Quote from: bitbro on December 16, 2013, 12:15:18 am

Quote from: que23 on December 16, 2013, 12:08:20 am

Quote from: bitbro on December 15, 2013, 11:56:30 pm

Quote from: que23 on December 15, 2013, 11:43:30 pm

Well, it appears that the company is pivoting. I'm holding all my PTS and telling my friends to buy.

Now that I've slept on it. I think Protoshare holders should get what was promised in the social contract, which is 10%. Angel shares can then get the other 90%. The new investment will benefit Protoshare holders greatly because the money for Angel shares will fuel development and growth. We'd also be more competitive with Mastercoin and Ripple.

Completely agree - We need to raise capital to speed up operations

Thanks. I don't think people understand that Invictus has strong competition. They risk being left in the dust. Angel Shares will provide value to Protoshares because it will be the vehicle that accelerates development.

As far as I can see, though, it may be most important to be first to the DAB/P2P DAC  -- I wonder if bytemaster has any ideas for getting to market faster, in that regard.  Raising capital for the DAC's to follow would be easy if BitShare were released today.

Doing it right is more important than doing it fast. There is strong competition but there really is only Mastercoin and Coloredcoin. The marketcaps are so huge that there is plenty of marketshare for all three so I don't see what the rush is about.

6 months from now there will be another wave and Bitcoins will be going for $10,000-20,000 each. The crowd funding rules will also be more clear and we will know what role regulation will have.

Right now we don't even know what the regulatory environment will be. The DACs should be developed for sure and angel investment should occur. There is plenty of space to reserve in the DACs for angel investors without disrupting the Protoshares 10%. So I don't see the issue.

If you have more, become an angel investor. Why do we need angelshares?

I have several BTC that I was thinking of investing.  I could buy PTS but that wouldn't actually help develop any DACs so it would be more like placing a bet on whether or not Invictus can pull it off with their current funds.  If they run out of money PTS is worthless.  Unless they manage to raise some capital I will have to sell the couple of PTS I have mined.  Looks like PTS is screwed because the socialists will dump if they attempt to raise capital and capitalists will dump if they can't. 

Is it possible for me to buy shares of Invictus?  How do they profit?  I understand the value proposition of the DACs, but I don't see how Invictus can profit from this whole effort.   Why would I as an angel investor buy Invictus stock?   The point is mute because only qualified investors can buy Invictus stock.

The insane thing is I read somewhere that they had to buy the PTS they have because the mining competition was so fierce.  So it appears PTS has sucked capital out of Invictus.  They had to buy PTS or else how could they possibly profit?

From where I sit, it looks like bytemaster attempted to play by the socially accepted norms and the result is very predictable.   Socialists will clamor against capitalists and toss about accusations of envy and greed.  Any attempt to accumulate capital to build a free society is poo-pooed.   God help us all!

If they don't fix the capta problem I am gonna have to stop posting!

I am not so sure about the whole 'exodus address' concept. Sounds to much like 'Mastercoin' to me. Drop a BTC and get 10X returns in two weeks at no other price than a mouse click. The point of mining in this regard is that it serves as a tool to make a somewhat even distribution of wealth possible based on the effort and time people are willing to put into something, as opposed to a system where capital the only motor.

Invictus did a very good job at that. They put Protoshares in the market and it required nothing else than time invested. Mastercoin* in my opionion is a school example of the deranged capitalist paradigm in which only the rich get richer; the exact same paradigm that sparked my interest in crypto in the first place. On a sidenote: Memorycoin 2.0 launched a couple of hours ago and is already struggling with god knows how many hundreds of thousands of dollars worth of rented servers thrown at it.

*where as the name already made me vomit the part where the devs spoke of a 'group of Chinese investors' expressing interest made me want to eat my vomit and regurgitate.