Hi Bytemaster,

My daughter has just told me how naive I am regarding the Chinese/Korean and the mining pools.

I had no idea how prolific it was.  Is it a case of pump and dump?

It is important that PTS and Invictus have some means of ensuring longevity by making it worthwhile to hold bitshares to stop this practise.

Cheers

kw

Wow I had no idea - this explains why the Chinese are so far ahead of us...

But how do we market to the EU/US etc market..

I am prepared to help but don't have the technical skills just the sales/marketing, which I am prepared to offer for free as I believe in the product.

Cheers

kw

Thanks mods for moving to the right section - still learning the ropes 

cheers

kw

Thanks Evan,

That will save me from hassling Stan and his team on the run up to Christmas.

cheers

kw

I am probably being incredibly dense - not unusual for me...

I have got together my PTS to purchase an ID and submitted my request.

I have now received an email with a PTS address to pay into.

Before I pay my questions are;

Is this address my own PTS address and where is it held?

Is there a GUI that I can see the PTS, which will be locked against the ID purchase?

If I don't get my ID or get out bid and my other choices aren't available do I get my PTS back or are they gone forever?

Will I be notified if someone else wants the same ID as me before Christmas day or not?

If there is no interface will I get some confirmation of my transaction for the ID?

I appreciate that these issues may have been covered elsewhere but I just want to be sure of the process.

I consider the idea of ID etc great - all information encrypted in one place under one ID - there are so many possibilities for this that it is very exciting.

I am quite a cautious person and wouldn't normally invest in a new idea like this, especially as I am not techie and don't understand half on what is being said , however I think for a minimum investment it is worth it.

Hopefully someone won't mind answering my questions just to put my mind at rest.

Thanks

kw

Good news about the chain offering a way for people to get their ID.

Any idea when it will be launched or has this been posted elsewhere?

Cheers

kw

Hi,

Expense is relative - if you have money then the cost of the Kehotee ID is not expensive on the other hand if you are scrapping by then $100 (coin equiv) is a lot.

Unfortunately mining is not really the way to go unless you get lucky - I am currently mining with ypool and by my calc it will take me about 17 weeks at the current rate to get 10 PTS.  So in my book mining is just for fun - never done it before so thought I would have a go.  Tried solo mining but didn't get a sniff.

I have also used BTC faucets etc to get free BTC and then used cloud mining to make it grow a bit - also a slow return but better than nothing.  You can then exchange the BTC for PTS - have previously posted a link (won't do it again just in case not allowed    ).

It is unfortunate that money, or lack thereof, always comes into the equation.

May be Invictus could offer a free draw which would allow people to put their names forward for an ID, which could be drawn at the opening, and say the lucky 10 drawn are able to secure an ID.  If it was a free draw then you wouldn't be able to specify your ID prior to the draw as it would be unfair on those that had purchased or bid for an ID.  This may also be a way to generate interest in the project.

Cheers

kw