3 BitShares AGS questions

[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]

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

[mx1000]

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 ?

[oco101]

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.

[mx1000]

Last question, and maybe the most important one.

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

[oco101]

 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

[mx1000]

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]

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

[mx1000]

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 ?