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Offline MrJeans

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Some clarity on the chains
« on: February 15, 2014, 07:26:59 PM »

I just want to make sure that I understand wants happening for the upcoming BitsharesX test snapshot.

So there was some discussion around how to make bitsharesX profitable for bitshare holders. Where one chain would have no interest charges, one variable interest and one 5% interest.

Is the snapshot on the 28th of Feb be for the no interest chain? Will new snapshots be taken at a later date for the variable interest and 5% interest chains?
What bitassets will be included in the chain to be launched on the 28th?

Thanks

Offline bytemaster

Re: Some clarity on the chains
« Reply #1 on: February 15, 2014, 07:41:16 PM »
Each new chain will be a new snapshot (except for resets in the event of a major bug in the month of March for the BitShares XT network)

The assets that will be included are:

BTC, GLD, SLV, USD, CNY  and perhaps a few other major currencies. 

As 5% interest and variable interest chains will require additional development, we will take a new snapshot prior to launching those chains.

First chain, XT will have no interest. 
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Offline sfinder

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Re: Some clarity on the chains
« Reply #2 on: February 15, 2014, 09:48:59 PM »
Each new chain will be a new snapshot (except for resets in the event of a major bug in the month of March for the BitShares XT network)
As 5% interest and variable interest chains will require additional development, we will take a new snapshot prior to launching those chains.

Just try to clarify with you, for the future  5% interest chain ,ALL the AGS and PTS holder only able to get 10% of the shares of the chain since this new chain is a DAC product form 3I.

First chain, XT will have no interest.

Does the first chain has the dividend from transaction fee?
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Offline speedy

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Re: Some clarity on the chains
« Reply #3 on: February 15, 2014, 10:36:14 PM »
Each new chain will be a new snapshot (except for resets in the event of a major bug in the month of March for the BitShares XT network)
As 5% interest and variable interest chains will require additional development, we will take a new snapshot prior to launching those chains.

Just try to clarify with you, for the future  5% interest chain ,ALL the AGS and PTS holder only able to get 10% of the shares of the chain since this new chain is a DAC product form 3I.

First chain, XT will have no interest.

Does the first chain has the dividend from transaction fee?

Yes the first chain has dividends from fees.

I imagine that the interest chain will also do the 50/50 AGS/PTS allocation, as the first chain was originally supposed to have interest. I think current AGS/PTS investors would only find a more diluted share acceptable if it was in a far-future DAC that required a huge amount more work. But that is just my opinion.

Offline bytemaster

Re: Some clarity on the chains
« Reply #4 on: February 15, 2014, 11:53:21 PM »
Unless additional funds outside of AGS/PTS are raised for a DAC then I see no other division than 50/50 making sense. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline toast

Re: Some clarity on the chains
« Reply #5 on: February 16, 2014, 05:14:10 AM »
Unless additional funds outside of AGS/PTS are raised for a DAC then I see no other division than 50/50 making sense.

Exactly, if anyone makes a clone with minor modifications with any other allocation I will immediately make a 50/50 copy and get a bigger network.

Which snapshot is used depends on how recent it is, I'm thinking of going ahead and making 0% chains for other cryptocurrencies and also common indices (s&p 500 for example) right when BTS XT graduates to BTS X
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline bytemaster

Re: Some clarity on the chains
« Reply #6 on: February 16, 2014, 05:21:01 AM »
Unless additional funds outside of AGS/PTS are raised for a DAC then I see no other division than 50/50 making sense.

Exactly, if anyone makes a clone with minor modifications with any other allocation I will immediately make a 50/50 copy and get a bigger network.

Which snapshot is used depends on how recent it is, I'm thinking of going ahead and making 0% chains for other cryptocurrencies and also common indices (s&p 500 for example) right when BTS XT graduates to BTS X

Please note our latest recommendation regarding honoring BitShares XT for future chains rather than AGS / PTS....

https://bitsharestalk.org/index.php?topic=2940.msg36848#msg36848
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline toast

Re: Some clarity on the chains
« Reply #7 on: February 16, 2014, 05:29:26 AM »
Unless additional funds outside of AGS/PTS are raised for a DAC then I see no other division than 50/50 making sense.

Exactly, if anyone makes a clone with minor modifications with any other allocation I will immediately make a 50/50 copy and get a bigger network.

Which snapshot is used depends on how recent it is, I'm thinking of going ahead and making 0% chains for other cryptocurrencies and also common indices (s&p 500 for example) right when BTS XT graduates to BTS X

Please note our latest recommendation regarding honoring BitShares XT for future chains rather than AGS / PTS....

https://bitsharestalk.org/index.php?topic=2940.msg36848#msg36848

Awesome! As a PTS/AGS holder this makes me happy
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline bytemaster

Re: Some clarity on the chains
« Reply #8 on: February 16, 2014, 05:37:02 AM »
Unless additional funds outside of AGS/PTS are raised for a DAC then I see no other division than 50/50 making sense.

Exactly, if anyone makes a clone with minor modifications with any other allocation I will immediately make a 50/50 copy and get a bigger network.

Which snapshot is used depends on how recent it is, I'm thinking of going ahead and making 0% chains for other cryptocurrencies and also common indices (s&p 500 for example) right when BTS XT graduates to BTS X

Please note our latest recommendation regarding honoring BitShares XT for future chains rather than AGS / PTS....

https://bitsharestalk.org/index.php?topic=2940.msg36848#msg36848

Awesome! As a PTS/AGS holder this makes me happy
Be sure to voice your opinion and reasons in the other thread.   
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

 

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