0 Members and 1 Guest are viewing this topic.
QuoteIt's unreasonable!BM's decision hurt PTSer deeply!Please describe the value you had in PTS... what DACs were you expecting a cut in, what percent of those DACs were you expecting to get and when did you expect those DACs to be released?
It's unreasonable!BM's decision hurt PTSer deeply!
Quote from: tonyk on October 23, 2014, 04:49:43 amQuote from: bitmeat on October 23, 2014, 04:32:10 amThat's my point - there is no real incentive to hold PTS at all with the current setup. Unless they make PTS not have to vest, which in my mind would be fair.I mean it is liquid right now, so it's not like adding a lock to it is going to stop people from liquidating it.I still do not get your point though....You want BM to make such an incentive or what?PTS is a sell-able badge in my view - "Here, I am a Bitshares enthusiast. And my self proclaimed value is X" (X is the amount of badge I have bought). I am not contributing any other value to the system except purchasing said badge, and declaring my value to be as high as that. ohh and btw, at any second I choose I can sell this badge for whatever I find appropriate....The point is that PTS had a much higher value due to the fact that it is liquid, it was it's main characteristic.When you bundle PTS and AGS into the merger, I can understand AGS liquidity being locked for 2 years, but the PTS should not be locked in.The argument for the locking of liquidity was to prevent sudden dumping of BTS, but the thing is PTS is already liquid, so in fact it is causing people to dump PTS and buy BTSX. Since BTSX will remain liquid when it switched to BTS, while PTS portion will suddenly be locked.
Quote from: bitmeat on October 23, 2014, 04:32:10 amThat's my point - there is no real incentive to hold PTS at all with the current setup. Unless they make PTS not have to vest, which in my mind would be fair.I mean it is liquid right now, so it's not like adding a lock to it is going to stop people from liquidating it.I still do not get your point though....You want BM to make such an incentive or what?PTS is a sell-able badge in my view - "Here, I am a Bitshares enthusiast. And my self proclaimed value is X" (X is the amount of badge I have bought). I am not contributing any other value to the system except purchasing said badge, and declaring my value to be as high as that. ohh and btw, at any second I choose I can sell this badge for whatever I find appropriate....
That's my point - there is no real incentive to hold PTS at all with the current setup. Unless they make PTS not have to vest, which in my mind would be fair.I mean it is liquid right now, so it's not like adding a lock to it is going to stop people from liquidating it.
QuoteYes.. there will be a "collect vested shares" button on each account under an advanced tab.But will there be any benefit for not collecting the shares too soon? Will I receive less shares if I collect them whenever that button appears? I don't want to collect any shares if no need be and lose some yield or whatever..
Yes.. there will be a "collect vested shares" button on each account under an advanced tab.
I think the airdrip ( ) shares are collected like yield. You claim them by importing the private keys of the PTS/DNS/AGS wallets and every time you do a transaction (like voting) whatever has vested transfers in like yield. Is it going to work differently?
Quote from: xeroc on October 23, 2014, 06:27:13 pmQuote from: mf-tzo on October 23, 2014, 05:58:44 pmThank you Stan. Regarding the share claims? Can we claim all our shares on the 6th Nov or not? Has this finalized? Is there a benefit if we hold and do not claim our shares? For how long?you can gradually withdraw you "airdropped" shares over a 2 years period ..so for example .. first 50% after 1 year .. second 50% after another year .. or you split it into 4 pieces .. what ever you like .. linear over 2 years!this does NOT include BTSX .. they will stay liquid and tradable ..I think the airdrip ( ) shares are collected like yield. You claim them by importing the private keys of the PTS/DNS/AGS wallets and every time you do a transaction (like voting) whatever has vested transfers in like yield. Is it going to work differently?
Quote from: mf-tzo on October 23, 2014, 05:58:44 pmThank you Stan. Regarding the share claims? Can we claim all our shares on the 6th Nov or not? Has this finalized? Is there a benefit if we hold and do not claim our shares? For how long?you can gradually withdraw you "airdropped" shares over a 2 years period ..so for example .. first 50% after 1 year .. second 50% after another year .. or you split it into 4 pieces .. what ever you like .. linear over 2 years!this does NOT include BTSX .. they will stay liquid and tradable ..
Thank you Stan. Regarding the share claims? Can we claim all our shares on the 6th Nov or not? Has this finalized? Is there a benefit if we hold and do not claim our shares? For how long?
We don't want to expand the supply all at once for obvious reasons. So we have to trickle them out to everybody in consideration of everyone else.Goal is to stay well below Bitcoin's 50 per block precedent for total of all delegates and sharedrops etc. This aims to ensure infusion of value exceeds infusion of supply.
Thank you Xeroc.Don't fully get that since I thought the Dev funds were part of the initial supply of 5 bil and 3 bil and I would assume that they could convert their dev funds as well in BTS and change them to bitusd if they wanted but never mind. I do not really care anyway how this is handled..Is there a plan finalized as to when we claim those shares? Is there a cost if we claim them on the 6th November? Is there a benefit of not claiming them for 2 years?
You are being ridiculous. Obviously after Nov 5th, PTS is going to go down the shitter. Obviously the value of PTS is transferred into the BTS portion. Obviously the liquidity part of PTS is NOT being transferred.Well hot damn, may be I'll just pick up PTS and honor it 100% to my first DAC and forget about BTS ecosystem altogether.
Why do you multiply DNS and Vote by 80%??
My calculation...PTS 1:99.34275AGS 1:87.5DNS 1:0.01875VOTE 1:0.015BTSX 1:1
PTS position will not be locked. Your PTS will be just as liquid as they are today. If someone else wants to honor the PTS social contract with a new blockchain they still can. If someone wants to pick up PTS and continue to develop the currency they still can.The only thing locked is the airdropped BTS in the new SuperDac that is calculated based on PTS/AGS balances on Nov 5th.So it's not the PTS/AGS/DNS that is locked but the 500,000,000 BTS that are being added to the 2B supply of BTS when the DACs are merged.
Quote from: tonyk on October 23, 2014, 04:16:03 amYeeeh, but those BTSX mature linearly over 2 years period. I have to think a bit how to calculate exactly what return is that...or I can wait for arhag to provide the formula for me , as I do not have any readily available BTC in the next 48h anyway Excellent point! You might be better off just buying BTSX and then after Nov 5th converting it to bitUSD and earning the yield while staying completely liquid.
Yeeeh, but those BTSX mature linearly over 2 years period. I have to think a bit how to calculate exactly what return is that...or I can wait for arhag to provide the formula for me , as I do not have any readily available BTC in the next 48h anyway
Is it possible other dev to take over PTS after Nov 5?PTS is popular and it's already listed in exchangers.
Current BTSX price is 0.000065599.34 BTS per PTS, the value of PTS will be 0.00650 btcCurrent PTS price is 0.00569So if you want to buy then keep PTS and merge to BTS, that is +12% bonus