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Offline FreeTrade

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Who Owns The Second Largest Balance?
« on: June 03, 2014, 09:24:32 PM »

I'm doing the PTS-> LTS (LottoShares) distribution and I'm curious about the second largest address.

MFhWZJFwPgmGtFcATEcXYkbng5sZqzeYtn:483000

Previously with MMC, doing a small distribution to PTS hampered the adoption by exchanges because they didn't want to undertake the work of doing the distribution. They also didn't want their users complaining that they hadn't done the distribution, so they ignored the currency entirely. It was an unforeseen and rather unfortunate effect of doing a distribution.

To avoid that problem I want to remove the distribution to exchanges so that they are in a better position to support LottoShares and have an explanation to give to their users about why they are not getting a distribution. The funds will be spread to the other MMC holders instead.

MVgvtTcrX7A7pW96su5ipfGMReE1f5DzKS:2650000

I'm assuming the top address is the balance held by BTER - and this won't be receiving a distribution.



I don't know about the second address though - who owns that?
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline city19akro

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Re: Who Owns The Second Largest Balance?
« Reply #1 on: June 04, 2014, 06:46:53 AM »
I don't know much about this stuff but couldn't it be that the first address is the cold storage of BTer and the second biggest address, their online wallet?

Offline Delinquency

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Re: Who Owns The Second Largest Balance?
« Reply #2 on: June 04, 2014, 09:10:37 AM »
Chances are, exchanges aren't going to meddle with their privkeys to take their client's LTS.

You should keep it simple and not stress out :0

Offline biophil

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Re: Who Owns The Second Largest Balance?
« Reply #3 on: June 04, 2014, 02:58:11 PM »
Two thoughts:

1) BTER is supposedly honoring PTS for BitSharesXT; they could probably be convinced to honor PTS and MMC for LTS.

2) An idea for snapshots/airdrops that has been kicked around here is a "half-life:" make unclaimed balances decay over time. Clearly, this assumes that users must do something special to "claim" their balance beyond simply importing private keys. It doesn't totally solve the problem, but might be something worth thinking about.

Offline FreeTrade

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Re: Who Owns The Second Largest Balance?
« Reply #4 on: June 06, 2014, 08:37:11 PM »
Two thoughts:

1) BTER is supposedly honoring PTS for BitSharesXT; they could probably be convinced to honor PTS and MMC for LTS.

2) An idea for snapshots/airdrops that has been kicked around here is a "half-life:" make unclaimed balances decay over time. Clearly, this assumes that users must do something special to "claim" their balance beyond simply importing private keys. It doesn't totally solve the problem, but might be something worth thinking about.

1 .Yes, I'll approach BTER (for MMC) and BTC38 (for PTS) to seek their support - but in the absence of a guarantee of passing on the distribution to the owners, I think it will be better for everyone concerned if the distribution is not made.

2. The half-life idea is certainly an interesting one - but would require additional code and testing. Something that is a lot more straightforward is an expiration date - I'm mulling a 2 year expiration date for LottoShares distributed in the genesis block.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline biophil

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Re: Who Owns The Second Largest Balance?
« Reply #5 on: June 18, 2014, 02:17:04 PM »
Absolutely, an expiration date would accomplish the same thing more simply.

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Offline FreeTrade

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Re: Who Owns The Second Largest Balance?
« Reply #6 on: June 28, 2014, 06:15:28 AM »
Update: I decided to include the 2 year expiration date for all genesis block shares.

Also have advised Bter that they need to commit to making the LottoShares distribution or their addresses will be removed.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline xeroc

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Re: Who Owns The Second Largest Balance?
« Reply #7 on: June 28, 2014, 08:53:41 AM »
+5% ..
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline FreeTrade

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“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline liondani

Re: Who Owns The Second Largest Balance?
« Reply #9 on: July 05, 2014, 10:51:27 AM »
Good news!

http://forum.lottoshares.org/topic/6/bter-to-support-lottoshares-distribution

that "mature"  thing sucks...
Are you so afraid that everyone will dumb their coins... before you?
  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline FreeTrade

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Re: Who Owns The Second Largest Balance?
« Reply #10 on: July 05, 2014, 11:16:27 AM »
that "mature"  thing sucks...
Are you so afraid that everyone will dumb their coins... before you?

http://forum.lottoshares.org/topic/5/randomness-of-vested-shares-maturation-blocks
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline liondani

Re: Who Owns The Second Largest Balance?
« Reply #11 on: July 05, 2014, 12:45:15 PM »
good to clarify that...
but "locked" investments keep many  investors back...just my thought,  hope I am wrong.
  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline FreeTrade

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Re: Who Owns The Second Largest Balance?
« Reply #12 on: July 05, 2014, 01:36:34 PM »
good to clarify that...
but "locked" investments keep many  investors back...just my thought,  hope I am wrong.

Well these vested distributions are all gifted to MMC/PTS/AGS holders. We're not trying to attract investors - there's no IPO nor proof-of-burn. I've never asked for anyone's money for any project, only support and participation if you like the project.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline xeroc

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Re: Who Owns The Second Largest Balance?
« Reply #13 on: July 05, 2014, 01:39:08 PM »
+5% .. i like it .. once my coins matured i ca have lots of fun with them

+5% and thanks for the effort
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

 

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