More details about our rationaleIf we simply upgrade to DPOS, mining will end and the remaining ~300,000 PTS will never be created.
That is the same thing as destroying them and has the effect of giving all PTS holders at that time a 15% increase in BIPS (billionths of the money supply).
But our commitment is to always do the
best thing we can think of for PTS and AGS holders.
A lousy 15% plus-up for PTS holders only is not the best we can do!
We are aiming for 2x, 3x, ... 10x... growth in value
- of the whole industry.
That is our definition of "fair"
Judging from the overwhelming demand in this forum to "do something, anything!" to grow the industry exponentially, it would be simply irresponsible to pass up the opportunity to put the remaining shares into circulation via strategically targeted multi-dimensional promotions. The forum is full of great ideas for making sure that the BitShares industry really does capture the "Network Effect" to the point where some clever marketer can't fork the code and steal your wealth with a better marketing plan.
So to both protect existing investors and grow the value of their holdings we must use every resource as efficiently as possible to (with apologies to PETA and SPCA) kill as many birds with each PTS stone as possible.
Its all about lining up your shots and playing the game for where the chips will lie when the music stops and the smoke clears. (To mix a few metaphors.)