I am happy with that decision because I think it add clarity.
But I do think it can become a problem if you keep changing the rule of the game. You should make some kind of declaration on what rules are set in stone and which one are susceptible to change so the investors have visibility.
I will say that we could do a better job of communicating these things in a single place...
Our commitments were 'set in stone':
1) Give 2 week notice of snapshots
2) Give PTS holders at least 10%
3) Give AGS holders at least 10%
4) Give PTS and AGS holders 50/50 of first BitShares X chain
On these four points nothing has changed and in fact we gave a month notice of Feb 28th, we are allocating 50/50 for AGS and PTS holders and we just announced that these AGS and PTS holders should be getting 50/50 of every BitShares X chain via inheritance rather than just the first. This is a Big boon that had we considered this earlier we could have raised more money.
Further more it was no secret that as soon as BitShares X was near completion and ready for a snapshot that we would do so. In fact, since early January everyone has been aware that we would be launching a minimal viable product that would be updated with new features over time.
But I suppose it doesn't matter who is right or wrong here as that is not the point. The point is that there are people out there who were expecting something else (rightly or wrongly) and things appear to have changed. It really seems like those planning on a 200 day investment strategy who expected all 200 days to count toward some BitShares X chains (but apparently knew they would be missing at least the first chain) may feel they got a raw deal. On the other hand they haven't missed any opportunities, they just have to buy it from BitShares X holders rather than giving us the money while we continue to debase PTS and AGS holders mining and raising funds.
If there is one thing I would rather be known for it would be for maximizing value received by existing PTS and AGS holders and thus rewarding them for their faith in what we are doing. What BitShares X will do is peal off BitShares X investment money and create new opportunities for those who want to invest in all of our other ideas at a bargain without having to pay prices near with BitShares X is worth. Our other ideas are less developed and thus risker so those investing in those ideas were not being served well by having to compete with BitShares X investors.
We try our best. Speak our thoughts. And honestly try to look out for everyone.
Things that are subject to change:
1) Technical Implementation Details and Feature Sets - these must be flexible to adapt to changing conditions as we are learning as we go.
2) Any allocation above 10/10 AGS and PTS for any future chains.
3) The market may choose a different allocation strategy than we recommend... so this is subject to forces beyond our control. For example, had we simply declared that upon further review 80% of everything other than the first BitShares X chain would belong to Invictus, I doubt the market would approve or follow such recommendations. So consider every allocation strategy we recommend to be ultimately subject to the market. This means that someone could launch a copy of BitShares X that honors 10% PTS and mines the rest according to the original schedule.... So in a sense you are investing in the market consensus and NOT in us. We merely make recommendations as to what we believe will be the most effective strategies for those wishing to launch new DACs. After all the true value of a DAC does not come from the source, but from the network effect of users.