Am I right in thinking you control more than 40% of the total supply?
If I'm not mistaken Invictus has the largest single and composite holdings between their members and AGS, is there any policy on holding? selling? any sort of restrictions or disclosures you intend to make or require?
Because they have been accepting PTS for AGS and buying AGS with their own funds since day one. Their employees are not only paid in PTS but are known to reinvest them in AGS.
The token is their primary monetization, I don't have specific information but doing some calculations in my head I think that's the ballpark, which is why I'm asking.
Am I right in thinking you control more than 40% of the total supply?
What specific information makes you think they control more than 40%?
Because they have been accepting PTS for AGS and buying AGS with their own funds since day one. Their employees are not only paid in PTS but are known to reinvest them in AGS.
The token is their primary monetization, I don't have specific information but doing some calculations in my head I think that's the ballpark, which is why I'm asking.
My personal concern is that some of the talented developers might not have enough equity.
What I thought was that PTS and BTC that was donated was for the development of the industry. I didn't think their share of BitsharesX was also for that though.
Is BitsharesX funds really for development of industry or just profit for them? I'm not talking about the funds that were paid to I3 employees but those that are still in control of I3 exclusively.
Frankly I'm fine with it being profit just would like clarification.
What I thought was that PTS and BTC that was donated was for the development of the industry. I didn't think their share of BitsharesX was also for that though.
Is BitsharesX funds really for development of industry or just profit for them? I'm not talking about the funds that were paid to I3 employees but those that are still in control of I3 exclusively.
Frankly I'm fine with it being profit just would like clarification.
nice try! I bet you still want to buy BTSX @ 0.00001 BTC. Well... good luck with that!
Because they have been accepting PTS for AGS and buying AGS with their own funds since day one. Their employees are not only paid in PTS but are known to reinvest them in AGS.
The token is their primary monetization, I don't have specific information but doing some calculations in my head I think that's the ballpark, which is why I'm asking.
Don't make it sound like my own AGS are somehow I3's - same goes for anyone else getting paid by I3. My *personal* policy will be, "whatever I feel like".
As far as I understand I3 does not own any AGS, only PTS, and so the only BTSX they own is from the ~250k PTS, or about 10%.
I voted "Commit to not selling until the market is deeper".
Because they have been accepting PTS for AGS and buying AGS with their own funds since day one. Their employees are not only paid in PTS but are known to reinvest them in AGS.
The token is their primary monetization, I don't have specific information but doing some calculations in my head I think that's the ballpark, which is why I'm asking.
Don't make it sound like my own AGS are somehow I3's - same goes for anyone else getting paid by I3. My *personal* policy will be, "whatever I feel like".
As far as I understand I3 does not own any AGS, only PTS, and so the only BTSX they own is from the ~250k PTS, or about 10%.
I voted "Commit to not selling until the market is deeper".
Guys, I didn't say any of this was bad or evil. I asked if Invictus had a policy because I was not aware of it, and it seems like their employees, their angelshare funds, and their founders investments probably are a large proportion of the total out there.
I also did not say my guess was accurate, that's why I said it was a guess and asked for clarification which did not come. Instead I got the forum defense squad calling me out for... what? Darn me for trying to get clarity on a clearly totally obscure and impactful issue.
I didn't even vote lol
Instead you throw out a number that isn't even feasible and appears to be created for FUD.
Instead you throw out a number that isn't even feasible and appears to be created for FUD.
+5%
Instead you throw out a number that isn't even feasible and appears to be created for FUD.
+5%
I don't perceive it as FUD. A good investor is a diligent one. If I3 holds a huge percentage from donated PTS, then this stuff should be on the ledger and transparent. These things are supposed to be more transparent than they really are at this point. I'd like to know who controls the private keys to the BTSX/PTS, not an individual, the company. Is it Invictus Innovations, Invictus Hong Kong, Hyperatas, or the new DACsunlimited? When it comes to questions whose answers affect us investors, it's not wise to try and tell us to be quiet and go pound sand.
I don't perceive it as FUD.
Instead you throw out a number that isn't even feasible and appears to be created for FUD.
+5%
I don't perceive it as FUD. A good investor is a diligent one. If I3 holds a huge percentage from donated PTS, then this stuff should be on the ledger and transparent. These things are supposed to be more transparent than they really are at this point. I'd like to know who controls the private keys to the BTSX/PTS, not an individual, the company. Is it Invictus Innovations, Invictus Hong Kong, Hyperatas, or the new DACsunlimited? When it comes to questions whose answers affect us investors, it's not wise to try and tell us to be quiet and go pound sand.
I have not seen anyone tell anyone else to "pound sand". I also do not speak for I3 in any capacity. I'm pretty much just another person with no insider info or anything else. I do a lot of work on the wiki mainly from public information. Please, ask questions. All of your questions are valid.
I was specifically referencing the fact that Adam started out with his "guess" that I3 owns at minimum 40% of BTSX. Why not do the basic math instead of throwing out widely off target numbers? Is that "diligent" ?? To reach 40% that means AGS received 80% of PTS mined into existence on February 28th. There is a history behind these sorts of posts by Adam. He then acts puzzled like he doesn't understand why people are annoyed. What is going on there ? I don't understand him at all, but I will try to explain the perception of others so he doesn't constantly feel victimized on here.
Aside from ags pts donations all other stake in the system was achieved on an equal opportunity basis. Unlike all other systems the only advantage i3 has over every other participant is greater trust in ourselves.
The ags pts donations are being used to grow the industry as we see fit.
So our policy is equal opportunity. That means equal opportunity to sell or buy. It means no strings on ags funds too.
However we would be crazy to sell at these prices.
Adam is smoking and BM is honest to a fault,
everyday
1. how much btsx holds I3 now?
2. what are the plans in the next 12 months for this holdings?
3. will the community have a say, what to do with the funds?
I appreciate that people are pro-active in defending us and I also appriciate the role Adam plays. I think it is important for Adam to understand that people are passionate about coming to our defense because they are really coming to their own defense as they have a stake in the system and feel that the things posted by Adam are harming that stake.
Adam also has a stake (likely larger than those attacking him) and so it makes the entire situation very confusing. If I may make a suggestion to everyone involved:
1) Assume the best in people
2) After assuming the best, kindly ask Adam to edit / rephrase his question in a way that is more helpful to the cause.
In my own experience, talking with Adam on Skype or in person is 180 degrees from reading what he posts. I think he relies a lot on other means of communicating intent than just the words he uses. Lets recognize this weakness in Adam and help him express himself in a way that is not perceived as offensive. We are stronger working together than fighting against eachother.
Adam in turn will help us express our ideas in ways that address concerns of a more critical audience. We have chased off most detractors from these forums and are missing their arguments. On bitcointalk we I see all kinds of arguments that people perceive things differently than we do and think differently.
nice said bytemaster
it would be really nice if everyone in this project could be more open about timeline, plans etc. everything is done "behind" the curtains and will be revealed after and not before. this is maybe my personal biggest critique point in everything you (I3) is doing.
more communication and more organized information at the homepages will attract more people. you raised a lot of money and i don't understand why no on is taking care about points like
1. good organized homepage with the best available information right now
2. someone in charge of the community (public relation)
3. more information about what you guys are doing. and i mean not the coders but everyone else. this is not a company project and many people want to have the feeling to be a part of this called "many bitshares to rule same all" project.
so, maybe you guys at I3 take this words and include the community more then you do now.
(just my 2 cents)