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General Discussion / Re: Secure to hold a balance of BTSX on VPS wallet?
« on: July 21, 2014, 09:19:20 pm »
Ok great thanks I'll do that.
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I feel you man...Actually I do hope that a lot of you sell some XTS upon launching at cheap prices as I seriously need to increase my BTS holdings...I have also invested a lot in AGS but mostly after the 28th snapshot...For some reason I thought that keeping PTS was the way to go before the snapshot (Idiot...)Don't feel too bad, I did some cursory research shortly before the snapshot. I understood PTS better and so invested a bit there, then read more and had a better understanding of AGS afterwards as well.
Unless I'm missing something this doesn't seem to make any sense in terms of AGS donations. All you seem to be saying is that you'd rather be holding PTS than BTC.I am totally not following this. You start with $620 and you either buy 1 BTC with it or you buy 140PTS with it. Then you donate what you just bought and end up with X number of AGS (the same number either way if efficiency is equal). Why would it be better to use the $620 to go one way or another when you end up with the same number of AGS?
For whatever reason I have X amount of BTC and X amount of PTS. If I want to allocate say 5BTC to AGS it's better to donate BTC than to lose the dividend on my PTS for the same return in AGS.
Hmm I'm sure this will work out in the long run anyway, but this is a bit backwards to my proposal. As a delegate it seems like it would be nice to have tools that gauge shareholder sentiment about what their ideal distribution of earnings would be and then construct a delegate campaign based on that.QuoteI would LOVE it if it was possible to register "proposals" or other statement, in the same way that we register IDs, and then everyone could vote up or down on it (weighted by stake with transactions). Of course it is completely non-binding and is really just a pol of shareholder views. I think BM may have implemented something like this that is only available to delegates?
Yes, only delegates can create / vote on proposals. But shareholders vote on delegates so it is still representative of shareholder opinion without too much blockchain overhead.
This is a good idea but it is only meaningful if it can be properly weighted by stake. So you'd either need to have this site read the chain and require signatures from stake.. or we can just build it into the client =D
Wont we have voting ability in DPOS?
There is far too much posting in the main threads by newly registered participants attempting to disrupt rather than contribute. The best way to keep this forum focused would be to have a 30 day waiting period where "newbies" are only allowed to post in a "newbie" thread.I strongly disagree with this. I'd be very surprised if "newbie" posts have hindered development progress by much if at all. I don't think implementing something like this would have much upside for the cost of alienating and introducing large barriers of entry to new interested potential users or investors.
If a newly registered poster has been a "long time lurker", too bad. Because you might just be a sock puppet inculcating dissent. Or you are a hit and run investor hoping for "pump and dump" style profits and share not of the philosophical underpinnings of III.
Anyone who has been around this forum for months knows in their bones the utter integrity of the Bitshares team. You may not agree with all their decisions, but you know they are attempting to do the best they can for PTS and AGS holders and for the DAC ecosystem.
Some people have a need to tear things down rather than build things up. I personally don't understand that attitude, but hey, it takes all kinds. But it seems to me unwise to allow such people into the main threads until they have at least shown enough persistence to sit through a 30 day waiting period. Most will just gravitate to go on to badmouth other forums where little determination or creativity, and zero positive contribution, is required rather than undergo a 30 day period of learning and reflection.
Yes I certainly understand any hesitance to lay out public plans that may or may not actually materialize, as going back on those could undermine investor confidence which would be opposite to the desired effect of publicizing said plans in the first place. As far as future planned spending I think for most your best effort will be appreciated and enough.Shouldn't all these details be included in the "Fund Usage" google docs on agsexplorer.com?
I was also told the docs would be upgraded to include running balances a while ago but haven't seen changes there either.
If your current book keeper is too busy with other work that isn't transparent to investors would it be that hard or cost that much to give her some help with transcribing the more pertinent transaction and crafting public release plans for future expenses that investors can view?
Even if more meticulous records were published monthly, that would be an improvement, bring in someone to concentrate on it for a day or 2 each month and at least you'll have better records to build on when you have the resources/infrastructure to publish these changes more frequently.
I'm mainly pointing this out because from the investor perspective (mine at least) it seems like low hanging fruit that could easily garner good will for current and incentivise future investors. Hiring competent developers to contribute in the Bitcoin 2.0 space is hard and in most cases likely expensive, not so much for this job.
I'm assuming of course that those google docs are still the primary way investors can check how the AGS funds are being spent, apologies if there is a more detailed source I'm not aware of. I'm also assuming that there are more meticulous records kept behind the scenes of every penny going in and out of any owned accounts/wallets for Invictus for legal and tax purposes.
We are working on it. Angelina and Pam and I meet weekly to discuss how to improve our documentation while adapting to the new decentralized corporate architecture. As these improved spreadsheets are validated they will be made available to the public.
In the mean time, most of operational expenses lie in paying people who we have already announced are on our team. Other than that, we handle routine business expenses as they occur. If there were to be a new big project undertaken, we will, as always, enthusiastically announce it as soon as it is finalized. As for marketing, as Brian lines up promotions, he documents them in the Marketing spreadsheet.
In general, you know when we know. We are always eager to notify you of our latest thinking and we document it here on the forum in near real time.
That said, we are also aware that announcing things prematurely and then changing them as our thinking matures is guaranteed to raise an outcry. Thus we are trying to strike a balance between giving the community near real time insights and not appearing to "change the deal" as we give things further thought.
So, you are not likely to get us to lay out a long-lead plan, because experience has taught us that people don't like to see those plans change. In this industry we are innovating too fast to expect any long term plan to survive first contact with tomorrow.