Here is a video of Bytemaster himself, and how he decided the fate of AGS/PTS holders:
https://www.youtube.com/watch?v=ulIOrQasR18
What is a DAC? A is for autonomous. Meaning all decisions need to be vetted by the stakeholders NOT I3.
There is nothing "autonomous" about how any of this is handled. So I turn to humor at this point.
:) :) :)
...And Fuck
I did not even like the stuff that I like ...
There is a proposal, minority against it but majority like it.
Quote from: joele on October 22, 2014, 08:40:33 AM
There is a proposal, minority against it but majority like it.
For the record, I am for the merger. I strongly believe that the vesting mechanics are idiotic. If 25% of your stake vests and you sell it, you lose the other 75%. Is that fair?
EDIT: To prove that the above is idiotic, consider this: Exchange such as BTER holds PTS and let's say that is now 20,000,000 BTS but is not yet vested. How will they allow each user to vest differently? (If they allow that at all)
Quote from: tonyk on October 22, 2014, 08:27:54 AM
:) :) :)
...And Fuck
I did not even like the stuff that I like ...
lol ... nice rap :)
Quote from: bitmeat on October 22, 2014, 08:49:27 AM
Quote from: joele on October 22, 2014, 08:40:33 AM
There is a proposal, minority against it but majority like it.
For the record, I am for the merger. I strongly believe that the vesting mechanics are idiotic. If 25% of your stake vests and you sell it, you lose the other 75%. Is that fair?
EDIT: To prove that the above is idiotic, consider this: Exchange such as BTER holds PTS and let's say that is now 20,000,000 BTS but is not yet vested. How will they allow each user to vest differently? (If they allow that at all)
This has been addressed now, thank goodness:
https://bitsharestalk.org/index.php?topic=10353.0;topicseen
That video was great +5%
Quote from: sschechter on October 22, 2014, 03:23:33 PM
That video was great +5%
EDIT: and holy shit thats Taco from the League....how did I not know about this?
Chainsaw everything... :)
I3 cannot decide anything. Only delegates choose if a hard fork should be implemented. They have literally built the system exactly so they do not control it. If 51% of stakeholders are against this proposal, it is impossible for them to implement it, no matter what they do.
Quote from: Rune on October 23, 2014, 12:33:02 AM
I3 cannot decide anything. Only delegates choose if a hard fork should be implemented. They have literally built the system exactly so they do not control it. If 51% of stakeholders are against this proposal, it is impossible for them to implement it, no matter what they do.
That's only in theory. But in any case, have a sense of humor. There is no way to make such a transition painless. :)