Quote from: liquiddrool on January 10, 2014, 08:14:29 pm

Would be nice to have bought a bit more back then!

i wasn't around at the time but those prices are awesome !

Am I missing something? Are we not basically at those prices yet again? We are at .013btc/pts on Cryptsy. And who's surprised?

Invictus diluted the value by changing what each PTS was worth in regards to future DACs. What most people understood to be a ~1:1 share in bitshares and other DACs changed in the past month to 10% of that. New social contract. Why shouldn't the value per PTS dilute to 10% of what it was when the stipulations on its use changed as well? The latest post in the thread, "Intrinsic value of Protoshares" is literally "this is no longer relevant and needs to be updated." Why? The intrinsic value has changed.

And AGS? For being against a central monetary authority, Invictus is sure acting like one. They have essentially pegged the value of PTS to AGS, and are diluting the value of PTS in favor of AGS. One PTS gets more than 1 AGS, but most people consider their intrinsic value (basically) to be equal. Why hold PTS when you can sell off into AGS? A rational market will continue to dilute PTS until the value of 1 PTS = 1 AGS. Unfortunately, until 50% of PTS are sold into AGS, the dilution will not stop. (!)

These poor choices are really burning a lot of the early adopters and enthusiastic supporters of PTS/bitshares. You can't expect the value to stay stable when you dilute it through changes in the social contract and artificially pegging it to another currency.

I may have been off with some of the details regarding 1:1 PTS:DACs, etc. I can't keep track with how often I feel these keep changing (or, I mean, being clarified). But I believe the merit of this post remains true. I think a rational person would leave PTS now. Even if that meant going into AGS - anything but PTS - because trust is lost and the valuation is corrupted.  I write this humbly with hope for a response. I don't want to sell my holdings.

I'm really excited about this as it's the first tangible display of what makes Protoshares so exciting. I think others are excited about this small step forward, also.

One question I have, is what was your incentive as a coin developer to honor the PTS blockchain? I have always wondered what incentives exist for developers to honor protoshares and its decedents.

This will be a neat case study. I'm curious if memorycoin releases with an increased value because of PTS?

Thanks and can't wait for block 32,000!

Price is hovering nicely at .010 even with BTC jumping up $100.

# of guests on the forum seems to stay really high and healthy.

I wish it was on more exchanges... but it's only a month old.

I'm mining with great profitability using cloud services.

There is no good reason why FTC and TRC are getting more hype than protoshares, though. Priority #1 should be getting on a major exchange. The rest will follow - ie, interest etc, and branding problems wont matter as much. People will do their own homework to figure out what this PTS asset is all about and why its at .010.

Actually, come to think of it, priority 1 should be getting rid of the world's most difficult captchas used on this forum .