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Offline AdamBLevine

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DACIndex.com now live
« on: March 04, 2014, 02:10:39 PM »

http://dacindex.com

Part one of this two part project is out in minimum-viable-product form.   Tracks all 2.0 metacoins right now using CoinMarketCap data, we're moving towards custom metrics and figuring our the best way to determine an index price.  I'm thinking it might be market cap / 1,000,000 BUT with coins like XRP and NXT in there you can't really do anything by market cap because their volume is soooooooooooo low relative since most of the coins are held in few hands and don't trade.

So Protoshares is doing well because we're doing the primary ranking by 24hr market volume, which is a more real estimation of whats going on.

Comments are welcome but just be aware this is a very early project and a proof of concept launch.
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Offline unimercio

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Re: DACIndex.com now live
« Reply #1 on: March 04, 2014, 07:52:20 PM »
http://dacindex.com

Part one of this two part project is out in minimum-viable-product form.   Tracks all 2.0 metacoins right now using CoinMarketCap data, we're moving towards custom metrics and figuring our the best way to determine an index price.  I'm thinking it might be market cap / 1,000,000 BUT with coins like XRP and NXT in there you can't really do anything by market cap because their volume is soooooooooooo low relative since most of the coins are held in few hands and don't trade.

So Protoshares is doing well because we're doing the primary ranking by 24hr market volume, which is a more real estimation of whats going on.

Comments are welcome but just be aware this is a very early project and a proof of concept launch.

 +5% looks great thanks
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Offline oco101

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Re: DACIndex.com now live
« Reply #2 on: March 04, 2014, 07:54:19 PM »
+1

Offline xeroc

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Re: DACIndex.com now live
« Reply #3 on: March 04, 2014, 07:59:48 PM »
Actually, protoshares are not metacoins .. bitshares will be ..

Besides that .. nice site
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Offline unimercio

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Re: DACIndex.com now live
« Reply #4 on: March 04, 2014, 08:02:43 PM »
http://dacindex.com

Part one of this two part project is out in minimum-viable-product form.   Tracks all 2.0 metacoins right now using CoinMarketCap data, we're moving towards custom metrics and figuring our the best way to determine an index price.  I'm thinking it might be market cap / 1,000,000 BUT with coins like XRP and NXT in there you can't really do anything by market cap because their volume is soooooooooooo low relative since most of the coins are held in few hands and don't trade.

So Protoshares is doing well because we're doing the primary ranking by 24hr market volume, which is a more real estimation of whats going on.

Comments are welcome but just be aware this is a very early project and a proof of concept launch.

will you be selling banner space?
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Offline santaclause102

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Re: DACIndex.com now live
« Reply #5 on: March 04, 2014, 11:28:16 PM »
Quote
So Protoshares is doing well because we're doing the primary ranking by 24hr market volume, which is a more real estimation of whats going on.

I would find a 24h change against USD more helpful than one against BTC.

Offline AdamBLevine

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Re: DACIndex.com now live
« Reply #6 on: March 05, 2014, 12:00:38 AM »
http://dacindex.com

Part one of this two part project is out in minimum-viable-product form.   Tracks all 2.0 metacoins right now using CoinMarketCap data, we're moving towards custom metrics and figuring our the best way to determine an index price.  I'm thinking it might be market cap / 1,000,000 BUT with coins like XRP and NXT in there you can't really do anything by market cap because their volume is soooooooooooo low relative since most of the coins are held in few hands and don't trade.

So Protoshares is doing well because we're doing the primary ranking by 24hr market volume, which is a more real estimation of whats going on.

Comments are welcome but just be aware this is a very early project and a proof of concept launch.

will you be selling banner space?

Probably won't be selling banner space, it's part of a larger play here.

Actually, protoshares are not metacoins .. bitshares will be ..

Besides that .. nice site

Protoshares is like a protodac, and it did just spawn Bitshares so it is definitely not a 1.0 coin.   I view protoshares as a 1.5
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Offline barwizi

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Re: DACIndex.com now live
« Reply #7 on: March 05, 2014, 12:07:59 AM »
http://dacindex.com

Part one of this two part project is out in minimum-viable-product form.   Tracks all 2.0 metacoins right now using CoinMarketCap data, we're moving towards custom metrics and figuring our the best way to determine an index price.  I'm thinking it might be market cap / 1,000,000 BUT with coins like XRP and NXT in there you can't really do anything by market cap because their volume is soooooooooooo low relative since most of the coins are held in few hands and don't trade.

So Protoshares is doing well because we're doing the primary ranking by 24hr market volume, which is a more real estimation of whats going on.

Comments are welcome but just be aware this is a very early project and a proof of concept launch.

will you be selling banner space?

Probably won't be selling banner space, it's part of a larger play here.

Actually, protoshares are not metacoins .. bitshares will be ..

Besides that .. nice site

Protoshares is like a protodac, and it did just spawn Bitshares so it is definitely not a 1.0 coin.   I view protoshares as a 1.5

when i see how they are being abandoned, they fall back to 1.0, seriously after the flurry of community ideas to try re-vitalize it, no real response yet from invictus.
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Offline toast

Re: DACIndex.com now live
« Reply #8 on: March 05, 2014, 12:55:27 AM »
Why are people trying to "save" protoshares? Low mining interest means NOTHING, mining interest does not generate demand. The only problem is slower blocks because the difficulty is not caught up. PTS was never intended to have advanced features, FFS it uses proof of work when invictus is clearly against mining. Maybe I'm missing the point?
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Offline barwizi

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Re: DACIndex.com now live
« Reply #9 on: March 05, 2014, 06:57:45 AM »
Why are people trying to "save" protoshares? Low mining interest means NOTHING, mining interest does not generate demand. The only problem is slower blocks because the difficulty is not caught up. PTS was never intended to have advanced features, FFS it uses proof of work when invictus is clearly against mining. Maybe I'm missing the point?

I personally want quick blocks because quick block make quick tx, which means i can make useful arbitrage, does that make sense to you?  because sitting on PTS while it does nothing waiting for "something " is not  what  anyone  has in mind if they  are truly business minded
« Last Edit: March 05, 2014, 07:08:22 AM by barwizi »
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Offline bytemaster

Re: DACIndex.com now live
« Reply #10 on: March 05, 2014, 07:17:56 AM »
The problem with mining is that if the difficulty gets high and the market adjusts the price then it becomes 'unprofitable' to mine and thus people stop doing it.  However, if the shareholders in PTS believe it needs faster confirmations then they will 'mine' without direct profit to protect their existing value.  So I can assure you mining will not stop.

The long term solution to PTS is to convert it to TaPOS chain and then abandon the Bitcoin based chain.   

In the mean time the way we are working to save it is to raise awareness about upcoming DACs by documenting and releasing specs.   When this happens the price will pick up and thus mining interest will resume.
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Offline xeroc

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Re: DACIndex.com now live
« Reply #11 on: March 05, 2014, 09:48:23 AM »
Protoshares is like a protodac, and it did just spawn Bitshares so it is definitely not a 1.0 coin.   I view protoshares as a 1.5
Good point :-)
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Offline Pairmike

Re: DACIndex.com now live
« Reply #12 on: March 05, 2014, 10:34:23 AM »
http://dacindex.com

Part one of this two part project is out in minimum-viable-product form.   Tracks all 2.0 metacoins right now using CoinMarketCap data, we're moving towards custom metrics and figuring our the best way to determine an index price.  I'm thinking it might be market cap / 1,000,000 BUT with coins like XRP and NXT in there you can't really do anything by market cap because their volume is soooooooooooo low relative since most of the coins are held in few hands and don't trade.

So Protoshares is doing well because we're doing the primary ranking by 24hr market volume, which is a more real estimation of whats going on.

Comments are welcome but just be aware this is a very early project and a proof of concept launch.
Hey Adam,

You spoke about a part two of this project.  Can you provide additional details?
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Offline CLains

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Re: DACIndex.com now live
« Reply #13 on: March 05, 2014, 12:39:42 PM »
Looks good Adam!

A high market cap on PTS = Publicity for Invictus. It also increases bounties/salaries and AGS donations.
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Offline AdamBLevine

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Re: DACIndex.com now live
« Reply #14 on: March 05, 2014, 03:06:50 PM »
The problem with mining is that if the difficulty gets high and the market adjusts the price then it becomes 'unprofitable' to mine and thus people stop doing it.  However, if the shareholders in PTS believe it needs faster confirmations then they will 'mine' without direct profit to protect their existing value.  So I can assure you mining will not stop.

The long term solution to PTS is to convert it to TaPOS chain and then abandon the Bitcoin based chain.   

In the mean time the way we are working to save it is to raise awareness about upcoming DACs by documenting and releasing specs.   When this happens the price will pick up and thus mining interest will resume.

Daniel, the only reason people stopped mining PTS is because they don't understand why they'd want to keep mining PTS for some potential reward at some potential point in the future, right after all the value (BTS) has been sucked out of it.

Any response to the bounty proposal?
https://bitsharestalk.org/index.php?topic=3363.0

 I don't understand your priorities, you comment on why PTS isn't worth mining but not on an initiative that could fix the problem.
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