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Each AGS was worth 500 bts, as there were 4,000,000 AGS and 2,000,000,000 btsYes but because of the early snapshot(28 feb) it was 500 x +-3.3= +-1650 BTS per AGS
Of the 4,000,000 AGS only half of them came from btc donated the other half came from PTS donated
This only answers half your question, I do not know how much in btc was raised before 2/28. That amount of btc divided by 2,000,000 x 500 would get you the average price per BTS paid by AGS investors I believe. I think it is about 1/2 of the current value of BTS.
Yeah, that was crazy. Only managed to make 2500 BTS price was just jumping up an down between 4500 and 4100.Here is the test... we've hit support (0.096cny) now we either make a new low and fall like a sinking ship or we rise from here... lets see what smart money wants to do.
Someone just went crazy trying to drive it up on bter. Half a million in volume (a lot for bter - which has much lower volume than btc38), and they drove it all the way to 4540 sat. It was over 10% higher on bter than on btc38 for a bit there.
I was madly putting in sell orders at 4500 and rebuying at 4300 (which was still 5% above the btc38 price), and I was getting hit instantly on every order I put in on BOTH the buy and sell side, as fast as I could put them in! It was literally free money, I made 4000 BTS in five minutes just being the market maker on both sides of the spread! Then it calmed down again and the price went back to tracking btc38.
I give up you win, have a good weekend.There's difference between a margin trade (in the BTS client) and going out for a loan.
If your margin got called, you wouldn't have to be scared that BM and Stan would be knocking on your door, to confiscate your house.
You are just talking about a different loan structure. A loan is borrowing money and paying interest to the lender. Using margin is borrowing money to buy an investment. It's simple. One does not have to put up their house as collateral to borrow money.
BitAssets pay interest. In theory what would stop Jimmy from borrowing money from a bank and then buying the BitAsset then using the interest from the BitAsset to pay the interest on the loan?
In theory I don't see why this would be wrong ethically or practically if the BitAssets paid enough in interest for it to pay off the loan. If the bank were to say pay it all back in full then the BitAsset could literally track exactly in BitUSD to the loan so it's not like the money can poof disappear.Ah great, everybody loves a good ponziwell , some bank I know , they would regularly sneak up on you , ask you to provide detailed proof of use for your loan , invoice , financial statement etc .... If you can't provide that , they will ask you to return the loan ASAP .
There are student loan \ house loans , but no BTS loans ....so ...
You can take a personal loan. It doesn't even have to be a huge loan but if each of us put $20,000-30,000 into BTS we'd all be millionaires if it hit $1 and the act of putting that much money into it would cause the price to rise, bring media attention, etc.
So it's almost a self fulfilling prophecy situation where the more money that gets put in the bucket the more
So if you do it as a business owner it's just investing in your own business but if you invest in a decentralized business equivalent then it's a ponzi?
I never thought I would see that attitude in this community. As long as the loan can be paid back the banks shouldn't care. As long as you don't lose the money then you shouldn't care. How would you lose the money on an interest paying BitUSD?
Ah great, everybody loves a good ponziwell , some bank I know , they would regularly sneak up on you , ask you to provide detailed proof of use for your loan , invoice , financial statement etc .... If you can't provide that , they will ask you to return the loan ASAP .
There are student loan \ house loans , but no BTS loans ....so ...
You can take a personal loan. It doesn't even have to be a huge loan but if each of us put $20,000-30,000 into BTS we'd all be millionaires if it hit $1 and the act of putting that much money into it would cause the price to rise, bring media attention, etc.
So it's almost a self fulfilling prophecy situation where the more money that gets put in the bucket the more
Given that PLAY will have its own chain...
I understand that BTS has the bigger network effect but is 10/10 AGS/PTS and 35 BTS reasonable? AGS/PTS were the ones that enabled this and AGS/PTS are the proto coins with all the early supporters...
Hackfisher can do as he pleases as long as the social consensus honored. so this allocation is fine. why start complaining? This allocation is totally fine.
Sure he can do what he wants! Support is based on a perception of fairness. It was the same with the Music DAC which also offered 10/10 initially. The discussion after the allocation announcement in the end lead to a better allocation. Discussion (not complaining) is never bad.
As for me: I will support the PLAY DAC ANYWAY but I would find it more "fair" to have more for AGS/PTS since AGS/PTS contributed something of value (initial funding for the toolkit).
Probably the reason is simpler that you thought----Play will honor PTS holders, and a lot of guys love PLAY(so far as I know in Chinese Community, because the core developer of PLAY is a Chinese in Shanghai).
Uhh...PLAY snapshot already happened yesterday though, right? No use holding PTS now, really...unless you want Rand Paul Coin I guess.
But anyway, the price is starting to crash slow and steady...price just looks high on CMC because the BTC38 price is still there, pulling up the average (even though they stopped trading).
