You keep posting links, but not answering question, stop posting links, just answer the question, how is this an extra pay to the dev team?? Why shouldn't vote take 3%?
I am criticized for explaining it and than criticized for posting the evidence, huh?
I will repeat, please read my explanations this time:
https://bitsharestalk.org/index.php?topic=10214.0Reasons delegates mostly approve the merger:
1) Conflict between BTSX and VOTE. ( One developer was able to leverage his time creating a competing DAC betraying what investors paid him to focus on. This is than used to motivate stakeholders and other delegates into accepting a dilution in hopes of not introducing competition. )
2) Complexity. Invictus created a clusterfuck with multiple tokens PTS/AGS/BTSX/ and multiple DACs. The merger is a hope to clean up this confusion
3) Need for capital infusion. Invictus and developers are blowing through their IPO cash and will soon run out. Additionally, they realize they are so far behind and competition is so fierce they need a ton of capital to not get squashed with a big marketing campaign
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Or in other words:
VOTE is a new DAC that Daniel created that would otherwise compete with BTSX. Rather than VOTE compete as an IPO against other DAC's this porposal is being pushed through and VOTE is automatically taking in 3% of 2.5 billion. If you read through the threads on the bitshares forum you will see that that this redistribution will negatively effect many people but overall most are in favor because of the current clusterfuck and they don't want to compete against their key developer and are desperate for money for a big marketing push.
I still don't understand what are you saying, are you saying VOTE's 3% is entirely paid to the dev team? because that's certainly not the case. You'll need to show me where are the "extra pay" to dev team coming from. Not just regurgitating things that I already know.