Thanks so far! I like your ideas
I think my last two questions aer the most important ones...
Just so I understand it fully... In your October Newsletter you say
"Developers use ProtoShares to raise capital with which to implement a new idea. They are a new
decentralized form of crowd sourcing using incorruptible block chain technology in lieu of lawyers,
bankers and regulators to fund and launch a start-up company."
-> How do I know the DAC publishers/developers will reward each protoshare with one "actual share" in the "actual" blockchain? Is that written into the protoshare or does that rely on trust... ?
-> Is it that a protoshare owner (the protoshares you can buy now) will have one "actual share/coin" in every dac you develop for every protoshare owened by this owner? Or does this only count for every dac that involves bitshares when every protoshare owner will have the same amount of bitshares as he has protoshares?
-> Is a dac defined by producing a currency that can increase in value? Keyhotee as I undersand it is a dac buy what currency does it involve that could increase in value? <<-- I think I understand this one: The developer of a dac can set any reward ( doesnt have to be the rise of a currency). Correct?
-> You are speacking of a social contract... The social contract in case of protoshares would be to get one bitshare for ervy protoshare? If the Protoshare after this is not destroyed/worthless what is it good for after that? Are the protoshares issued/mined now part of more social contracts that the one I described above? <<-- I think I can also answer this one: The social contract is to get the group of pts owners gets 10% of each dac Invictus ever releases... And this contract is a verbal one, ensured by Invictus' dependence on the trust of the cummunity?
-> How can that work, that I get a share of every company that tries to implement a similar (how is similar defined) idea? In case of the browsers (safari, netscape etc.): I can only imagine that each developer (group) puts out their protoshares and by buying them you bet on a sucessfull implementation. But why should I get a slice of every brwoser? What would motivate all these brwoser develeopers to give me a share if I didnt mine/buy their specific protoshares? I think i am still missing something... :-/
-> Most practical question: How do I know when you will realease your dacs (bitshares will be the first I guess)? Because I want to wait for btc to fall to buy pts. ...regarding the need to have pts in the private pts wallet at the time of eg bitsahres release. Is there a newsletter to sign up for or a rough date?