So help me understand - PTS doesn't have regulatory issues because it was mined, not issued? And in retrospect - AGS might have regulatory issues, because it was directly funded?
I'm asking because from a technical perspective I don't see any issues implementing this. It seems that you guys are avoiding it like a hot potato, but if that's what your lawyers said then I guess it explains the resistance on your part.
Don't get us wrong. As serious AGS holders we would benefit from having them be liquid. But we stated multiple reasons, among which are regulatory considerations.
Watch for Parts 2 and 3 of "Happy Birthday BitShares." You'll get more insights there.
In the mean time, I'll point out that, as a ProtoDAC, XTS will make AGS partly liquid, since all BitShares X variants will be derived from it. Over time, other ProtoDAC families will do the same. See our March Newsletter for detail on the concept of ProtoDAC families and DAC industry sectors.