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True but when it does finally launch, I think there will be a massive rally (and subsequent crash).
I hear you and agree that it's critical to have a successful fundraising.
But something to consider is whether allocating 10% only to PTS/AGS would really maximize the pre-sale. I think the people most likely to participate as donors/investors and to drum up support for the fundraising are the PTS and AGS holders themselves. These early donors/investors are the ones who best understand the potential of this music DAC, who are familiar with the BitShares approach, and who are proven donors.
In my view, going from an earlier stated 25% to 10% could piss off some PTS and AGS holders and maybe lead to lower funding than you could get by keeping them reasonably happy. For example, 15% for each would be far better than 10% (50% higher amount), but it would only reduce the rest of the allocation from 80% to 70%. Is that extra 10% really going to make a big difference for the pre-sale? I can see how losing the goodwill of PTS, AGS holders could easly cost more than 10% of fundraising.
Awesome charts. Which site?
I might re-enter at these levels, I expect it to go down.
http://www.sosobtc.com/kline/btsx/btc38.html
Anyone know if this code is open source? I'll host an english version if it is.
Well, I think it shows that the token she holds will fetch the holder $1 given some time. If she offers it at a discount ($0.90) I believe there will be other people willing to scoop it up knowing that they will eventually get $1 for it, assuming Bob doesn't take the opportunity.
Maybe Alice shouldn't be buying things that she doesn't want. All in all, I think with enough people participating my belief is that this problem does not exist and is purely academic.
Given those facts here are some additional things I have realized:This we agree on. So, please just make the change that prevents any short that is below the median price feed from being matched. Believe it or not, this is all you need to do.
1) There is never any reason for new BitUSD to be created below the market value
Everything else is over complication, wasted time, and opening new attack vectors.
Any reason not to make the change?
completely agree. Its pretty close to working no need for drastic changes. This suggestion would help dramatically till the market matures.
