Agreed on all counts. ASCMDVCPT is awesome because it generates BTC from dividends and turns them into DVC, which raises the exchange rate, and offsets all the selling off of DVC that is happening. Unfortunately, right now ASCMDVCPT shares are overvalued - I just sold off about half my shares and was able to by nearly 20x of the equivalent shares by buying TAT.ASICMINER shares instead. I think this could potentially be solved by twobits/FuzzyBear buying a few more passthrough shares and issuing more ASCMDVCPT shares for a more reasonable price. Without competitive share prices, people are just going to sell their DVC for BTC and invest in ASICMINER directly. Perhaps someone could offer a service that acts sort of like ASCMDVCPT, but with the price fixed to the TAT.ASICMINER value?
That was something I was going to ask Fuzzy over on the Devcoin forum--if the ASIC Miner pass through share price was actually tied to the actual price of an ASIC Miner share, as in 1/1000 of whatever an ASIC miner share is worth these days, or if the price is merely based on how many devcoins people are willing to pay for that share on the Cryptostocks exchange.
Since ASIC miner shares have a price that's easy to look up, if they are selling for more than that on Cryptostocks, wouldn't that serve to further devalue the Devcoins? I mean, wouldn't the exchange rate of DVC relative to BTC then adjust to reflect an equivalent value for the ASIC Miner PT share? At any rate, it's a good reminder for me to check how the price of the ASIC miner DVC PT share translates into BTC *before* placing a buy order on Cryptostocks.