Quote from: fuzzy on November 02, 2014, 05:15:15 am

Quote from: amencon on November 02, 2014, 12:41:03 am

I support this initiative.  The worst that happens is that this spinoff of DNS DAC is out-competed by BTS.  If some innovation is created with this new DNS DAC and BTS copies it, then all the better.  I'd imagine many people will be invested in both anyway.

Put me on whatever list or mailings you plan if this does move forward.

Thanks.

As I see it, the value proposition can go MUCH farther.  Imagine, for instance, that a talented group of developers decide to fork DNS to make a new chain with different innovations (or to make it more friendly to a certain jurisdiction).  Those Devs essentially snapshot current ownership in the forked chain with a large %, can give themselves a small stake or allot a small % for a crowd sale to gain funding to test their metal against other chains' devs.  Those who are successful have NOW MADE A NAME for themselves to the degree where if BTS doesn't pick them up, another SuperDAC will.  If not, the task of simply building on the DNS fork (or even PTS, VOTE...etc for that matter) will likely have made them capable of building their own SuperDAC to rival others. 

Think bigger guys and girls!  This is a potential Multi-Trillion Dollar Industry!  Imagine being sharedropped on 10 different DNS forks, holding them all for 10 years and 2-3 of them ending up reaching valuations of 1+ Billion Dollars, just to be bought out by a SuperDAC (or maybe even more than 1).  Then you have made off QUITE nicely.  If this game is played right and developers know that supporting the community with significant sharedrops is a viable means by which they can earn attention and work to attain legitimacy in the industry...we have essentially made a very positive feedback loop that also protects us with the power of a diversified marketplace while protecting from corruption and also potentially making original holders very wealthy.... 

People see this as bad but I think that is just fear and impatience talking. I see this as potentially one of the best things I could ever imagine.  Sure, it MIGHT take a very small portion of the BTS valuation (initially) but it will spread the word that the bitshares ecosystem is evolving and not just settling into one static, microsoft-like existence.  Think of it as cheap advertising...

When this market can support literally hundreds of forked chains with their own special attributes (like altcoins have), we will know we have made it to where we all want this to go...the moon.  Let's consider these forks as Wormholes that force us to ask "which moon? There are sooooo many!"

I like that.  The bigger the bitshare ecosystem, the more people will notice us.   

Yes, maybe we should give Vote, DNS and BTS their own chains.

But for real. The timing for this proposal is just off. If they were to have their own share no problem, but sharedropping on DNS is not a good idea.
We just settled on the merger sharedrop, even giving some DNS from the dev fund to make people whole. And if this were to go through, it would give a small incentive for selling BTSX and buying DNS, making the merger for simplification even more complicated.

Since DNS holders are made whole, I would suggest waiting until after the merger snapshot and just sharedrop on PTS/AGS/BTS in whatever combination you think is best.

Other than that go for it, and good luck.

This is not the official DNS team at all! this is completely unrelated to the bitshares team! If people are getting nervous from this thread having been posted, it should be deleted. Chinese people might understand only parts of it and think that DNS is getting restarted and the plans have changed again。

This might be a third party DAC, but they are proposing using the current DNS as proto shares.
So this will have implications for DNS and BTSX. So effectively it's no different from DNS restarting.

Good luck guys 

So PTS & AGS are kind of carrying on separately, DNS is carrying on separately. Vote was never really started... 30 day rewind anyone?

this is getting silly now.

One of the pressing questions we face in the long-term is the issue of 3rd-party DAC developers and who they should airdrop to. Here are the options that I've seen discussed (my favorite option is #3 or #4, btw):

1. We could leave AGS as-is, and port only PTS into GENESIS (user-issued asset on BTS). That way, GENESIS is essentially PTS 2.0, and we preserve the idea that AGS is the illiquid share class, PTS is the liquid one.

2. There have been at least two proposals (by Shentist and emski, I believe) to create a user-issued asset on the new BTS called GENESIS and snapshot it 50/50 AGS/PTS. Then new DACs would honor GENESIS with a 20% snapshot. I'm not crazy about combining AGS with anything like that. IMO, AGS should be left alone (disclosure: I own only 12 AGS; I'm not speaking from dishonest bias here).

3. Let PTS end, but preserve AGS. Now, 3rd-party devs would be recommended to honor 10% AGS and 10% BTS. It does still give a slight preference to pre-Feb28 donators, but only a slight one, and preserves the original intentions of AGS. It ends PTS, which simplifies the marketing message (PTS was always a weird idea, don't you think?).

4. Invictus has floated the idea that they should honor the new BTS with 20%. The rationale is that the new BTS snapshotted AGS/PTS and thus honoring BTS is like honoring AGS/PTS. The dramatic flaw in this proposal is that it gives a huge preference to pre-Feb28 AGS donators. For that reason, I strongly oppose this option because it's severely unfair to those who donated after the original BTSX snapshot.


Discuss.

Sent from my SCH-S720C using Tapatalk 2

Let's not forget that pre-Feb28 AGS Donators paid a huge premium.
Also destroying AGS might be a good idea, with the SEC knocking on "crypto IPO" doors

This might be one for the stupid questions thread.

But since it's a DAC, anybody can come up with a dilution proposal right?
It doesn't necessarily have to be Invictus issuing new shares, as long as they get enough votes.

Quote from: Ander on October 19, 2014, 08:26:44 am

I think this panic dumping is going to be the bottom of the current BTSX downtrend.
(But I'm not sure how much this panic dumping is going to take us down before we hit that bottom). 

I wish I had more to buy with right now, to try and catch the bottom of thisdump, but the sad thing is that I just bought a bunch earlier today.  One day too early

I'm waiting for the fudsters sold me even cheaper.
 

Unbelievable all this talk about FUD.
The only form of FUD spread is by byte master, with remarks like vote would have more potential to the moon than BTSX.

Really some funds should be spend on a PR manager, this could have gone down a whole lot easier.
Now there is mass panic, because there are a couple of proposals without any definitive outcome.

Quote from: testz on October 11, 2014, 08:56:25 am

Quote from: cass on October 11, 2014, 08:53:56 am

i didn't create the peertracks logo. I created an alternative one ...




And Xerocs you're right, they don't use this one...

I like this logo, simple and in same stile as KeyID 

Yup and combines both (usable as small CURR symbol)... Brand with the currency ... P + ♩

also the logo being used now just looks sloppy, with the 3 WiFi like stripes, not even aligned with the P