarded.
I see the point of doing a Namecoin airdrop, however there are disadvantages and we would need to work out the value added which needs to be slightly greater than the % given away.
I agree with the above quote. I think that giving away 20% to Namecoin will be a bad move.
If you don't already own NMC it will still be cheaper to buy AGS or PTS.
If you DO already own NMC then we are betting that giving you free stuff will cause you to educate yourself and then hold your nameshares.
I don't think I agree with the above.
.bit and .p2p may serve the same purposes but should be seen as 2 different competing companies. The big majority of NMC holders are believers of .bit and want it to succeed. By giving them free shares they most likely sell them causing the nameshare price to drop so they can get more NMCs. Some may be convinced that .p2p has more potential but I don't think many of them will do in the beginning. In the end of the day all the cryptocommunities know how to evaluate their investments and where to look around if there is something of interest. As part of marketing within the cryptocommunities, each one of us can promote our DACs to their forums, to our country bitcoin communities etc..The difficult part is to expand outside the existing crypto communities and educate people about your product.
In the old days giving free BTCs when nothing else existed was a good strategy to promote BTCs. Giving away BTCs now to crypto investors will most likely result to sell these free BTCs rather than convince them to buy more. Things are not the same and strategies should change...Giving away small amounts of BTCs to people who don't know what BTC is and educate them how to use it is the way (i.e MIT students. They give them some BTCs but it will be explained to them how to use them and what they can do with these. BTC is then targeting new markets who would otherwise may have not been interested in BTCs )
Having said that I believe that free airdrops should not amount more than 5%-10%. And not only that but I would think that it should be an agreement whereby we give to NMC holders x% portion of nameshares for free so they can try it and in return maybe they give us back a smaller portion of NMCs so we can try that as well. We will have the option if they do sell their nameshares to get more NMCs, we will also have the option to sell our free NMCs to get more Nameshares...
In addition, any airdrop to other communities should have limits to claim and sell their free shares and if these shares are not claimed I would say that it would be more fair to be redistributed to AGS shareholders whereby they gave away their liquidity.
Finally, I am not sure I understand why 10% should be kept from the developers.This is too technical for me so my reasoning here could be completely wrong but I would like to know what the 10% kept by the devs would help for. This might cause comments like a premined coin where the devs are keeping 10% which they may dump in the market whenever the DAC is profitable...As far as I understand once the code is released the DAC starts working. If someone wants to improve the code or make something else he could do so and allocate shares to whichever community he likes. It is up to us believing in .p2p success not to allow this, by upgrading this code and promote .p2p to everyone else.
All in all my opinion would be 45% PTS, 45% AGS and 10% for airdrops, marketing etc..Same would apply to all other DACs (maybe favor AGS more vs. PTS since I don't have many PTS anymore
)
By all means I don't want to offend the devs or anyone else...