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General Discussion / Re: The end of POW approaches...
« on: December 26, 2014, 10:38:40 pm »
Whether or not these are just reflective of the ideas expressed in the proposals, the problem is that myself and I assume many others were under the impression that what the second sharedrop to PTS and AGS was for was to ultimately buy out PTS and AGS for their features (including having BTS be the new sharedrop target for third parties as well). I was here all through the merger fiasco and not once did I think things would turn out like this, because it wasn't clearly communicated. I can almost guarantee there are many of us who would have strongly opposed the 14% sharedrop inflation to PTS and AGS if we would've known that PTS was gonna continue competing against us and steal resources/spotlight/community etc.
PTS is not a competitor to BTS and certainly nobody is "stealing resources" (that's not how open source software works). They are completely different tokens directed towards different applications. BTS is a feature-rich DAC that is intended to disrupt a variety of industries, while PTS is a DAC-agnostic sharedrop token that could never compete with BTS on features or development. No crypto-coin in history has EVER been displaced by a copycat clone or a token with a subset of its features. Other DACs will exist whether we want them to or not. PTS ensures that we get a stake in all of those tokens, many of which will be doing things that BTS doesn't desire to do (see Music for example). It is true that 3rd party DACs (not PTS) will compete with Bitshares and that some of them may be successful despite our wishes. PTS ensures that we own a stake in those tokens too. It is not a zero-sum game. We are not losing anything by holding both the vanilla DPoS sharedrop token (PTS) and the Ferrari of DACs (BTS). Killing one will not increase the value of the other, but having them both will probably lead to some synergy. This is the same reason why Toyota created Lexus, Honda created Acura, etc, etc, etc. They are directed towards different applications (not competitors), and yet they both promote the same underlying technology (DPoS).
Excellent words. The recent animosity towards PTS has given me a very sour taste in my mouth towards the mob mentality in the bitshares community. It feels all-too reminiscent of the tribalism you see over on the Nxt forum whenever you mention BTS.
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