High level BTS history:
Protoshares was launched as a minable investment vehicle, along side AGS which users could donate PTS or BTC directly without mining. 50% PTS and 50% AGS is what made up the genesis block of BTS, this was quite fair. Original plan was to have individual dac's such as BTS, Vote, Play, Music, etc... however this would divide the attention of the dev's too greatly. Thus with PTS and AGS no longer viable, why not unite all the products under one umbrella? Great win for investors, great win for the dev's who can concentrate on one super DAC with all the features of the individual dacs. BTC and LTC were born competitors, BTS simply originated from PTS and AGS.
Um, no. High level history of BTS:
Protoshares was launched as a minable investment vehicle, ----
devs underestimated the pump/demand and weren't able to mine enough to sustain themselves. so they introduced AGS to raise more money when the mine to fund failed. along side AGS which users could donate PTS or BTC directly without mining. 50% PTS and 50% AGS is what made up the genesis block of BTS, this was quite fair. -- D
istribution is not fair as 1 PTS ~ 1BTS was the original plan. Now AGS was raising funding in PTS too. So each PTS you donated meant 1 AGS to you. And (assuming parity for sake of simple explanation) 1AGS = 1BTS for you but....the PTS raised within the AGS framework also got their allocation. So it meant, 1 PTS donated = 1AGS=1BTS For you + 1 BTS for 3I because of the ownership. Yes they promised they wont use BTS earned from the raised PTS for any use but in crypto, promises mean shit. They should have burned it and reduced the total coin but they dint. Original plan was to have individual dac's such as BTS, Vote, Play, Music, etc... however this would divide the attention of the dev's too greatly. Thus with PTS and AGS no longer viable, why not unite all the products under one umbrella? Great win for investors, great win for the dev's who can concentrate on one super DAC with all the features of the individual dacs. BTC and LTC were born competitors, BTS simply originated from PTS and AGS.
There was no clear consensus on the "super DAC" and people had rejected the PTS rollup to BTS too. Those concerns have been ignored. So nope, not a great win for investors. Just my 2 cents to it.