Keeping PTS "1.0" as they are is necessary and good. Even if mining doesn't pay at current rates / difficulty, but no one knows where PTS will be in 2014.
As for Angelshares/coins I'm not sure how they could be evenly/fair divided. Angelshares without mining would mean already rich people will get even richer by being able to invest more BTC into Angelshares right from the beginning. By mining poorer people would be able to get a good amount of "coins" while difficulty is low. - If Invictus wants to avoid mining they should think about mechanisms to give poorer investors a chance of getting lots of Angel"coins" by being fast/early/whatever. Just being rich shouldn't give anybody such a huge advantage at the start of a new "investment round".
Here is my thread on how to solve the distribution problem.
https://bitsharestalk.org/index.php?topic=1413.msg15246#msg15246The best numbers I came up with is 2,2,2 or 2,2,1.
Either 2 million PTS, 2 million Angelshares and 2 million mined Bitshares.
Or 2 million PTS and 2 million Angelshares and 1 million reserved for Proof of Commitment.
Proof of Work is probably dead. Proof of Stake can be useful if the transaction scheme can be used. Proof of Commitment can replace mining as a distribution scheme.
Basically it would work where we'd all have Keyhotee IDs and we'd all earn credits working and then in the future we redeem those credits for Bitshares which are "mined" by our labor. I think this would work well.
For example instead of mining to get your Bitshares you put a signature advertising Bitshares up and at the end of 1 month straight of having that signature up for 24/hr * 7 * 30 you receive your marketing credit which will give you the same amount of Bitshares as if you mined for that month. Now you've turned the miner into a marketer and you reward him with credits which can be redeemed for Bitshares.
If everyone were to use the signature method then "difficulty" would go up and the payout would shrink. This would encourage everyone to select different tasks.
We would vote on tasks which would come in the form of a To-Do list. As we vote then the tasks which rise to the top of the To-Do list would be the most profitable tasks to complete or "mine" but if it's something everyone wants to do then difficulty will rise and it will not be as profitable.
So basically the jobs that no one wants to do or cannot easily do but which receive the highest priority by vote will be the most profitable tasks on the To-Do list and will receive the greatest payout. Every task no matter how small will receive some payout though so that anyone could earn some Bitshares doing some BitcoinGet like tasks such as watching videos or something similar.
The signature tasks could also have tiers which reward people who keep the signature for longer with greater payouts each month, or which reward based on how many posts, or which reward based on the ratings of posts on the forum so that highly rated posts get pushed to the top and are more likely to receive credit.
Until we build this there shouldn't be talk about removing mining from Bitshares because you're right the way it seems is like they want to make it a toy for the rich who can afford to buy Bitshares. Also what if people don't even have Bitcoins and aren't deep into the Bitcoin community but just happen to be into or stumble upon Bitshares? Now they cannot just mine Bitshares but have to figure out how to buy Bitcoins? What if they can't buy them so easily?
For this reason we need to let people work for them.
I believe it should be well funded to create DACs. But any consideration should not decrease the value of PTS, because high price on PTS draw more attentions. I'm new to PTS. I notice PTS just because the price at bter and btc38 is higher than all other altcoins except LTC. Then I try to find out the value behind the high price, and I found PTS is a totally different thing rather than an altcoin.
The proposal in this thread is a reasonable choice to fund 3I to keep working on DAC development. I suggest another way to fund DAC developing that is to do some business and let 3I takes the profit. I post some ideas in another thread https://bitsharestalk.org/index.php?topic=1359.0
It seems that keyhotee will come soon which is the foundation stone of our DAC community. After the launch of keyhotee, an ad system should be developed on this. Everyone with a keyhotee ID is funding the DAC development by clicking ad. The system can be designed like QQ pop windows or something others. If all the people with a keyhotee ID belong to a virtual decentralized company, clicking ad is their everyday appointed wok.
Just some thought, not sure if this is possible technically. If such ad system works, we get money flow into DAC ecosystem. This will increase the price of PTS. More and more people like will involve in.
Your idea ties into my idea except the difference is that the Proof of Commitment scheme idea I present is decentralized. It wont matter what 3I is doing. The Bitshares would be distributed directly in automated fashion to whomever does the task similar to BitcoinGet. You'd still view ads and money would still be generated, but the payout should be first in credits and these credits should have no use other than to be redeemed by DACs which accept the social contract to reserve 1 million shares of their DAC for redeeming these credits 1:1.
So 1 commitment credit in Proof of Commitment would be redeemable for all DACs which accept the social contract to reserve at least 1 million shares. This means 1 million shares could be worked for starting when Keyhotee launched and the necessary scripts are written. In my opinion this is the best and most fair way to do it without concentrating power (concentrating risk) into 3I. It also doesn't give a dramatic advantage to rich people because once again anyone can do this kind of work.
Anyone here could set up a signature and begin earning credits toward Bitshares and it would be just as easy as mining. If you post more and your posts are good then you get bonus credits. Now miners can be more active on the forum and not lose anything if Proof of Work is removed.