BitShares Forum

Other => Graveyard => BitShares AGS => Topic started by: sumantso on January 29, 2014, 06:50:57 pm

Title: Heads Up: AGS MAY give you 3.33 BTSX
Post by: sumantso on January 29, 2014, 06:50:57 pm
As you may be aware, the test snapshot for BTSX will be taken on 28th February. Initially I assumed since its just a test, the actual one may come some time later. However, Byetmaster mentions this

Quote from: bytemaster on January 29, 2014, 05:26:58 am
Yes, we are preparing a mass mailing on this topic.  If BitShares X Test is successful we will simply drop the Test from the name, if it fails in some manner that is unrecoverable then a new snapshot will be used.   Thus the value of the BTS (and BitUSD etc) in the test chain must factor in probability of catastrophic failure and reset of the chain.  It should go up over time as the likelihood of failure decreases. 

This process of launching test networks that "might be final release" networks will continue until all bugs are found.  This is necessary because for a test network to function it must have a non-0 value otherwise bitasset evaluation results in divide by 0 errors.   

Note that having many parallel chains was always in the plan and a version 2 chain with variable interest rates set by market forces will come out later as well.  So some bugs that result in the launch of a new chain may not mean the complete death of the initial test chain.  If the initial test chain has any residual value or can be 'patched' then it might take on a life of its own.

So, if that test DOES become a success (and I guess there is a big chance it will be not) then you will get more than 3.3 BTSx/AGS. Thats an insanely profitable deal.

I know whether to invest in AGS or hold PTS is a long running argument and with the further uncertainity that the test may become the real chain its even more confusing. So all I can say is spend a couple of hours reading through this sub board (or just go through my post history) and make up your own mind.

In short:

On 28th Feb keep your PTS in your wallet
Hold onto the PTS and BTC wallets you used for AGS donation (if any) - don't send from an online wallet where you can't get the private key.

2 million BTSX will be divided among the PTS in existence (should be around 1.5m) which means almost 1.3 BTSX/PTS
2 million BTSX will be divided among AGS awarded (would be 3.3 BTSX/AGS for 28th chain and lesser as time goes on)
Both PTS and AGS will give you atleast 10% in all future I3 DACs or DACs using I3 code.
PTS are traded, while AGS can't.

Happy strateging!

EDIT: Updated PTS figures with info from ripplexiaoshan.
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: ripplexiaoshan on January 29, 2014, 07:56:58 pm
Sounds great, just one small correction, by 28th Feb, around 1.5M PTS will be mined, not 1.2M. So far, 1.396M has been mined. 

I am curious what the initial value of BTS will be? It's tradable, so compared with pts, its price will be higher or lower?
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: sumantso on January 29, 2014, 08:03:55 pm
Quote from: ripplexiaoshan on January 29, 2014, 07:56:58 pm
Sounds great, just one small correction, by 28th Feb, around 1.5M PTS will be mined, not 1.2M. So far, 1.396M has been mined. 

I am curious what's the initial value of BTS will be? It's tradeable, so compared with pts, it's price will be higher or lower?

Cheers. Updated my post. As a primary PTS holder, I guess I have to brace myself for the PTS price dropping in the near future.

Since each PTS gives you more than 1 BTSX; I assume initially it will be lower. Besides, there is also the supply question - BTSX will have 4 million coins in existence right off the bat; while PTS is almost a third.

Initially, since its just 'test' shares I doubt it will have much value anyways. More interesting is the scenario where the BTSX works as promised (either the first test or a latter chain). There is a sea of difference between a promised product (as is the situation now) and having one that actually works - will probably send the price skyrocketing.
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: Pocket Sand on January 29, 2014, 11:05:01 pm
When the Final bts build is released, will the current AGS and PTS be converted by ratio in to the 4 million bts?
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: ripplexiaoshan on January 29, 2014, 11:48:03 pm
Quote from: Pocket Sand on January 29, 2014, 11:05:01 pm
When the Final bts build is released, will the current AGS and PTS be converted by ratio in to the 4 million bts?

I think so.
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: Stan on January 30, 2014, 02:18:35 am
Quote from: ripplexiaoshan on January 29, 2014, 11:48:03 pm
Quote from: Pocket Sand on January 29, 2014, 11:05:01 pm
When the Final bts build is released, will the current AGS and PTS be converted by ratio in to the 4 million bts?

I think so.

A few modest points:

Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: Troglodactyl on February 01, 2014, 11:07:24 pm
Any DAC stake held by the AngelShares PTS address will be claimed for use in bounties the same as directly donated BTC and PTS, correct?
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: bytemaster on February 01, 2014, 11:53:47 pm
Quote from: Troglodactyl on February 01, 2014, 11:07:24 pm
Any DAC stake held by the AngelShares PTS address will be claimed for use in bounties the same as directly donated BTC and PTS, correct?

Yes, all funds raised directly or indirectly from the AGS addresses will be put toward the development of DACs.
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: MrJeans on February 02, 2014, 10:50:50 am
Quote from: bytemaster on February 01, 2014, 11:53:47 pm
Quote from: Troglodactyl on February 01, 2014, 11:07:24 pm
Any DAC stake held by the AngelShares PTS address will be claimed for use in bounties the same as directly donated BTC and PTS, correct?

Yes, all funds raised directly or indirectly from the AGS addresses will be put toward the development of DACs.
Give a man a fish and feed him for a day, give a man an angel share...  ;)
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: HCarvalho on February 10, 2014, 12:40:44 pm
I have 66 PTS, so I just need to have my PTS wallet active on February 28th?
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: xeroc on February 10, 2014, 01:00:23 pm
Quote from: HCarvalho on February 10, 2014, 12:40:44 pm
I have 66 PTS, so I just need to have my PTS wallet active on February 28th?
You'll need the private key of the address(es) which hold your pts
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: HCarvalho on February 10, 2014, 02:08:40 pm
then what?
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: bytemaster on February 10, 2014, 02:42:38 pm
Quote from: HCarvalho on February 10, 2014, 02:08:40 pm
then what?

Then when you download BitShares X and open your wallet you will get your starting balance.
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: sfinder on February 10, 2014, 07:24:12 pm
will angel-share donation still be on until reach 200 days  ? if 02/28's btsx snapshot is successful then future donation to AGS will not be able to get BTS ,right ?


Quote from: bytemaster on February 10, 2014, 02:42:38 pm
Quote from: HCarvalho on February 10, 2014, 02:08:40 pm
then what?

Then when you download BitShares X and open your wallet you will get your starting balance.
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: mint chocolate chip on February 10, 2014, 07:31:36 pm
Quote from: sfinder on February 10, 2014, 07:24:12 pm
will angel-share donation still be on until reach 200 days  ? if 02/28's btsx snapshot is successful then future donation to AGS will not be able to get BTS ,right ?


Quote from: bytemaster on February 10, 2014, 02:42:38 pm
Quote from: HCarvalho on February 10, 2014, 02:08:40 pm
then what?

Then when you download BitShares X and open your wallet you will get your starting balance.

What happens on February 28th is only relevant to the first chain of Bitshares; all other Bitshares chains will be released in the future after February 28th. Invictus DAC's will be distributed to PTS holders and those who donate to AGS if the donation comes in before each one is released. So if you donate after February 28 you will be still in line to benefit from all the other chains and DAC's that are upcoming.
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: sfinder on February 10, 2014, 10:26:48 pm

where can i find the list for upcoming DAC chains?
Quote from: currencydebt on February 10, 2014, 07:31:36 pm
Quote from: sfinder on February 10, 2014, 07:24:12 pm
will angel-share donation still be on until reach 200 days  ? if 02/28's btsx snapshot is successful then future donation to AGS will not be able to get BTS ,right ?


Quote from: bytemaster on February 10, 2014, 02:42:38 pm
Quote from: HCarvalho on February 10, 2014, 02:08:40 pm
then what?

Then when you download BitShares X and open your wallet you will get your starting balance.

What happens on February 28th is only relevant to the first chain of Bitshares; all other Bitshares chains will be released in the future after February 28th. Invictus DAC's will be distributed to PTS holders and those who donate to AGS if the donation comes in before each one is released. So if you donate after February 28 you will be still in line to benefit from all the other chains and DAC's that are upcoming.
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: bytemaster on February 11, 2014, 12:58:05 am
Quote from: sfinder on February 10, 2014, 10:26:48 pm

where can i find the list for upcoming DAC chains?
Quote from: currencydebt on February 10, 2014, 07:31:36 pm
Quote from: sfinder on February 10, 2014, 07:24:12 pm
will angel-share donation still be on until reach 200 days  ? if 02/28's btsx snapshot is successful then future donation to AGS will not be able to get BTS ,right ?


Quote from: bytemaster on February 10, 2014, 02:42:38 pm
Quote from: HCarvalho on February 10, 2014, 02:08:40 pm
then what?

Then when you download BitShares X and open your wallet you will get your starting balance.

What happens on February 28th is only relevant to the first chain of Bitshares; all other Bitshares chains will be released in the future after February 28th. Invictus DAC's will be distributed to PTS holders and those who donate to AGS if the donation comes in before each one is released. So if you donate after February 28 you will be still in line to benefit from all the other chains and DAC's that are upcoming.


BitShares X - many of them with different variations and assets.
BitShares DNS - auction off domain names (one chain)
BitShares Bingo - (many chains)
BitShares Tunes - See recent thread about music / etc (many chains)
BitShares Vote - (many chains)
BitShares Me - Issue your own shares. (many chains )
BitShares Reddit - (many chains)
BitShares Ads  - ad words ...

There are not white papers on these yet, but you can see there is plenty of work to do and lots of value to be produced for AGS and PTS holders.
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: Stan on February 11, 2014, 03:48:28 am
Quote from: bytemaster on February 11, 2014, 12:58:05 am
Quote from: sfinder on February 10, 2014, 10:26:48 pm

where can i find the list for upcoming DAC chains?
Quote from: currencydebt on February 10, 2014, 07:31:36 pm
Quote from: sfinder on February 10, 2014, 07:24:12 pm
will angel-share donation still be on until reach 200 days  ? if 02/28's btsx snapshot is successful then future donation to AGS will not be able to get BTS ,right ?


Quote from: bytemaster on February 10, 2014, 02:42:38 pm
Quote from: HCarvalho on February 10, 2014, 02:08:40 pm
then what?

Then when you download BitShares X and open your wallet you will get your starting balance.

What happens on February 28th is only relevant to the first chain of Bitshares; all other Bitshares chains will be released in the future after February 28th. Invictus DAC's will be distributed to PTS holders and those who donate to AGS if the donation comes in before each one is released. So if you donate after February 28 you will be still in line to benefit from all the other chains and DAC's that are upcoming.


BitShares X - many of them with different variations and assets.
BitShares DNS - auction off domain names (one chain)
BitShares Bingo - (many chains)
BitShares Tunes - See recent thread about music / etc (many chains)
BitShares Vote - (many chains)
BitShares Me - Issue your own shares. (many chains )
BitShares Reddit - (many chains)
BitShares Ads  - ad words ...

There are not white papers on these yet, but you can see there is plenty of work to do and lots of value to be produced for AGS and PTS holders.




What I'm waiting to see is how many entrepreneurs out there
are ready to take the bait in our February Newsletter
and use our help to start their own company
to build one of these ideas
...sooner than later...



Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: codinat on February 11, 2014, 01:38:35 pm
Quote from: Stan on February 11, 2014, 03:48:28 am
Quote from: bytemaster on February 11, 2014, 12:58:05 am
Quote from: sfinder on February 10, 2014, 10:26:48 pm

where can i find the list for upcoming DAC chains?
Quote from: currencydebt on February 10, 2014, 07:31:36 pm
Quote from: sfinder on February 10, 2014, 07:24:12 pm
will angel-share donation still be on until reach 200 days  ? if 02/28's btsx snapshot is successful then future donation to AGS will not be able to get BTS ,right ?


Quote from: bytemaster on February 10, 2014, 02:42:38 pm
Quote from: HCarvalho on February 10, 2014, 02:08:40 pm
then what?

Then when you download BitShares X and open your wallet you will get your starting balance.

What happens on February 28th is only relevant to the first chain of Bitshares; all other Bitshares chains will be released in the future after February 28th. Invictus DAC's will be distributed to PTS holders and those who donate to AGS if the donation comes in before each one is released. So if you donate after February 28 you will be still in line to benefit from all the other chains and DAC's that are upcoming.


BitShares X - many of them with different variations and assets.
BitShares DNS - auction off domain names (one chain)
BitShares Bingo - (many chains)
BitShares Tunes - See recent thread about music / etc (many chains)
BitShares Vote - (many chains)
BitShares Me - Issue your own shares. (many chains )
BitShares Reddit - (many chains)
BitShares Ads  - ad words ...

There are not white papers on these yet, but you can see there is plenty of work to do and lots of value to be produced for AGS and PTS holders.




What I'm waiting to see is how many entrepreneurs out there
are ready to take the bait in our February Newsletter
and use our help to start their own company
to build one of these ideas
...sooner than later...




这就是说，3I销售的是创意，而不是产品 ;D
Title: Re: Heads Up: AGS MAY give you 3.33 BTSX
Post by: bytemaster on February 11, 2014, 04:49:54 pm
Quote from: codinat on February 11, 2014, 01:38:35 pm
这就是说，3I销售的是创意，而不是产品 ;D
Translated:  That is to say, 3I sales are creative, rather than product ;D

Yes, I would much prefer to be the creative consultant to many projects and independent teams.   We can get more done that way :)