Imo some of the "Bountiful Bounties" are set far to high with tasks that take a good programmer some hours of work and that will earn him bounties like "100PTS". So either these bounties are overvalued, or PTS are highly undervalued as payment for bounties. This is surely also contributing to falling PTS/BTC value (and buy volume). On some of the last days where the "Trading Volume" was around 40.000$ in 24h, 6-10% of the whole PTS trading volume was ME spending all my BTC in PTS on Cryptsy lol. I just did not want to let the price fall under 0.017 BTC ...and I failed, it's at 0.0168 now.
I would review some of the bounties and lower the reward...
I agree that PTS is undervalued when you look at the bounties being provided. When you are paying in PTS not only you are giving them away at 0.017BTC a pop, you are also giving away all the future shares.
I would prefer bounties to be paid out in BTC coz we all beleive that PTS will rise against BTC. Also, more PTS with I3 would mean more BTS available for funding future projects (though personally I would prefer if the BTS generated from Angel PTS were distributed amongst PTS holders).
Here is an arguments for paying bounties in PTS: The bounty winner will keep some of the PTS which makes him a promoter of this project.
Yes thats right, some people will sell the PTS for BTC but some people will keep it and most will keep some so it turns mercenary developers into stakeholders, which is very good.
If 3i don't stop BTC investment of Angelshares. The PTS price will be going down gradually. I don't think allowing BTC investment is a good idea for PTS holders. 3I shoud stop BTC investment right now and only allow PTS investemnt to protect PTS value. Think the aim and value of PTS is that it can obtain BTS, now you can get more BTS using BTC, why should you need PTS?
The market is efficient, if Invictus had to sell the PTS we raised to fund operations then what do you think the value of PTS would be today had 50 BTC worth of selling occurred every day?
Are you selling BTC to fund operations?
Since you have a good pipeline to reclaim PTS, and since all the bounties are denominated in PTS, it seems to me you should be eating your own dog food as much as possible, evangelizing PTS to whomever you do business with and offer them a small premium if they'll accept PTS for the work.