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Offline kokojie

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Keeping track of projects that make use of your PTS
« on: December 17, 2013, 01:45:23 AM »

This thread is to keep track of projects that accept the PTS social contract, which allow you to import your PTS to obtain something (most likely they will also accept your AGS too). Please let me know by reply or pm me, if you found a new project that isn't listed here.

The format is as follows:
Full name of project
Announcement date
Exchange rate
PTS block (you must have confirmed balance at an address you control, when this particular PTS block is mined, to be able to receive anything)
Project links

Bitshares Merger (3i PTS support is officially ended at this snapshot, 3rd party support may or may not happen in the future)
2014-11-05
100 BTS per PTS
Block 81,579

Bitshares Play
2014-11-05
TBD (PTS receive 10% of all play currency)
Block 81,579

BitShares Music
2014-09-26
"Notes" - Unknown rate. 35%/35% PTS/AGS
Block 81,021
Official site (Client not released yet.)

Bitshares KeyID (DNS)
2014-08-01
1 PTS for 1176 KeyID (DNS) currency
Block 72,695
Official site

Bitshares Voting
2014-08-01
TBD
Block 72,695
TBD (client not yet available)

LottoShares (project abandonned, do not redeem)
2014-07-15
1 PTS for 7.08 LTS
Block 65,959
LottoShares bitcointalk thread
LottoShares lottoshares.org

Bitshares X
2014-02-18
1 PTS for 644 BTSX
block 57,787
Bitshares-x.info
Getting started with Bitshares X

MemoryCoin 2.0
2013-12-10
10 PTS for 1 MMC
block 32,000
MemoryCoin2 bitsharestalk
MemoryCoin2 bitcointalk
« Last Edit: November 11, 2014, 02:41:01 PM by kokojie »

Offline Gekko

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Re: Keeping track of projects that make use of your PTS
« Reply #1 on: December 19, 2013, 07:16:49 AM »
Maybe you should add the conversion rate for each DAC.

Memorycoin 2.0 for example exchanges 10 PTS for 1 MC.

That, I think, is a major flaw in the PTS design. If I wanted to create a DAC and keep PTS holders out of it, I just define "1000 PTS = 0.0001 MyDACs". I thought to any new DAC applies: 1 PTS = 1 NewDAC. Obviously I got something wrong. Again.

Offline seraphim

Re: Keeping track of projects that make use of your PTS
« Reply #2 on: December 19, 2013, 11:15:58 AM »
If you want to create a DAC and keep PTS holders out of it, you don't need to give them anything.

MMC is not by Invictus! FreeTrade decided to honor PTS holders because of his involvement with the community.
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Offline Gekko

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Re: Keeping track of projects that make use of your PTS
« Reply #3 on: December 19, 2013, 01:16:09 PM »
Misunderstanding on my side, I guess. PTS must only be honored by DACs from Invictus, but can be honored by every other DAC.

And I think FreeTrade primarily honored PTS for marketing purposes, to pump his coin.

Offline kokojie

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Re: Keeping track of projects that make use of your PTS
« Reply #4 on: December 19, 2013, 02:07:59 PM »
Maybe you should add the conversion rate for each DAC.

Memorycoin 2.0 for example exchanges 10 PTS for 1 MC.

That, I think, is a major flaw in the PTS design. If I wanted to create a DAC and keep PTS holders out of it, I just define "1000 PTS = 0.0001 MyDACs". I thought to any new DAC applies: 1 PTS = 1 NewDAC. Obviously I got something wrong. Again.

Good idea, added.

Offline maqifrnswa

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Re: Keeping track of projects that make use of your PTS
« Reply #5 on: December 19, 2013, 02:13:29 PM »
I think exchange rate alone is a misleading number and can lead to you promoting scams. Instead you want to list % of genesis block allocated to PTS.

According to the list, this is a bad deal (but it is actually a very good deal):
1000PTS converts to 1 coin, but PTS makes up 100% of the genesis block

And according to the list, this is a good deal (but is actually a very bad deal):
I'll make a coin that gives 1,000,000 coins per 1 PTS. But PTS will only take up 0.1% of the genesis block, the rest goes to me.
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Offline kokojie

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Re: Keeping track of projects that make use of your PTS
« Reply #6 on: December 19, 2013, 04:46:20 PM »
I think exchange rate alone is a misleading number and can lead to you promoting scams. Instead you want to list % of genesis block allocated to PTS.

According to the list, this is a bad deal (but it is actually a very good deal):
1000PTS converts to 1 coin, but PTS makes up 100% of the genesis block

And according to the list, this is a good deal (but is actually a very bad deal):
I'll make a coin that gives 1,000,000 coins per 1 PTS. But PTS will only take up 0.1% of the genesis block, the rest goes to me.

I'm not sure how that percentage is calculated. Is it always the case that % of genesis block is allocated to PTS? I think everyone realize different DAC/coin have different value, and they can calculate the percentage based on a case by case basis.

Offline cass

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Re: Keeping track of projects that make use of your PTS
« Reply #7 on: December 19, 2013, 04:48:27 PM »
That, I think, is a major flaw in the PTS design. If I wanted to create a DAC and keep PTS holders out of it, I just define "1000 PTS = 0.0001 MyDACs". I thought to any new DAC applies: 1 PTS = 1 NewDAC. Obviously I got something wrong. Again.

yes you could do this for sure, but then you don't get  the excellent PTS community backbone. Why should PTS community support a DAC who don't honor PTS holders!?
And without this trust i guess i could be difficult to turn  project into success. Just one point of view
« Last Edit: December 19, 2013, 04:51:13 PM by cassiopaia »
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Offline maqifrnswa

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Re: Keeping track of projects that make use of your PTS
« Reply #8 on: December 19, 2013, 09:19:29 PM »
I think exchange rate alone is a misleading number and can lead to you promoting scams. Instead you want to list % of genesis block allocated to PTS.

According to the list, this is a bad deal (but it is actually a very good deal):
1000PTS converts to 1 coin, but PTS makes up 100% of the genesis block

And according to the list, this is a good deal (but is actually a very bad deal):
I'll make a coin that gives 1,000,000 coins per 1 PTS. But PTS will only take up 0.1% of the genesis block, the rest goes to me.

I'm not sure how that percentage is calculated. Is it always the case that % of genesis block is allocated to PTS? I think everyone realize different DAC/coin have different value, and they can calculate the percentage based on a case by case basis.

Exchange rate is totally irrelevant. You can't tell if it is a good deal or bad deal just by the number of coins they will give you per PTS. The only number that matters is the % of the money supply that will be dedicated to PTS (which is directly a function of the % of the genesis block and final total supply of coins). It is always the case that a % of the genesis block will be allocated to PTS

I'm proud to announce the first distribution for ProtoShares owners.

ProtoShares owners collectively will receive a 1% stake in the relaunched MemoryCoin - MemoryCoin 2.0.
This is final stake

I am going to chime in here with some clarity for all involved. 

1) All chains Invictus launches will be derived from ProtoShares with a 1:1 mapping and 10% of the ultimate money supply of that chain.
this is at final stake.
« Last Edit: December 19, 2013, 09:29:19 PM by maqifrnswa »
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Offline kokojie

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Re: Keeping track of projects that make use of your PTS
« Reply #9 on: December 19, 2013, 09:27:36 PM »
I think exchange rate alone is a misleading number and can lead to you promoting scams. Instead you want to list % of genesis block allocated to PTS.

According to the list, this is a bad deal (but it is actually a very good deal):
1000PTS converts to 1 coin, but PTS makes up 100% of the genesis block

And according to the list, this is a good deal (but is actually a very bad deal):
I'll make a coin that gives 1,000,000 coins per 1 PTS. But PTS will only take up 0.1% of the genesis block, the rest goes to me.

I'm not sure how that percentage is calculated. Is it always the case that % of genesis block is allocated to PTS? I think everyone realize different DAC/coin have different value, and they can calculate the percentage based on a case by case basis.

Exchange rate is totally irrelevant. You can't tell if it is a good deal or bad deal just by the number of coins they will give you per PTS. The only number that matters is the % of the money supply that will be dedicated to PTS (which is directly a function of the % of the genesis block and final total supply of coins). It is always the case that a % of the genesis block will be allocated to PTS

I'm proud to announce the first distribution for ProtoShares owners.

ProtoShares owners collectively will receive a 1% stake in the relaunched MemoryCoin - MemoryCoin 2.0.
This is at genesis block, not final stake (I believe)

I am going to chime in here with some clarity for all involved. 

1) All chains Invictus launches will be derived from ProtoShares with a 1:1 mapping and 10% of the ultimate money supply of that chain.
this is at final stake.

So there's two percentages, one is percentage of genesis block, the other is percentage of total supply? but then there are coins with infinite total supply.

Offline maqifrnswa

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Re: Keeping track of projects that make use of your PTS
« Reply #10 on: December 19, 2013, 09:31:56 PM »
So there's two percentages, one is percentage of genesis block, the other is percentage of total supply? but then there are coins with infinite total supply.

I corrected it, both are for the "final" number. MMC has infinite supply, but you can pick the point where mining saturates (10million coins) and see that 100k of them belong to PTS holders, or ~1%.

Yes there are two percentages, one for genesis block and one for percentage of total supply. In theory, PTS holders will own 0% of MMC at infinite time, but you can pick some time frame out and say what the percentage will be then.
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Offline kokojie

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Re: Keeping track of projects that make use of your PTS
« Reply #11 on: March 14, 2014, 05:12:17 PM »
Updated with the PTS for BTS info


Offline biophil

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Re: Keeping track of projects that make use of your PTS
« Reply #13 on: March 14, 2014, 06:32:18 PM »
Good initiative. I also think you should do % of ALL coins.

This also brings up the point that the social consensus is ambiguous? For a coin with infinite supply it is impossible to determine the %.

I'd settle for 10% of infinity! :)

In all seriousness, one interpretation is that for permanently inflationary coins, devs should give a fixed fraction of each mining block reward to PTS/AGS holders. That would certainly honor the social consensus. Miners might not appreciate it, but a clever-enough developer should be able to convince them to get on board.

Offline prophetx

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Re: Keeping track of projects that make use of your PTS
« Reply #14 on: April 18, 2014, 11:17:56 AM »
This thread is to keep track of projects that accept the PTS social contract, which allow you to import your PTS to obtain something. Please let me know by reply or pm me, if you found a new project that isn't listed here.

The format is as follows:
Announcement date
Exchange rate
PTS block (you must have confirmed balance at an address you control, when this particular PTS block is mined, to be able to receive anything)
Project links

2014-02-18
1 PTS for 1.3 BTS
block 57,787
Get your BTS wallet here thread

2013-12-10
10 PTS for 1 MMC
block 32,000
MemoryCoin2 bitsharestalk
MemoryCoin2 bitcointalk

this is a very helpful thread, keep it going!

 

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