Author Topic: Please treat your supporters better  (Read 8159 times)

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Offline barwizi

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i think thats rather unkind, i haven't seen a team this proactive in a long time. instead of a wait and see approach they've been working almost 24/7 to keep this project up and fluid. Don't judge the value of pts by these small exchanges, remember it has enough traction to garner attention from larger ones, also they are a guaranteed investment, this is a crypto with a future.

and just as a thought, could u try applying that logic to BTC? i think it makes sense to have a small fraction of high value commodity than to have tons of useless crap. see infinitecoin, PTS already broke the million dollar mark, that's not an achievement to just brush off.
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Offline Lighthouse

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Also, before you gawk at the price too much or complain about only making 5pts per day with your desktop computer, look at what you get from PTS and think of ANY other cryptocurrency out there that offers ANYTHING like it

I am going to chime in here with some clarity for all involved. 

1) All chains Invictus launches will be derived from ProtoShares 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 ProtoShares

Exceptions to the ProtoShares 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.
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 Lighthouse

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Recent increases in PTS mining difficulties means bassically that many of the supporters of this project are going to get practically nothing.
With a modern CPU (i7) we can now get around 2-5 PTS a day. That is NOTHING.
Now tell me how we could operate on bitshares or keyhotee if even to acquire a simple name you need 100PTS?
And if we have to exchange or buying anything using Bitcoin, oh boy, this is the most expensive service ever created. 0.25BTC for a single name or 0.01BTC for 1PTS?

There is no way this can work, and you're now starting to lose supporters because of your greed.

I think you've misunderstood the Keyhotee Founder program - If you DONATE (was 100) 10PTS to Invictus, you get your first pick of names and you never have to mine it.  But you can still have a name in Keyhotee without buying it if you just wait until the Nameshares chain launches, then you'll be able to mine whatever name you want with about an hour of time on your computer per year.

So that's not the price of a name, there is no price - you can't buy them, you mine for them.  Or you donate to Invictus and get put in the Genesis block.
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

We tried to make it available for all with the initial difficulty set at about 1 block per day per user... that didn't last long :(

Would you consider returning to less difficulty?

Can't too many miners and blocks are already flowing 10x faster than they should.   
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Offline liberman

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We tried to make it available for all with the initial difficulty set at about 1 block per day per user... that didn't last long :(

Would you consider returning to less difficulty?

Offline bytemaster

We tried to make it available for all with the initial difficulty set at about 1 block per day per user... that didn't last long :(
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 fav

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Who do you think is responsible for the difficulty change? Invitcus?

No, the miners.

Also, Keyhotee Pre-Order has been reduced to 10PTS

Offline liberman

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Recent increases in PTS mining difficulties means bassically that many of the supporters of this project are going to get practically nothing.
With a modern CPU (i7) we can now get around 2-5 PTS a day. That is NOTHING.
Now tell me how we could operate on bitshares or keyhotee if even to acquire a simple name you need 100PTS?
And if we have to exchange or buying anything using Bitcoin, oh boy, this is the most expensive service ever created. 0.25BTC for a single name or 0.01BTC for 1PTS?

There is no way this can work, and you're now starting to lose supporters because of your greed.