Quote from: smokim11 on March 02, 2014, 09:08:22 AM

Quote from: xeroc on March 01, 2014, 05:45:57 PM
No .. they are shares in futire dacs

It seems alot others don't know that. Never seen PTS dropped so much so quickly.

I think there should of been a rule that in order to get your bitshares, you would have to hold your PTS until its fully launched.

It looks like PTS will face huge price swings whenever a new DAC is released.

Yes but that is the nature of it an a totally healthy result of the market valueing oportunities. Read the article posted a few days ago by Dan on letstalkbitcoin on this topic! Answers all your questions. http://letstalkbitcoin.com/caution-watch-for-falling-pts/

Quote from: xeroc on March 01, 2014, 05:45:57 PM
No .. they are shares in futire dacs

It seems alot others don't know that. Never seen PTS dropped so much so quickly.

I think there should of been a rule that in order to get your bitshares, you would have to hold your PTS until its fully launched.

It looks like PTS will face huge price swings whenever a new DAC is released.

Quote from: xeroc on March 01, 2014, 05:45:57 PM
No .. they are shares in futire dacs

Agreed, we need to each decide a strategy:

Investor, buy/hold and contribute to the ecosystem as best we can.
Trader, attempt to time the market and remain largely indifferent to the project's success.

I for one, will seize every opportunity to help all worthy DAC projects that honors AGS/PTS stakeholders.

No .. they are shares in futire dacs

So... PTS are completely useless now?

Quote from: biophil on March 01, 2014, 05:24:19 PM
I have an honest question: Why are people so scared of PTS price swings? Yesterday's price drop was evidence that the market values BitShares XT; it reflects the fact that PTS after Feb 28 are literally worth less than PTS pre-Feb 28 because they don't entitle the bearer to BitShares X. Why is that scary?

I think the benefits of transparency (e.g., Invictus making public announcements of shapshot dates) far outweigh the benefits of a more stable price of PTS. Can you imagine the criticism Invictus would receive if we all wake up one morning and they announce that there was a snapshot yesterday? People who wanted in to that venture would feel cheated, people who didn't want in (i.e., wanted to sell pre-snapshot to reinvest at a lower price post-snapshot) would feel cheated; who exactly would benefit from this scenario?

Agreed.

I have an honest question: Why are people so scared of PTS price swings? Yesterday's price drop was evidence that the market values BitShares XT; it reflects the fact that PTS after Feb 28 are literally worth less than PTS pre-Feb 28 because they don't entitle the bearer to BitShares X. Why is that scary?

I think the benefits of transparency (e.g., Invictus making public announcements of shapshot dates) far outweigh the benefits of a more stable price of PTS. Can you imagine the criticism Invictus would receive if we all wake up one morning and they announce that there was a snapshot yesterday? People who wanted in to that venture would feel cheated, people who didn't want in (i.e., wanted to sell pre-snapshot to reinvest at a lower price post-snapshot) would feel cheated; who exactly would benefit from this scenario?

Would it be possible to base the amount of new BitShares X (or whatever the next DAC is) on coin age instead of just the current amount of PTS in a user's wallet?

Another strategy would be to have several new DACs publicly in the pipeline, and NOT publicly releasing the snapshot date for any of them.

This way people will have an incentive to continue holding their PTS for the best chance at receiving the next new DAC.