Quote from: runpaint on September 23, 2015, 04:51:19 AM

Quote from: Pheonike on September 23, 2015, 12:32:37 AM

Protoshares which became PTS where sharedropped on. That was there purpose and when the the share drop happened they were suppose to die.

What do you mean? Are you saying that people were supposed to stop selling something that they had, that was still being bought on exchanges? Why would they stop?

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You have to understand, the developers (Dan) did not control PTS, it was a POW coin. After the share drop some ppl decided they wanted to keep it running. How do you stop a decentralize POW coin if people continue to mine it? That's why its confusing because there was no way to shutdown PTS after the drop.

Dan did control PTS, and he held PTS. He could have shut it down by requiring a coin swap. Then no exchange would continue to list PTS, because there would be no coins to sell.

Instead of shutting it down, he let himself keep all his PTS. Then, amazingly, "someone" gave Dan millions of extra PTS, and then "someone" dumped millions of PTS on the market so the price went from .002BTC to .00000125BTC in 7 days (December 13 to December 20).

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Brownie PTS is actually Brownie Points. People started abbreviating the Points to PTS which of course has caused more confusion for new people.

Yes, there is widespread confusion regarding what actions have been taken and why.

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Brownies are user token on on Bitshares issued by Dan to reward the people

But he gave them mostly to himself. And they're not to reward people - they're to control and threaten people, and to get more money for Dan and Stan.

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One of the partners decided that they wanted to drop on these peple

Out of 8 million Brownie PTS, Dan kept 4 million for himself. Then he "distributed" 4 million to his brother, the other devs, his friends, and people who became obligated to give him something in return; only ~ 50 actual people from the community received shares, and some of them got a total of 333 Brownie PTS.

So what you mean is "one of the partners decided to give a huge percentage of the free coins to Dan and Stan."

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Again brownies were not meant to be sharedropped on, but how do you stop somebody from doing it?

How do you know they weren't meant for sharedrops? Because they told you?

If they weren't meant for it, do you think it's a coincidence that Dan "accidentally" got a bunch of money out of it?

If they weren't meant for it, why did Dan spend 5000BTS to register them as a User Issued Asset? For fun? OH WOW, but then he also got 10% of the entire supply of Identibit! How lucky for him, and he didn't even plan it!

Just like Dan "didn't want PTS to continue, but then someone gave him millions of extra shares."
Now Dan "didn't want BrowniePTS to be sharedropped, but then someone gave him millions of extra Identibit."

Brownie PTS was announced July 2, and on August 12 Identibit announced it was sharedropping to Brownie PTS. It is self-evident that Brownie PTS was entirely a way for Dan to get more money for himself, and that he worked together with Identibit to get more for himself through Brownie PTS.

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What do you mean? Are you saying that people were supposed to stop selling something that they had, that was still being bought on exchanges? Why would they stop?

Exactly, if people thought they had more value than what they could get from exchanging them for BTS, why would they? I can't force you trade something with me if you don't want it. If people were willing to keep trading it after the drop why would the exchange stop listing it if they could keep making money from it?

AS for the brownie points, that's what a user issued asset is. It cost 5000bts to register and the creator has full control over them. The only thing special about brownie points is that people believe they will have value because they believe in Dan. Nothing is stopping you from spending 5000bts and issuing your own asset.Problem is no one think it's worth anything because you wouldn't bring any value to it.