I've heard multiple people say it was better to eliminate mining and add angelshares because that "makes the deal better for PTS holders" but really that's a bunch of garbage.
Before if you wanted to get Bitshares you could do it one of two ways - Acquire Protoshares or Mine Bitshares when it came out. That meant anyone not wanting to mine or risk buying at post-launch market prices had to buy Protoshares, it was the only way.
Of course, Invictus didn't make any money off of that and so here comes Angelshares and the new deal where now instead of 10% of BTS going to PTS holders and 90% being mined over a number of years, it would be 50% with the other 50% going towards Angelshares holders. This makes sense for Invictus because now they have money pouring in, but for PTS holders? It means that your exclusivity is not only gone but so is any advantage you had. Since 100% of the money supply is out day one you'll have immediately depressed prices as people sell to recapitalize some of their gains in Bitcoin or move out entirely as they see the financial opportunity having passed.
Again, this is fine for Invictus, they got the funds and aren't much impacted except being able to buy more of the cheap BTS themselves. It does however make one wonder why it was even worth buying or acquiring PTS since a) BTS will be available cheaply due to over supply and b) PTS is the WORST way to vest yourselves with Bitshares because of the math at work. On February 28th Protoshares holders will get 1-1.5 Bitshares per PTS. On February 28th Angelshares holders will get 3-4 Bitshares per AGS. They both "cost" the same, but the more people who go into angelshares per day the worse the deal is for all of them. Protoshares holders have the option of getting the worst return on investment available or giving their money to invictus and competing with everybody else for the remaining AGS before none of this matters any more.
When the deal gets better for someone, it gets worse for someone else. I continue to be disappointed by the inability to acknowledge that.