Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: TimeBank DAC  (Read 3377 times)

Offline CinniDev

  • Newbie
  • *
  • Posts: 10
    • View Profile
TimeBank DAC
« on: September 09, 2014, 11:32:50 AM »

Hello BitShares community
I am making a DAC called TimeBank

TimeBank will have 187.5 million coins.
The distribution will be 80% to Cinni holders(150 million coins)
10% to PTS holders (18.75 million coins)
and 10% to AGS holders (18.75 million coins)
The trading code is: TIME

Users of TimeBank will be able to use units of time as the currency.
This detail will be made in the user interface rather than in the block chain itself. TimeBank will display a users balance as units of time and allow users to send units of time to each other.

In the time calculations in the user interface, each coin is calculated as 1 hour.
So if someone has a million TimeBank, his wallet balance is shown as 114 Years, 56 Days 39 Hours 59 Minutes 59 seconds.

When a user sends time, the user interface will convert the amount of time being sent back into actual coins before sending the transaction to the block chain.   
I haven't decided on the trading code yet. I am open to suggestions.

Since I am building this project as a BitSharesX fork, it will have BitSharesX's features too.

I will be also adding encrypted messaging. And later on a betting system that uses feeds.

I would love to hear your input and suggestions to make this project better.
« Last Edit: September 11, 2014, 08:14:27 AM by CinniDev »

Offline Riverhead

Re: TimeShares DAC
« Reply #1 on: September 09, 2014, 11:43:12 AM »
Cool! Looking forward to seeing how this develops....and maybe getting my self some nice vacation locations :D .

I can see how this can use BitSharesX platform as TimeShares will have different values by location, time of year, current events, weather, etc. A futures prediction market if I ever saw one.

Would the properties be bitAssets?
« Last Edit: September 09, 2014, 11:45:30 AM by Riverhead »

Offline gyhy

  • Hero Member
  • *****
  • Posts: 848
    • View Profile
Re: TimeShares DAC
« Reply #2 on: September 09, 2014, 11:55:07 AM »
 +5%

Offline pgbit

  • Sr. Member
  • ****
  • Posts: 239
    • View Profile
Re: TimeShares DAC
« Reply #3 on: September 09, 2014, 11:57:15 AM »
Interesting idea... You will gain much support here for the PTS and AGS allocation - good luck!

Offline serejandmyself

  • Sr. Member
  • ****
  • Posts: 354
    • View Profile
Re: TimeShares DAC
« Reply #4 on: September 09, 2014, 12:02:06 PM »
interesting. But if its a bitshares x family, wouldnt it make more sence to give shares to btsx holders rather then pts holders?
btsx - bitsharesrussia

Offline emski

  • Hero Member
  • *****
  • Posts: 1283
    • View Profile
    • http://lnkd.in/nPbhxG
Re: TimeShares DAC
« Reply #5 on: September 09, 2014, 12:08:35 PM »
What is the purpose of this?

Offline Riverhead

Re: TimeShares DAC
« Reply #6 on: September 09, 2014, 12:09:04 PM »
interesting. But if its a bitshares x family, wouldnt it make more sence to give shares to btsx holders rather then pts holders?


BitSharesX was PTS/AGS so I can see why this would follow the same path: The import mechanisms are already in place. However, I can see where you're coming from. Worth considering. It may be the case that bitUSD is supported by TimeShares and with cross chain trading you'd automatically have stake.

Offline Riverhead

Re: TimeShares DAC
« Reply #7 on: September 09, 2014, 12:09:43 PM »

Offline emski

  • Hero Member
  • *****
  • Posts: 1283
    • View Profile
    • http://lnkd.in/nPbhxG
Re: TimeShares DAC
« Reply #8 on: September 09, 2014, 12:20:04 PM »
What is the purpose of this?


I am thinking it is this:


http://en.wikipedia.org/wiki/Timeshare

Not enough information to get excited...
I could imagine a lot of possible use cases for a thing named "TimeShares DAC".
However I see no description of what is planned and its intended purpose.

Offline CinniDev

  • Newbie
  • *
  • Posts: 10
    • View Profile
Re: TimeShares DAC
« Reply #9 on: September 09, 2014, 12:20:54 PM »
Cool! Looking forward to seeing how this develops....and maybe getting my self some nice vacation locations :D .

I can see how this can use BitSharesX platform as TimeShares will have different values by location, time of year, current events, weather, etc. A futures prediction market if I ever saw one.

Would the properties be bitAssets?

I am thinking it is this:


http://en.wikipedia.org/wiki/Timeshare
Hey Riverhead

This DAC isn't related to real timeshares
Maybe the name suggests that it does.
If you have suggestions on a different name that would suite the project better that would be nice.

However what you said is a great idea and maybe bitassets can be made for them.

Offline feedthemcake

  • Full Member
  • ***
  • Posts: 156
    • View Profile
Re: TimeShares DAC
« Reply #10 on: September 09, 2014, 12:27:45 PM »
Cool! Looking forward to seeing how this develops....and maybe getting my self some nice vacation locations :D .

I can see how this can use BitSharesX platform as TimeShares will have different values by location, time of year, current events, weather, etc. A futures prediction market if I ever saw one.

Would the properties be bitAssets?

I am thinking it is this:


http://en.wikipedia.org/wiki/Timeshare
Hey Riverhead

This DAC isn't related to real timeshares
Maybe the name suggests that it does.
If you have suggestions on a different name that would suite the project better that would be nice.

However what you said is a great idea and maybe bitassets can be made for them.

I'm confused. What exactly would the "timeshares" be used for? What is their value?

Offline CinniDev

  • Newbie
  • *
  • Posts: 10
    • View Profile
Re: TimeShares DAC
« Reply #11 on: September 09, 2014, 12:34:28 PM »
Cool! Looking forward to seeing how this develops....and maybe getting my self some nice vacation locations :D .

I can see how this can use BitSharesX platform as TimeShares will have different values by location, time of year, current events, weather, etc. A futures prediction market if I ever saw one.

Would the properties be bitAssets?

I am thinking it is this:


http://en.wikipedia.org/wiki/Timeshare
Hey Riverhead

This DAC isn't related to real timeshares
Maybe the name suggests that it does.
If you have suggestions on a different name that would suite the project better that would be nice.

However what you said is a great idea and maybe bitassets can be made for them.

I'm confused. What exactly would the "timeshares" be used for? What is their value?
It can be used like a normal coin
To trade, to buy things to sell things.
It will have encrypted messaging system.
And later on a betting system that uses feeds.
Also it will have an asset exchange like bitsharesx so it will be a cheaper way to issue assets.

Offline Riverhead

Re: TimeShares DAC
« Reply #12 on: September 09, 2014, 12:42:44 PM »

Ok, add me to the list of confused people then :) .

The name TimeShares - what does it refer to? What is being time shared? Say I have an hour of time...what do I spend it on?

Offline GaltReport

Re: TimeShares DAC
« Reply #13 on: September 09, 2014, 12:49:57 PM »
This has given me an idea.  I may create a DAC called MonthShares.  It will be denominated in months. If you have 24, the wallet will show 2 years.  The purpose of the DAC is to let people trade, ah, months of time...something like that...still working on the details...will update soon.

Offline CinniDev

  • Newbie
  • *
  • Posts: 10
    • View Profile
Re: TimeShares DAC
« Reply #14 on: September 09, 2014, 12:51:26 PM »

Ok, add me to the list of confused people then :) .

The name TimeShares - what does it refer to? What is being time shared? Say I have an hour of time...what do I spend it on?
You can spend it on things people are willing to sell for 1 hour of the TimeShares
It will depend on the market value.

The name timeshares in this DAC was supposed to mean shares of time

But it has another meaning so it is confusing.
That is my fault for not explaining clearly.

 

Google+