Money has to come from somewhere. If people want the thing to be a success then the money needs to be taken out of btsx fund.
To be a success and appeal to the young demographic then this thing really needs to be slick. So there needs to be software close to iTunes or we need to luck across the next Justin Bieber. I dunno.. How do all these things go together ? Development is not cheap. It requires expensive labor. It is also not easy. There are great differences in the abilities of developers, it can be easy to hire a dud which is only revealed after a few weeks of training etc.
i agree - to build something you need money. but was that not clear from the beginning?
in the beginning eddi and cob announced a 50/50 split
i have no problem if they would just post something to explain the changes and do it fair! Delution to raise money is ok!
BUT
10% of all Notes are going to the holders of BitShares PTS.
10% to those that donated to the BitShares AGS address.
45% to those that purchase Notes in our Pre-Sale
5% to our development team (Bitsapphire)
5% to the founders
25% to the PeerTracks corporation
if the delution would be fair the % of (eddi and cobs) side would be honor their first announcement and delute equal
so in my opinion the split should be
A)
15% PTS
15% AGS
==30%
25% PeerTracks
5% founders
== 30%
5% bitsapphire
35% Pre-Sale
if you want to give 45% to Pre- Sales it should split
12.5% PTS
12.5% AGS
==25%
20.83% PeerTracks
4.17% founder
==25%
5% bitsapphire
45% Pre-Sales
in my opinion both splits are fair and i hope you will consider the split or explain why you wouldn't stay to your own words. you want to get a successful start and need supporter from this community.