Whats the 5:1?
Bitshares to Protoshares
How?
2 million BTSX will be distributed among 1.2-1.3m PTS; making almost 1.3 BTSX/PTS.
2 million BTSX will be distributed among 0.6-2m AGS; making anything between 3-1 BTSX/AGS.
Personally I am optimistic we will get at least 2+ BTSX/AGS. If not, I will round up the fellow AGS donors, grab some pitchforks and gasoline, and head over to Bytemaster's castle.
Yes I keep reading references towards a 5:1 distribution but your explanation seems to contain more reasonable numbers. It's quite hard to find such essential informations. There really should be a place where all important informations like this are gathered in an easily accessible and understandable way, without having to spend hours digging through countless forum posts. (with the abundance of intellect in this crowd this is admittedly fun though
)
That aside, I am still unsure whether I should donate BTC or buy more PTS. What do you guys think, is there a ratio of PTS/AGS that you strive for, or do you essentially prefer one over the other?
Also, are AGS useable after the introduction of BTS, in the same way I would still be able to use my ProtoShares or are they 'gone' after this process and merely represent the amount of individual donations for BTS?