Quote from: Graffenwalder on May 21, 2014, 05:18:49 am

Quote from: Stan on May 21, 2014, 04:58:36 am

All DACs have snapshots that honor something.
Upgrade DACs honor their predecessor.
New DACs honor their industry parent which honor PTS/AGS.
If a DAC is the first in a new industry, it honors PTS/AGS directly, just like XT did on February 28.

When an upgrade occurs it can be done either by hard fork if there is delegate consensus or as an alternative chain if not. 

When an alternative chain is offered, everybody gets shares in both via the snapshot mechanism.  As long as there are users for both, they can co-exist like Coke Classic and New Coke a few decades ago.  The expectation is that one or the other of the products will win and the other will fade to zero - but that is up to the market to decide.

Been sitting quietly on the sidelines watching this forum everyday. Recently there was a thread: Today I loose confidence in I3. I thought come on guys, just be patient some great products will come. And so far your logic always made sense.

But the coexistence of PTS and PTS2 just seems like a quick money scheme, the fact that you're considering to do this even before the AGS funding is over, makes me think you're having funding problems. Another million would be enough for now, but what will you come up with, when those funds have dried up?

For investors your making the deal more complicated than it already is, now they have to choose between holding PTS and PTS2, because DAC's can choose to honor either one

PTS will drop from the top 10 coin market list, because it has effectively lost half it's value.

Sorry to be cynical, I still believe in I3, but this just doesn't make any sense.

No money problems.  Our books are open for inspection.

We need to upgrade PTS because people have been complaining about how slow it is.

The logical upgrade that solves everything is DPOS.

DPOS frees up 300,000 that would have been needed to pay miners.

What do to with them is the question.

Not mining them (i.e. burning them) would give a 15% one time windfall to PTS holders even though it was AGS donations that made the DPOS breakthrough possible.

We think those savings from that R&D should be used to benefit everyone in our industry.

By calling attention to PTS and all the things its good for, we generate demand that we hope will grow the value of PTS and its children and therefore of AGS far more than any other plan we have heard.

PTS will climb on coinmarketcap as others learn what it is good for.  Other BitShares DACs will appear there too as the promotions generates demand for them.

Demand for increased marketing effort (and the desire by this community to be seen as generous) has been all over this forum for months.

We listened.

We came up with a plan that  would do all of the above.

We offer it as an alternative you can choose or reject.

Quote from: CLains on March 12, 2014, 06:51:44 pm

Yes.

There are also valid reasons one could say "no:"

Can the gold bar in your basement be unexpectedly replaced (without your consent) with an equivalent number of XTS?
Can market forces ever decide that the gold bar in your basement isn't worth its weight in gold?
Can you use the BitGLD in your wallet to purchase something in the event of a large-scale power blackout?

Everything depends on what you're looking for in gold and/or BitGLD. BitGLD has many many advantages over physical gold in terms of liquidity, fungibility, portability, etc., but when it comes down to brass tacks, it is not backed by physical gold. It is backed by a promise from the BitShares X network to pay a the market value of BitGLD in XTS. If, for whatever reason (whether it be the network is maliciously attacked, or something severe happens to weaken speculators' confidence), the network stops honoring its promise, BitGLD will go the way of MtGox's Bitcoins.

If you want to take advantage of the long-term value stability (i.e., over decades) of physical gold, then BitGLD is absolutely worse than physical gold. If you want to use gold as a medium for exchange, then BitGLD is the thing for you.