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Is there advantage to holding AGS over PTS
Stan:
--- Quote from: Amazon on January 03, 2014, 07:21:39 pm ---PTS can be traded, AGS can't.
But in current rate, exchanging PTS to AGS can get you more shares of future DACs launched by Invictus.
--- End quote ---
This is the big point. If you are accumulating PTS or AGS because you want to own a piece of every honoring DAC that comes along, then what difference does liquidity really make? AGS lets you amplify that stake because they convert at a ratio of better than 1:1 with PTS (so far).
To cash out, you sell the DACling eggs, not the golden goose.
:)
Stan:
--- Quote from: ripplexiaoshan on January 03, 2014, 07:43:50 pm ---Both PTS and AGS will be honored by all following DACs, including BTS. However, AGS can not be traded, which means the performance of 3I will definitely affect the value of AGS. On the other hand, the value of PTS also depends on the performance of 3I, doesn't it? Be aware that now you can get more AGS by donating same amount of PTS. To this point, I would rather get as many AGS as possible, if I want to hold PTS for long time.
--- End quote ---
In the short term, the performance of Invictus affects both. But we are building an ecosystem intended to outlive us. Owners of PTS and AGS are the heirs of that ecosystem. They already own it. Developers will have to please them because it is they (as the majority of all early adopters who know anything about crypto-equities) who have the power to make or break a new DAC. Launching a new DAC without their support is possible, but why do it the hard way?
In the end, you would have to give away more of your shares to attract some other group of less knowledgable people.
:)
ripplexiaoshan:
Both PTS and AGS will be honored by all following DACs, including BTS. However, AGS can not be traded, which means the performance of 3I will definitely affect the value of AGS. On the other hand, the value of PTS also depends on the performance of 3I, doesn't it? Be aware that now you can get more AGS by donating same amount of PTS. To this point, I would rather get as many AGS as possible, if I want to hold PTS for long time.
Amazon:
PTS can be traded, AGS can't.
But in current rate, exchanging PTS to AGS can get you more shares of future DACs launched by Invictus.
toast:
--- Quote from: seraphim on January 03, 2014, 07:17:32 pm ---You can sell your PTS at any time. Holding AGS makes you completely dependent on the success of 3I.
PTS may be honored by other DACs, AGS probably not, because they're used to fund 3I only.
So there's no advantage in holding AGS, and the disadvantages lead to the lower price.
--- End quote ---
Keep in mind that any DAC that uses code from bitshares will be required to honor AGS by the SCSL.
https://bitsharestalk.org/index.php?topic=1708.0
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