Personally, I'm for merge if there exists a great benefit. However, my concern is how to abate complains and resists from pre-salers and ptsers. The former group bought Notes at the lowest price so far, but is expecting short-term profit, therefore they will complain about long-term investment in BTS. It is obvious that the latter group will complain about loss if the merger price (or proportion of share) is lower than the price they obtain Notes (which can be roughly calculated with price difference between before and after snapshot).
Agreed.
I'm certain that if that great benefit exists, cob will do what he thinks is best for the DAC. However a merger will certainly leave some people feeling frustrated. I'm sure some would be happy to dilute their music investment for the chance to also be invested with all the other features in the multi DAC, however for those that wanted maximum exposure to the business the music side brings, introducing dilution to that for features they are less interested in would feel like a raw deal.
In theory, if a merger happened and theMusic Dapp greatly outperformed all other Bitshares features, Note purchasers would be giving much investment value up to the other BTS holders. However of course the opposite could happen and those same investors could be saved from losses or lower gains.
I think it's smart for cob and his team to carefully study the pros and cons of a merger before rocking the boat for their current investors.