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General Discussion / Re: Should BTS end merger vesting BTS early?
« on: April 16, 2016, 04:42:19 pm »End it as in pay out remaining balances or completely stiff the people who signed up for the original vision ?
The latter, stiff the people (like you and me) who have shares still vesting. (Though I wouldn't say we all signed up for the vision, DNS/BTSX/PTS lost millions of dollars in value at the time & it was pushed through with very little voting stake.)
It's costing BTS a fortune per day and not achieving many of the original outcomes, so I would vote to end the merger even though I have a few hundred thousand BTS still vesting. Though it's obviously up to others (who have already received 70% of their vesting shares) and other BTS shareholders if they think that's in the best interest of BTS overall.
I think it will hopefully that mean we can spend a lot more on our valuable developers and development without impacting the BTS price as much, the combination of which should make BTS more valuable.
what could this possibly accomplish ? Another demonstration that "BTS would move heaven and earth to feed their few developers at the expense of all/some investors" ?
Though I hate the merger .... I can't support this .
That's ok, it's a controversial topic and may not be in the best interest of BTS overall.
You don't have to vote to spend more on development if you don't want to, that's your choice.
But the merger is costing 700k a day, 5 million BTS a week. Do you think BTS can afford spending 50-60 BTC a week on it, even though it's not achieving many of the original outcomes?
Do you think people who paid much more for PTS/AGS/DNS would sell their vest shares at this low price ?
Yes, it looks like a lot of the whales especially have been selling. https://bitsharestalk.org/index.php/topic,22098.0.html
It would be interesting to see how many merger shares are claimed and moved though.