所有的中国朋友来加入我们吧！我们外国的很想国人也能来加入我们，所以选择21点中国时间开始了

 

I disagree.  BTS was never intended to be a store of value or global currency, its an investment.  The bitassets are the product, they are scarce because they track the price of real-world commodities.  Bitassets meets your requirements "(i) fairly distributed, (ii) scarce (non-inflationary), (iii) efficient (DPOS), and (iv) secure."  (you could argue they are inflationary but they're not really because users have to buy them so equivalent value flows into the system).

Wow that is some vision!  And this is awesome sales copy (among other things), good stuff 

These incentives combine to form a system where every new employee added to the company, DO NOT have diminishing marginal returns due to an increasing lack of information.

There is a limited amount of time stakeholders have to perform research on delegates as it will take a lot of time to read all the stuff they transparently reveal about their work and keeping up with the discussion among stakeholders about delegates could easily become a full time job for those with large enough stake to make it worth their time.

How efficiently this discussion + research takes place will be crucial.  Some kind of social platform will be needed for delegates to showcase their work and propose plans for fund spending.  This forum may become over run soon, we'll need a more advanced platform where individual comments can be voted up reddit style to help sort though the junk (maybe it should require a small stake to do an upvote/downvote).

Anyway I like this kind of thinking, it's good to have a long term vision for BTS. 

@CossCrypto, interesting.  Care to draw a prediction of what will happen in the immediate term?

Someone in the chat on bter a few days ago said they saw an order 750BTC appear and immediately disappear.

Music DAC is staying independent. 

He said the merger should be complete by the end of November.

Quote from: Riverhead on October 23, 2014, 01:51:43 pm

Quote from: Mars.Walker on October 23, 2014, 01:28:42 pm

But I do understand the people who object.
We have to acknowledge the wound in order to heal.

Agreed. After reading your post about how many of the Chinese only held PTS/AGS I can understand their pain. However keep in mind the following:

While the company formally known as I3 has honored the social contract twice (once for BTSX and again for BTS) they most likely won't in the future as they will all be working for the BitShares DAC and not releasing new DACs.

There is no reason other third party DAC creators (like Music) can't honor the social contract of PTS though likely they won't need to because...

If you hold PTS/AGS you are in the genesis block of BTS. Any DAC that forks BitShares Toolkit is also going to have those PTS/AGS in their genesis block if they decide to do a BTS snapshot (and I don't see why they wouldn't). Am I misunderstanding that?

To AGSer,it's not a really big deal,just the percentage seems to be smaller than 10% social consensus.
But to PTSer , it's not only about the number,it's about the liquidity ......

As to third party DAC,if AGS fund is not going to fund third party,then I don't think any third party DAC would honer  AGS and PTS.

Like I said , people are mad for a reason,it would be foolish to think they are foolish.
Unless you can convince them it would be a better deal , which I don't think anyone here can say they're sure the stake they got in BTS is going to outweigh the percentage and liquidity they've lost.

It's totally reasonable for people believed in something they already have.
Just like some of the Bitcoiners,if you want to sell them BTSX in exchange for BTC,they would laught at you..

Do they understand that without the merger they would have may have ended up with a stake in a bunch of under-funded DACs competing for a limited pool of developers and with competing bitassets?  That's not a recipe for success, like 1000 bottle rockets will never have enough thrust to get into orbit, but if you can combine their thrust it can do it.  Once the a new all time high is reached I'm sure any doubters will be happy to become fans again.  It seems they don't understand this move rescues them.  Now we have a well funded DAC with a strong strong leadership team and little competition, and the foundation for a true decentralisation with stakeholder voting on dev funding.  They are getting more control than before.  Do they understand they will be able to vote with their stake on dev + marketing funds?  Seems like these arguments aren't getting across to them.  I could be mistaken as I can only read the google translation of the Chinese talk, but there seems to be hardly anyone arguing the positive side of this.  Whereas here there are tons of converts.

Edit:  I know it's not a black and white issue and maybe there is a higher proportion of PTS+AGS investors there than here, still, it would help to have a full time translator to translate all the discussions.

^Interesting..