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General Discussion / Re: What, exactly, are BitShares Priced in?
« on: November 13, 2013, 12:24:01 am »Personally I think the most innovative thing Invictus has created is Protoshares, an alt coin that actually gives you a reason to hold it because on a set date it gives a thing to whoever holds it.Agreed. Bitshares may or may not work, but looks like Protoshares, more or less, does work. Considering its short life to reach the maximum (2 years), I am curious to see how the value will be when all of it has been mined. How will that affect the exchange rate with BTC, hash rate of the system, transaction fees, etc. It could give a primer on things to come when other coins reach their maturity.
That is a huge advancement and whether or not Bitshares works, Protoshares is going to have an enormous impact on how altcoins are made moving forward.
See I actually think what happened went fine, it would be better to mine everything in two months (and have that be the plan from the beginning instead of a surpise) because it puts real urgency into it like a kickstarter campaign - gotta buy a reward before the campaign is over or prices go up
Same here, if you think an idea is good you mine or buy early then once all are mined they trade until the "reward" is issued.
Two years seems like a short time compared to Bitcoins 120 years or whatever but compare it to a kickstarter campaign, it's AGES! You don't want to mine a startupcoin like this a long time for the same reason you don't see people running 2 year long kickstarter campaigns.