It seems a lot of people are concerned that this plan will take PTS away from the prime real estate of the main coinmarketcap page and put it in the shadowy corners of the asset tab. This is a valid marketing concern. Personally, I think the arbitrary separation between
core blockchain assets and other assets on the blockchain is kind of silly from the perspective of a site like coinmarketcap. In my view, coinmarketcap can have all the different categorizations and tabs it wants, but the main page should be ALL unique cryptoassets (meaning nonfungible with one another) sorted in order of marketcap. Basically, the home page of coinmarketcap.com should go to what is currently
http://coinmarketcap.com/all/. Do you think we could convince coinmarketcap to implement this change? If we could, would many of people's hesitations with this proposal go away?
This demeans PTS and will make the price drop as it is now dependent on another chain instead of being diversified from risk by being its own separate chain.
Is
diversifying converting its risk from the BTSX chain into risk from its own chain a
good thing? If PTS is the core asset on its own chain, then it will be exposed to huge volatility because of how the snapshot system works. It will likely break BitAssets on the chain because of the flash crashes caused right after snapshots. Without BitAssets, cross-chain trading becomes even more of a hassle. If we use another asset as the core asset and simply make PTS a user-issued asset on top, we are now left with the question of what provides value to the core asset. Are the transactions fees of trading PTS back and forth going to be enough to give the core asset value to protect the chain against stake attacks? Even if the core asset was PTS, or if we let the user-issued PTS tokens on the chain also vote for delegates, it would still (very likely) have less security than BTSX.
I am not saying PTS value will go to zero. I am just saying that after snapshots and with no new projects on the horizon, PTS value will likely be hovering at a fairly low value since the only thing that gives it value is expectation that some awesome but currently unknown new project will come around in the future and promise to allocate shares to a snapshot of PTS, which by the way after some point becomes less and less probable over time as more and more projects are created, snapshot PTS, and from then on forks of that kind of project only credit that chain's current stake rather than PTS. Meanwhile, if BitShares X is meant to be vessel holding the BitCurrencies we want the whole world to adopt, it is likely to grow in value over time and become more and more secure (I am fairly confident that it will always have greater market cap, and thus security, than a PTS only chain from this point forward).
Putting PTS on BTSX will subject BTSX to PTS's snapshot announcment/commencment volatility... Not a good idea imo.
The change in price of PTS on the BitShares X chain should have absolutely no effect on the price of BTSX. It is user-issued asset that in no way contributes to the market cap of BTSX (unless you count the transaction and market fees from trading the assets back and forth).