Early adopters? You have seen nothing yet!
In a surprising twist of events they will get all their PTS back! Just watch!
Yes.
It is ridiculous for any early AGS/PTS adopters to complain in any way about the events that have occurred. They made out so well in the deal, and yet they still bitch about 'the loss of the social contract'.
At this point, what we need is for BTS to go back up, so that everyone will be making money again and we can get past the hurt feelings.
I don't think you can say early adopters gained so much when everyone posting here is still an early adopter. What exactly was gained when the only successful DAC so far is Bitshares X?
Bitshares PLAY isn't released yet. Bitshares VOTE isn't released yet. Bitshares DNS/KeyID and all these other DACs haven't proven themselves yet. So at this point everyone here is taking a lot of risk without any guarantee of success.
You could say people who donated AGS has got an equal amount of value back but it's not like it just happened overnight either. It took almost a year in time to go from where it was to where it is now. You have to factor in opportunity cost as people held AGS which in my opinion had to be quite high.
I think while it is important to satisfy the new comers I don't think it should be at the expense of the people who were a part of the community class of 2013. I think the conflict comes when you benefit the present class at the expense of the previous class. While you do need to offer enough incentive to the present class to get them to give the same or even better effort than the community class of 2013 I also think you should make sure the community class of 2013 has a sense that they will be okay.
The current price volatility and downward pressure is the main reason there are these sorts of conflicts. It's also a problem because all the DACs you talk about which got funded by AGS aren't actually being released yet. If Bitshares PLAY were released and AGS patrons were made whole then I don't think there would be any complaining but because it's not released and the numbers keep changing this presents the wrong sort of uncertainty.
I would say put a little bit more into PTS/AGS. Maybe take 10% from BTS so that BTS is 25% and take the 10% in reserve and give that to PTS/AGS.
PTS/AGS should be 20% each. No reserve and 25% for BTS. I think those changes would make everyone feel a bit more secure and happy. I think mainly because there isn't a reason to have a reserve which has not been justified. BTS can be justified as being worth more than PTS though so I can understand giving 25% to BTS.
I agree that it should be more. I don't see why BTS should get 35% as that seems ridiculous. I think PTS and AGS should get 20%.
What is the point of 10% reserve? Reserve for what?
Agreed. IMHO, PTS/AGS 15% and BTS 20% seems more fair.
Negotiable but I think because of the risks of the 2013 community being so high (what was the price of Bitcoin when people invested in 2013 compared to people donating now?) there should be some recognition of the risk and the fact that frankly people who had to donate way back then had to wait for many months to get to this point while people who donate today already know Bitshares X is able to work so they don't take the same risk.
Importance shouldn't just be about risk but the amount of risk taken can allow you to measure the commitment. If someone for example donates during a crowd sale then of course they'll be taking less risk now that Bitshares toolkit is written, and Bitshares X is proven. I do think rewarding BTS makes sense when compared to rewarding PTS because a lot of PTS may have been centralized around a small group of elite miners in the end.
The majority of the people who mined PTS will probably be the ones who sell BTS and also if you're intending to help the BTS price rise you would want a more universal distribution of shares across a large population. This means it is better if everyone has a smaller stake than if a few people have very large stakes in terms of volatility and I believe the Gini coefficient is how you can measure that. You want the statistics to look right early on at the foundation so everyone is equally motivated to push the DAC to be a success and it's very difficult to do this when you have PTSers who might have mined in order to pump and dump all DACs.
Reference
https://en.wikipedia.org/wiki/Gini_coefficienthttps://en.wikipedia.org/wiki/Opportunity_cost