Thanks for your frank explanation. Judging from the great differences between the original strategy and the one implemented under your leadership, I feel so grateful that you are in charge now, abandoned the POW.
My question :
The unspent pts/btc through AGS donation can get huge amounts of bts. How will you spend these bts ? The DACs R&D or 3I investors (Bitfund.pe and Mr Li) profit ?
This is a good question.
Any gains from AGS donations ("eggs" from the PTS "golden geese") are also reserved to grow the industry, not for Invictus. Thus, there are now PTS-generated XTS "eggs" in the development fund that can be used to pay for more development and promotions. Invictus has promised not to directly profit from these geese or the eggs they lay. If we can grow the value and number of the golden eggs in this basket faster than we spend them, then the industry will have a perpetual flywheel to keep it going and growing. Another reason to weigh when and how to responsibly use these assets.
Meanwhile, Invictus owns its own supply of PTS and AGS "geese" (earned by mining, purchasing and donating our own funds) and XTS "eggs" which will grow the same way for our investors as we work to grow their value for everybody.
Thus, when somebody says III "doesn't care" about about the value of any of these products, it should be clear that they have no understanding of how we are structured or how we have worked to keep our own incentives aligned with those of the rest of the community.