Is BitShares really classified as an IPO coin? For months prior to release you could acquire a stake in the genesis block by either mining PTS or buying AGS directly. This method in my opinion was very fair in that you could mine if you have the cpu/gpu setup or purchase directly without mining anything!
Well it is, even in the title it clearly says IPO. I'm too lazy to go through my own posts or that thread, but I was there. I mined PTS and sold a lot of it back in the day. There could be some relating posts about that I do not remember.That was too long ago.
So because you sold your PTS it == IPO. K, got it.
He had a point.. There were other ways to get in rather than sending Bitcoins/Protoshares to the AGS fund. Just because you didn't hold onto your PTS it doesn't mean Bitshares was purely an IPO.
Anyways.. The assumption that all IPO coins are a scam is a fallacy spread by people uneducated on the subject. Sure, some IPOs are certainly scams, but it doesn't mean all of them are. What people are doing is stereotyping when they make such statements. It's like when people say all Americans are idiots, or that all Rottweilers are vicious animals.