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Quote from: celticwarrior72 on August 22, 2014, 09:24:04 pmQuote from: bytemaster on August 22, 2014, 08:52:04 pmQuote from: celticwarrior72 on August 22, 2014, 08:48:35 pmFor a myriad of reasons purchasing your own currency with investor money does not seem wise.There are no investors and it isn't "our currency". If there were investors then this would be the moral equivalent of a "share buy back" which is what any company with cash on its balance sheet should do when their "shares" are undervalued, especially if they can liquidate them in the future. And you've gotten sound legal opinion on this approach from a suitable securities attorney? That's a yes or no question.Yes
Quote from: bytemaster on August 22, 2014, 08:52:04 pmQuote from: celticwarrior72 on August 22, 2014, 08:48:35 pmFor a myriad of reasons purchasing your own currency with investor money does not seem wise.There are no investors and it isn't "our currency". If there were investors then this would be the moral equivalent of a "share buy back" which is what any company with cash on its balance sheet should do when their "shares" are undervalued, especially if they can liquidate them in the future. And you've gotten sound legal opinion on this approach from a suitable securities attorney? That's a yes or no question.
Quote from: celticwarrior72 on August 22, 2014, 08:48:35 pmFor a myriad of reasons purchasing your own currency with investor money does not seem wise.There are no investors and it isn't "our currency". If there were investors then this would be the moral equivalent of a "share buy back" which is what any company with cash on its balance sheet should do when their "shares" are undervalued, especially if they can liquidate them in the future.
For a myriad of reasons purchasing your own currency with investor money does not seem wise.
Hi BytemasterIf there was some PTS bounty hasn't been paid at April , how much BTS or Bitusd can I get now per every PTS if I request to be paid in BTS or Bitusd instead ?The price of PTS drop nearly half since April,I didn't want to bother you for month since you were really busy on BTS wallet .
Are you also partly in fiat with the AGS fund money? In order to distribute the risk?
why don't you made the decision earlier to buy cheaper BTSX? ....(of course better "late" than never)
Was any of the large volume during the price spike over the last day AGS BTC?If so how much?I'd like to continue buying, but if the market spike was artificial because I3 was dumping 100's or 1000's into BTSX, there will be a pull back as the market re-aligns.I don't see a problem wih you buying BTSX. Even if this spike was created by I3. This is probably the best marketing to date.
Quote from: bytemaster on August 21, 2014, 08:21:11 pmRecognizing that over the course of the next 6 months the value of BTSX will likely rise relative to BTC, we have made the strategic decision to buy BTSX and hold it and to pay developers in BTSX / BitUSD. We will keep enough BTC to stay liquid, but otherwise will keep our portfolio balanced to maximize our potential development funds. This is just a FYI for transparency sake, as we stated before the AGS funds were received as donations with no strings attached. Details of these holdings will be posted.hi bytemaster.where did you buy the BTSX? maybe you can consider to do the purchase on btc38. btc38 is very supportive to BTSX. http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx
Recognizing that over the course of the next 6 months the value of BTSX will likely rise relative to BTC, we have made the strategic decision to buy BTSX and hold it and to pay developers in BTSX / BitUSD. We will keep enough BTC to stay liquid, but otherwise will keep our portfolio balanced to maximize our potential development funds. This is just a FYI for transparency sake, as we stated before the AGS funds were received as donations with no strings attached. Details of these holdings will be posted.
Quote from: bytemaster on August 21, 2014, 08:21:11 pmRecognizing that over the course of the next 6 months the value of BTSX will likely rise relative to BTC, we have made the strategic decision to buy BTSX and hold it and to pay developers in BTSX / BitUSD. We will keep enough BTC to stay liquid, but otherwise will keep our portfolio balanced to maximize our potential development funds. This is just a FYI for transparency sake, as we stated before the AGS funds were received as donations with no strings attached. Details of these holdings will be posted. This is an very astute decision which inspires confidence ......
Quote from: bytemaster on August 21, 2014, 08:24:23 pmOnly small purchases thus far. Not really in our best interest to telegraph this, but I believe the value of transparency will do more for us in the long run than any profits we could have earned by keeping it secret. I really .. really .. really like the openness in I3. This is what makes bitshares different from those altcoin - short term profit - premine sh*** we all know pretty well
Only small purchases thus far. Not really in our best interest to telegraph this, but I believe the value of transparency will do more for us in the long run than any profits we could have earned by keeping it secret.
Appreciate the transparency greatly and I support wholeheartedly.
Quote from: bytemaster on August 21, 2014, 08:50:48 pmQuote from: nakaone on August 21, 2014, 08:46:09 pmhow many do you plan to buy?not sure if I like this move but anywayWe don't want to telegraph *that* much... but what ever we feel will make a proper balance of risk/reward. At least 100 BTC for starters.I think if you really want to do it properly you should catch volatility instead of driving the price massively up
Quote from: nakaone on August 21, 2014, 08:46:09 pmhow many do you plan to buy?not sure if I like this move but anywayWe don't want to telegraph *that* much... but what ever we feel will make a proper balance of risk/reward. At least 100 BTC for starters.
how many do you plan to buy?not sure if I like this move but anyway
Quote from: delulo on August 21, 2014, 08:41:21 pmQuote from: bytemaster on August 21, 2014, 08:21:11 pmRecognizing that over the course of the next 6 months the value of BTSX will likely rise relative to BTC, we have made the strategic decision to buy BTSX and hold it and to pay developers in BTSX / BitUSD. We will keep enough BTC to stay liquid, but otherwise will keep our portfolio balanced to maximize our potential development funds. This is just a FYI for transparency sake, as we stated before the AGS funds were received as donations with no strings attached. Details of these holdings will be posted.Will it be made public much was BTC was traded for BTS X? Is that anyway visible on the blockchain yet? I think not directly as we can just see how much was moved into exchanges. It did that happen OTC?Some of both. We will need to quickly revamp our public spreadsheets to improve transparency for assets not clearly visible on old-fashioned block chains.
Quote from: bytemaster on August 21, 2014, 08:21:11 pmRecognizing that over the course of the next 6 months the value of BTSX will likely rise relative to BTC, we have made the strategic decision to buy BTSX and hold it and to pay developers in BTSX / BitUSD. We will keep enough BTC to stay liquid, but otherwise will keep our portfolio balanced to maximize our potential development funds. This is just a FYI for transparency sake, as we stated before the AGS funds were received as donations with no strings attached. Details of these holdings will be posted.Will it be made public much was BTC was traded for BTS X? Is that anyway visible on the blockchain yet? I think not directly as we can just see how much was moved into exchanges. It did that happen OTC?
I really .. really .. really like the openness in I3. This is what makes bitshares different from those altcoin - short term profit - premine sh*** we all know pretty well
Have said purchases already taken place?Thanks for the openness! Sent from my SCH-S720C using Tapatalk 2
to pay developers in BitUSD.