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Offline mx1000

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3 BitShares AGS questions
« on: January 25, 2014, 02:00:38 PM »

So if I readed everything correclty, Protoshares will be merged to AGS when they are fully mined ?
Aka 4M AGS ?

Also if I pay with my BTC adress to the angel shares explorer adress, I get my AGS right ? (share of donated(btc/PTS %wise) / 5000. How can I check my balance then ?

Also how are we sure that dividends in loans of bitshares later on will be paid, and not scammed -> btc bought with and check out  :o ?

sumantso

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Re: 3 BitShares AGS questions
« Reply #1 on: January 25, 2014, 03:31:06 PM »
So if I readed everything correclty, Protoshares will be merged to AGS when they are fully mined ?
Aka 4M AGS ?

Also if I pay with my BTC adress to the angel shares explorer adress, I get my AGS right ? (share of donated(btc/PTS %wise) / 5000. How can I check my balance then ?

Also how are we sure that dividends in loans of bitshares later on will be paid, and not scammed -> btc bought with and check out  :o ?

No

http://www1.agsexplorer.com/  click the balance tab at top

Do your own due diligence before investing

Offline mx1000

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Re: 3 BitShares AGS questions
« Reply #2 on: January 25, 2014, 06:25:00 PM »
So if I readed everything correclty, Protoshares will be merged to AGS when they are fully mined ?
Aka 4M AGS ?

Also if I pay with my BTC adress to the angel shares explorer adress, I get my AGS right ? (share of donated(btc/PTS %wise) / 5000. How can I check my balance then ?

Also how are we sure that dividends in loans of bitshares later on will be paid, and not scammed -> btc bought with and check out  :o ?

No

http://www1.agsexplorer.com/  click the balance tab at top

Do your own due diligence before investing
Ah really missed that part, my fault.

Now BitShares AGS is lateron the currency/function of BitShares X ?
Like AGS == euro's while X is bank system ?

Online oco101

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Re: 3 BitShares AGS questions
« Reply #3 on: January 25, 2014, 07:43:22 PM »
 Bishare X is the bank that's right.


AGS and PTS gives you shares in Bitshare X bank. Let's call those shares bex.  Bex are used as collateral to create bitassets like bitEuro, bitUSD. So your example should look like that :
AGS == bex and Bitshare X is the bank system

So :

AGS&PTS==bex
bitEuro==Euro






 

Offline mx1000

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Re: 3 BitShares AGS questions
« Reply #4 on: January 25, 2014, 08:31:24 PM »
Last question, and maybe the most important one.

The 4M bitshares, is that the hard limit or will it be sorta-mineable ?

Online oco101

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Re: 3 BitShares AGS questions
« Reply #5 on: January 25, 2014, 08:40:17 PM »
For Bitshare X there will only be 4 M bitshares.

2M  BTS  will be allocated to PTS holders
2M BTS will be allocated to AGS holders.   

There is no mining  it uses Consensus + Proof of Stake for securing the network.

Offline mx1000

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Re: 3 BitShares AGS questions
« Reply #6 on: January 25, 2014, 11:06:53 PM »
For Bitshare X there will only be 4 M bitshares.

2M  BTS  will be allocated to PTS holders
2M BTS will be allocated to AGS holders.   

There is no mining  it uses Consensus + Proof of Stake for securing the network.
Then if there is a hard limit of 2 PTS aswell, why the fuck would people switch there PTS to AGS currently ?

Or am I the only one missing something here ?

sumantso

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Re: 3 BitShares AGS questions
« Reply #7 on: January 25, 2014, 11:33:05 PM »
For Bitshare X there will only be 4 M bitshares.

2M  BTS  will be allocated to PTS holders
2M BTS will be allocated to AGS holders.   

There is no mining  it uses Consensus + Proof of Stake for securing the network.
Then if there is a hard limit of 2 PTS aswell, why the fuck would people switch there PTS to AGS currently ?

Or am I the only one missing something here ?

https://bitsharestalk.org/index.php?topic=2444.msg30057#msg30057

Offline onceuponatime

Re: 3 BitShares AGS questions
« Reply #8 on: January 25, 2014, 11:45:57 PM »
For Bitshare X there will only be 4 M bitshares.

2M  BTS  will be allocated to PTS holders
2M BTS will be allocated to AGS holders.   

There is no mining  it uses Consensus + Proof of Stake for securing the network.
Then if there is a hard limit of 2 PTS aswell, why the fuck would people switch there PTS to AGS currently ?

Or am I the only one missing something here ?

My guess is that your very narrow focus on self interest causes you to miss the bigger picture, ironically enough to your own longer term detriment.

 

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