I also think that because of the significant ‘air drop’ nor he neither Bitshares/I3 want this to be perceived as Bitshares are ‘air dropping’ on our coins.
Excellent point. I hadn't considered this.
Yeah but we should want to be perceived that way imo, unless we don't believe in PTS.
What makes BitShares-PTS great is that nothing else does that job. BitShares-PTS serves no other purpose than being a vessel for snapshots. Anybody holding PTS on 21st Aug will specifically want the Namespaces DAC and they would have paid a premium for the priveledge.
People holding other alts are holding them because they like them for other reasons, most won't be particularly interested in the DAC nor have paid a premium to own it. (If they did want Namespaces, they would have bought PTS before the snapshot - if it's properly advertised.) Anyone sharedropped equity on other alts will likely be a seller.
That's why if you want to get a distributed, strong base of supportive shareholders you do a snapshot to PTS. That premise has already taken a hit with the BitSharesX, post-launch sell off, but that was the result of a big (worthwhile) delay from snapshot and no marketing on launch. (Again for good reason they're waiting) but still, it makes BitShares-PTS look to the market, like it didn't do it's job. (The shareholders weren't supportive.)
In this DAC by dropping such a large amount on other coins we're going to be creating a lot of potential selling pressure on launch, given that our launch marketing isn't proven yet, I'm personally predicting another potential post-snapshot drop.
The fact that we share-dropped significantly elsewhere in the first place, makes PTS look slightly negative imo and the fact that the sharedrop could create a sell off, will after the BTSX launch cement the idea incorrectly in the markets mind that BitShares doesn't give a strong supportive shareholder base.
It's unfortunate that I will be pre-snapshot seller, and AGS on launch seller, even though I'll most likely be a long term buyer of the DNS DAC.
(I think large sharedrops to people who aren't specifically wanting to be shareholders is probably a mistake. Again this is just my personal opinion & I hope to be proven wrong and I hope people know that I am a long term supporter of BitShares and am generally very positive about it. )