BitShares Forum
Other => Graveyard => BitShares PTS => Topic started by: barwizi on November 27, 2013, 10:00:36 am
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Seems Protoshares are a dying breed. Far less people mining, price dropping etc etc. The most laughable part is noone is still posting profitability calculatons.
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Where do you see that the price is dropping ? just curious about..
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Price seems stable wrt BTC, hovering around 0.01 BTC at Cryptsy and Bter both.
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Price is hovering nicely at .010 even with BTC jumping up $100.
# of guests on the forum seems to stay really high and healthy.
I wish it was on more exchanges... but it's only a month old.
I'm mining with great profitability using cloud services.
There is no good reason why FTC and TRC are getting more hype than protoshares, though. Priority #1 should be getting on a major exchange. The rest will follow - ie, interest etc, and branding problems wont matter as much. People will do their own homework to figure out what this PTS asset is all about and why its at .010.
Actually, come to think of it, priority 1 should be getting rid of the world's most difficult captchas used on this forum ;).
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Protoshares were designed to be mined out quickly, and then replaced by things like bitshares. Mining slowing down is completely normal
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Protoshares were designed to be mined out quickly, and then replaced by things like bitshares. Mining slowing down is completely normal
Actually, they were designed to take 2 years to mine out in entirety, the main reason why so many were mined out in the first few weeks was because Invictus Innovations set the starting difficulty way to low
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Final smiles belong to truely believers who are adding the real value into 3i over time.
We stay focus on DAC models and Keyhotee platform.
Agree! Exchanges is one of the key parts of 3i, , but the real valued-added services will bring the real value of PTS up.
Short-term traders keep the trading market active, long-term investors keep the exchange price stable.We bless you both.
There are some good exchanges who are working on PTS/BTC and fiat trading.
Cheers!
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PTS is the starting of something that will change the way we use the internet. If you read about Bitshares, Bit USD, BitGold etc, you will soon realise the plan is soooo much bigger. It is worth taking that risk and holding onto your PTS.
Remember. BTC has no plan. Bitshares is coming. I'm ready to take that risk. Are you?
PS. get your Keyhotee ID now whist you can.. Look on my sig. It won't cost much.
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I dropped most of my PTS miners because my pool seems to be only accepting about 50% of the submitted shares, with XPM my accepted shares have been much higher. The RAM requirement of PTS miners hurts too, maybe will get deeper into it in a few months but for now just throwing a couple of PCs at it for fun. The exchanges are fun and profitable until bots start getting into it.
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Final smiles belong to truely believers who are adding the real value into 3i over th road.
We stay focus on DAC models and Keyhotee platform.
Agree! Exchanges is one of the key parts of 3i, , but the real valued-added services will bring the real value of PTS up.
Short-term traders keep the trading market active, long-term investors keep the exchange price stable.We bless you both.
There are some good exchanges who are working on PTS/BTC and fiat trading.
Cheers!
Agreed. Right now, on CoinMarketCap, infinitecoin has a higher market value than ProtoShares. That's crazy. I think this is a good buying opportunity for long-term holders and believers.
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IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.
But they are really good promises.
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IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.
But they are really good promises.
Why? There is a baseline already as just another alt-coin: it can't fall further than that, can it?
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Keep watching and commenting. :P
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IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.
But they are really good promises.
Why? There is a baseline already as just another alt-coin: it can't fall further than that, can it?
Well, that's an interesting perspective, it does make some sense, except when promise can't be delivered, it may become a baggage.
But hope is a very hard thing to kill ;) so the that should help PTS.
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IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.
But they are really good promises.
Why? There is a baseline already as just another alt-coin: it can't fall further than that, can it?
Protoshare is heavily inflated because of the promises associated with it. That's why its market cap got so high in such a short amount of time. If those promises fall through, then PTS' floor will fall to that of any other altcoin that isn't heavily watched.
By investing in PTS you're betting that Invictus will launch their products, and that their products will work and become successful.
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IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.
But they are really good promises.
Why? There is a baseline already as just another alt-coin: it can't fall further than that, can it?
Protoshare is heavily inflated because of the promises associated with it. That's why its market cap got so high in such a short amount of time. If those promises fall through, then PTS' floor will fall to that of any other altcoin that isn't heavily watched.
By investing in PTS you're betting that Invictus will launch their products, and that their products will work and become successful.
Invictus says it is better to have a competitor. Investing pts is investing this idea, not the company.
http://letstalkbitcoin.com/dacs-that-spawn-dacs/
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IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.
But they are really good promises.
Why? There is a baseline already as just another alt-coin: it can't fall further than that, can it?
Protoshare is heavily inflated because of the promises associated with it. That's why its market cap got so high in such a short amount of time. If those promises fall through, then PTS' floor will fall to that of any other altcoin that isn't heavily watched.
By investing in PTS you're betting that Invictus will launch their products, and that their products will work and become successful.
Invictus says it is better to have a competitor. Investing pts is investing this idea, not the company.
http://letstalkbitcoin.com/dacs-that-spawn-dacs/
Sure, if there were actually any non-Invictus DACs forked from PTS. But there aren't, at least not yet.
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IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.
But they are really good promises.
Why? There is a baseline already as just another alt-coin: it can't fall further than that, can it?
Protoshare is heavily inflated because of the promises associated with it. That's why its market cap got so high in such a short amount of time. If those promises fall through, then PTS' floor will fall to that of any other altcoin that isn't heavily watched.
By investing in PTS you're betting that Invictus will launch their products, and that their products will work and become successful.
Invictus says it is better to have a competitor. Investing pts is investing this idea, not the company.
http://letstalkbitcoin.com/dacs-that-spawn-dacs/
Sure, if there were actually any non-Invictus DACs forked from PTS. But there aren't, at least not yet.
Even if Invictus failed, there is still hope for another BTS of another brand.
What do you mean “real hard to renege” on your social contract?
Who would want to abandon the entire universe of informed early adopters by reneging on their rights as founding shareholders? In this business, the network effect of market share is everything. Besides, if someone deploys an open-source DAC without honoring the social contract to its ProtoShares holders, someone else will simply fork the open source code, and honor that contract. Bingo, they’re in business!
The network effect of informed early adopters will do the rest and the reneging developer’s implementation will go into the dustbin of history.
http://bitsharestalk.org/index.php?topic=5.0
FAQ: How does buying an autonomous protoWGDAC guarantee my ownership in somebody else’s DAC without an armed regulator to enforce that contract?
There is no contract to enforce. The art of engineering freedom is arranging the game so that people do the right thing naturally, in their own self-interest. Who would want to abandon the entire universe of forum-informed early adopters by reneging on their rights as founding shareholders? If someone deploys an open-source DAC without honoring its social contract to protoWGDAC, someone else can simply fork the code, and honor the promise. The network effect and wrath of informed early adopters will do the rest.
FAQ: If more than one DAC implementation is fielded, which one does a protoWGDAC holder get shares in?
That would depend on the social contract published by each DAC developer. Expect experimentation with ways to distribute WGDAC shares to protoWGDAC coin holders. Some will want to trade protoWGDAC coins for WGDAC shares. Others will just take a snapshot of the protoWGDAC blockchain at product launch and use that as the WGDAC shares genesis block for ownership initial conditions. A protoWGDAC coin holder could wind up holding matching shares in all implementations and begin trading for ownership in the best DAC from there.
Can you imagine if you had owned protocoins for the idea of a web browser? By the time Netscape, Firefox, Internet Explorer, Safari, and Chrome had been implemented, you would own shares in every one of them! Who would try to introduce a new browser without honoring the market share of current browser protocoin holders?
Protocoins are like ownership in a patent that never expires,
entitling you to “royalties” in all future implementations of the idea!
http://letstalkbitcoin.com/dacs-that-spawn-dacs/
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Seems Protoshares are a dying breed. Far less people mining, price dropping etc etc. The most laughable part is noone is still posting profitability calculatons.
I thought u were a supporter and even offered helps to Dan/wanted to work for a certain component of the project?
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By investing in PTS you're betting that Invictus will launch their products, and that their products will work and become successful.
Yes, wasn't that the intention of PTS's launch anyway? Seems like it's serving its purpose :)
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Seems Protoshares are a dying breed. Far less people mining, price dropping etc etc. The most laughable part is noone is still posting profitability calculatons.
I thought u were a supporter and even offered helps to Dan/wanted to work for a certain component of the project?
Oh? ah, must be another barwizi :P
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Seems Protoshares are a dying breed. Far less people mining, price dropping etc etc. The most laughable part is noone is still posting profitability calculatons.
Price dropping? Look, I don't want to be rude, but... Anyways! I've got a few PTS. when I mined them (4 days ago) they were worth around $70. Today, they've increased in value more than 50%, I believe...
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I thank you all for your responses, my objective has been met.
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I thank you all for your responses, my objective has been met.
What was your objective?
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With blocks coming in so slowly even with a crap-ton of cores pointed at a pool it's becoming really boring to mine PTS. I'm not sure what can be done about it.
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With blocks coming in so slowly even with a crap-ton of cores pointed at a pool it's becoming really boring to mine PTS. I'm not sure what can be done about it.
Mining is boring on any 'mature' coin. If it were exciting inflation would be driving the value of the coin down rapidly.
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I thank you all for your responses, my objective has been met.
What was your objective?
apparently he was testing the water, and that he didnt mean what he said lol
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opinions = data
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i am still mining, i am happy to get more :D