Option 2 also makes the assumption that the value of a PTS remains static during the unknown period of time it takes for the DAC you invested 1PTS into gains 10x its value. Perhaps as PTS value stabilizes this won't be such a big factor but currently I feel it's a big part of the "buy back in later" aspect of Option 2.
Option 2 also makes the assumption that the value of a PTS remains static during the unknown period of time it takes for the DAC you invested 1PTS into gains 10x its value. Perhaps as PTS value stabilizes this won't be such a big factor but currently I feel it's a big part of the "buy back in later" aspect of Option 2.
Exactly! Every investor in the world has to make such judgements. The smart ones make money.
My point is that there appear to be lots of situations where I might part with my PTS to fund a new DAC. Your actual mileage may vary. :)
A thought experiment for DAC Angels
I once misquoted the actor Charlton Heston by saying, “You can have my ProtoShares when you pry them from my cold, dead hands!”
Then, in our latest Newsletter I implied that, as a DAC Angel Investor in Good Standing (DAIGS), I might willingly contribute some of my precious PTS to help kickstart a promising new DAC.
Well, which is it?
If, as a Developer, I’m going to propose a new DAC myself, I’d better construct a deal for investors that, as a DAC Angel, I myself would gladly accept. What kind of deal would that be?
Well, setting aside philanthropic impulses, one that makes a lot of money for me, I suppose.
What would make money for me? Let’s do a Einstein “thought experiment”:
Suppose at some point I have one ProtoShare worth 0.1 BTC.
Suppose that some sexy new DAC comes along whose shares I think may quickly grow from 0.001 BTC to 0.01 BTC, just like PTS did in its first two weeks.
Option 1 - Assuming this is a PTS DAC (one that honors the PTS Social Contract) if I just hold my PTS, I will automagically wind up with 1 ProtoShare @ 0.1 BTC and 1 DACshare @ 0.01 BTC. This gives me a total net worth of 0.11 BTC for sitting on the sidelines - I gained 0.01 BTC!
Option 2 - Suppose instead I trade my 1 ProtoShare @ 0.1 BTC for 100 DACshares @ 0.001 BTC. The DAC launches and climbs in value to 0.01 BTC in the first month. I then sell 10 of them to get my 1 PTS back. I now have 1 ProtoShare @ 0.1 BTC and 90 DACshares @ 0.01 BTC. This gives me a total net worth of 1.0 BTC - I gained 0.90 BTC, a 90x improvement over my 0.01 gains with Option 1. And I still have my PTS to do this again for every promising new PTS DAC that comes along. If I sold all my new DACshares, I’d raise enough BTC to buy 10 PTS - a 10x gain. Or I could let it ride, expecting the new DAC to grow faster than PTS for a while.
Naturally this all depends upon my due diligence, judgement, and skillfully applied luck in evaluating the potential of a DAC proposal before I invest.
With apologies to Charlton Heston, “take my PTS, …please!”
Angel Miners - An Environmentally Friendly Solution
in·cin·er·a·tor (n-sn-rtr) n.
… an apparatus, such as a furnace, for burning waste.
Remember the incinerator? Every big box store used to have one for burning empty cardboard shipping boxes. Now-a-days that would be considered “environmentally unfriendly”. You’re supposed to recycle, don’t you know? Its good for the ecosystem.
I think its time we talked about environmentally friendly crypto-equity mining. At this very moment most ProtoShares are being mined by sending money to outside companies to be burned up in high-tech incinerators.
Amazon rents them, for example. You send Amazon your money once a month. They burn it up in their incinerators and then send you ProtoShares proportional to the amount of money they burned up for you. They have all kinds of incinerators to choose from if you care about how they burn your money. They have CPU incinerators and GPU incinerators and if you want, someone will burn your money up on a high-powered ASIC incinerator. New incinerators are being developed every day. Most people don’t care how their money is burned up, as long as they get their expected number of shares.
Invictus is researching a new kind of environmentally friendly incinerator replacement that we could make available to the crypto-equity community for any new DAC developer to use. We call them “Angel Miners”. As a black box, they work the same as all the others. You send money to the incinerator operator and get back DACshares. The difference is in how this incinerator disposes of your money. Instead of burning it up and blowing the heat up a chimney, the money gets recycled into the ecosystem!Yes, you heard that right, your money gets recycled into the ecosystem!
Its used for developing better wallets, and new kinds of DACs, and browsers, and tools. It goes for support hot-lines, and better documentation, and promotional videos, and maybe even Super Bowl ads. All things that grow the ecosystem and increase the value of all its crypto-equities.
Most people don’t care what kind of incinerator Amazon uses. Now you have an environmentally responsible reason to choose!
DAC developers should clearly state in their promotional literature whether your mining software is eco-friendly or not. Going green could make a difference in how the community embraces your product!
Angel Miners - An Environmentally Friendly Solution
in·cin·er·a·tor (n-sn-rtr) n.
… an apparatus, such as a furnace, for burning waste.
Remember the incinerator? Every big box store used to have one for burning empty cardboard shipping boxes. Now-a-days that would be considered “environmentally unfriendly”. You’re supposed to recycle, don’t you know? Its good for the ecosystem.
I think its time we talked about environmentally friendly crypto-equity mining. At this very moment most ProtoShares are being mined by sending money to outside companies to be burned up in high-tech incinerators.
Amazon rents them, for example. You send Amazon your money once a month. They burn it up in their incinerators and then send you ProtoShares proportional to the amount of money they burned up for you. They have all kinds of incinerators to choose from if you care about how they burn your money. They have CPU incinerators and GPU incinerators and if you want, someone will burn your money up on a high-powered ASIC incinerator. New incinerators are being developed every day. Most people don’t care how their money is burned up, as long as they get their expected number of shares.
Invictus is researching a new kind of environmentally friendly incinerator replacement that we could make available to the crypto-equity community for any new DAC developer to use. We call them “Angel Miners”. As a black box, they work the same as all the others. You send money to the incinerator operator and get back DACshares. The difference is in how this incinerator disposes of your money. Instead of burning it up and blowing the heat up a chimney, the money gets recycled into the ecosystem!Yes, you heard that right, your money gets recycled into the ecosystem!
Its used for developing better wallets, and new kinds of DACs, and browsers, and tools. It goes for support hot-lines, and better documentation, and promotional videos, and maybe even Super Bowl ads. All things that grow the ecosystem and increase the value of all its crypto-equities.
Most people don’t care what kind of incinerator Amazon uses. Now you have an environmentally responsible reason to choose!
DAC developers should clearly state in their promotional literature whether your mining software is eco-friendly or not. Going green could make a difference in how the community embraces your product!
I get where your coming from Stan, if we are going to get external DAC developers to give us a piece of their pie. Then as a community we are going to have to offer solid economic reasons for doing this. Maybe its worth starting a thread on that subject? Ive been giving it some thought my self. I came to the conclusion that we need to see a DAC (dacling) in operation to learn what support it will need and if a ready made community gives that support in a sufficiently better way than a new community based around a go it alone DAC.
Angel Miners - An Environmentally Friendly Solution
in·cin·er·a·tor (n-sn-rtr) n.
… an apparatus, such as a furnace, for burning waste.
Remember the incinerator? Every big box store used to have one for burning empty cardboard shipping boxes. Now-a-days that would be considered “environmentally unfriendly”. You’re supposed to recycle, don’t you know? Its good for the ecosystem.
I think its time we talked about environmentally friendly crypto-equity mining. At this very moment most ProtoShares are being mined by sending money to outside companies to be burned up in high-tech incinerators.
Amazon rents them, for example. You send Amazon your money once a month. They burn it up in their incinerators and then send you ProtoShares proportional to the amount of money they burned up for you. They have all kinds of incinerators to choose from if you care about how they burn your money. They have CPU incinerators and GPU incinerators and if you want, someone will burn your money up on a high-powered ASIC incinerator. New incinerators are being developed every day. Most people don’t care how their money is burned up, as long as they get their expected number of shares.
Invictus is researching a new kind of environmentally friendly incinerator replacement that we could make available to the crypto-equity community for any new DAC developer to use. We call them “Angel Miners”. As a black box, they work the same as all the others. You send money to the incinerator operator and get back DACshares. The difference is in how this incinerator disposes of your money. Instead of burning it up and blowing the heat up a chimney, the money gets recycled into the ecosystem!Yes, you heard that right, your money gets recycled into the ecosystem!
Its used for developing better wallets, and new kinds of DACs, and browsers, and tools. It goes for support hot-lines, and better documentation, and promotional videos, and maybe even Super Bowl ads. All things that grow the ecosystem and increase the value of all its crypto-equities.
Most people don’t care what kind of incinerator Amazon uses. Now you have an environmentally responsible reason to choose!
DAC developers should clearly state in their promotional literature whether your mining software is eco-friendly or not. Going green could make a difference in how the community embraces your product!
I get where your coming from Stan, if we are going to get external DAC developers to give us a piece of their pie. Then as a community we are going to have to offer solid economic reasons for doing this. Maybe its worth starting a thread on that subject? Ive been giving it some thought my self. I came to the conclusion that we need to see a DAC (dacling) in operation to learn what support it will need and if a ready made community gives that support in a sufficiently better way than a new community based around a go it alone DAC.
Perhaps Invictus or somebody else should release a test DAC to do this? It could be a very simple DAC, we don't need to test functionality so much as the impact of community on the DAC
Angel Miners - An Environmentally Friendly Solution
in·cin·er·a·tor (n-sn-rtr) n.
… an apparatus, such as a furnace, for burning waste.
Remember the incinerator? Every big box store used to have one for burning empty cardboard shipping boxes. Now-a-days that would be considered “environmentally unfriendly”. You’re supposed to recycle, don’t you know? Its good for the ecosystem.
I think its time we talked about environmentally friendly crypto-equity mining. At this very moment most ProtoShares are being mined by sending money to outside companies to be burned up in high-tech incinerators.
Amazon rents them, for example. You send Amazon your money once a month. They burn it up in their incinerators and then send you ProtoShares proportional to the amount of money they burned up for you. They have all kinds of incinerators to choose from if you care about how they burn your money. They have CPU incinerators and GPU incinerators and if you want, someone will burn your money up on a high-powered ASIC incinerator. New incinerators are being developed every day. Most people don’t care how their money is burned up, as long as they get their expected number of shares.
Invictus is researching a new kind of environmentally friendly incinerator replacement that we could make available to the crypto-equity community for any new DAC developer to use. We call them “Angel Miners”. As a black box, they work the same as all the others. You send money to the incinerator operator and get back DACshares. The difference is in how this incinerator disposes of your money. Instead of burning it up and blowing the heat up a chimney, the money gets recycled into the ecosystem!Yes, you heard that right, your money gets recycled into the ecosystem!
Its used for developing better wallets, and new kinds of DACs, and browsers, and tools. It goes for support hot-lines, and better documentation, and promotional videos, and maybe even Super Bowl ads. All things that grow the ecosystem and increase the value of all its crypto-equities.
Most people don’t care what kind of incinerator Amazon uses. Now you have an environmentally responsible reason to choose!
DAC developers should clearly state in their promotional literature whether your mining software is eco-friendly or not. Going green could make a difference in how the community embraces your product!
I get where your coming from Stan, if we are going to get external DAC developers to give us a piece of their pie. Then as a community we are going to have to offer solid economic reasons for doing this. Maybe its worth starting a thread on that subject? Ive been giving it some thought my self. I came to the conclusion that we need to see a DAC (dacling) in operation to learn what support it will need and if a ready made community gives that support in a sufficiently better way than a new community based around a go it alone DAC.
Perhaps Invictus or somebody else should release a test DAC to do this? It could be a very simple DAC, we don't need to test functionality so much as the impact of community on the DAC
Let's consider this to be that start of a thread on the subject.
To be a valid test I would think it would have to involve incinerating or recycling real money.
Thus the test DAC we chose would have to be worth parting with real money to own, no?
As for the DAC developers giving us a piece of their pie... I think its the other way around isn't it?
They are coming to us (the Angel community) looking for investment to fund development of a DAC.
In turn, they social contract to recycle that investment into our community rather than send it up in smoke.
Our community gets one or more new DACs, tools, training, support, videos, publicity, etc.
Sounds like solid economic reasons for both sides to me. :)
Angel Miners - An Environmentally Friendly Solution
in·cin·er·a·tor (n-sn-rtr) n.
… an apparatus, such as a furnace, for burning waste.
Remember the incinerator? Every big box store used to have one for burning empty cardboard shipping boxes. Now-a-days that would be considered “environmentally unfriendly”. You’re supposed to recycle, don’t you know? Its good for the ecosystem.
I think its time we talked about environmentally friendly crypto-equity mining. At this very moment most ProtoShares are being mined by sending money to outside companies to be burned up in high-tech incinerators.
Amazon rents them, for example. You send Amazon your money once a month. They burn it up in their incinerators and then send you ProtoShares proportional to the amount of money they burned up for you. They have all kinds of incinerators to choose from if you care about how they burn your money. They have CPU incinerators and GPU incinerators and if you want, someone will burn your money up on a high-powered ASIC incinerator. New incinerators are being developed every day. Most people don’t care how their money is burned up, as long as they get their expected number of shares.
Invictus is researching a new kind of environmentally friendly incinerator replacement that we could make available to the crypto-equity community for any new DAC developer to use. We call them “Angel Miners”. As a black box, they work the same as all the others. You send money to the incinerator operator and get back DACshares. The difference is in how this incinerator disposes of your money. Instead of burning it up and blowing the heat up a chimney, the money gets recycled into the ecosystem!Yes, you heard that right, your money gets recycled into the ecosystem!
Its used for developing better wallets, and new kinds of DACs, and browsers, and tools. It goes for support hot-lines, and better documentation, and promotional videos, and maybe even Super Bowl ads. All things that grow the ecosystem and increase the value of all its crypto-equities.
Most people don’t care what kind of incinerator Amazon uses. Now you have an environmentally responsible reason to choose!
DAC developers should clearly state in their promotional literature whether your mining software is eco-friendly or not. Going green could make a difference in how the community embraces your product!