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Messages - 天籁

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421
General Discussion / Re: Should we continue to funding mining of PTS?
« on: October 18, 2014, 06:30:18 am »
It is better that I3 makes the announcement.
In the crypto world, 2.5 weeks is enough time. It's not like we're erasing PTS, just snapshotting it. Even if someone goes on vacation for a month and misses this, then:

(1) If they hold PTS, they'll have value returned to them, and

(2) If they don't hold PTS and wish they'd bought some, they still can acquire BitShares Genesis, which will be a liquid asset.

The only people 'out of luck' are those who want to profit short term from the rises and falls. And if they're into short term trading, then it's their fault they checked out for 2.5 weeks.

The rules are that snapshots give two week's notice.  So if someone decides to do this, you've got several whole days left to make the announcement if you want to hit the Nov 5th anniversary date.   :)

422
General Discussion / Re: VOTE DAC Just Got More Interesting 2.0
« on: October 18, 2014, 03:48:04 am »
 +5%
I have not revealed the true secret sauce.... and will not say anything more about our strategy for VOTE / etc...

423
General Discussion / Re: VOTE DAC Just Got More Interesting 2.0
« on: October 18, 2014, 01:58:59 am »
 +5% +5% +5% +5% +5%
1) All work on web wallets will work for all DACs.
2) All work on partnerships benefits all DACs
3) All bug fixes on core code (network, RPC, etc) benefit all DACs
4) AGS funds received after Feb 28th need to be spent on infrastructure other than BTSX and "now".
5) The new project will be self funded, not being funded by BTSX development fund.
6) BTSX will likely be funded by the new project.


7) The biggest reason of all why we are doing this has to do with the fact that we can gather "network effect" faster with the VOTE DAC...

How we do all of that is still slightly under wraps... but trust me it may beat BTSX to the moon.

424
General Discussion / Re: Should we continue to funding mining of PTS?
« on: October 17, 2014, 07:02:05 pm »
Future DACs should honor PTS for helping bootstrap this community and fund development of the toolkit... but should we continue to dilute PTS holders just to fund mining?

Based upon designs for future DACs that we have, there is no need to have PTS be liquid.   

What if we simply shut down PTS after one last snapshot for all eternity for any and all future DACs after which it becomes an empty token with the value of all the other alt coins?

I think it would be much cleaner to simply end PTS... have DACS launch their own proto-dac like Toast did or even BTSX did.   

Why do this?  It simplifies our marketing message... no need to advertize/support PTS after the last snapshot.   

Those who want liquidity could sell prior to the last snapshot and buy into individual proto-dacs when the time comes. 

This will also create one genesis block initial balance template for all DACs and remove the need to support the genesis block generators for arbitrary dates.

We are coming up on November 5th, 1 year from the launch of PTS so I would like to propose that November 5th be the last snap shot day for all time after which we would dump all of our PTS on the market to who ever wants to speculate.    I suspect that the price fall on PTS after this date would stop mining in its tracks anyway..

Mining is costing our community over $5000 per day right now and over $1 million over the next year.... assuming block times will "average" 5 minutes.  We should certainly end mining prior to the next difficulty adjustment... because with what we are paying for mining on PTS we could hire many developers.

Just a proposal...

I concur.  +5%

PTS is no longer useful, and is positively wasteful at this point.
Me too! +5%

425
General Discussion / Re: Should we continue to funding mining of PTS?
« on: October 17, 2014, 02:41:49 pm »
 +5%

426
 +5% +5% +5% +5% +5%

If we have that attitude why would people who have jobs paying in fiat ever care about BitUSD or Bitcoin? They'll only care when the job they have pays in BitUSD or the new job they get is offering to pay in BitUSD. At that point they will investigate what BitUSD is and discover Bitshares. That is free marketing to anyone looking for work and also if we are getting paid in BitUSD then we show we trust the system enough ourselves.

 +5% I agree with this. We have to start somewhere and this would be a great starting place!

We are planning on converting all remaining AGS funds to BitUSD and paying salaries from the BitUSD with the goal to scale the burn rate so the interest earned on the BitUSD is able to sustain the development team for BTSX.    We are also moving to pay everyone on the team in BitUSD.   

Those of us on the team are willing to accept it a par value for prior salaries.

427
Technical Support / Re: DAC with IA as shareholders
« on: October 15, 2014, 01:41:50 pm »
I recommend you issue IASH(IA SHares) in BTS X platform, it's simple, cheap and suitable to your cases.

429
中文 (Chinese) / Re: 留言送fund
« on: October 11, 2014, 05:52:54 am »
 +5% disneyland

430
我也碰到了一样的情况,望前辈指点,一备份保存就出错,然后就更新不了,一直停留在几天之前。

1、v0.4.18-RC1版本;
2、Export Wallet 就出现alnormal program termination, 说是系统安装错误,现在没有备份,也不敢随便重装,只留下以前pts的wallet,又担心到时导入不了,现在基础上重导入,出错不行;
3、退出重新进入就出现reset Database 和 Continue Normally,第一选,几十天更新过来也是到前几天不动了,第二选后面那步直接也是前几天不动了。

不能更新,不能转账,望前辈指点哪里出了问题,如何操作,谢谢。
用v0.4.20吧,前面的硬分叉过。

431
General Discussion / Re: Bitshares Music Presale begins in 2 hours
« on: October 06, 2014, 05:47:56 am »
$1 of PTS price drop after snapshot =  255.993374 Notes

I've been trying to make sense of this, but am unable.

The total number of PTS I took from CoinMarketCap: 1,757,928. (It's already a little different than when I calculated before)

450,000,000 Notes are distributed to PTS holders.

450,000,000 / 1,757,928 = 255.98318 Notes per PTS
255.98318 Notes per PTS is not equal to that the value of 1PTS = 255.98318 Notes.
1PTS before snapshot = 1PTS after snapshot +  255.98318 Notes.

432
General Discussion / Re: Bitshares Music Presale begins in 2 hours
« on: October 06, 2014, 05:30:24 am »
If my calculations are correct, this pre-sale should tank the price of PTS... just sold everything.

1 PTS = 255.993374 Notes
Current price of PTS: 0.01176360 BTC
Current price of BTC: $300
$1 worth of PTS = 71.307346 Notes

Therefore, each day between now and the snapshot, there needs to be over $70k in BTC donations to justify holding PTS rather than selling it for BTC and purchasing via presale.

5,000,000 Notes / $70,126.2272 = 71.3

Someone tell me I'm wrong?
Absolutely wrong!
$1 of PTS price drop after snapshot =  255.993374 Notes

433
KeyID / Re: I got DNS now, but I have a question.
« on: October 05, 2014, 07:39:35 am »
No.

434
 +5% +5% +5% +5% +5%

435
General Discussion / Re: new api: supply and debt
« on: September 28, 2014, 10:25:55 am »
My unrecovered short has disappeared. :'(
Is it still in:
wallet_market_order_list USD BTSX
?
I got it,thank you.

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