Just seen the preview video, great stuff.

Another question, since xt is a MVP, does it still include inactivity fees? If so how much are they and for what period. Can remember reading this, but unable to find the topic.

There would be some trust involved, that the business owner would deposit everything into the DAC, etc., and not jump ship, but that risk already exists in expecting a digital DAC owner to honor the Social Contract. Would my offline suggestion be any different than a corporation or a government that decides to turn over its voting to the digital blockchain, which I know DAC proponents have suggested as a future possibility?

The big difference is that an "online" DAC is open source. If the "digital DAC owner" where to decide not to honour the contract. The DAC would simply be forked(copied) by someone who will honour the social contract. The digital DAC makes this form of trust unnecessary.

You got the C right out of DAC.

A DAC is 100% code.  I think you're missing the autonomous part.

So if mr juice boy starts a company, it wouldn't be a DAC.

An easier example of a DAC is bitshares itself, once launched it's a decentralized exchange which runs on it's own.

Bitshares is just the first DAC by Invictus, it's not connected to other DAC's.

On 28.2 4 million bitshares are given away to PTS and AGS holders.
2 million bitshares are given to people (like you) who own PTS. At that moment a little over 1.5 million PTS exist. So for every PTS you'll get about 1.3 BTS(bit shares).

So the snapshot is a list of people who will get bitshares.
Your PTS is NOT transformed to BTS
PTS= PTS+BTS

Selling is your choice, exchanges like bter, will still accept PTS.
If you want to sell you have to wait till march 1 0.00 (01.00 German time), don't take it out of your wallet before or you don't get BTS.
PTS will likely drop a bit in price, but when a New DAC is about to be released the price will go up again.

I think they will drop because a Lott of people think PTS will only give BTS.

Es tut Mir leit, German is nicht gut.

Quote from: CLains on February 20, 2014, 01:36:11 pm

As long as you have your PTS in a private wallet by 28th Feb. you can figure out the rest later. When BTS is released around The Ides of March (15th) there will be guides to help you claim them.

Apologies as I'm a bit confused... Do we have to continue to hold PTS till March 15 in order to be eligible for BTSX?

No till March 1st, just be sure to download the PTS wallet, and keep it there

Hi Adam,

From a noobs perspective I think you're overreacting a bit.

In this fast evolving crypto space, I'd rather see a company adapt and make changes, then just continue the lesser original plan. If the funding with PTS was simply just not enough, then AGS was necessary. Something could be said about how AGS devalued PTS in the short term, but it's to late to reverse. But the value of PTS to BTS and following DAC's hasn't got worse.

So far the decisions made by III seem logical.

Can someone confirm this?:

60 days of funding for the snapshot. Jan+Feb+1 keyhotee
AGS created 10000*60=600k
2 million/600k=3.3333 BTS per AGS

there is no rule against posting your addresses and receiving some coin for your patience guys...hint hint 

9ZdkxeyaRnKun9ihztKKTHeMHB5p2yzSxz Cheers