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Offline Lighthouse

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The Intrinsic Value of BitShares PTS (Update from Bytemaster)
« on: November 13, 2013, 09:24:06 AM »


1) All chains Invictus launches will be derived from PTS with a 1:1 mapping and 10% of the ultimate money supply of that chain.
2) ProtoDomains may Split from ProtoShares prior to the Launch of DomainShares so that it can be traded and valued separately.   
3) Keyhotee ID is not a currency, there is no way to map ProtoShares into Keyhotee ID (the name chain)
4) There will be many BitShares based chains, not one, and all of them will be 1:1 with ProtoShares
5) We reserve the right to release ProtoShares v2 that honors 100% of ProtoShares v1 with 100% of the money supply allocated. 
6) Associated Press, DAC would honor PTS

Exceptions to the PTS honoring would be if we decided to release a true competitor to be used as a money-only coin and not a trading platform.  In this case we may choose to honor the initial positions in ALL existing *-coin chains proportional to their market cap. 

I want to make it very clear that at no time will we 'reset the clock' for a new chain and owning ProtoShares today does get you ownership in everything we do in the future either directly or indirectly.
« Last Edit: January 18, 2014, 03:49:39 PM by Stan »
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline Stan

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Re: The Intrinsic Value of PTS (Update from Bytemaster)
« Reply #1 on: November 13, 2013, 06:27:06 PM »
If you'd like more background on the Unified Field Theory of PTS, read DACs that Spawn DACS, just published at

http://letstalkbitcoin.com/dacs-that-spawn-dacs/#.UoPDfWSxPVQ
« Last Edit: January 18, 2014, 03:50:00 PM by Stan »
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Lighthouse

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Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #2 on: November 15, 2013, 12:26:26 AM »
So Stan, what do YOU think a fair value of Protoshares is given their future deliveries?   Tens of dollars?  Thousands of dollars?   Is the design for these to be the Berkshire Hathaway stock of Cryptocurrency?
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline Stan

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Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #3 on: November 15, 2013, 12:47:32 AM »
So Stan, what do YOU think a fair value of Protoshares is given their future deliveries?   Tens of dollars?  Thousands of dollars?   Is the design for these to be the Berkshire Hathaway stock of Cryptocurrency?

Hard to set an upper limit, isn't it?

Let's stipulate that it may take several iterations of TestShares, DAC before we reach the right mixture of fuel and air.  (The nice thing about ProtoShares is that with each iteration you get a fresh stake initialized from ProtoShares.)  Once one DAC gets it right, Katie bar the door! 

As Marvin the Martian once said to Bugs Bunny, "There's supposed to be an earth-shattering Kaboom."

However, this does not constitute financial advice.   :)

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Stan

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Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #4 on: November 15, 2013, 02:30:52 AM »
So Stan, what do YOU think a fair value of Protoshares is given their future deliveries?   Tens of dollars?  Thousands of dollars?   Is the design for these to be the Berkshire Hathaway stock of Cryptocurrency?

Hard to set an upper limit, isn't it?

Another factor that's strangely received little mention:  DACs can be for-profit corporations that pay dividends to their shareholder's.  Everybody thinks of DACs as a capital appreciation play.  It is that, but have we forgotten the original reason to form a company?  It's to make money for their shareholders!

Factor that into your value proposition for being a ProtoShareholder in this entire market sector.

You can have my PTS when you pry them from my cold dead hands.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline voldemort628

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Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #5 on: November 15, 2013, 11:27:13 PM »
When do we get an "official website" for protoshares? because imho it should have a separate one, not just a sub-site of Invictus Corp. website...

Like i think we could make pts looks more "professional" with better web page and cool stuff to promote the idea!
Cheers

Offline Lighthouse

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Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #6 on: November 15, 2013, 11:28:10 PM »
That is a great idea.  Will that becoming from Invictus? 
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline bytemaster

Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #7 on: November 16, 2013, 12:57:47 AM »
That is a great idea.  Will that becoming from Invictus?

As you might have guessed, Invictus is light on web developers.   Invictus would be more than happy to back such a site and apparently some people on this forum already grabbed the domains (how did we miss that????). 

I think we have minted enough bonus cash for protoshare's holders to fund its development, after all it will only help increase their value.   

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 simplydt

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Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #8 on: November 16, 2013, 07:28:22 AM »
That is a great idea.  Will that becoming from Invictus?

As you might have guessed, Invictus is light on web developers.   Invictus would be more than happy to back such a site and apparently some people on this forum already grabbed the domains (how did we miss that????). 

I think we have minted enough bonus cash for protoshare's holders to fund its development, after all it will only help increase their value.   


You should organise a bounty for it then, it is a great idea. It should have the video prominently featured at the top as I think it explained what protoshares are very well. The one explaining mastercoin is dubious.
« Last Edit: November 16, 2013, 07:51:51 AM by simplydt »

Offline voldemort628

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Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #9 on: November 16, 2013, 07:31:20 AM »

You should organise a bounty for it then, it is a great idea. It should have the video prominently featured at the top as I think it explained what protoshares are very well. The one explaining mastercoin is dubious.

agreed. should have bounty for a campaign promoting pts and for creating a website and stuff like that! :)

Offline dahongfei

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Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #10 on: November 16, 2013, 04:21:52 PM »
What is exactly:

Quote
5) We reserve the right to release ProtoShares v2 that honors 100% of ProtoShares v1 with 100% of the money supply allocated. 

Offline Stan

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Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #11 on: November 16, 2013, 04:40:10 PM »
So Stan, what do YOU think a fair value of Protoshares is given their future deliveries?   Tens of dollars?  Thousands of dollars?   Is the design for these to be the Berkshire Hathaway stock of Cryptocurrency?

Hard to set an upper limit, isn't it?

Another factor that's strangely received little mention:  DACs can be for-profit corporations that pay dividends to their shareholder's.  Everybody thinks of DACs as a capital appreciation play.  It is that, but have we forgotten the original reason to form a company?  It's to make money for their shareholders!

Factor that into your value proposition for being a ProtoShareholder in this entire market sector.

You can have my PTS when you pry them from my cold dead hands.

Think of the implications of this for a minute (or all day for that matter):

If you hold PTS, you will also hold BTS when BitShares launches.  That means you will immediately start collecting dividends from every subsequent transaction that takes place.  You don't even have to mine to get more shares - just sit there and collect them as your share of the DACs earnings - proportional to how much of the new DAC you own on Day One or accumulate subsequently.  Compound earnings, come to think of it...


Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline bytemaster

Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #12 on: November 16, 2013, 06:55:18 PM »
What is exactly:

Quote
5) We reserve the right to release ProtoShares v2 that honors 100% of ProtoShares v1 with 100% of the money supply allocated. 

ProtoShares is based upon the Bitcoin-Qt code base.   We may wish to 'upgrade it' in the future to support more features and this would be the upgrade path. 
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 Lighthouse

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Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #13 on: November 16, 2013, 09:17:47 PM »
What is exactly:

Quote
5) We reserve the right to release ProtoShares v2 that honors 100% of ProtoShares v1 with 100% of the money supply allocated. 

ProtoShares is based upon the Bitcoin-Qt code base.   We may wish to 'upgrade it' in the future to support more features and this would be the upgrade path. 

Does that mean that if you are holding Protoshares v1 when Protoshares 2 comes out, all Protoshares 2 will replace Protoshares 1 1:1 and no additional mining will be done on it?
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline bytemaster

Re: The Intrinsic Value of Protoshares (Update from Bytemaster)
« Reply #14 on: November 16, 2013, 09:47:37 PM »
V2 would be No different than a hard fork.  Both forks would go their separate way   We only mentioned this as an upgrade path to a new CodeBase not as a plan. 




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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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