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can I buy now? And how much?Sent from my ALCATEL ONE TOUCH 997D using Tapatalk
Quote from: 029xue on December 20, 2013, 02:54:01 pmDoes anyone think the 10 PTS price is too high for a found id at current time? I think the title of this thread is misleading and causing confusion. It should be, "Donate 10 PTS and receive a Founder ID as a Thank You" or something similar. At any rate as I've said before those that donated early lost the option to sell if PTS really took off. By delaying your donation you've kept that sell option open for yourself and 3I hasn't had the funds for dev costs during that time. Viewed from that perspective the early donors have paid more in opportunity costs than those on the fence about donating now.On a side note a question for Stan or Bytemaster: My PTS wallet has a lot of private keys in use due to mining (both solo and pooled) as well as generating addresses for various reasons. I was thinking of sending my wallet balance to a new wallet so that all PTS are stored in a single pirv/pub key pair. Is there any advantage/disadvantage to doing this? Currently I feel my wallet is a bit fragmented but I also don't want to lose the age of the coins/transactions if that matters for anything.Thanks.
Does anyone think the 10 PTS price is too high for a found id at current time?
Just a question: I signed for my ID when it was 0,25 BTC minimum, if I would like to add some PTS to bounce it up a bit how is this done? Am I bonded to the 10 PTS minimum or can I add any amount?
Quote from: Stan on November 22, 2013, 02:37:24 pmQuote from: JustHayden on November 22, 2013, 12:59:40 pmI finally decided to look into what this Keyhotee was and I have to say I'm very excited for this thing to take off! I was going to mine 10 PTS to sell and add to my LTC fund but I'm going to put it towards a reserved ID instead.Just one question though, it might have been already answered but... How do you know these companies will adopt Keyotee?As always, you must grow a large user base and then the big name companies will come to you. We believe that concern over the exposed abuses of untrustworthy and/or tyrannical governments and the network effect of each new adopter encouraging their associates to interact with them through Keyhotee's private channels will grow the user base virally.Also when will we be able to buy stock in the company? This is something I'd really like to get into before big names get their greedy hands on lol
Quote from: JustHayden on November 22, 2013, 12:59:40 pmI finally decided to look into what this Keyhotee was and I have to say I'm very excited for this thing to take off! I was going to mine 10 PTS to sell and add to my LTC fund but I'm going to put it towards a reserved ID instead.Just one question though, it might have been already answered but... How do you know these companies will adopt Keyotee?As always, you must grow a large user base and then the big name companies will come to you. We believe that concern over the exposed abuses of untrustworthy and/or tyrannical governments and the network effect of each new adopter encouraging their associates to interact with them through Keyhotee's private channels will grow the user base virally.
I finally decided to look into what this Keyhotee was and I have to say I'm very excited for this thing to take off! I was going to mine 10 PTS to sell and add to my LTC fund but I'm going to put it towards a reserved ID instead.Just one question though, it might have been already answered but... How do you know these companies will adopt Keyotee?
But until Keyhotee goes live, we have to do it manually, corruptible humans though we are.
Invictus, of course, is not a DAC (and therefore shouldn't be trusted fully).
Quote from: Stan on November 17, 2013, 06:21:01 amThere will be no round of open bidding. You can add to your "sealed bid" at any time before Christmas Eve but we can't have an auction for several practical reasons:Correct me if I'm getting this wrong:you "collect" all Founder-IDs in a "secret" list only you can see - until Xmas.The list is not public because you don't want others to steal clever name ideas.If someone wants to be sure he gets his clever name after Christmas Eve, he should add to his "sealed bid" an unknown amount of PTS.Looking at the "open" aspect of the whole thing: who guarantees that you don't steal the clever names yourself as you have everything you need for it (the name and the highest bid). I don't want to allege that you do - but you (and nobody else) would be able to.Wouldn't something like first come - first served be better?
There will be no round of open bidding. You can add to your "sealed bid" at any time before Christmas Eve but we can't have an auction for several practical reasons:
Sealed first-price auction, also known as a first-price sealed-bid auction (FPSB). In this type of auction all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price they submitted.[3][16] This type of auction is distinct from the English auction, in that bidders can only submit one bid each. Furthermore, as bidders cannot see the bids of other participants they cannot adjust their own bids accordingly.[16] This kind of bid produces the same outcome as Dutch auction.[18] What are effectively sealed first-price auctions are commonly called tendering for procurement by companies and organisations, particularly for government contracts and auctions for mining leases.[16]
Are Keyhotee IDs transferable? Every corporate name seems up for grabs, and my understanding is that name squatters now get prosecuted. If I purchased "IBM" or "Microsoft" then is there a way that I could transfer the ID if I wanted to or was ordered by a court to? If you want to make money off the names then you could consider guarding against use of corporate names like "IBM". Not sure how to do that, but it seems like asking for trouble if you don't.
I'm concerned about the "pull ranks" comments. It seems more like an unequal caste system being built than a equality-under-the-law system. How about if the ruling caste at least give a list of names in advance that no other shall claim so that we know everything else is up for grabs?
Better yet would be if you let bitSharesTalk.org be used to reserve names that have the option to be purchased for 10 PTS by a certain date. "bytemaster" and "Stan" would get first dibbs on their IDs by the same rules as the rest of us. No need to create an unjust system with resentment and worry. People will still need to pay a fixed amount to get a Keyhotee ID for their forum ID or else it can be purchased by someone else at highest market price. The owner of the forum ID can pay a base price and need not fear being outbid or having "ranks pulled".
I'm concerned about these closed bids being opened to a round of open bidding late in the cycle. If the point is to maximize your ability to sell names then you'll accomplish that; however, people already resent how quickly mining became unprofitable and this just grows resentment. You want this to be more than a sandbox that a few privileged play in then you should provide and low barriers with equal opportunity. Opportunities for participants and not just the elite caste and mining farmers.
How long does it take after we sign up to get our email notice with payment info. I don't want to miss it or have it go to spam.
Will the list be made public prior to closing?
ProtoShares is not for Keyhotee ID.... ProtoShares is for a position in the genesis block of BitShares and all other currency based block-chains. We reduced the price on our website to 10 PTS
signed ... looking forward to get PTS payout address for my kehotee ID founder account...thx
Quote from: luckybit on November 11, 2013, 10:01:52 amQuote from: bytemaster on November 07, 2013, 04:54:50 pmWe are also accepting Keyhotee ID PreOrders for 100+ PTS!http://invictus-innovations.com/founder-sign-upJesus Christ! 100+PTS?That is like 10 BTC. Sorry but who is going to pay 100+ PTS for a Keyhotee ID?Maybe you mean more like 12 PTS. Quote from: bytemaster on November 07, 2013, 08:30:15 pmQuote from: Lighthouse on November 07, 2013, 08:07:55 pmQuote from: bytemaster on November 07, 2013, 06:35:04 pmQuote from: Lighthouse on November 07, 2013, 06:31:49 pmI agree, the price was 12 PTS yesterday, this is a big drop.It was actually a major price hike considering the cost of acquiring PTS and their value to those who believe in what we are doing enough to buy a Keyhotee ID. I would argue that "price hike" based on current exchange rates is irrelevent. If you were selling a good that was resellable it might be a valid concern, but given that you expect the value of PTS to go up over time (I assume) it doesn't make sense for this to be price sensitive.You should not change the price until exchanges exist, but it would be much better if you didnt change the price at all except to lower it. You will get more people willing to spend 25 PTS if they feel like they're getting a value from you (because it's cheaper than the current BTC exchange), you lose nothing and over time you'll probably gain more value from the PTS than BTC because PTS has more potential for exponential appreciation.I think you should set the minimums at .25btc or 25 PTS and keep it there until it's flatly untenable.There is overhead associated with adding names, and they are a premium product.... My reasoning for hiking the price is because the current cost of mining 100PTS is very low... and the REPUTE points you get for being a founder are supposed to indicate that you invested at least $100 in your name. 100 PTS right now only means you invested 1 day of CPU power... If you anyone is willing to buy at a Keyhotee ID at $50 or $25 but not $100 then post here. I would like to understand the demand...Very low? Even with digital ocean it took close to $100 to mine just hundreds of PTS. Difficulty has skyrocketed.Now you're right, it is cheap to mine if you mean to say over the long term if everyone mines for months non stop but the last week or so it was extremely difficult to mine to the point that you had to do a fork. I doubt many people have 1000PTS. I think most people have around 100PTS and many don't even have that so this price point is kind of comical at this point in time. In the future it will be just as comical because when a real exchange is up the price will probably be even higher for a good while. 12.5 PTS is around 0.25 BTC. Quote from: bytemaster on November 08, 2013, 01:08:05 amI have devised a solution to the problem of declaring a price fix indirectly for my Keyhotee ID prices.I will now ONLY accept payment for Keyhotee IDs via ProtoShares and will credit your ID with the market value of the ProtoShares as of Christmas Eve so you do not lose any appreciation and it all gets credited to your ID.This is what you should have done all along. Protoshares are a sort of credit coin or stock which represents all of Invictus Innovations. It should be that you only deal in PTS and this way the value of PTS increases. Keep in mind these posts were a few days ago when the value of 100PTS was substantially lower than .25btc, and mining was about 32x less difficult.This is exactly what I was concerned about though, now they either have to lower the price or have fewer people take up their pre-order offer because its simply not economical.
Quote from: bytemaster on November 07, 2013, 04:54:50 pmWe are also accepting Keyhotee ID PreOrders for 100+ PTS!http://invictus-innovations.com/founder-sign-upJesus Christ! 100+PTS?That is like 10 BTC. Sorry but who is going to pay 100+ PTS for a Keyhotee ID?Maybe you mean more like 12 PTS. Quote from: bytemaster on November 07, 2013, 08:30:15 pmQuote from: Lighthouse on November 07, 2013, 08:07:55 pmQuote from: bytemaster on November 07, 2013, 06:35:04 pmQuote from: Lighthouse on November 07, 2013, 06:31:49 pmI agree, the price was 12 PTS yesterday, this is a big drop.It was actually a major price hike considering the cost of acquiring PTS and their value to those who believe in what we are doing enough to buy a Keyhotee ID. I would argue that "price hike" based on current exchange rates is irrelevent. If you were selling a good that was resellable it might be a valid concern, but given that you expect the value of PTS to go up over time (I assume) it doesn't make sense for this to be price sensitive.You should not change the price until exchanges exist, but it would be much better if you didnt change the price at all except to lower it. You will get more people willing to spend 25 PTS if they feel like they're getting a value from you (because it's cheaper than the current BTC exchange), you lose nothing and over time you'll probably gain more value from the PTS than BTC because PTS has more potential for exponential appreciation.I think you should set the minimums at .25btc or 25 PTS and keep it there until it's flatly untenable.There is overhead associated with adding names, and they are a premium product.... My reasoning for hiking the price is because the current cost of mining 100PTS is very low... and the REPUTE points you get for being a founder are supposed to indicate that you invested at least $100 in your name. 100 PTS right now only means you invested 1 day of CPU power... If you anyone is willing to buy at a Keyhotee ID at $50 or $25 but not $100 then post here. I would like to understand the demand...Very low? Even with digital ocean it took close to $100 to mine just hundreds of PTS. Difficulty has skyrocketed.Now you're right, it is cheap to mine if you mean to say over the long term if everyone mines for months non stop but the last week or so it was extremely difficult to mine to the point that you had to do a fork. I doubt many people have 1000PTS. I think most people have around 100PTS and many don't even have that so this price point is kind of comical at this point in time. In the future it will be just as comical because when a real exchange is up the price will probably be even higher for a good while. 12.5 PTS is around 0.25 BTC. Quote from: bytemaster on November 08, 2013, 01:08:05 amI have devised a solution to the problem of declaring a price fix indirectly for my Keyhotee ID prices.I will now ONLY accept payment for Keyhotee IDs via ProtoShares and will credit your ID with the market value of the ProtoShares as of Christmas Eve so you do not lose any appreciation and it all gets credited to your ID.This is what you should have done all along. Protoshares are a sort of credit coin or stock which represents all of Invictus Innovations. It should be that you only deal in PTS and this way the value of PTS increases.
We are also accepting Keyhotee ID PreOrders for 100+ PTS!http://invictus-innovations.com/founder-sign-up
Quote from: Lighthouse on November 07, 2013, 08:07:55 pmQuote from: bytemaster on November 07, 2013, 06:35:04 pmQuote from: Lighthouse on November 07, 2013, 06:31:49 pmI agree, the price was 12 PTS yesterday, this is a big drop.It was actually a major price hike considering the cost of acquiring PTS and their value to those who believe in what we are doing enough to buy a Keyhotee ID. I would argue that "price hike" based on current exchange rates is irrelevent. If you were selling a good that was resellable it might be a valid concern, but given that you expect the value of PTS to go up over time (I assume) it doesn't make sense for this to be price sensitive.You should not change the price until exchanges exist, but it would be much better if you didnt change the price at all except to lower it. You will get more people willing to spend 25 PTS if they feel like they're getting a value from you (because it's cheaper than the current BTC exchange), you lose nothing and over time you'll probably gain more value from the PTS than BTC because PTS has more potential for exponential appreciation.I think you should set the minimums at .25btc or 25 PTS and keep it there until it's flatly untenable.There is overhead associated with adding names, and they are a premium product.... My reasoning for hiking the price is because the current cost of mining 100PTS is very low... and the REPUTE points you get for being a founder are supposed to indicate that you invested at least $100 in your name. 100 PTS right now only means you invested 1 day of CPU power... If you anyone is willing to buy at a Keyhotee ID at $50 or $25 but not $100 then post here. I would like to understand the demand...
Quote from: bytemaster on November 07, 2013, 06:35:04 pmQuote from: Lighthouse on November 07, 2013, 06:31:49 pmI agree, the price was 12 PTS yesterday, this is a big drop.It was actually a major price hike considering the cost of acquiring PTS and their value to those who believe in what we are doing enough to buy a Keyhotee ID. I would argue that "price hike" based on current exchange rates is irrelevent. If you were selling a good that was resellable it might be a valid concern, but given that you expect the value of PTS to go up over time (I assume) it doesn't make sense for this to be price sensitive.You should not change the price until exchanges exist, but it would be much better if you didnt change the price at all except to lower it. You will get more people willing to spend 25 PTS if they feel like they're getting a value from you (because it's cheaper than the current BTC exchange), you lose nothing and over time you'll probably gain more value from the PTS than BTC because PTS has more potential for exponential appreciation.I think you should set the minimums at .25btc or 25 PTS and keep it there until it's flatly untenable.
Quote from: Lighthouse on November 07, 2013, 06:31:49 pmI agree, the price was 12 PTS yesterday, this is a big drop.It was actually a major price hike considering the cost of acquiring PTS and their value to those who believe in what we are doing enough to buy a Keyhotee ID.
I agree, the price was 12 PTS yesterday, this is a big drop.
I have devised a solution to the problem of declaring a price fix indirectly for my Keyhotee ID prices.I will now ONLY accept payment for Keyhotee IDs via ProtoShares and will credit your ID with the market value of the ProtoShares as of Christmas Eve so you do not lose any appreciation and it all gets credited to your ID.
Right now the number of people signing up for Keyhotee IDs is only a couple per day so they can easily get some PTS
Is that a better solution before a non-manual exchange exists?
People may see the rate as an official exchange rate. It might be bad for ProtoShares exchange and further BitShares exchange.