Tell me the tangible benefits to this issue and then tell me what assurances NIG has that PTS holders will not repeat the massive dumping that was done on MMC. Too many units existed in the beginning, that resulted in dumping. Bitshares X is funded by PTS which has a steady value and BTC, so you cannot seriously try to use it as an example.
"Rome wasn't built in a day"
Just want to let you know I have been trying to get into talks with MMC's people to interview them and have a sit-down, two, three with the community. I will like to attempt this with every new "DAC" that honors the social consensus in some way so I can help to grow the community and build a channel to help bridge the gap between Crypto-Devs and the Community. It would be nice to help Devs get face-time with (potential) community members so they can gain a higher level of trust among the entire crypto-network.
At first, ONE crypto-equity is going to rise above the pack. BitShares has the potential if this social consensus is adhered to, or some other (NoirShares?). I do not care which one, but I know one thing...it will not have a divided group of Devs trying to pull the social consensus in multiple directions will fragment movement in ANY helpful direction.
As I see it, BitCoin largely grew because of Litecoin helping to open up a user-base who didn't yet understand the tech (and were not first adopters) to become "second adopters". This broadens the user base and opens it up to more people. So with that said, I am all for honest competition between Crypto Equities, but see the need for social-consensus-honoring services as well. Using NoirBits as a means for purchasing NoirShares is similar to PTS funding model, but this is open source soooo if you are writing the code but just using the funding model then sure...
Regardless, with NoirShares, I am starting to read that it does not use Invictus Code and as such is not expecting support from our community. As such, I say go for it Barwizi. It is a big loss to the community to see you with your efforts put elsewhere and I will be sad to see you go, but it is what it is and a project like NoirShares will be a full-time job.
With all this said, however, I am beginning to wonder if certain other platforms with so much BitCoin momentum are not going to blow all these fragmented attempts at crypto-equities away. Remember this, they have many hardcore BTC Devs behind them and are riding on the coat-tails of that to keep hype up for their product. I really do not know how any other crypto-equities are going to stand a chance without a pooling of community-members to create a similar project to what is occurring with them. One crypto-equity will hold a competition to get the best algorithm from some of the brightest minds, and will likely hire all of them afterwards. THIS IS HOW you get Devs to sign-on for the long haul. They need to believe that if they do not, their chances are far worse for succeeding.
Sincerely hope the people from both Invictus and NoirShares are listening on the last point.
(P.S. If you are looking for utility, give PTS holders the NoirShares, but create an "AngelShares Noir" fund where PTS/BTC/NoirBits are all accepted...this way miners know that at least a portion of the shares they mine will have a higher chance of becoming valuable and will not be subject to quick sell-off--i.e. devaluation. Invictus' model was an attempt to help set a standard so there were not 1000 pump-and-dump altcoins like BitCoin had. Though miners love it and get rich quick, it doesn't help society or the community--and worse incentivizes the public to BEG for regulation in the "mining" industry)
Regardless, with NoirShares, I am starting to read that it does not use Invictus Code and as such is not expecting support from our community. As such, I say go for it Barwizi. It is a big loss to the community to see you with your efforts put elsewhere and I will be sad to see you go, but it is what it is and a project like NoirShares will be a full-time job.
With all this said, however, I am beginning to wonder if certain other platforms with so much BitCoin momentum are not going to blow all these fragmented attempts at crypto-equities away. Remember this, they have many hardcore BTC Devs behind them and are riding on the coat-tails of that to keep hype up for their product. I really do not know how any other crypto-equities are going to stand a chance without a pooling of community-members to create a similar project to what is occurring with them. One crypto-equity will hold a competition to get the best algorithm from some of the brightest minds, and will likely hire all of them afterwards. THIS IS HOW you get Devs to sign-on for the long haul. They need to believe that if they do not, their chances are far worse for succeeding.
Sincerely hope the people from both Invictus and NoirShares are listening on the last point.
Though some of my attention is now divided, i still am an active member of PTS community and III knows i am not going anywhere. My discoveries, ideas and innovations are for the group as a whole, they may be snubbing us here but we are still a part of this. Some have as much as 5000 PTS that was bought in anticipation of BTSX, my own PTS holdings are nothing to scoff at either. It should be noted that after i created the PoS/PoW Momentum code, i made it available to bytemaster. All my work will be shared with III without exception, if we can deal with our differences, i believe we can start attacking some of the issues that we will face.
NIG is not in a hurry, as proven by my not opening investment options before all the structures are in place. The Noir Fund is already being tested but there are some security concerns that i want to deal with first before making it public. As it is meant to promote decentralization, some areas need ingenuity and innovation. for me it's easier coded than said.
With regard to factionalism, it does not exist. We may have brought in many new players, but quite a sizeable chunk of shares are in the hands of PTS holders already. And after a while when things pick up, there will be a lot of cross-investing as some of the ideas from both parties will work hand in hand.