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.
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.
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.
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.
Invictus ought not have a coin pegged to USD, might be better to peg to an average value of global currency to be a worldwide decentralized coin -AVF- average value of fiat, this would help it be tradeable across borders.
What will the mining difficulty of BitShares be like at launch?
Lets say at launch of BitShares each PTS is worth 20USD.
And for each PTS you own you will get one BitShare.
From this logic it would seam that BitShare mining should be set at a difficulty such that it will be priced at 20USD per BitShare.
If BitShare mining starts out too easy the BitShares you would get from each PTS you own would be worth very little. Which in turn reduces the value of ones PTS.
For example I wouldnt want to pay 20USD for one PTS to get 1 BitShare (on launch), if 1 BitShare can be bought on the market for 50 cents.
What will the mining difficulty of BitShares be like at launch?
Lets say at launch of BitShares each PTS is worth 20USD.
And for each PTS you own you will get one BitShare.
From this logic it would seam that BitShare mining should be set at a difficulty such that it will be priced at 20USD per BitShare.
If BitShare mining starts out too easy the BitShares you would get from each PTS you own would be worth very little. Which in turn reduces the value of ones PTS.
For example I wouldnt want to pay 20USD for one PTS to get 1 BitShare (on launch), if 1 BitShare can be bought on the market for 50 cents.
I believe the original plan was for mining difficulty to be equal to protoshares mining difficulty. But now there's talk of replacing POW mining with proof of stake, so i'm not sure how that will translate to mining difficulty
What will the mining difficulty of BitShares be like at launch?
Lets say at launch of BitShares each PTS is worth 20USD.
And for each PTS you own you will get one BitShare.
From this logic it would seam that BitShare mining should be set at a difficulty such that it will be priced at 20USD per BitShare.
If BitShare mining starts out too easy the BitShares you would get from each PTS you own would be worth very little. Which in turn reduces the value of ones PTS.
For example I wouldnt want to pay 20USD for one PTS to get 1 BitShare (on launch), if 1 BitShare can be bought on the market for 50 cents.
I believe the original plan was for mining difficulty to be equal to protoshares mining difficulty. But now there's talk of replacing POW mining with proof of stake, so i'm not sure how that will translate to mining difficulty
Thanks, I believe this to be rather important.
Would anyone from Invictus be able to clarify?