But the arrogance it takes for Invictus to treat those 15% of PTS as theirs, as something that belongs to them...
I suppose everything is a matter of perspective, but currently those funds are earmarked for paying miners to burn electricity. So the PTS community / shareholders are the ones who should vote on what to do with the remaining PTS. I3 Ltd (AGS fund) controls something like 20% of PTS and so would benefit greatly (far more than any other single actor) by stopping the dilution of PTS and not giving anything away.
So it is a question of what the remaining PTS shareholders wish to do. In the interest of separating development from marketing I have left Stan, Brian, Gregory, and Arlen to work with the community to develop the best plans. I am not a dictator in these things.
Personally I suggested to them that PTS holders should get some benefit as well: ie give x% to PTS holders. However, I can also see that we intended there to be equal shares in PTS/AGS long-term.
In my opinion the arrogance is in assuming we are arrogant. In reality we are just people trying to do the best by everyone and improve the value of what everyone is holding.
We also would not be changing the deal for PTS holders: we said that there would be 2M + 1% inflation and reserved the right to fork the chain at any point to upgrade it. In this particular instance the PTS holders go from having 1% inflation to steady deflation from trx fees. Still a win for them.
I agree with you it is a matter of perspective. But why can't you consider this from the perspective of investors. Of course you guys are happy with this proposal, since you hold hostage of the fund, which constitutes 20% of total shares. But in our investors' point of view, we have donated more to the AGS fund since PTS has increased in value. Please don't say that you guys are doing this for the mutual benefit of us all, for the whole industry. NO! You are doing this because you want more for yourselves and you are using the PTS we donated and turn them against us.
Due to 3I's repeated history of bouncing checks, most investors (me included) have lost faith in you guys, and it is not unreasonable to put it that Stan's PROMISE of 2x,...10X return is highly improbable. So, please, do us a favor and don't screw up on those unmined PTS!
Pardon me if I am being a troll here. Wish BitShares the best.