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Quote from: biophil on March 18, 2014, 01:36:36 pmQuote from: bytemaster on March 18, 2014, 03:10:53 amI am contemplating different issuance models... currently the number of unique types of shares that can be issued per chain is limited to 2^16 or about 65K.In this sense the ability to issue shares is a limited resource. I am thinking of limiting it to one new type per block maximum and thus who ever paid the highest transaction fee would get their shares issued first.Might be worth considering a share-name expiration time also. If someone issues the name "urple" and then never does anything with it, let it expire.issuer.issuance.expirationdateLuckybit.Luckyshares.09132014 for example.I would want to be able to set my vouchers to expire at predetermined dates in some cases.Shares are another matter, but a share can also act as a voucher.You could come up with a ticker but internally you would want to store it differently.If space runs out on 4 letters, just add another letter. If that doesn't work then add a dot, a date, an issuer, and so on.That is what Counterparty intends to do.
Quote from: bytemaster on March 18, 2014, 03:10:53 amI am contemplating different issuance models... currently the number of unique types of shares that can be issued per chain is limited to 2^16 or about 65K.In this sense the ability to issue shares is a limited resource. I am thinking of limiting it to one new type per block maximum and thus who ever paid the highest transaction fee would get their shares issued first.Might be worth considering a share-name expiration time also. If someone issues the name "urple" and then never does anything with it, let it expire.
I am contemplating different issuance models... currently the number of unique types of shares that can be issued per chain is limited to 2^16 or about 65K.In this sense the ability to issue shares is a limited resource. I am thinking of limiting it to one new type per block maximum and thus who ever paid the highest transaction fee would get their shares issued first.
Quote from: bnoble1206 on March 19, 2014, 04:46:10 amQuote from: Stan on March 17, 2014, 10:46:52 pmQuote from: jwiz168 on March 17, 2014, 10:32:01 pmSo when will be the snapshot take place for this particular DAC? any timeframe?We have learned it is always bad to give any time estimates since it somehow turns into a promise in some people's minds.In any event, it is up to the five teams of developers who will be having a friendly competition called "Don't Be Last!" Good call. When Apple announces a product it goes like this:"Today we are announcing our really awesome new toy! And you can buy from us right now!"Best not to announce a date until it's truly ready. If I'm not mistaken just about everything in the pipeline is expected to be ready in the Spring... ish. ...oh and one more thing...
Quote from: Stan on March 17, 2014, 10:46:52 pmQuote from: jwiz168 on March 17, 2014, 10:32:01 pmSo when will be the snapshot take place for this particular DAC? any timeframe?We have learned it is always bad to give any time estimates since it somehow turns into a promise in some people's minds.In any event, it is up to the five teams of developers who will be having a friendly competition called "Don't Be Last!" Good call. When Apple announces a product it goes like this:"Today we are announcing our really awesome new toy! And you can buy from us right now!"Best not to announce a date until it's truly ready. If I'm not mistaken just about everything in the pipeline is expected to be ready in the Spring... ish.
Quote from: jwiz168 on March 17, 2014, 10:32:01 pmSo when will be the snapshot take place for this particular DAC? any timeframe?We have learned it is always bad to give any time estimates since it somehow turns into a promise in some people's minds.In any event, it is up to the five teams of developers who will be having a friendly competition called "Don't Be Last!"
So when will be the snapshot take place for this particular DAC? any timeframe?
I will be using it to sell consulting time. I doubt anyone will buy it, but I'll selling it =P
Quote from: toast on March 17, 2014, 10:05:09 pmMy guess: shares exist as balances just like with BTC. To issue all 1m shares costs a small tx fee. To send your 1m to 1m different addresses costs... how much does it cost to do that with bitcoin? When would you ever even do that?So shareholders only profit from tx fees?
My guess: shares exist as balances just like with BTC. To issue all 1m shares costs a small tx fee. To send your 1m to 1m different addresses costs... how much does it cost to do that with bitcoin? When would you ever even do that?
How expensive would it be to issue my IOU shares?When my noodle stand company is worth 1 million USD and I issue 1 million NS-Shares each at 1 USD with BTS ME. How much would I roughly have to pay? What are the costs specifically?
Quote from: phoenix on March 17, 2014, 08:42:14 pmThe big use for this that I see is selling stock in a company. This would make issuing stock much easier for smaller businesses, allowing them to generate capital through crypto-currencies with minimal difficultyAnd, if not stock, then debt. A zero-coupon bond is a promise to pay X units of currency on a given future date. The market determines the price, and the return is calculated from the other three variables.
The big use for this that I see is selling stock in a company. This would make issuing stock much easier for smaller businesses, allowing them to generate capital through crypto-currencies with minimal difficulty
Quote from: toast on March 17, 2014, 06:30:08 pmYou just issue IOUs. It's just an asset backed by a promise, just like mastercoin or counterparty. You can have it mean whatever you want.Suppose I issued an IOU and someone bought it, but I don't fulfill my promise (scam in other words). What happen next (to me and to buyer)? My IOU value drop to zero?But how a buyer can "buy" my IOU? with XTS? or with BitsharesME shares?
You just issue IOUs. It's just an asset backed by a promise, just like mastercoin or counterparty. You can have it mean whatever you want.