Author Topic: 3 BitShares AGS questions  (Read 3430 times)

0 Members and 1 Guest are viewing this topic.

Offline onceuponatime

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.

sumantso

  • Guest
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 mx1000

  • Jr. Member
  • **
  • Posts: 23
    • View Profile
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 ?

Offline oco101

  • Hero Member
  • *****
  • Posts: 586
    • View Profile
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

  • Jr. Member
  • **
  • Posts: 23
    • View Profile
Last question, and maybe the most important one.

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

Offline oco101

  • Hero Member
  • *****
  • Posts: 586
    • View Profile
 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

  • Jr. Member
  • **
  • Posts: 23
    • View Profile
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 ?

sumantso

  • Guest
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

  • Jr. Member
  • **
  • Posts: 23
    • View Profile
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 ?