Brownie is being perceived as being a potential sharedrop target for Cryptonomex' shares.
BTS going down, Brownie.PTS up.
This reinforces my fears that the market will perceive CNX as potentially more profitable than Bitshares and that there's a huge conflict of interest on the Dev's side.
With one deal with a decent bank, CNX may become more valuable then the entire current Bitshares market cap.
I am very confused...As far as I understand CNX will honor all BTS1:BTS2 in 1:1 conversion and all bitassets. In CNX bitasset creation will happen again with shortselling and using BTS as collateral isn't it? Therefore for every bitasset created in CNX you will still need 2xBTS as collateral to back this right? So I don't see how CNX can be a competitor to BTS...It is just an enhancement of the current client with much much more options isn't it?
CNX is separate centralised company owned by Dan, Stan, developers and a few others.
Originally AGS investors & then subsequently BTS thought they would own the 'toolkit' in the sense that they would be a sharedrop target for anyone that wanted to use it but the new toolkit, Graphene, that has mostly been developed without BTS/AGS funding will be owned and licensed by CNX, so CNX shareholders will benefit from it.