BitShares Forum
Main => General Discussion => Topic started by: bytemaster on October 22, 2014, 06:33:35 pm
-
We don't want anyone to lose out, especially those who bought into the systems like DNS after launch. Toast and I have been working on a solution that does not involve changing my proposal and upsetting the markets further.
Only ~10% of DNS has moved from the genesis block. Prior to the 50% fall DNS had a market cap of $6.5 million (according to Toast) which means the total value of all DNS purchased prior to my proposal post was about $650,000. After the post it lost 50% of its value causing some DNS fans to lose $325,000 while those that sold prior made $325,000.
We happen to own a large part of DNS through the PTS Angel address and this part that we own was in excess of 10% (haven't actually imported it yet)... we will divide this fund among DNS holders outside the genesis block based upon a snapshot just prior to my post.
This allocation should not harm any other players other than us and should make everyone who purchased DNS whole.
There is no point in moving your funds from the genesis as a result of this post.
We would like to thank everyone in the community who supports our project and to show our commitment to make sure that you all are taken care of even if it comes at our own expense.
Once again.. this is not an obligation and we may change our mind on the details of this post. I just wanted you to know the gist of what our plans are to make everyone as happy as possible.
-
We don't want anyone to lose out, especially those who bought into the systems like DNS after launch. Toast and I have been working on a solution that does not involve changing my proposal and upsetting the markets further.
Only ~10% of DNS has moved from the genesis block. Prior to the 50% fall DNS had a market cap of $6.5 million (according to Toast) which means the total value of all DNS purchased prior to my proposal post was about $650,000. After the post it lost 50% of its value causing some DNS fans to lose $325,000 while those that sold prior made $325,000.
We happen to own a large part of DNS through the PTS Angel address and this part that we own was in excess of 10% (haven't actually imported it yet)... we will divide this fund among DNS holders outside the genesis block based upon a snapshot just prior to my post.
This allocation should not harm any other players other than us and should make everyone who purchased DNS whole.
There is no point in moving your funds from the genesis as a result of this post.
We would like to thank everyone in the community who supports our project and to show our commitment to make sure that you all are taken care of even if it comes at our own expense.
Once again.. this is not an obligation and we may change our mind on the details of this post. I just wanted you to know the gist of what our plans are to make everyone as happy as possible.
-
I hope this helps bring the community back together.
:)
-
Great move! +5%
-
+5%
i am one of DNS buyers to increase my holdings. i appricate this idea, because i invested in believing in the ecosystem. i am in favor of the merger, but i am feeling really wronged in this case and lost good money.
-
I'm glad to see this, hopefully it will help out those who bought DNS recently and help make a lot less people angry.
(Also, the trick about doing a snapshot and then posting! Good way to help the people who actually had DNS, rather than to help whatever trader managed to see this post first). ;)
-
Thank u so much for the compensation! +5%
-
This is a super-cool idea, and it speaks huge volumes about your commitment to making this work. Really, really great. +5% +5%
So to re-state what you said to make sure I got it right:
You take snapshot of DNS balances just prior to your announcement, and distribute AGS funds to those addresses which are not in the genesis block to compensate them for the possibility that they purchased on the exchange pre-announcement?
-
How would this work? won't most of this then just go to the exchange addresses? How will it make its way to individual users?
-
(Also, the trick about doing a snapshot and then posting! Good way to help the people who actually had DNS, rather than to help whatever trader managed to see this post first). ;)
Here's the secret: since he has a copy of the blockchain, he can do a snapshot retroactively!
-
This is a super-cool idea, and it speaks huge volumes about your commitment to making this work. Really, really great. +5% +5%
So to re-state what you said to make sure I got it right:
You take snapshot of DNS balances just prior to your announcement, and distribute AGS funds to those addresses which are not in the genesis block to compensate them for the possibility that they purchased on the exchange pre-announcement?
Yes
-
How would this work? won't most of this then just go to the exchange addresses? How will it make its way to individual users?
Bter and BTC38 are really great about distributing these kinds of things to users. The problem will be if they don't have pre-announcement snapshots...
-
How would this work? won't most of this then just go to the exchange addresses? How will it make its way to individual users?
It doesn't help those with balances on the exchange at the snapshot date... cannot help everyone though I try.
-
These are the kind of hacks that give me a high degree of confidence in Dan and the rest of the I3 crew.
Good decision guys.
Good to see Shentist appreciates this move.
I'd like to hear from Bobb as well.
-
We don't want anyone to lose out, especially those who bought into the systems like DNS after launch. Toast and I have been working on a solution that does not involve changing my proposal and upsetting the markets further.
Only ~10% of DNS has moved from the genesis block. Prior to the 50% fall DNS had a market cap of $6.5 million (according to Toast) which means the total value of all DNS purchased prior to my proposal post was about $650,000. After the post it lost 50% of its value causing some DNS fans to lose $325,000 while those that sold prior made $325,000.
We happen to own a large part of DNS through the PTS Angel address and this part that we own was in excess of 10% (haven't actually imported it yet)... we will divide this fund among DNS holders outside the genesis block based upon a snapshot just prior to my post.
This allocation should not harm any other players other than us and should make everyone who purchased DNS whole.
There is no point in moving your funds from the genesis as a result of this post.
We would like to thank everyone in the community who supports our project and to show our commitment to make sure that you all are taken care of even if it comes at our own expense.
Once again.. this is not an obligation and we may change our mind on the details of this post. I just wanted you to know the gist of what our plans are to make everyone as happy as possible.
outside the genesis block based upon a snapshot just prior to my post
"my post" = this one ? or the topic about merging?
The post that caused the 50% fall.
-
The post that caused the 50% fall.
Oh wow, you can do that.
Thats amazing. :)
Will the exchanges be able to figure out who should get the shares correctly?
-
We don't want anyone to lose out, especially those who bought into the systems like DNS after launch. Toast and I have been working on a solution that does not involve changing my proposal and upsetting the markets further.
Only ~10% of DNS has moved from the genesis block. Prior to the 50% fall DNS had a market cap of $6.5 million (according to Toast) which means the total value of all DNS purchased prior to my proposal post was about $650,000. After the post it lost 50% of its value causing some DNS fans to lose $325,000 while those that sold prior made $325,000.
We happen to own a large part of DNS through the PTS Angel address and this part that we own was in excess of 10% (haven't actually imported it yet)... we will divide this fund among DNS holders outside the genesis block based upon a snapshot just prior to my post.
This allocation should not harm any other players other than us and should make everyone who purchased DNS whole.
There is no point in moving your funds from the genesis as a result of this post.
We would like to thank everyone in the community who supports our project and to show our commitment to make sure that you all are taken care of even if it comes at our own expense.
Once again.. this is not an obligation and we may change our mind on the details of this post. I just wanted you to know the gist of what our plans are to make everyone as happy as possible.
outside the genesis block based upon a snapshot just prior to my post
"my post" = this one ? or the topic about merging?
+5%
-
Looks like we're whole:
https://bitsharestalk.org/index.php?topic=10368.msg136220#msg136220
Great job guys.
+5%
-
+5% +5% +5%
For the great attitude !
-
I'd like to hear from Bobb as well.
Thanks! You came up with a brilliant solution!
Only problem is that bter has a 1.5M daily withdrawal limit, so I guess a lot of people have a part of their balance at bter.
Do we have a contact at bter or does anyone know to reach them? Can I help anyhow in that process?
Don't wanna complain at all: If we get this sorted with bter it is brilliant.
Thank you Bytemaster, Thank you toast!
-
Query:
I claimed my AGS allocation via my KEYID wallet. I have something over a million DNS. Help me out here. Are my DNS still on the genesis block or did I move them to my wallet when I claimed them? Just trying to understand if claiming my DNS yesterday effected my allocation today.
-
How would this work? won't most of this then just go to the exchange addresses? How will it make its way to individual users?
Bter and BTC38 are really great about distributing these kinds of things to users. The problem will be if they don't have pre-announcement snapshots...
The whole blockchain is a series of 10 second snapshots. Everybody has every possible snapshot. Pick a block. The snapshot is defined. Gotta love this stuff.
-
doh! I bought a btc worth of DNS the day before the proposal expecting a 'merger' would push the price up, to my dismay it did the exact opposite and dropped it by more than 1/2. I of course then cut my losses yesterday and sold them all off at around 110. Then this announcement. I do not think I could have played this any worse.
The post that caused the 50% fall.
Unless this means I will get credit for having them at that moment?
-
Query:
I claimed my AGS allocation via my KEYID wallet. I have something over a million DNS. Help me out here. Are my DNS still on the genesis block or did I move them to my wallet when I claimed them? Just trying to understand if claiming my DNS yesterday effected my allocation today.
only people who are bought DNS on a exchange or get them from someone will get extra DNS from the I3 funds. Not AGS/PTS allocation on the genesis block.
-
doh! I bought a btc worth of DNS the day before the proposal expecting a 'merger' would push the price up, to my dismay it did the exact opposite and dropped it by more than 1/2. I of course then cut my losses yesterday and sold them all off at around 110. Then this announcement. I do not think I could have played this any worse.
The post that caused the 50% fall.
Unless this means I will get credit for having them at that moment?
bytemaster stated they took the snapshot before his post on the forum. so you should be save to get this extra allocation.
-
Query:
I claimed my AGS allocation via my KEYID wallet. I have something over a million DNS. Help me out here. Are my DNS still on the genesis block or did I move them to my wallet when I claimed them? Just trying to understand if claiming my DNS yesterday effected my allocation today.
only people who are bought DNS on a exchange or get them from someone will get extra DNS from the I3 funds. Not AGS/PTS allocation on the genesis block.
My understanding is that anyone who had claimed DNS in their possession would have a part of the share drop. Unclaimed genesis stakes wouldn't be included
-
Query:
I claimed my AGS allocation via my KEYID wallet. I have something over a million DNS. Help me out here. Are my DNS still on the genesis block or did I move them to my wallet when I claimed them? Just trying to understand if claiming my DNS yesterday effected my allocation today.
Did you claim them before BM's announcement yesterday? If no, then you're not entitled to any of the AGS funds.
If yes, then I don't know... Did you move the funds around? Did you vote? If you just left them in your AGS private keys without moving them, I don't know the answer to your question... Anybody else?
-
Query:
I claimed my AGS allocation via my KEYID wallet. I have something over a million DNS. Help me out here. Are my DNS still on the genesis block or did I move them to my wallet when I claimed them? Just trying to understand if claiming my DNS yesterday effected my allocation today.
only people who are bought DNS on a exchange or get them from someone will get extra DNS from the I3 funds. Not AGS/PTS allocation on the genesis block.
My understanding is that anyone who had claimed DNS in their possession would have a part of the share drop. Unclaimed genesis stakes wouldn't be included
To be clear. Not just imported into a wallet. You would have to have moved them from there genesis address to another address. That is my understanding. Just importing them does not move them.
-
How would this work? won't most of this then just go to the exchange addresses? How will it make its way to individual users?
Bter and BTC38 are really great about distributing these kinds of things to users. The problem will be if they don't have pre-announcement snapshots...
The whole blockchain is a series of 10 second snapshots. Everybody has every possible snapshot. Pick a block. The snapshot is defined. Gotta love this stuff.
The question is whether the exchange has a snapshot of their internal records per account at that time. Not the blockchains record.
-
I would say I am speechless but for those that have met me you know that is never the case :) .
HUGE props to BM, toast, and I3 for doing this. You certainly didn't have to. This shows your commitment to the community, your willingness to take ownership of a bad situation, and make a fair decision to try and right the ship.
Outstanding.
-
doh! I bought a btc worth of DNS the day before the proposal expecting a 'merger' would push the price up, to my dismay it did the exact opposite and dropped it by more than 1/2. I of course then cut my losses yesterday and sold them all off at around 110. Then this announcement. I do not think I could have played this any worse.
The post that caused the 50% fall.
Unless this means I will get credit for having them at that moment?
I stated earlier that it wasn't just about the money. So if the snapshot with bter works out and your dns investment was a significant one for you I'll take care of that loss for you!
Just please be honest about it :)
-
If yes, then I don't know... Did you move the funds around? Did you vote? If you just left them in your AGS private keys without moving them, I don't know the answer to your question... Anybody else?
I suppose (!) that if you only imported the keys into your wallet this will not have been noticed by the blockchain, IOW the genesis transactions are still sitting in the genesis blocks. If, however, you "moved them around" by voting or otherwise sending them to a different address they will definitely have been moved from the genesis block. Lucky me. Hopefully.
I must say, this is indeed a *very* clever move by bm. The people who are most loudly complaining about his proposal are also the most likely to have touched their genesis stake. So this proposed "fix" is very well targeted.
-
If yes, then I don't know... Did you move the funds around? Did you vote? If you just left them in your AGS private keys without moving them, I don't know the answer to your question... Anybody else?
I suppose (!) that if you only imported the keys into your wallet this will not have been noticed by the blockchain, IOW the genesis transactions are still sitting in the genesis blocks. If, however, you "moved them around" by voting or otherwise sending them to a different address they will definitely have been moved from the genesis block. Lucky me. Hopefully.
I must say, this is indeed a *very* clever move by bm. The people who are most loudly complaining about his proposal are also the most likely to have touched their genesis stake. So this proposed "fix" is very well targeted.
The only people we need to make whole are those who bought in after launch. Those are necessarily shares that moved.
-
I'm trying to see if bter and btc38 can do retroactive snapshots
-
If yes, then I don't know... Did you move the funds around? Did you vote? If you just left them in your AGS private keys without moving them, I don't know the answer to your question... Anybody else?
I suppose (!) that if you only imported the keys into your wallet this will not have been noticed by the blockchain, IOW the genesis transactions are still sitting in the genesis blocks. If, however, you "moved them around" by voting or otherwise sending them to a different address they will definitely have been moved from the genesis block. Lucky me. Hopefully.
I must say, this is indeed a *very* clever move by bm. The people who are most loudly complaining about his proposal are also the most likely to have touched their genesis stake. So this proposed "fix" is very well targeted.
The only people we need to make whole are those who bought in after launch. Those are necessarily shares that moved.
I guess it's a moot question. But for the record, I CLAIMED the DNS. I did not move them from my KeyID wallet.
-
I'm trying to see if bter and btc38 can do retroactive snapshots
I think I recall Bter had trouble finding historical balances for the Lottoshares snapshots... Hopefully it's recent enough that won't be a problem.
-
I'm trying to see if bter and btc38 can do retroactive snapshots
At this point in time that may be asking a lot in cost benefit... We already narrowed the cost down to $325K which assuming only 20% was on exchanges we are talking $60,000. The cost to the exchanges exceeds all fees they might have earned... it was our issue not theirs. Lets save our relationship with the exchanges first by minimizing the amount of disruption we cause them.
-
I'm trying to see if bter and btc38 can do retroactive snapshots
At this point in time that may be asking a lot in cost benefit... We already narrowed the cost down to $325K which assuming only 20% was on exchanges we are talking $60,000. The cost to the exchanges exceeds all fees they might have earned... it was our issue not theirs. Lets save our relationship with the exchanges first by minimizing the amount of disruption we cause them.
ah I see, so i am out again, because the extra bought DNS i hold on the BTER account. tx for the efforts. i wish i bought more BTSX and not one more DNS. But i am so stupid to buy this worthless crap and i thought it will takle Namecoin. If you all not realize it, this was reality 2 days before , so my investment decision was based on this vision told from Bytemaster, Toast and I3.
But you see, my poste are going to be a little be cooler, not so hot and angry anymore. I can handle this, but i will not learn from it, because in the future i will trust someone again and hopefully BTS will fullfill this promise.
i feel that the pressure is rising for I3 Team, because now it is only on egg in the basket and failures will be much worth then in the vision before.
-
I'm trying to see if bter and btc38 can do retroactive snapshots
At this point in time that may be asking a lot in cost benefit... We already narrowed the cost down to $325K which assuming only 20% was on exchanges we are talking $60,000.
I guess the 20% assumption may not quite be correct, since it took you at least a week to get out 10M DNS for example.
They had low daily withdrawal limits, which is part of the reason I still have more on it than I would have otherwise.
Again: not complaining here, just trying to help with facts.
Thanks for you efforts!
-
+5% +5% +5% for this! IMHO no one has ever done this to cover the losses of people so I am speechless..
Once I saw the announcement and saw people dumping their DNS I panicked, claimed my shares and sold them since I thought that DNS will have no value anymore. I sold them at 0.0000011-0.0000013 :(
-
(Hate to sound like a broken record but I hope a Chinese translation is out there)
-
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
-
How would this work? won't most of this then just go to the exchange addresses? How will it make its way to individual users?
It doesn't help those with balances on the exchange at the snapshot date... cannot help everyone though I try.
If exchanges don't distribute compensation funds to users with DNS (like me), then they pocket our money.
-
This matter is very complicated. I lost two-thirds of the money. CNY 0.0092 to buy 7 million dns
-
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
-
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
What about all those who bought in immediately after the announcement; all those who had the higher than current price buy orders?
-
You should try to talk to the exchanges and see if they can get the shares to the right people - because those were the main people who were actually hurt by this.
-
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
What about all those who bought in immediately after the announcement; all those who had the higher than current price buy orders?
Anyone buying after the announcement was doing so in a market with the information available. Cannot make all trades profitable.
-
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
What about all those who bought in immediately after the announcement; all those who had the higher than current price buy orders?
Anyone buying after the announcement was doing so in a market with the information available. Cannot make all trades profitable.
You are assuming they were all sitting there with their face glued here waiting for any announcement. There were buy orders which were just set there.
-
I do not agree with you, if not merge, DNS can develop well, we invest DNS, is optimistic about its future. You put it stifles
-
+5% +5% +5% for this! IMHO no one has ever done this to cover the losses of people so I am speechless..
Once I saw the announcement and saw people dumping their DNS I panicked, claimed my shares and sold them since I thought that DNS will have no value anymore. I sold them at 0.0000011-0.0000013 :(
I think you don't benefit from this scheme. Whatever you did was after the snapshot so you won't be getting anything.
Instead of sharedropping, BM should just ask for reversal of trades. Any shortfall due to people withdrawing money would be compensated. Might work out cheaper.
-
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
What about all those who bought in immediately after the announcement; all those who had the higher than current price buy orders?
Anyone buying after the announcement was doing so in a market with the information available. Cannot make all trades profitable.
You are assuming they were all sitting there with their face glued here waiting for any announcement. There were buy orders which were just set there.
Anyone on an exchange is SOL...
-
Those were your short-term speculators who were waiting to sell again when it bumped.
-
When do we expect these payments to be made?
-
When do we expect these payments to be made?
Exodus block of BTSX... with all the other merged stakes.
-
Just to be clear, the snapshot is being taken from before the thread Bytemaster posted titled "Proposed Allocation for Merger" at a time of " October 21, 2014, 12:26:43 EST"?
If your DNS was on an exchange at that moment OR if your dns had yet to be claimed, then this fix will not apply.
If your DNS was in your wallet, then this will apply.
Correct? If not, what am I (are we) misunderstanding?
-
Just to be clear, the snapshot is being taken from before the thread Bytemaster posted titled "Proposed Allocation for Merger" at a time of " October 21, 2014, 12:26:43 EST"?
If your DNS was on an exchange at that moment OR if your dns had yet to be claimed, then this fix will not apply.
If your DNS was in your wallet, then this will apply.
Correct? If not, what am I (are we) misunderstanding?
Yes
-
When do we expect these payments to be made?
Exodus block of BTSX... with all the other merged stakes.
Ohhh, I see... so people will claim by importing their KeyID wallets?
Sent from my SCH-S720C using Tapatalk 2
-
When do we expect these payments to be made?
Exodus block of BTSX... with all the other merged stakes.
Ohhh, I see... so people will claim by importing their KeyID wallets?
Sent from my SCH-S720C using Tapatalk 2
Yes
-
So if shares haven't been claimed from the genesis block then nothing needs to be done? The BTS allocation will be based on the DNS snapshot for PTS/AGS holders? Or will we still need to import the private keys?
-
So if shares haven't been claimed from the genesis block then nothing needs to be done? The BTS allocation will be based on the DNS snapshot for PTS/AGS holders? Or will we still need to import the private keys?
Nothing needs to be done if you never moved your balance in DNS.
-
In some sense .. people that took their stake out of the genesis just to VOTE .. benefit from this ..
Lucky me .. still not sure if I want it .. it is kind of unfair .. at least to the devs/I3 ..
//edit: I'll most certainly send my 'extra' stake back to you guys .. I won't take it!
It just doesn't feel right to get a bonus for moving my funds out of the genesis block
-
So if shares haven't been claimed from the genesis block then nothing needs to be done? The BTS allocation will be based on the DNS snapshot for PTS/AGS holders? Or will we still need to import the private keys?
Nothing needs to be done if you never moved your balance in DNS.
Great, thanks!
-
Actually I'm not a trader, I was newbie trying to get a wallet registered because I couldn't move my DNS otherwise
and so I left my DNS on my BTER account for a few days and now..
I'm SOL simply because..?? a bitshares registration procedure prevented me from immediately moving my dns purchase from the exchange which I would have normally done.
Quite a memorable first BitShares experience I'm having..
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
-
Actually I'm not a trader, I was newbie trying to get a wallet registered because I couldn't move my DNS otherwise
and so I left my DNS on my BTER account for a few days and now..
I'm SOL simply because..?? a bitshares registration procedure prevented me from immediately moving my dns purchase from the exchange which I would have normally done.
Quite a memorable first BitShares experience I'm having..
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
maybe BTER can settel this if they hold records. They are forward looking people who will give our share if they can.
really funny part is. BTSX is building a trading plattform and the only people who are always screwed are "traders". i don't get the logic behind, if the traders just fud to get rid of them. i am not a trader i invest and kept the bought DNS on BTER out of convience.
-
We cannot promise anything but know that if we can we try to do right by everyone.
-
We cannot promise anything but know that if we can we try to do right by everyone.
thanks bytemaster. it is just the effort it is important. the most of my DNS are from AGS so on this allocation we disagree, but this is now the past.
do you have already posted the new "vision" , you have in your head? would be good to read something to get rid of the bad taste :D
-
getting a little confused. Can someone explain exactly what snapshots of what are being merged?
There is the original DNS & Vote Snapshots and the upcoming PTS snapshot and is their now another DNS snapshot pre-announcement or is that replacing the original DNS?
Edit: and AGS
-
getting a little confused. Can someone explain exactly what snapshots of what are being merged?
There is the original DNS & Vote Snapshots and the upcoming PTS snapshot and is their now another DNS snapshot pre-announcement or is that replacing the original DNS?
Edit: and AGS
https://bitsharestalk.org/index.php?topic=10279.0
-
getting a little confused. Can someone explain exactly what snapshots of what are being merged?
There is the original DNS & Vote Snapshots and the upcoming PTS snapshot and is their now another DNS snapshot pre-announcement or is that replacing the original DNS?
Edit: and AGS
It's the original snapshots as in the now infamous "Proposed Allocation for Merger" thread for all assets on November 5th. The only additional thing is that I3 is going to gift their share of the DNS allocation (about 10% of DNS supply) to all DNS addresses on the block just prior to the thread post that 1) Had a balance and 2) Are not in the genesis block. There is no action required: You either are going to get additional airdrop from this or your not.
-
getting a little confused. Can someone explain exactly what snapshots of what are being merged?
There is the original DNS & Vote Snapshots and the upcoming PTS snapshot and is their now another DNS snapshot pre-announcement or is that replacing the original DNS?
Edit: and AGS
It's the original snapshots as in the now infamous "Proposed Allocation for Merger" thread for all assets on November 5th. The only additional thing is that I3 is going to gift their share of the DNS allocation (about 10% of DNS supply) to all DNS addresses on the block just prior to the thread post that 1) Had a balance and 2) Are not in the genesis block. There is no action required: You either are going to get additional airdrop from this or your not.
So, where is the Vote and DNS snapshots coming from? The original snapshot or a new one on November 5?
Edit: I thought it was as follows:
Vote: Original Snapshot
DNS: Original Snapshot plus special pre-announcement snapshot
PTS/AGS: November 5 snapshot
-
getting a little confused. Can someone explain exactly what snapshots of what are being merged?
There is the original DNS & Vote Snapshots and the upcoming PTS snapshot and is their now another DNS snapshot pre-announcement or is that replacing the original DNS?
Edit: and AGS
It's the original snapshots as in the now infamous "Proposed Allocation for Merger" thread for all assets on November 5th. The only additional thing is that I3 is going to gift their share of the DNS allocation (about 10% of DNS supply) to all DNS addresses on the block just prior to the thread post that 1) Had a balance and 2) Are not in the genesis block. There is no action required: You either are going to get additional airdrop from this or your not.
why is it now infamous?
-
If there is a lot of this...
In some sense .. people that took their stake out of the genesis just to VOTE .. benefit from this ..
Lucky me .. still not sure if I want it .. it is kind of unfair .. at least to the devs/I3 ..
//edit: I'll most certainly send my 'extra' stake back to you guys .. I won't take it!
It just doesn't feel right to get a bonus for moving my funds out of the genesis block
...combined with a lot of this...
Actually I'm not a trader, I was newbie trying to get a wallet registered because I couldn't move my DNS otherwise
and so I left my DNS on my BTER account for a few days and now..
I'm SOL simply because..?? a bitshares registration procedure prevented me from immediately moving my dns purchase from the exchange which I would have normally done.
Quite a memorable first BitShares experience I'm having..
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
...could we organize a shuffling act to compensate people such as sirlo?
I'm lacking technical knowledge, but could this work? sirlo has been very unfortunate, and posted here on the forum about it. xeroc has been outstanding with his attitude. What if we could discover people in sirlo's position and also those like xeroc, and even things out a bit? I guess it's not feasible, but I want to ask the question just in case...
I know xeroc wasn't offering anything to sirlo - I just want to ascertain whether or not the idea is feasible and also whether or not the community would want to support people like sirlo.
-
getting a little confused. Can someone explain exactly what snapshots of what are being merged?
There is the original DNS & Vote Snapshots and the upcoming PTS snapshot and is their now another DNS snapshot pre-announcement or is that replacing the original DNS?
Edit: and AGS
It's the original snapshots as in the now infamous "Proposed Allocation for Merger" thread for all assets on November 5th. The only additional thing is that I3 is going to gift their share of the DNS allocation (about 10% of DNS supply) to all DNS addresses on the block just prior to the thread post that 1) Had a balance and 2) Are not in the genesis block. There is no action required: You either are going to get additional airdrop from this or your not.
So, where is the Vote and DNS snapshots coming from? The original snapshot or a new one on November 5?
The November 5th snapshot will go off as planned without change. Although Vote was never released for public trading the snapshot still happened on Sept 21st so the allocations are known. Since it wasn't publicly traded there wasn't anyone that bought in over and above their allocation. I3 will then send the BTS they got from their DNS to addresses as above. They are just using the pre-thread-post-date as a date to get a list of the addresses their going to distribute the their BTS to.
-
getting a little confused. Can someone explain exactly what snapshots of what are being merged?
There is the original DNS & Vote Snapshots and the upcoming PTS snapshot and is their now another DNS snapshot pre-announcement or is that replacing the original DNS?
Edit: and AGS
It's the original snapshots as in the now infamous "Proposed Allocation for Merger" thread for all assets on November 5th. The only additional thing is that I3 is going to gift their share of the DNS allocation (about 10% of DNS supply) to all DNS addresses on the block just prior to the thread post that 1) Had a balance and 2) Are not in the genesis block. There is no action required: You either are going to get additional airdrop from this or your not.
So, where is the Vote and DNS snapshots coming from? The original snapshot or a new one on November 5?
The November 5th snapshot will go off as planned without change. Although Vote was never released for public trading the snapshot still happened on Sept 21st so the allocations are known. Since it wasn't publicly traded there wasn't anyone that bought in over and above their allocation. I3 will then send the BTS they got from their DNS to addresses as above. They are just using the pre-thread-post-date as a date to get a list of the addresses their going to distribute the their BTS to.
Is it this?
Vote: Original Snapshot
DNS: Original Snapshot plus special pre-announcement snapshot (coming from I3)
PTS/AGS: November 5 snapshot
-
getting a little confused. Can someone explain exactly what snapshots of what are being merged?
There is the original DNS & Vote Snapshots and the upcoming PTS snapshot and is their now another DNS snapshot pre-announcement or is that replacing the original DNS?
Edit: and AGS
It's the original snapshots as in the now infamous "Proposed Allocation for Merger" thread for all assets on November 5th. The only additional thing is that I3 is going to gift their share of the DNS allocation (about 10% of DNS supply) to all DNS addresses on the block just prior to the thread post that 1) Had a balance and 2) Are not in the genesis block. There is no action required: You either are going to get additional airdrop from this or your not.
So, where is the Vote and DNS snapshots coming from? The original snapshot or a new one on November 5?
The November 5th snapshot will go off as planned without change. Although Vote was never released for public trading the snapshot still happened on Sept 21st so the allocations are known. Since it wasn't publicly traded there wasn't anyone that bought in over and above their allocation. I3 will then send the BTS they got from their DNS to addresses as above. They are just using the pre-thread-post-date as a date to get a list of the addresses their going to distribute the their BTS to.
Is it this?
Vote: Original Snapshot
DNS: Original Snapshot plus special pre-announcement snapshot (coming from I3)
PTS/AGS: November 5 snapshot
No, DNS is november 5th plus special pre-announcement subsidy. I'll make another post to clarify DNS end-of-life.
-
getting a little confused. Can someone explain exactly what snapshots of what are being merged?
There is the original DNS & Vote Snapshots and the upcoming PTS snapshot and is their now another DNS snapshot pre-announcement or is that replacing the original DNS?
Edit: and AGS
It's the original snapshots as in the now infamous "Proposed Allocation for Merger" thread for all assets on November 5th. The only additional thing is that I3 is going to gift their share of the DNS allocation (about 10% of DNS supply) to all DNS addresses on the block just prior to the thread post that 1) Had a balance and 2) Are not in the genesis block. There is no action required: You either are going to get additional airdrop from this or your not.
So, where is the Vote and DNS snapshots coming from? The original snapshot or a new one on November 5?
The November 5th snapshot will go off as planned without change. Although Vote was never released for public trading the snapshot still happened on Sept 21st so the allocations are known. Since it wasn't publicly traded there wasn't anyone that bought in over and above their allocation. I3 will then send the BTS they got from their DNS to addresses as above. They are just using the pre-thread-post-date as a date to get a list of the addresses their going to distribute the their BTS to.
Is it this?
Vote: Original Snapshot
DNS: Original Snapshot plus special pre-announcement snapshot (coming from I3)
PTS/AGS: November 5 snapshot
Vote: Original Snapshot
DNS: Nov 5
PTS/AGS :Nov 5
BTSX: Nov 5
BTS is a whole new thing. Everything gets snapped :)
-
getting a little confused. Can someone explain exactly what snapshots of what are being merged?
There is the original DNS & Vote Snapshots and the upcoming PTS snapshot and is their now another DNS snapshot pre-announcement or is that replacing the original DNS?
Edit: and AGS
It's the original snapshots as in the now infamous "Proposed Allocation for Merger" thread for all assets on November 5th. The only additional thing is that I3 is going to gift their share of the DNS allocation (about 10% of DNS supply) to all DNS addresses on the block just prior to the thread post that 1) Had a balance and 2) Are not in the genesis block. There is no action required: You either are going to get additional airdrop from this or your not.
So, where is the Vote and DNS snapshots coming from? The original snapshot or a new one on November 5?
The November 5th snapshot will go off as planned without change. Although Vote was never released for public trading the snapshot still happened on Sept 21st so the allocations are known. Since it wasn't publicly traded there wasn't anyone that bought in over and above their allocation. I3 will then send the BTS they got from their DNS to addresses as above. They are just using the pre-thread-post-date as a date to get a list of the addresses their going to distribute the their BTS to.
Is it this?
Vote: Original Snapshot
DNS: Original Snapshot plus special pre-announcement snapshot (coming from I3)
PTS/AGS: November 5 snapshot
No, DNS is november 5th plus special pre-announcement subsidy. I'll make another post to clarify DNS end-of-life.
Okay, that would help.
-
If there is a lot of this...
In some sense .. people that took their stake out of the genesis just to VOTE .. benefit from this ..
Lucky me .. still not sure if I want it .. it is kind of unfair .. at least to the devs/I3 ..
//edit: I'll most certainly send my 'extra' stake back to you guys .. I won't take it!
It just doesn't feel right to get a bonus for moving my funds out of the genesis block
...combined with a lot of this...
Actually I'm not a trader, I was newbie trying to get a wallet registered because I couldn't move my DNS otherwise
and so I left my DNS on my BTER account for a few days and now..
I'm SOL simply because..?? a bitshares registration procedure prevented me from immediately moving my dns purchase from the exchange which I would have normally done.
Quite a memorable first BitShares experience I'm having..
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
...could we organize a shuffling act to compensate people such as sirlo?
I'm lacking technical knowledge, but could this work? sirlo has been very unfortunate, and posted here on the forum about it. xeroc has been outstanding with his attitude. What if we could discover people in sirlo's position and also those like xeroc, and even things out a bit? I guess it's not feasible, but I want to ask the question just in case...
I know xeroc wasn't offering anything to sirlo - I just want to ascertain whether or not the idea is feasible and also whether or not the community would want to support people like sirlo.
I will be getting about $16 20500, worth of DNS due to this proposal (the rest were already at the exchange, which I considered a smart move in anticipation of the announcement ). Anyway I manage to sell at 220 to 200 range so I do not think I deserve the bonus proposed in this thread, so if somebody organizes such a fund I will be happy to send those funds there instead of sending them back to I3.
-
So, people can still buy DNS and PTS now (before November 5) and get it merged into BTSX ?
-
So, people can buy DNS and PTS now (before November 5) and get it merged into BTSX right?
Yes.. with 2 year linear vesting.
-
So, people can buy DNS and PTS now (before November 5) and get it merged into BTSX right?
Yes.. with 2 year linear vesting.
Okay, not sure that was clear to everyone, regarding DNS.
Edit: Not sure what the economics of that would be though (math...:( ).
-
Yet another example of why Bitshares has the best dev team in the business.
Remember, all investments are ultimately investments in people.
-
Yet another example of why Bitshares has the best dev team in the business.
Remember, all investments are ultimately investments in people.
Good advice.
-
any official post that explain new plan bts all in one?
-
If there is a lot of this...
In some sense .. people that took their stake out of the genesis just to VOTE .. benefit from this ..
Lucky me .. still not sure if I want it .. it is kind of unfair .. at least to the devs/I3 ..
//edit: I'll most certainly send my 'extra' stake back to you guys .. I won't take it!
It just doesn't feel right to get a bonus for moving my funds out of the genesis block
...combined with a lot of this...
Actually I'm not a trader, I was newbie trying to get a wallet registered because I couldn't move my DNS otherwise
and so I left my DNS on my BTER account for a few days and now..
I'm SOL simply because..?? a bitshares registration procedure prevented me from immediately moving my dns purchase from the exchange which I would have normally done.
Quite a memorable first BitShares experience I'm having..
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
...could we organize a shuffling act to compensate people such as sirlo?
I'm lacking technical knowledge, but could this work? sirlo has been very unfortunate, and posted here on the forum about it. xeroc has been outstanding with his attitude. What if we could discover people in sirlo's position and also those like xeroc, and even things out a bit? I guess it's not feasible, but I want to ask the question just in case...
I know xeroc wasn't offering anything to sirlo - I just want to ascertain whether or not the idea is feasible and also whether or not the community would want to support people like sirlo.
I will be getting about $16 20500, worth of DNS due to this proposal (the rest were already at the exchange, which I considered a smart move in anticipation of the announcement ). Anyway I manage to sell at 220 to 200 range so I do not think I deserve the bonus proposed in this thread, so if somebody organizes such a fund I will be happy to send those funds there instead of sending them back to I3.
I will also donate to such a fund.
-
Just to be clear, the snapshot is being taken from before the thread Bytemaster posted titled "Proposed Allocation for Merger" at a time of " October 21, 2014, 12:26:43 EST"?
If your DNS was on an exchange at that moment OR if your dns had yet to be claimed, then this fix will not apply.
If your DNS was in your wallet, then this will apply.
Correct? If not, what am I (are we) misunderstanding?
I claimed my dns,but at this moment,my dns was in my wallet,then what??
-
Yet another example of why Bitshares has the best dev team in the business.
Remember, all investments are ultimately investments in people.
Good advice.
mmmmmmmmmmmmmmm
you are right. so i just invested in the wrong people - oh, sry - they are the same you are talking, but maybe you are on the sunny side of the merger and i am not ;)
-
I'm trying to see if bter and btc38 can do retroactive snapshots
Hop they can do ít, my DNS is still on BTER from that day :)
-
Just for clarification:
Claimed DNS prior to THE BM's post, transfered ALL DNS to the exchanger for trade and never transfer any DNS back to local wallet.
I think this case is out of this fix plan, right?
-
Just for clarification:
Claimed DNS prior to THE BM's post, transfered ALL DNS to the exchanger for trade and never transfer any DNS back to local wallet.
I think this case is out of this fix plan, right?
Correct, you'll only get the snapshot at these newer lower prices.
I know someone is putting together a thread to try to examine things on a case-by-case basis and try to make more stakeholders whole - some people got this bonus allocation when they feel they shouldn't have.
-
Yet another example of why Bitshares has the best dev team in the business.
Remember, all investments are ultimately investments in people.
Good advice.
mmmmmmmmmmmmmmm
you are right. so i just invested in the wrong people - oh, sry - they are the same you are talking, but maybe you are on the sunny side of the merger and i am not ;)
I'm just excited about the merger overall. I don't know if I am on the sunny side or not really. Probably I am I guess, by comparison to some, but I think the long-term prospect is much better for everyone...but I can understand the feeling of loss and disappointment. I lost all my LTS...and lost a lot of BTSX due to my error...but I just put it behind me and make the best decision I can moving forward.
-
I lost all my LTS...and lost a lot of BTSX due to my error...but I just put it behind me and make the best decision I can moving forward.
I Feel the same. Although for me is LTS and DNS...
-
Just for clarification:
Claimed DNS prior to THE BM's post, transfered ALL DNS to the exchanger for trade and never transfer any DNS back to local wallet.
I think this case is out of this fix plan, right?
Correct, you'll only get the snapshot at these newer lower prices.
I know someone is putting together a thread to try to examine things on a case-by-case basis and try to make more stakeholders whole - some people got this bonus allocation when they feel they shouldn't have.
Thanks for quick clarification. I think it's reasonable to lable me as a trade or SOL in this case which I'm not. LOL
It's the attitude you and BM always considering our shareholders benefit that I personally much appreciated at.
Toast, we all can see you are under much pressure. Just don't be that way. wish u work happy and bring us more value in the future! Because as a investor rather than a speculatior I'm LONG with you.
-
(http://fr.globedia.com/images/nouvelles/2012/12/5/unite-nouveau-modele-post-2012-marche-comment_1_680461.jpg)
-
Proof of Burn thread.
https://bitsharestalk.org/index.php?topic=10392.0
Sent from my SM-G900T using Tapatalk
-
I'm trying to see if bter and btc38 can do retroactive snapshots
At this point in time that may be asking a lot in cost benefit... We already narrowed the cost down to $325K which assuming only 20% was on exchanges we are talking $60,000. The cost to the exchanges exceeds all fees they might have earned... it was our issue not theirs. Lets save our relationship with the exchanges first by minimizing the amount of disruption we cause them.
oh,another exchange you need to contact is Yunbi ,they're one of the DNS and BTSX exchange too,and doing great.
They're funded by Li XiaoLai(you know who...).
how do you want to contact them,I can help.
Thanks for mention Mars.Walker :)
Yunbi is capable of retroactive snapshots. We'll do our best to protect our customers' investments.
-
I'm trying to see if bter and btc38 can do retroactive snapshots
At this point in time that may be asking a lot in cost benefit... We already narrowed the cost down to $325K which assuming only 20% was on exchanges we are talking $60,000. The cost to the exchanges exceeds all fees they might have earned... it was our issue not theirs. Lets save our relationship with the exchanges first by minimizing the amount of disruption we cause them.
oh,another exchange you need to contact is Yunbi ,they're one of the DNS and BTSX exchange too,and doing great.
They're funded by Li XiaoLai(you know who...).
how do you want to contact them,I can help.
Thanks for mention Mars.Walker :)
Yunbi is capable of retroactive snapshots. We'll do our best to protect our customers' investments.
Wow, thank you! Great to hear.
-
Yet another example of why Bitshares has the best dev team in the business.
Remember, all investments are ultimately investments in people.
Good advice.
mmmmmmmmmmmmmmm
you are right. so i just invested in the wrong people - oh, sry - they are the same you are talking, but maybe you are on the sunny side of the merger and i am not ;)
The majority of my investment in Bitshares was AGS and PTS, pre and post Feb. 28.
We are probably on the same side.
What I see is a great dev team doing whatever it takes to push out the best tech possible.
Ultimately this approach will maximize returns for shareholders.
Short term vs. long term greed...
-
Ok so I have DNS from AGS that are still in genesis that can stay there. I see the long term benefits of 2 year vesting through DNS and go buy them ridiculously cheap on BTC 38.
I want a safe place for my DNS where I can stash them for my BTS treat in 2 years. What do I do? No chance anyone in their right mind will leave an exchange to safe keep for the 2 year period.
-
Ok so I have DNS from AGS that are still in genesis that can stay there. I see the long term benefits of 2 year vesting through DNS and go buy them ridiculously cheap on BTC 38.
I want a safe place for my DNS where I can stash them for my BTS treat in 2 years. What do I do? No chance anyone in their right mind will leave an exchange to safe keep for the 2 year period.
If they're still in the AGS keys then you can just leave them as they are. You can claim them in BTS as they vest using those same keys.
-
Ok so I have DNS from AGS that are still in genesis that can stay there. I see the long term benefits of 2 year vesting through DNS and go buy them ridiculously cheap on BTC 38.
I want a safe place for my DNS where I can stash them for my BTS treat in 2 years. What do I do? No chance anyone in their right mind will leave an exchange to safe keep for the 2 year period.
If they're still in the AGS keys then you can just leave them as they are. You can claim them in BTS as they vest using those same keys.
Thankyou toast but I also bought many on BTC 38 once oversold.
How can I look after these babys?
-
Ok so I have DNS from AGS that are still in genesis that can stay there. I see the long term benefits of 2 year vesting through DNS and go buy them ridiculously cheap on BTC 38.
I want a safe place for my DNS where I can stash them for my BTS treat in 2 years. What do I do? No chance anyone in their right mind will leave an exchange to safe keep for the 2 year period.
If they're still in the AGS keys then you can just leave them as they are. You can claim them in BTS as they vest using those same keys.
Thankyou toast but I also bought many on BTC 38 once oversold.
How can I look after these babys?
BTC38 will honor the november 5th snapshot, but if you want to take care of them yourself then you can withdraw to a DNS wallet.
-
Ok so I have DNS from AGS that are still in genesis that can stay there. I see the long term benefits of 2 year vesting through DNS and go buy them ridiculously cheap on BTC 38.
I want a safe place for my DNS where I can stash them for my BTS treat in 2 years. What do I do? No chance anyone in their right mind will leave an exchange to safe keep for the 2 year period.
Transfer them to your wallet [bter allows transfer to public key]. Use 72character password for the wallet. Print the password 7 times and store the 7 copies in 7 different secure locations [underground bunkers]. After 1 month or so import all your funds in BTS. Delete the DNS and BTS client. Burn the computer and throw the ashes in the nearest ocean. After 2 years,sell 5% of your BTS stake and retire...
-
My PTS wallet cannot be installed in the computer, windows 8.1 (i know some window8.1 can , but not my computer. the install program still have some problems, i tried to figured out this question and asked for help on this forum, but it can not be solved), and since i thought i should hold DNS for a long time just like AGS, PTS, BTS, because i am a long-term supporter.
however, the result is that BM is going to compensate some speculators, not the long-term supporters?????????????????
i feel really dissappointed.
BM only tries to kiss ass to the new comers, but not our long-term supporters. this happened many times. a little frustrated and very dissappointed. 3I could use the money do whatever they want and do not need us to vote for the advice, is this community consensus????????????????
Thanks, can 3I team member answer me this.
-
Transfer them to your wallet [bter allows transfer to public key]. Use 72character password for the wallet. Print the password 7 times and store the 7 copies in 7 different secure locations [underground bunkers]. After 1 month or so import all your funds in BTS. Delete the DNS and BTS client. Burn the computer and throw the ashes in the nearest ocean. After 2 years,sell 5% of your BTS stake and retire...
Probably the best advice I 've seen so far.. +5%
-
Actually I'm not a trader, I was newbie trying to get a wallet registered because I couldn't move my DNS otherwise
and so I left my DNS on my BTER account for a few days and now..
I'm SOL simply because..?? a bitshares registration procedure prevented me from immediately moving my dns purchase from the exchange which I would have normally done.
Quite a memorable first BitShares experience I'm having..
All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?
The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.
Or have I misunderstood it all completely?
I don't think there are any losers except those with funds on the exchange and US. Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.
maybe BTER can settel this if they hold records. They are forward looking people who will give our share if they can.
really funny part is. BTSX is building a trading plattform and the only people who are always screwed are "traders". i don't get the logic behind, if the traders just fud to get rid of them. i am not a trader i invest and kept the bought DNS on BTER out of convience.
Yup I'm in the same exact boat :(
Hopefully BTER can do something!
-
Thankyou toast but I also bought many on BTC 38 once oversold.
How can I look after these babys?
Is it your hope that someone else picks up the mantle of the DNS/KeyID in two years? Just want to make sure you know what's actually happening :).
After Nov 5th your DNS will still be liquid. It's the BTS that is airdropped for you in the new DAC, based on your DNS balance, that vests over two years.
-
I'm trying to see if bter and btc38 can do retroactive snapshots
Hey toast,
Thank you… I appreciate the sentiment expressed and fully recognize that you are doing
your best under arduous circumstances.
Even though I have a fair amount of business experience ( in startup and other situations) this merger and its aftermath was not exactly the kind of situation someone on the outside could foresee or hedge against -- even with a pocketful of bitUSD .
But I know how dynamic situations can be when you are breaking new ground so to speak ..and this DAC/DPOS ecosphere is quite pioneering.. and for me it’s a challenging learning curve and I’m sure for most “newbie -investor-shareholder– enthusiasts “ it’s also a venture into unknown territory .. I was trying to choose whether to invest in precious metals, DNS or BTC…I chose DNS…
So obviously you, BM etc., had to make some tough choices and I see that the I3 team is voluntarily trying to provide consolation at their own expense -- which in this day and age is indeed a rare principled and altruistic gesture.
So kudos, you exhibit much integrity and that gives me faith to probably invest even more than I might have initially contemplated & I will continue to support..
The silver lining in this situation is that I and all US taxpayers can still write off up to $3k in capital losses against ordinary income on our tax returns and for those who may have incurred greater losses they can carry them forward to future years to be offset against, HOPEFULLY, substantial BTS(x)capital gains.!
I don’t know about the tax laws in other countries but all US based investors are aware of this, so no harm in reminding DNS (USA) holders.. and of course those of us who have also lost a chunk on BTC…( are painfully aware..LOL !
So the best solace is success and I wish the best for all the DACs..(or as of Nov. 5th..a.k.a. BTS features..!)
and thanks to Hadrian (link) also for his or her words
https://bitsharestalk.org/index.php?topic=10381.75
I think it was just a case of unfortunate timing for me.