BitShares Forum

Other => Graveyard => Follow My Vote => Topic started by: ak on August 01, 2014, 11:08:15 pm

Title: [ SNAPSHOT: 8/21 ] VOTE
Post by: ak on August 01, 2014, 11:08:15 pm
Announcing the VOTE DAC (SNAPSHOT DATE: 8-21-14)

In democratic societies throughout the world, elections are plagued with accusations of illegitimacy stemming from all sorts of issues, such as flawed registration processes, inconsistent voter ID laws, cases of widespread voter fraud, non-sensible restrictions, vulnerable voting machine technology, and a general lack of transparency.

We must acknowledge that the key issue that needs to be solved is the lack of transparency in government run elections, in the Unites States and across the globe. If we can properly address this singular issue, we’d essentially solve all the other problems that plague the industry and would have the opportunity to begin hosting accurate elections that result in an agreeable consensus.

With the 2016 U.S. Presidential and Congressional Elections right around the corner, it seems that the time has finally come to leverage the latest technology to develop a voting system that permits the hosting of secure and transparent elections with agreeable outcomes that makes efficient use of taxpayer money.

In today’s world, it is finally possible to host verified and transparent elections in an end-to-end voting system encoded within a Decentralized Autonomous Company (DAC). A voting DAC is the key to solving the transparency problem current electronic voting systems face today, as it provides a valuable service that allows people to vote in elections that are secure, transparent, and free from corruption.

In the near future, Follow My Vote (http://followmyvote.com/) will releasing the first voting DAC in history using the BitShares Toolkit for building DACs, which will be called the VOTE DAC. Development will happen in stages, with the first stage being the development of a proto-DAC, as it will be released with limited features. We will refer to the partial ownership of the VOTE DAC as a VOTE or VOTES, similar to how one would refer to owning shares of a traditional company. Launching initially as a proto-DAC will allow for the trading of VOTES while the remaining features are under development.

The VOTE allocation of Follow My Vote’s VOTE DAC will include 10 billion VOTES. Half (50%) of the VOTES (5 billion to be exact) will be allocated over time to delegates that will be responsible for maintaining the blockchain throughout the life of the company, starting with 50% allocated within the first year of operations and 50% of the remaining VOTES thereafter, year over year. The other 5 billion VOTES will be allocated up front to, among other things, cover the cost of the development of the DAC itself and marketing necessary to acquire its initial user base. The breakdown of the initial VOTE allocation will be as follows:

4.2.2) BitShares PTS: 1.5 billion VOTES

BitShares PTS, is a simple minable crypto-currency (similar to Bitcoin) that was created to allow people to advertise their interest in receiving free token samples in future DACs.  Per the BitShares social consensus, 30% of VOTES that are initially allocated will be distributed to those who have supported the BitShares industry by owning its BitShares PTS tokens.

Anybody who owns BitShares PTS on that snapshot date is given a proportional stake in the new DAC. Thus, those interested in supporting Follow My Vote should invest in BitShares PTS prior to the VOTE DAC snapshot date.

4.2.3) BitShares AGS: 1.5 billion VOTES

BitShares AGS is similar to BitShares PTS in that both were ways of volunteering to receive free promotional samples from the developers of new DACs. The difference is that BitShares AGS can no longer be bought or sold, as the owners are those whom contributed into an industry development fund while the industry was still in its infancy. Per the social consensus, 30% of VOTES that are initially allocated will be distributed to BitShares AGS owners in proportion to their ownership of AGS.

4.2.4) Follow My Vote: 1.5 billion VOTES

Follow My Vote will be spending a considerable amount of resources to develop the VOTE DAC and acquire new account holders upon its release. Thus, 30% of VOTES that are initially allocated will be distributed to Follow My Vote to cover these costs.

4.2.5) NuSpark: 50 million VOTES

NuSpark is a startup incubator in Blacksburg, VA, that has supported Follow My Vote in since their early stages of development by providing them with dedicated office space to conduct business operations. NuSpark will continue to support Follow My Vote by further educating the Blacksburg community and surrounding areas about cryptography and blockchain technology in an effort to encourage the use of the VOTE DAC. For their continued support, NuSpark will receive 1% of the initial allocation of VOTES.

4.2.6) Virginia Tech: 50 million VOTES

Virginia Tech is also located in Blacksburg, VA. Similar to NuSpark, Virginia Tech will be supporting Follow My Vote by further educating the Blacksburg community and surrounding areas (in addition to the Virginia Tech faculty and student body) about cryptography and blockchain technology in an effort to encourage the use of the VOTE DAC. For their support, Virginia Tech will receive 1% of the initial allocation of VOTES.

4.2.7) New River Valley: 400 million VOTES

Follow My Vote will be promoting the emergence of the cryptography and blockchain technology to the U.S. citizens living in New River Valley. Residents of Blacksburg, Christiansburg, and Roanoke, VA, will have an opportunity to claim VOTES during a series of promotions to encourage the use of the VOTE DAC. A total of 8% of VOTES that are initially allocated will be distributed in this way.

The official snapshot date of the VOTE DAC is August 21, 2014. Therefore, by holding BitShares PTS on the VOTE DAC snapshot date, you have an opportunity to get in on the ground floor and own an initial stake in the VOTE DAC.

The VOTE DAC is a game-changing technology that has the potential to become the voting platform of the future!

Seize this moment. The time is now.

Check Out Follow My Vote’s Whitepaper (http://followmyvote.com/wp-content/uploads/2014/08/The-Key-To-Unlocking-The-Black-Box-Follow-My-Vote.pdf) For More Info!
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: taoljj on August 01, 2014, 11:42:13 pm
 +5%
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: ssjpts on August 02, 2014, 12:37:16 am
NICE
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: PTS中国 on August 02, 2014, 12:38:32 am
 :) :) :) :) :) :) +5%
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: 38PTSWarrior on August 02, 2014, 12:45:03 am
 +5%
i'm alive
have some ags 123
i'm happy makin money
i am the genesis
la la la la la
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: gyhy on August 02, 2014, 01:20:52 am
 :D +5%
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: yellowecho on August 02, 2014, 01:25:10 am
Sounds great!  Definitely looking forward to what VOTE DAC brings to the table  8)
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: cgafeng on August 02, 2014, 01:37:43 am
good news
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: arhag on August 02, 2014, 01:39:54 am
 +5%

A few comments on the whitepaper:
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: dexinwong on August 02, 2014, 02:20:19 am
support  +5% +5%
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: alt on August 02, 2014, 04:50:27 am
 +5% +5% +5%
so exciting
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Ben Mason on August 02, 2014, 11:58:44 am
 +5% +5% this DAC send a shiver up my spine.....can you say 'game changer' five times fast?! ;D
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: xeroc on August 02, 2014, 01:41:58 pm
+5%
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: CLains on August 02, 2014, 02:11:02 pm
Awesome!!  +5% +5%
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: 38PTSWarrior on August 02, 2014, 02:22:15 pm
I'm still happy!  +5%
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Avant on August 02, 2014, 02:34:12 pm
 +5%
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: hadrian on August 02, 2014, 05:45:50 pm

...In the near future, Follow My Vote (http://followmyvote.com/) will releasing the first voting DAC...

...NuSpark is a startup incubator in Blacksburg, VA, that has supported Follow My Vote in since their early stages of development...

"will releasing" should be "will be releasing".

"in since their early stages" should be "since their early stages"
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: cass on August 02, 2014, 06:23:58 pm
wow just a few days off .. great to see new DACS bumping up :) |  +5%
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: BldSwtTrs on August 02, 2014, 09:44:47 pm
I don't get the business model, why should we except people will want to pay to vote?
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: yinchanggong on August 02, 2014, 10:18:40 pm
I don't get the business model, why should we except people will want to pay to vote?
I have this doubt too.

来自我的 M353 上的 Tapatalk

Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: bytemaster on August 02, 2014, 10:28:08 pm
Elections can be sponsored there are costs for voting and someone has to pay for it even in real elections.   


Sent from my iPhone using Tapatalk (http://tapatalk.com/m?id=1)
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Ggozzo on August 03, 2014, 02:44:53 am
I don't get the business model, why should we except people will want to pay to vote?

Not only that, but how do you control the jurisdictions?
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: bytemaster on August 03, 2014, 05:39:38 pm
I don't get the business model, why should we except people will want to pay to vote?

Not only that, but how do you control the jurisdictions?

Account identities can be validated by 2 or more competing parties that each certify global uniqueness, location, and any other qualifications necessary to filter. 
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: santaclause102 on August 04, 2014, 08:17:06 am
How do you make sure you tie one private key to one real world identity? Or is that not part of the solution? I cross read the whitepaper and couldn't figure out how the problem is solved you described initially...
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: xeroc on August 04, 2014, 10:38:49 am
How do you make sure you tie one private key to one real world identity? Or is that not part of the solution? I cross read the whitepaper and couldn't figure out how the problem is solved you described initially...
My understanding of that issue on the white paper is that your private key gets verified (i.e. signed) by an authority .. seeing the second image on page 9 in the white paper it states 'Identity Verifyer' and is connected to the privkey and the account(pubkey)

I guess it'll be pretty much what SSL vertificates make them trustworthy (a signature from a CA)

//edit: if my understanding is correct .. then they need a way to revoke the verification once s.o. looses its privatekeys (i.e. by theft).

//edit2:
from the whitepaper page 10
Quote
these   account   holders   are   users   that   wish   to   serve   as   
account   verifiers   to   validate   certain   user   credentials   (i.e.   the   U.S.   government,   
Republication   Party,   Democratic   Party,   etc.).   Once   verified,   these   account   verifiers   
will   confirm   the   user’s   credentials   inside   of   the   system,   at   which   point   these   
credentials   will   officially   be   associated   to   the   user’s   account.   
ps: quoting pdf sucks
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: santaclause102 on August 04, 2014, 10:54:05 am
So someone emails a copy of his ID and tells the "verifier authority" that he wants the ID to be associated with a certain public key? That would be a lot of manual work? Any way (proposed) to automate/scale it?
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: xeroc on August 04, 2014, 11:25:57 am
So someone emails a copy of his ID and tells the "verifier authority" that he wants the ID to be associated with a certain public key? That would be a lot of manual work? Any way (proposed) to automate/scale it?
have you ever participated in counting out the ballots? THAT is hell of a lot of work.
Getting your pubkey/i.e. account name (ONCE) shouldn't be too difficult. But sure the system needs a lot of 'keep-it-simple' user interfaces .. I'd too it much like a post-ident in germenay.

1.) create your pubkey
2.) print out a specialized form (includes your name, id numer and the pubkey) -- all in one QR-code
3.) go to your authority (local "Einwohnermeldeamt") and let them scan/check and sign your request

pretty much what is well kown from SSL's Certificate Signing Request (CSR)
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Ggozzo on August 04, 2014, 02:00:20 pm
So someone emails a copy of his ID and tells the "verifier authority" that he wants the ID to be associated with a certain public key? That would be a lot of manual work? Any way (proposed) to automate/scale it?
have you ever participated in counting out the ballots? THAT is hell of a lot of work.
Getting your pubkey/i.e. account name (ONCE) shouldn't be too difficult. But sure the system needs a lot of 'keep-it-simple' user interfaces .. I'd too it much like a post-ident in germenay.

1.) create your pubkey
2.) print out a specialized form (includes your name, id numer and the pubkey) -- all in one QR-code
3.) go to your authority (local "Einwohnermeldeamt") and let them scan/check and sign your request

pretty much what is well kown from SSL's Certificate Signing Request (CSR)

Voters don't do the work of counting ballots. Volunteers do that.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Ggozzo on August 04, 2014, 02:21:48 pm
I am still failing to see investment value here.

What is stopping someone from copying the source code, then launching their own chain? Voting is based on districts/geographical areas.  The fact that Bitshares users are spread across the globe gives no geographic monopoly. There are no global elections. So this doesn't seem practical unless you are going to do surveys.

This is how I see blockchain tech combining with voting:

Every election will have to be a new chainlike btsx. Whether it's your local city or county, up to countrywide elections.

This new chain will have opposing candidates listed in place of an assets. Instead of bitGold, you have Romney/Obama token as an "asset".  Then another would be prop. XXX as an "asset".

Each registered voter in that jurisdiction or district will be assigned an address in the genesis block with 1token of each "asset"

They will then send each token to the candidates specified address. i.e. you send your Romney/Obama token to Obama's public address. You send your propXXX to the Yes address or vice versa and so on.


Not sure TITAN would work for this. It would have to be open and visible.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: donkeypong on August 04, 2014, 02:48:00 pm
Elections are extremely costly. If VOTE can get a few small takers and demonstrate through experiments that this can work, then it can make a positive impact while also appealing to larger entities. Initially, this DAC will not be a billion dollar industry, but over time it could grow to fill an increasing demand.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: bytemaster on August 04, 2014, 03:18:04 pm
I am still failing to see investment value here.

What is stopping someone from copying the source code, then launching their own chain? Voting is based on districts/geographical areas.  The fact that Bitshares users are spread across the globe gives no geographic monopoly. There are no global elections. So this doesn't seem practical unless you are going to do surveys.

This is how I see blockchain tech combining with voting:

Every election will have to be a new chainlike btsx. Whether it's your local city or county, up to countrywide elections.

This new chain will have opposing candidates listed in place of an assets. Instead of bitGold, you have Romney/Obama token as an "asset".  Then another would be prop. XXX as an "asset".

Each registered voter in that jurisdiction or district will be assigned an address in the genesis block with 1token of each "asset"

They will then send each token to the candidates specified address. i.e. you send your Romney/Obama token to Obama's public address. You send your propXXX to the Yes address or vice versa and so on.


Not sure TITAN would work for this. It would have to be open and visible.

The majority of the work is in validating users... as the network grows the number of validated users grows and *THIS* is where the value is.  A new chain would have no validated users.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: santaclause102 on August 04, 2014, 03:41:05 pm
Voting from at home would be especially nice for direct democracy decision making. There are a ton of things (plebiscite) to vote on each year here and I often am too lazy to go to the next voting office to vote, which is just possible on sundays.

Follow my vote probably knows sites like this http://www.avaaz.org/de/ (petitions verified by email addresses and Names) already. If not they should definitely take a look!
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: arhag on August 04, 2014, 06:07:08 pm
I am still failing to see investment value here.

What is stopping someone from copying the source code, then launching their own chain? Voting is based on districts/geographical areas.  The fact that Bitshares users are spread across the globe gives no geographic monopoly. There are no global elections. So this doesn't seem practical unless you are going to do surveys.

This is how I see blockchain tech combining with voting:

Every election will have to be a new chainlike btsx. Whether it's your local city or county, up to countrywide elections.

This new chain will have opposing candidates listed in place of an assets. Instead of bitGold, you have Romney/Obama token as an "asset".  Then another would be prop. XXX as an "asset".

Each registered voter in that jurisdiction or district will be assigned an address in the genesis block with 1token of each "asset"

They will then send each token to the candidates specified address. i.e. you send your Romney/Obama token to Obama's public address. You send your propXXX to the Yes address or vice versa and so on.


Not sure TITAN would work for this. It would have to be open and visible.

The majority of the work is in validating users... as the network grows the number of validated users grows and *THIS* is where the value is.  A new chain would have no validated users.

I'm not sure if that is true. I mean, I agree that the majority of the work is in validating users, but a cloned Vote DAC could always piggyback off the hard work of the account validators, assuming they trust the validators. I don't think there is any lock-in network effect in the DAC. The network effect is in the validator, which is a centralized firm.

And frankly, it may not be so horrible if there isn't any lock-in effect in the DAC. I rather have the fixed cost of validation be made useful on as many Vote DAC clones as possible. Cloning the DAC will allow for maximum scalability. If transaction costs get too high on one DAC, just clone it and reduce the transaction burden. The transaction fees will obviously need to be high enough to motivate delegates to operate the network in the first place (pay their computing costs and give a decent enough profit to make it worth their time), but I think the lack of network effect would reduce the profit margin of this DAC to near zero.

The only issues are funding development and marketing. Hopefully the inflation model can sustain that enough until it succeeds. If we can manage that, then it doesn't matter if this doesn't become a high market cap DAC. It would still be sustainable. It would have low transaction fees so that voting isn't expensive. Users would likely have to cover the costs of their own validation, which then becomes public information. And it would still be an incredibly useful tool for society.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: tonyk on August 04, 2014, 06:44:07 pm

The majority of the work is in validating users... as the network grows the number of validated users grows and *THIS* is where the value is.  A new chain would have no validated users.

Am I the only one not seeing how I, as a share holder, profit from that? Help please.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: toast on August 04, 2014, 07:09:27 pm

The majority of the work is in validating users... as the network grows the number of validated users grows and *THIS* is where the value is.  A new chain would have no validated users.

Am I the only one not seeing how I, as a share holder, profit from that? Help please.

When the government wants to do an election, it pays some contractors to set up the voting booths and collect votes. Instead, it will buy enough VOTEs for all their citizens to vote for free. Same goes for any org that wants to vote.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: tonyk on August 04, 2014, 07:12:57 pm
Thanks.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: vikram on August 04, 2014, 07:32:07 pm
+5%

A few comments on the whitepaper:
  • I think it should be made clear in the whitepaper that account verifiers not only need to verify the demographic credentials of a user's account, but they also need to make sure that the account belongs to a user that has not already been counted. The paper explicitly mentions how the DAC does not allow a single user account to request multiple ballots for a particular election and how this prevents voting more than once in an election. But that assumes that the user cannot create another account for which he gets its demographic credentials verified again. Thus, to actual prevent multiple votes in an election, each account verifier needs to keep track of all the human beings they already verified and make sure before verifying another account that an account does not belong to a person that they already verified.

  • It would be nice if the whitepaper went into a little bit of detail on how the zerocoin technology provides anonymity so that user's known accounts are not linked with their votes. I'm thinking metaphors not the actual cryptography/mathematics.

  • I think another point that can be added to the list of benefits is flexibility in voting method. As far as I see it the VOTE DAC blockchain and network should be agnostic to the actual contents of the ballot. Anyone going through the public vote record on the blockchain who understands the rules of the election can independently determine whether a particular ballot is malformed, voting for a nonexistent candidate, or otherwise not appropriate for inclusion in the election. This allows the clients to be updated to create and interpret any future format of a ballot desired. We could have plugins added to client for all kinds of voting methods (first-past-the-post, approval, instant runoff, reweighted range voting, etc.). In fact, in order to reduce blockchain bloat, I think it would make sense to just include the hash of the ballot on the blockchain and allow anonymous uploading of the contents of a ballot on some other server.

These are good ideas and particularly for #3 you might want to make a separate thread for discussion.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: donkeypong on August 05, 2014, 12:03:40 am

When the government wants to do an election, it pays some contractors to set up the voting booths and collect votes. Instead, it will buy enough VOTEs for all their citizens to vote for free. Same goes for any org that wants to vote.

Not just governments. I think they'll be the last to jump on board, frankly, given all the laws and regulations that need to be changed to accommodate such a shift. Maybe some political parties and New England towns for their caucuses or town halls, but governments are rarely the first ones to innovate. I would think private companies would be all over this for their shareholder elections long before governments consider giving it a try.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Btc38 on August 05, 2014, 08:00:58 am
nice work.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Chuckone on August 05, 2014, 12:26:06 pm
The nice thing about this DAC is that it is scalable and it doesn't need a lot of big players to be sustainable. Governments will surely avoid this DAC in the long run as it is not regulated by them and not created by their unefficient bunch of civil servants. But private organizations and NGOs will definitely see the benefits of having a simple and efficient DAC to run their voting process. They just need to know about it and how easy it is to use.

I think the big thing here is the DAC will have to provide an easily understandable user interface and a comprehensive "user's manual", so that any non-developper guy can set it up and get it running for their organization.

The big paradigm shift won't be for non-technical people to understand the basic principle of "one verified profile, one vote", but rather to understand that it cannot be tampered with because of the blockchain technology.

I guess the biggest issue will be there... Making sure people understand it's as safe as any other voting method (and probably much safer), while much easier to deploy and use. Marketing will be the key, as with all the other DACs that imposes a paradigm shift.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: xeroc on August 05, 2014, 12:43:37 pm
Maybe .. someday .. I can use this to let people vote for what to do with the charity fees earn by the charity delegates .. looking forward to it.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Ggozzo on August 06, 2014, 04:29:50 pm
I still don't see why CountryXYZ would need to buy BTSVote tokens to use the system?

In terms of validation, you would need an entire county's eligible voters validated in the system before it becomes worth something to that particular country. You can interchange country for city, county, state etc. It seems like unreasonable expectations.

Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Chuckone on August 06, 2014, 05:18:19 pm
I still don't see why CountryXYZ would need to buy BTSVote tokens to use the system?

In terms of validation, you would need an entire county's eligible voters validated in the system before it becomes worth something to that particular country. You can interchange country for city, county, state etc. It seems like unreasonable expectations.

My understanding is that it would be somehow preferable for the devs to start this DAC as a small scale experiment within a willing organization (that would pay for the service by buying tokens) and learn from there, improve the flaws and find solutions for the scalability issues. I see this DAC as a potentially very powerful tool, but the project is still in its infancy. I'm not a developper, but imo it doesn't have to have a huge amount of ressources put in to have a working DAC (contrary to, for example, BTS-X), so it can grow organically from each new project that emerge from the initial DAC (which will ultimately add value to the shares as the DAC gets new clients).

I might be wrong, but that would be my approach with a new and revolutionnary project that almost no one knows about and is a complete paradigm shift compared to what's in place right now.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Ggozzo on August 06, 2014, 06:28:49 pm
What does holding or buying the tokens entitle me to?

How do I redeem the services offered with the tokens sold/distributed?

Example:
I donated enough AGS to receive 10,000 Vote tokens. I want to hold an election at a high school for class president. How many tokens do I trade in to use the service? Who organizes the structur for the election?
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: bytemaster on August 06, 2014, 06:45:14 pm
What does holding or buying the tokens entitle me to?

How do I redeem the services offered with the tokens sold/distributed?

Example:
I donated enough AGS to receive 10,000 Vote tokens. I want to hold an election at a high school for class president. How many tokens do I trade in to use the service? Who organizes the structur for the election?

You set up the terms for the election and the fee could be just a basic transaction fee.   

If you want to limit voters to high-school students then you would have to certify valid students IDs yourself.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Chuckone on August 06, 2014, 07:05:05 pm
What does holding or buying the tokens entitle me to?

How do I redeem the services offered with the tokens sold/distributed?

Example:
I donated enough AGS to receive 10,000 Vote tokens. I want to hold an election at a high school for class president. How many tokens do I trade in to use the service? Who organizes the structur for the election?

You set up the terms for the election and the fee could be just a basic transaction fee.   

If you want to limit voters to high-school students then you would have to certify valid students IDs yourself.

I thought I had it figured out, but by reading this it shows me it might not be as clear as I thought... So basically, I receive vote tokens for my PTS/AGS holdings and then trade those vote tokens to people that want to set up an election/poll (As I won't be setting up anything like that personally). So if an organization wants let's say 15 000 votes for an election, they buy those votes at the market price on an exchange? Then they set up the terms etc.?
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Ggozzo on August 06, 2014, 09:49:24 pm
What does holding or buying the tokens entitle me to?

How do I redeem the services offered with the tokens sold/distributed?

Example:
I donated enough AGS to receive 10,000 Vote tokens. I want to hold an election at a high school for class president. How many tokens do I trade in to use the service? Who organizes the structur for the election?

You set up the terms for the election and the fee could be just a basic transaction fee.   

If you want to limit voters to high-school students then you would have to certify valid students IDs yourself.

If I still have to certify valid ID, wouldn't it be easier to clone the system for free (or even pay someone less money than the cost of buying in, to do it for me) then have each voter register their address linked to their name and then give them a token to send to the candidates address of their choice?

I definitely see the value the blockchain brings to a voting system, but I still can't understand the investment value of buying into one chain. There just isn't enough people linked into Bitshares to completely represent any constituency to the fullest degree. I think this is only going to be useful for mass surveys at this point. The user base is too diverse and spread thinly throughout the globe. If you had Facebook user numbers, I still don't think you could represent any populace to its true full amount.

I guess we wait and see.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: CLains on August 11, 2014, 04:01:52 pm
small typo in whitepaper, "society casts it votes" should be "its votes"
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: fuzzy on August 13, 2014, 08:10:48 am
Interested in Setting up a Dev Hangout?
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: cass on August 13, 2014, 08:52:30 pm
http://bitshares.org/industries/voting/
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: CLains on August 13, 2014, 11:26:51 pm
http://bitshares.org/industries/voting/

sweet  +5%
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: dankeykang on August 19, 2014, 11:18:04 pm
Hi guys I have some Bitshares-PTS in a wallet, and I don't really understand what will happen on 8/21. What will this snapshot give me? How will I be able to show that I owned the PTS in that account, .... I'm just really confused, any help is greatly appreciated!
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: onceuponatime on August 19, 2014, 11:37:05 pm
Hi guys I have some Bitshares-PTS in a wallet, and I don't really understand what will happen on 8/21. What will this snapshot give me? How will I be able to show that I owned the PTS in that account, .... I'm just really confused, any help is greatly appreciated!

https://bitsharestalk.org/index.php?topic=7110.0
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: dankeykang on August 19, 2014, 11:41:04 pm
Thanks onceuponatime, I've been looking for an explanation all day! That helps a lot. Can I ask you what do you think is a small, medium, ands large amount of PTS for holding?

Like the total amount I should own?
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: onceuponatime on August 19, 2014, 11:58:51 pm
Thanks onceuponatime, I've been looking for an explanation all day! That helps a lot. Can I ask you what do you think is a small, medium, ands large amount of PTS for holding?

Like the total amount I should own?

That is an impossible question for me to answer since I know nothing about your financial situation or your investment objectives.

Almost everyone on this forum is a big booster and believes in the huge potential of the bitshares paradigm. So you may not get an objective opinion here. For instance, I myself am heavily invested in these projects and would tend to tell you to buy all you can because the more people who do so, the more my investment is worth.

So please do your own research and make up your own mind. No one on this forum is an investment advisor.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: dankeykang on August 20, 2014, 12:05:33 am
Thanks onceuponatime, I've been looking for an explanation all day! That helps a lot. Can I ask you what do you think is a small, medium, ands large amount of PTS for holding?

Like the total amount I should own?

That is an impossible question for me to answer since I know nothing about your financial situation or your investment objectives.

Almost everyone on this forum is a big booster and believes in the huge potential of the bitshares paradigm. So you may not get an objective opinion here. For instance, I myself am heavily invested in these projects and would tend to tell you to buy all you can because the more people who do so, the more my investment is worth.

So please do your own research and make up your own mind. No one on this forum is an investment advisor.
I'm sorry, let me clarify my question. I do not want to ask how much I should own. I want to know if I owned some PTS or BTSX, how much of either would you consider a small , medium, or large investment?

I'm very new to this, so I don't know much. But I am reading and learning and asking questions. Thank you for your patience and help.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Riverhead on August 20, 2014, 12:11:32 am
I'm sorry, let me clarify my question. I do not want to ask how much I should own. I want to know if I owned some PTS or BTSX, how much of either would you consider a small , medium, or large investment?

I'm very new to this, so I don't know much. But I am reading and learning and asking questions. Thank you for your patience and help.


Think of this as your highest risk investment in your portfolio. Blue chip stocks are safe-ish, small cap equities are a bit more risky, Bitcoin is very risk. This is more risky than all of that by far.


So as far as how much is a lot or a little: You should be able to lose every penny you put into this and still pay the rent/mortgage, put food on the table, etc. Based on how much that question stresses you out if you lost everything answers your little/medium/a lot question. As is often said this is a grand experiment. Sometimes they work and sometimes they don't :).

Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: dankeykang on August 20, 2014, 12:13:54 am
I'm sorry, let me clarify my question. I do not want to ask how much I should own. I want to know if I owned some PTS or BTSX, how much of either would you consider a small , medium, or large investment?

I'm very new to this, so I don't know much. But I am reading and learning and asking questions. Thank you for your patience and help.


Think of this as your highest risk investment in your portfolio. Blue chip stocks are safe-ish, small cap equities are a bit more risky, Bitcoin is very risk. This is more risky than all of that by far.


So as far as how much is a lot or a little: You should be able to lose every penny you put into this and still pay the rent/mortgage, put food on the table, etc. Based on how much that question stresses you out if you lost everything answers your little/medium/a lot question. As is often said this is a grand experiment. Sometimes they work and sometimes they don't :).
I just want to know if 100 PTS is considered a large or small investment, and 100,000 BTSX if it's small or large?
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: Riverhead on August 20, 2014, 12:15:40 am
I'm sorry, let me clarify my question. I do not want to ask how much I should own. I want to know if I owned some PTS or BTSX, how much of either would you consider a small , medium, or large investment?

I'm very new to this, so I don't know much. But I am reading and learning and asking questions. Thank you for your patience and help.


Think of this as your highest risk investment in your portfolio. Blue chip stocks are safe-ish, small cap equities are a bit more risky, Bitcoin is very risk. This is more risky than all of that by far.


So as far as how much is a lot or a little: You should be able to lose every penny you put into this and still pay the rent/mortgage, put food on the table, etc. Based on how much that question stresses you out if you lost everything answers your little/medium/a lot question. As is often said this is a grand experiment. Sometimes they work and sometimes they don't :) .
I just want to know if 100 PTS is considered a large or small investment, and 100,000 BTSX if it's small or large?


I would say they are small investments. We have people here buying $50k+ in PTS/BTSX. Think about what you'd need to retire. How many times does BTSX have to double from the $0.01 it is now for you to retire or make what you're hoping to on 100k BTSX? If you're a baller probably a lot.  If you're a minimum wager maybe not that much. It's all relative.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: dankeykang on August 20, 2014, 12:26:47 am
I'm sorry, let me clarify my question. I do not want to ask how much I should own. I want to know if I owned some PTS or BTSX, how much of either would you consider a small , medium, or large investment?

I'm very new to this, so I don't know much. But I am reading and learning and asking questions. Thank you for your patience and help.


Think of this as your highest risk investment in your portfolio. Blue chip stocks are safe-ish, small cap equities are a bit more risky, Bitcoin is very risk. This is more risky than all of that by far.


So as far as how much is a lot or a little: You should be able to lose every penny you put into this and still pay the rent/mortgage, put food on the table, etc. Based on how much that question stresses you out if you lost everything answers your little/medium/a lot question. As is often said this is a grand experiment. Sometimes they work and sometimes they don't :) .
I just want to know if 100 PTS is considered a large or small investment, and 100,000 BTSX if it's small or large?


I would say they are small investments. We have people here buying $50k+ in PTS/BTSX. Think about what you'd need to retire. How many times does BTSX have to double from the $0.01 it is now for you to retire or make what you're hoping to on 100k BTSX? If you're a baller probably a lot.  If you're a minimum wager maybe not that much. It's all relative.
Ok wow 50k is a lot to be investing! I guess it's not a lot for everyone, but your answer helped put BTS into a better perspective for me.

Thanks :)
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: CLains on August 30, 2014, 11:56:58 pm
http://news.stv.tv/scotland-decides/news/289967-police-probe-as-scottish-independence-referendum-votes-sold-on-ebay/
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: starspirit on October 10, 2014, 12:44:20 am
Is there somewhere we can see the results of the snapshot and how many VOTES each wallet received? I assume they can't be claimed yet...
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: xeroc on October 10, 2014, 06:59:21 am
Is there somewhere we can see the results of the snapshot and how many VOTES each wallet received? I assume they can't be claimed yet...
no page for the balances :( .. no release of the wallet .. BUT, an upcoming announcment in the next newsletter AFAIK
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: boombastic on October 15, 2014, 09:24:06 am
Is there somewhere we can see the results of the snapshot and how many VOTES each wallet received? I assume they can't be claimed yet...

You can now lookup balance on agsexplorer.com.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: starspirit on October 15, 2014, 09:39:21 am
Is there somewhere we can see the results of the snapshot and how many VOTES each wallet received? I assume they can't be claimed yet...

You can now lookup balance on agsexplorer.com.
And for PTS distribution?
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: testz on October 15, 2014, 10:27:16 am
Is there somewhere we can see the results of the snapshot and how many VOTES each wallet received? I assume they can't be claimed yet...

You can now lookup balance on agsexplorer.com.
And for PTS distribution?

Yes, for DNS distribution for PTS balances at snapshot.
Title: Re: [ SNAPSHOT: 8/21 ] VOTE
Post by: boombastic on October 15, 2014, 10:30:24 am
pts and ags-pts balance are merged.  So if your pts address had ags donated and still have balance at the snapshot day, the votes the address will get are summed up.


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