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Offline castiron

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New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« on: January 14, 2014, 01:00:17 AM »

We just announced HashShares on Bitcointalk so we figured we should make a thread here also to get some input from the PTS community since we have considered to maybe honor PTS.
Here is the link to our pre announcement  thread at Bitcoinstalk:
https://bitcointalk.org/index.php?topic=414364.msg4496354#msg4496354

If you have any ideas, questions, opinions or impressions please reply in this thread, we promise to keep an eye on it.
You are of course welcome to use the Bitcointalk thread also but this way it is alot more easy for us to get the actual Protoshares communitys opinion,

Offline 5chdn

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #1 on: January 14, 2014, 01:19:10 AM »
Quote
The Genesis block will contain 500000HAS, 400000 of them will be divided among those that donated BTC to the development of HAS depending on the % donated.

You should honor AGS & PTS holders in your genesis block with each 10% of the HAS distributed.

The Bitcoin-PoS concept sounds promising. Subscribing.

Offline canuck

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #2 on: January 14, 2014, 01:54:17 AM »
watching, interesting,. subscribed on bct

Offline castiron

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #3 on: January 14, 2014, 02:42:38 AM »
Quote
The Genesis block will contain 500000HAS, 400000 of them will be divided among those that donated BTC to the development of HAS depending on the % donated.

You should honor AGS & PTS holders in your genesis block with each 10% of the HAS distributed.

The Bitcoin-PoS concept sounds promising. Subscribing.

I have not looked into AGS 100% yet honestly been very busy lately with our own project on top of my normal working hours..
But would it be technically possible to also honor AGS in its current state if HAS is released before AGS?

Offline Stan

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #4 on: January 14, 2014, 03:45:23 AM »
Quote
The Genesis block will contain 500000HAS, 400000 of them will be divided among those that donated BTC to the development of HAS depending on the % donated.

You should honor AGS & PTS holders in your genesis block with each 10% of the HAS distributed.

The Bitcoin-PoS concept sounds promising. Subscribing.

I have not looked into AGS 100% yet honestly been very busy lately with our own project on top of my normal working hours..
But would it be technically possible to also honor AGS in its current state if HAS is released before AGS?

AGS and PTS can be honored at any time by simply allocating 10% of your shares proportionally to the number of AGS and PTS in existence when your genesis block goes live.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline phoenix

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #5 on: January 14, 2014, 03:39:41 PM »
Interesting idea, but I don't like that the bitcoin part is very centralized. Still, if you honor PTS and/or AngelShares, then you'll get a very active community right from the start.
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
Bitmessage: BM-NBrGi2V3BZ8REnJM7FPxUjjkQp7V5D28

Offline fuzzy

Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #6 on: January 21, 2014, 10:35:49 AM »
why not go bigger?  create a DAC that allows people to connect to merged-mining pools (of which you would only be one) through Keyhotee, and allow miners to "rent" their computing power out for the market to decide what is mined.  Develop the interface and miners earn both a % of mined altcoins, but also HashShares that can float against other shares in the open market and either be redeemed for hashing power or sold on the market.  Then...you are basically incentivizing content providers to come to you.

 
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline lib

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #7 on: January 21, 2014, 12:17:57 PM »
Interesting idea. Will follow the development of HashShares.
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sumantso

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #8 on: January 21, 2014, 12:56:14 PM »
Great to see you will honour PTS. Watching closely.

Regarding honouring AGS, I guess it depends whether you get some direct help from I3.

sumantso

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #9 on: January 21, 2014, 01:02:52 PM »
why not go bigger?  create a DAC that allows people to connect to merged-mining pools (of which you would only be one) through Keyhotee, and allow miners to "rent" their computing power out for the market to decide what is mined.  Develop the interface and miners earn both a % of mined altcoins, but also HashShares that can float against other shares in the open market and either be redeemed for hashing power or sold on the market.  Then...you are basically incentivizing content providers to come to you.

Maybe not in the scope of OP's proposal, but some kind of mining shares as DACs sounds very interesting.

Offline phoenix

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #10 on: January 21, 2014, 03:22:53 PM »
Great to see you will honour PTS. Watching closely.

Regarding honouring AGS, I guess it depends whether you get some direct help from I3.

Where did you see that they're honoring PTS?
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
Bitmessage: BM-NBrGi2V3BZ8REnJM7FPxUjjkQp7V5D28

Offline 5chdn

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #11 on: January 22, 2014, 01:00:09 PM »
Great to see you will honour PTS. Watching closely.

Regarding honouring AGS, I guess it depends whether you get some direct help from I3.

Where did you see that they're honoring PTS?

You could try reading the first post first :)
we have considered to maybe honor PTS.

Offline phoenix

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Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #12 on: January 22, 2014, 06:18:37 PM »
Great to see you will honour PTS. Watching closely.

Regarding honouring AGS, I guess it depends whether you get some direct help from I3.

Where did you see that they're honoring PTS?

You could try reading the first post first :)
we have considered to maybe honor PTS.

The way that sumantso worded it, I thought that it was definite, not just something they were considering
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
Bitmessage: BM-NBrGi2V3BZ8REnJM7FPxUjjkQp7V5D28

Offline mint chocolate chip

Re: New possible DAC - HashShares[HAS] Scrypt PoW / Bitcoins PoS
« Reply #13 on: January 22, 2014, 07:34:25 PM »
If you release as a DAC and honor PTS then i will be more inclined as a stakeholder to invest more to help make the idea successful.

Best of luck with your endeavor and thank you for seeking our community input.

 

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