THE ANN - 402 and I
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@ArthurThePug i can't suspend it...it's a free market...
and there is no dillution. the BTS version won't have more shares that the current one. your stake stays as is
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@nameless that is very good to hear. I said I'll never buy another asset here, but my finger is getting twitchy
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@ArthurThePug lol
yeah ... i was done selling 402 a long time ago. there's no incentive or point in making more shares.
nothing changes in the asset structure after the move except for the platform. if you own 1%now, you'll have the same stake over in BTS
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@nameless Ok I've doubled my stake (small potatoes). And I don't care if you're a gypsy, as long as it's the feisty kind in 'From Russia, with Love'
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@ArthurThePug said in THE ANN - 402 and I:
@nameless Ok I've doubled my stake (small potatoes). And I don't care if you're a gypsy, as long as it's the feisty kind in 'From Russia, with Love'
lol thanks for that
i'm not a gipsy actually but i do have gipsy blood in me. fun story:
11 years ago i was in a fucked up mountain rescue accident (ironically i was the one who was supposed to do the rescue) . But part of the cliff broke off and the falling debris knocked me off the cliff. I was badly injured and needed an on-spot blood transfusion. The only compatible donor was a gipsy who just happened to be there lol. So every time i get an erection now, i think of him because i have his blood now :D
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@nameless said in THE ANN - 402 and I:
So every time i get an erection now, i think of him
Another gem that will sit in my vault full of things that @nameless will eventually regret saying :D
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I'll buy 350,000 402 Assets at .5 burst if anyone wants out.
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@crutsy saw your sell order for 1 burst.. having second thoughts?
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@darindarin haha na just figured why not post an offer I'd take some back. Can't place decimal orders on the AE
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@crutsy i think you bring up a question i have been wondering recently, this asset was issued with 8 decimal places making the order book have 0. don't get me wrong 8 places on the order book is a mess, but say 4 and 4 seems good (see ardor tokens on nxt chain).
additional it seems liquidity would be easier with a wider range for offers and bids.
i supposed hindsight is 20/20 and who thought that the value of burst would rise so quickly, i have just been wondering.
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OMG @damncourier is back! :D
You're right on the decimals part... up to a point. I made it this way in anticipation of a sudden AE crash so that there is still at least a bit of price control.
The BTS version of the asset has 4 decimals only ...although i discovered that no matter how many decimals i would have given the asset, the price can still go down to 8 decimals. BTS is fun!
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@nameless aw didn't know you cared!
i don't mean to beat a dead horse on this one and i understand your point of some control (was trying to remember the satoshi value of burst at the time this issue), but in the market it is frustrating to have no room to bid, either resign to get in line behind every one to get 1 burst shares or pay the scalpers you would be lining up behind 2 bursts for the share.
haven't installed bts wallet yet, interested enough to give it a try though.
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@damncourier , it's true..it is frustrating. truth be told, i have no idea what the better solution would have been. In a way this method was great because it protected investors from a huge fall, at the same time it fucked the free market aspect a bit by limiting the minimum price... i don't even know what to think any more :)
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@nameless said in THE ANN - 402 and I:
i don't even know what to think any more :)
i can relate. thanks for shedding light on your reasons for issuing that way.
i don't know the solution to the trade off between min price and free market. i suppose when there are no buyers at min price, trying to short circuit the min price to create trades is the free market's way of telling us something.
anyway thanks for indulging my idle ponderings on this.
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Hey @nameless
Just to confirm, our shares on the BURST exchange will be transferred for shares of the BTS assets, correct?
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You did the exact same thing with your 402 on HorizonPlatform.
I remember I was a holder of your 402 over there and you moved the asset to Burst, you're now moving to another coin?https://explorer.horizonplatform.io/?page=asset&id=8238855164429004341
1The future of Burst is brighter than the sun. Burst will always rise from the ashes like a Phoenix.
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@Zeus said in THE ANN - 402 and I:
You did the exact same thing with your 402 on HorizonPlatform.
I remember I was a holder of your 402 over there and you moved the asset to Burst, you're now moving to another coin?https://explorer.horizonplatform.io/?page=asset&id=8238855164429004341
YES...
402 started on HZ...moved to BURST and now is moving to BTS. I'll move this fucking thing until i find the stability the asset needs in order to achieve its goal.
Do you think i like moving 402? I have no choice ! I have better shit to do with my free time than waste weeks and months answering questions and conspiracy theories, as well as educate myself and investors on the new platform.
But here's the secret : i'll do it as many times as i have to until i see my asset achieve its goal.
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Conspiracy theories don't have proof, that's why they are called that way ^_^
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@nameless so, I am assuming that your investors from NXT and then HZ are in Burst at the moment - and about to move on to BTS with you? very understanding bunch of people indeed...
what IS the goal of the asset btw?
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@nameless so what are we doing with our shares here? transferring still an option?. i dont mind understanding bts to follow your work .. i dont have many shares but its enough to keep me interested..
please inform
