I was wondering, what will Protoshares do now their claims seem so be a lie?
Over the last few months there has been a lot of talk about Protoshares. Protoshares is a CPU-mined coin, which uses a new Proof-Of-Work (POW) algorithm called Momentum , designed to resist GPU and ASIC implementation. http://protoshares.com/mining.html
So, "What's backing your coin?"
BitShares PTS, unlike most other coins, is backed by something that is actually tangible - rights to shares in a whole family of crypto equities that are themselves designed to be highly profitable businesses.
Further, lessons learned in the momentum algorithm have led to the rapid evolution of technologies that don't require mining to secure the network. Eliminating the costs of mining doubled the dividends that could be offered and increased the amount of equity in profitable new businesses that could be made available to PTS holders by a factor of five.
Further, the wildly successful AGS funding engine, raising $50,000 or more donations for the industry per day
, has greatly accelerating the development, support and promotion of the ecosystem and is accelerating the launch of many new DACs for PTS holders to own.
We are now able to sponsor a BitShares Developers Conference in Las Vegas on July 12-14 dedicated to spreading this technology to many more developers - further accelerating the growth of the ecosystem.
The value proposition of PTS is now easily an order of magnitude greater than the day it was launched little more than 10 weeks ago.
Indeed you ask a great question: "What's backing your