Dang! Page 6
So why would I trust my precious BTC to BtXFund and not to Bitshares with an active Company in the back?
Why do I only get 1 Share? Can I get more then that if I pay more then 0.002 BTC?
With 4 Billion BitXFund shares in existence; even at those discounted rates, for 1 BTC paid, thats 500 shares or 1:8 Mio of the whole monteray base of BitXFund shares.
In other words
1 BTC buys you one 8Mth of the whole lot of BitXFund shares.
0.002BTC*500 shares=1BTC
1 share=0.002BTC
500 shares=1 BTC
4 B shares/500 shares=8M
whereas 1 BTC worth of Bitshares buys you one 60Mth of the whole lot of Bitshares in existence or 1:60 Mio. (To acquire Bitshares, one had to hold the same amount of PTS (or AGS) on Feb 28th this year, therefore PTS quotes are used instead of BTS quotes.)
1PTS=0.015BTC (on Feb 16th)
1BTC=66.667PTS (on Feb 16th)
4B PTS/66.667PTS~60M
In comparison
1 BTC is equivalent to 1:12Mth now or 1:21M forever of the whole Bitcoin monetary base.
The difference is due to an arbitrary decision by the initiators of this thread. Once BitXFunds will be freely traded the price will find a free market expression. The difference in price should then express the degree to which people think BitX or Bitshares can keep their promises (decentralized stocks and exchange..?).
Interested
