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.
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?
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?
That is a great idea. Will that becoming from Invictus?
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.
5) We reserve the right to release ProtoShares v2 that honors 100% of ProtoShares v1 with 100% of the money supply allocated.
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.
What is exactly:Quote5) We reserve the right to release ProtoShares v2 that honors 100% of ProtoShares v1 with 100% of the money supply allocated.
What is exactly:Quote5) 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.
Sounds like the plan is to have many chains with different purposes, will that make them more susceptible to 51% attacks and losing synergetic benefit from combined mining power?
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.
Sounds like the plan is to have many chains with different purposes, will that make them more susceptible to 51% attacks and losing synergetic benefit from combined mining power?
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.
Great to see those ambitious plans. Still have a few questions though:
1. Are all projects open sourced? If so, for the development and releases, are you going to use Bitcoin OS model, or Ripple's model?
2. Where can I find more info on the dev team?
3. What are possible scenarios that the projects can fail?
If this is not the proper thread asking these question, please feel free to direct me to the right place.
Thanks in advance.
Here is how I came up with a speculative value. Protoshares receive 50% of dividends from mining right? That is the formula? Asicminer never achieved 50% of the mining profitability of the network and how much was a share of Asicminer worth at it's peak? Around 5 BTC per share?
Now there were only 400,000 Asicminer shares if my memory serves me correctly and there are 2 million Protoshares. 1 BTC per protoshare seems reasonable if the dividends are good enough and it could go up to 2 or 3 BTC.
But don't anyone hold me to it because I don't know anything about the plans and could be wrong.
Here is how I came up with a speculative value. Protoshares receive 50% of dividends from mining right? That is the formula? Asicminer never achieved 50% of the mining profitability of the network and how much was a share of Asicminer worth at it's peak? Around 5 BTC per share?
Now there were only 400,000 Asicminer shares if my memory serves me correctly and there are 2 million Protoshares. 1 BTC per protoshare seems reasonable if the dividends are good enough and it could go up to 2 or 3 BTC.
But don't anyone hold me to it because I don't know anything about the plans and could be wrong.
ProtoShares' current release does not pay dividends. It is a path to owning shares of other DACs when they launch, many of which will pay dividends. BitShares, for example, will pay dividends as will most Invictus DACs. Since each DAC is an independent unmanned business, other DACs from various developers may have different business models, including their own built-in transparent rules for if and how they pay dividends. This is a balance between rewarding owners (shareholders) and workers (miners), like any brick and mortar and flesh and blood business. Each developer is of course free to experiment with publishing rules that will make its DACs most attractive to investors and miners.
Here is how I came up with a speculative value. Protoshares receive 50% of dividends from mining right? That is the formula? Asicminer never achieved 50% of the mining profitability of the network and how much was a share of Asicminer worth at it's peak? Around 5 BTC per share?
Now there were only 400,000 Asicminer shares if my memory serves me correctly and there are 2 million Protoshares. 1 BTC per protoshare seems reasonable if the dividends are good enough and it could go up to 2 or 3 BTC.
But don't anyone hold me to it because I don't know anything about the plans and could be wrong.
ProtoShares' current release does not pay dividends. It is a path to owning shares of other DACs when they launch, many of which will pay dividends. BitShares, for example, will pay dividends as will most Invictus DACs. Since each DAC is an independent unmanned business, other DACs from various developers may have different business models, including their own built-in transparent rules for if and how they pay dividends. This is a balance between rewarding owners (shareholders) and workers (miners), like any brick and mortar and flesh and blood business. Each developer is of course free to experiment with publishing rules that will make its DACs most attractive to investors and miners.
Interesting, so if you give to much to the investors, most people won't want to mine. But if you give to much to the miners, most people won't want to invest. Developers will need to find the right balance of rewards in order to maximize the growth of their DACs
Here is how I came up with a speculative value. Protoshares receive 50% of dividends from mining right? That is the formula? Asicminer never achieved 50% of the mining profitability of the network and how much was a share of Asicminer worth at it's peak? Around 5 BTC per share?
Now there were only 400,000 Asicminer shares if my memory serves me correctly and there are 2 million Protoshares. 1 BTC per protoshare seems reasonable if the dividends are good enough and it could go up to 2 or 3 BTC.
But don't anyone hold me to it because I don't know anything about the plans and could be wrong.
ProtoShares' current release does not pay dividends. It is a path to owning shares of other DACs when they launch, many of which will pay dividends. BitShares, for example, will pay dividends as will most Invictus DACs. Since each DAC is an independent unmanned business, other DACs from various developers may have different business models, including their own built-in transparent rules for if and how they pay dividends. This is a balance between rewarding owners (shareholders) and workers (miners), like any brick and mortar and flesh and blood business. Each developer is of course free to experiment with publishing rules that will make its DACs most attractive to investors and miners.
Interesting, so if you give to much to the investors, most people won't want to mine. But if you give to much to the miners, most people won't want to invest. Developers will need to find the right balance of rewards in order to maximize the growth of their DACs
I think there needs to be a DAC manual.
I'm quite new to PTS, Mining, Bitcoins and bitshares and all that. But i'm very intrigued, when i started reading about it last night.
Can anyone say something about the timeline of protoshares, 1 week, a month or a year from now. What is expected to happen. and what would people want to see happen?
Can anyone say something about the timeline of protoshares, 1 week, a month or a year from now. What is expected to happen. and what would people want to see happen?http://invictus-innovations.com/protoshares says:
4) There will be many BitShares based chains, not one, and all of them will be 1:1 with ProtoShares
4) There will be many BitShares based chains, not one, and all of them will be 1:1 with ProtoShares
What is meant by 4) above. Are we talking about the different alt currencies that will be pegged to various fiat currencies or commodities (like BitUSD or BitGold)?
4) There will be many BitShares based chains, not one, and all of them will be 1:1 with ProtoShares
What is meant by 4) above. Are we talking about the different alt currencies that will be pegged to various fiat currencies or commodities (like BitUSD or BitGold)?
No, they're saying that in the future the ratio might be different than 1:1 - So there might be examples where for every 10 PTS you have you get 1 of the new chain (1:10), or for every 1 PTS you have you get 100 of the new chain (100:1).
Things could change with unannounced chains, they're leaving their options open to experiment.
4) There will be many BitShares based chains, not one, and all of them will be 1:1 with ProtoShares
What is meant by 4) above. Are we talking about the different alt currencies that will be pegged to various fiat currencies or commodities (like BitUSD or BitGold)?
No, they're saying that in the future the ratio might be different than 1:1 - So there might be examples where for every 10 PTS you have you get 1 of the new chain (1:10), or for every 1 PTS you have you get 100 of the new chain (100:1).
Things could change with unannounced chains, they're leaving their options open to experiment.
I believe it is actually the opposite. They are saying PTS will always be a 1:1 ratio.
4) There will be many BitShares based chains, not one, and all of them will be 1:1 with ProtoShares
What is meant by 4) above. Are we talking about the different alt currencies that will be pegged to various fiat currencies or commodities (like BitUSD or BitGold)?
No, they're saying that in the future the ratio might be different than 1:1 - So there might be examples where for every 10 PTS you have you get 1 of the new chain (1:10), or for every 1 PTS you have you get 100 of the new chain (100:1).
Things could change with unannounced chains, they're leaving their options open to experiment.
I believe it is actually the opposite. They are saying PTS will always be a 1:1 ratio.
What we have said is that PTS will represent 10% of the money supply of new coins in the genesis block.
4) There will be many BitShares based chains, not one, and all of them will be 1:1 with ProtoShares
What is meant by 4) above. Are we talking about the different alt currencies that will be pegged to various fiat currencies or commodities (like BitUSD or BitGold)?
No, they're saying that in the future the ratio might be different than 1:1 - So there might be examples where for every 10 PTS you have you get 1 of the new chain (1:10), or for every 1 PTS you have you get 100 of the new chain (100:1).
Things could change with unannounced chains, they're leaving their options open to experiment.
I believe it is actually the opposite. They are saying PTS will always be a 1:1 ratio.
What we have said is that PTS will represent 10% of the money supply of new coins in the genesis block.
Will the other 90% come from mining?
Thx for the explanation