I guess my understanding was that after the snapshot PTS would become BTS so the old PTS would basically be worthless/removed after being replaced with BTS - this would be very clear and easy to understand. But what we have now to me is somewhat confusing to both existing investors and potential investors and confusion is not desirable if you are running what amounts to an investment fund.
If someone wants to invest in PTS now (post snapshot), what should they do or why would they invest? They've missed the benefit of getting in "pre-snapshot" but are unable to buy any new "post snapshot" BTS because they are not available on any exchange nor are there any wallets to store them. What should a new investor do from this point, should they buy "post snapshot" PTS on an exchange at the now deflated price without knowing how/when those be converted into BTS or wait until BTS is "ready"?
The "pre-snapshot" PTS and AGS gave investors share in BTS, as this is the first DAC developed by Invictus. PTS and AGS they are not transforming in BTS they still have a lot of value, as they will give you shares in all the new DAC Invictus (and 3 parties developers that respect the social contract) are developing(Bitshare Dns, Bitshare Music, Bitshare Votes, etc) please see this post here:
https://bitsharestalk.org/index.php?topic=2940.0 or this video here
http://vimeo.com/user24356268/review/87448377/66716b27fa . The reason to invest in PTS or AGS now it will be to get share in all the upcoming chains DAC.
So If you acquire PTS or AGS now they
will not give you any BTS .
As a investor if you are only interested in BTS-XT you should wait until the BTS-XT share are out so you can buy them. Why would you be interested to buy BTS ? Well one of the reason is that all the future product line of decentralized banks and exchanges will be be initialized with a snapshot (100%) of the state of BitShares XT around the time of their launch. So what that means is let say if you have 10 BTSXT in your wallet and a new decentralized bank it coming out e.g.
BitShares XI, you'll have 10 BTXI in the new bank.
- PTS&AGS will give you share in every new line of chains developed in the future. New line of chains meaning it
a completely new kind of DAC (Bitshare Dns, Bitshare Music, Bitshare Votes, etc)
-BTSXT - Will give you share in all the new bank and exchanges that are developed base on the line of chain of Bitshare-XT ( Bitshares XI, Bitshare XV , Bitshare XC, etc)
For the rest we already agree that as is it now it is not easy for a newbie to find and understand all the development that is happening. But I know there is a big marketing push in the planing, witch will come once the Bitshare-XT chains it working and stable. And let not forget there will be a new website that hopefully will be the one place to get all the information that you need please see :
https://bitsharestalk.org/index.php?topic=2927.msg37501#msg37501