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General Discussion / Re: Clarification on Vesting
« on: October 22, 2014, 04:25:56 pm »
Hey Dan, why don't you give us the logic behind your "vesting" proposal. PTS holders paid a 6X premium for their liquidity while AGS holders received a 6X discount for being "locked in". Now, as the largest holder of AGS, you want to "gift" liquidity to AGS AND keep your 6X discount. All at the expense of everyone else in the superDAC. Even worse, the new proposal actually reverses PTS liquidity by locking them into a vesting period.
Rather than giving me the standard "it hurts me more than it hurts you" answer, why don't tell us simply - how can the value of liquidity be ZERO? What rational justification do you have for taking out the only differentiating factor between AGS and PTS (actually reversing them in a sense) and at the same time allowing AGS to keep the 6X discount for being "locked in"?
Rather than giving me the standard "it hurts me more than it hurts you" answer, why don't tell us simply - how can the value of liquidity be ZERO? What rational justification do you have for taking out the only differentiating factor between AGS and PTS (actually reversing them in a sense) and at the same time allowing AGS to keep the 6X discount for being "locked in"?