- yes, the name Protoshares was changed to BitSharesPTS in the spring of 2014, and a I recall, this was because we wanted to raise the visibility of the sharedrop target
What do you mean, "as you recall"? You've proven that your recollection can't be trusted, because you've been insisting that it wasn't changed until October.
So when you say "as I recall", maybe you mean "since you've repeatedly proven me wrong, I'm going to change my story and pretend that I remembered it myself."
The choice was an obvious one that only you, and others in your shoes regret.
The obvious choice was a normal coinswap. They didn't do that, because they're greedy and wanted to have their coins and sell them too.
And now that I'm raising a stink about it, it looks like BitShares people regret it too. They don't want me talking about it or "trolling and fudding", but here I am. If it gives them a headache, hopefully it was worth the coins they sold twice.
"PTS merged with BTS, we don't regret it."
If they merged, why is PTS still trading separately for 16 satoshis? That's right - because
they gave themselves extra BTS to "replace" their PTS, and then they sold the PTS anyway.If they don't regret it, why are so many of them coming to this topic to lie about it?
However, of all the bad marketing decisions Invictus has made over the years, this was not one of them (to change the name from BitSharesX to BitShares and get rid of all competing chains to consolidate development).
You're saying they made a decision to get rid of the BitShares PTS blockchain? Then why didn't they attempt to actually do it?
The BitShares community is a contract-free zone where at no point in time shall there exist a legal obligation for any party to behave any way in the future.
Too late, you already promised your obligations at one point in time. If you don't want it to be serious, then stop selling it for real money.
Here is the BitShares Social Contract - That's the word YOU used, "Contract" - which obligates certain people to behave a certain way in the future - and you came up with it yourselves:https://web.archive.org/web/20140120131210/http://invictus-innovations.com/social-consensus/So if BitShares is a "contract-free zone", then the Larimers have to leave.
In total BTS will air drop 7% PTS, 7% AGS, 3% VOTE, and 3% DNS. This air drop is not a buyout or merger but a no strings attached gift to these communities to encourage them to contribute to BTSX rather than their own competitors.
PTS, AGS, VOTE and DNS stakes will vest linearly over 2 years, meaning that each day users will get to claim some of their stake.
PTS will continue to circulate and trade; however, without I3 planning any future snapshots its value will be based upon the speculative value of 3rd party DACs such as Music, Play, and others.
PTS / AGS holders will effectively receive 20% stake in all PAST and FUTURE blockchain ideas built by the Invictus team through this air drop, plus a much larger cut in DevShares, Play, and Music among others.
AGS was a gift... no strings attached. Anyone who has AGS and is complaining has no one they can blame but themselves for setting wrong expectations.
That's an outright lie.https://web.archive.org/web/20140120131210/http://invictus-innovations.com/social-consensus/Who set the expectations for what AGS holders would get? Did AGS holders publish those expectations themselves, at Invictus-Innovations.com?
PTS is liquid and will remain liquid.
PTS is receiving a gradual snapshot as features are implemented on a time table that is similar to when PTS would have received their snapshots.
holders were hoping for a future snapshot in a real DAC as obviously people don't want PTS just for PTS sake... until there is a "real dac" PTS holders are not really liquid.
...
So you don't want to be locked in for a gradual 2 year release.... then sell to someone who is willing to be locked in for 2 years. There are many buyers of PTS that are pricing in a discount for giving up liquidity and you have the option. Be liquid and sell today... or get a larger stake over 2 years.
If we look at the numbers:
PTS/AGS got 20% of BTSX = 400,000,000 BTSX
BTSX gets 80% of BTS = 2,000,000,000 BTS
PTS/AGS get 16% of the 500M BTS = 80,000,000 BTS
So in total PTS/AGS gets 19.2% of BTS. So the social contract is only short 0.8%.
Now any DAC that snapshots BTS to bootstrap their DAC will effectively be honoring AGS/PTS.
So PLEASE tell the Chinese community that even if they are furious about this situation that they DO NOT destroy any of their accounts that have a balance.
Yes but BTS will only be snapshotted 20% I presume so they will get 20% of 20% which is 4%. Tell them that we don't expect any forks worth while to fork at just 20%... I think third parties will do what is best... we always said that AGS/PTS was voluntariy and best practice is 10%.... not everyone does 10%. The point is that
I wouldn't worry about 3rd parties much... it would be like complaining that you aren't getting a large stake in all of the alt coins.
PTS will continue (we didn't take your PTS) you were just given a continuous share drop over the next 2 years which is what PTS was expecting anyway with new DACs being launched every couple of months. Your liquidity wasn't removed. You can sell your PTS if you like.
But you're already quoted saying "obviously people don't want PTS just for PTS sake".
So you didn't take their PTS, but you did take away its value. Thank you for finding more quotes showing the lies and bad business practices.
Can you find more quotes proving that the "community" is still centrally controlled by the Larimers, and they manipulate people into saying "we as a community made the decision" when in fact the community had no power to do anything?