BitShares Forum

Main => General Discussion => Topic started by: CinniDev on September 09, 2014, 11:32:50 am

Title: TimeBank DAC
Post by: CinniDev on September 09, 2014, 11:32:50 am
Hello BitShares community
I am making a DAC called TimeBank

TimeBank will have 187.5 million coins.
The distribution will be 80% to Cinni holders(150 million coins)
10% to PTS holders (18.75 million coins)
and 10% to AGS holders (18.75 million coins)
The trading code is: TIME

Users of TimeBank will be able to use units of time as the currency.
This detail will be made in the user interface rather than in the block chain itself. TimeBank will display a users balance as units of time and allow users to send units of time to each other.

In the time calculations in the user interface, each coin is calculated as 1 hour.
So if someone has a million TimeBank, his wallet balance is shown as 114 Years, 56 Days 39 Hours 59 Minutes 59 seconds.

When a user sends time, the user interface will convert the amount of time being sent back into actual coins before sending the transaction to the block chain.   
I haven't decided on the trading code yet. I am open to suggestions.

Since I am building this project as a BitSharesX fork, it will have BitSharesX's features too.

I will be also adding encrypted messaging. And later on a betting system that uses feeds.

I would love to hear your input and suggestions to make this project better.
Title: Re: TimeShares DAC
Post by: Riverhead on September 09, 2014, 11:43:12 am
Cool! Looking forward to seeing how this develops....and maybe getting my self some nice vacation locations :D .

I can see how this can use BitSharesX platform as TimeShares will have different values by location, time of year, current events, weather, etc. A futures prediction market if I ever saw one.

Would the properties be bitAssets?
Title: Re: TimeShares DAC
Post by: gyhy on September 09, 2014, 11:55:07 am
 +5%
Title: Re: TimeShares DAC
Post by: pgbit on September 09, 2014, 11:57:15 am
Interesting idea... You will gain much support here for the PTS and AGS allocation - good luck!
Title: Re: TimeShares DAC
Post by: serejandmyself on September 09, 2014, 12:02:06 pm
interesting. But if its a bitshares x family, wouldnt it make more sence to give shares to btsx holders rather then pts holders?
Title: Re: TimeShares DAC
Post by: emski on September 09, 2014, 12:08:35 pm
What is the purpose of this?
Title: Re: TimeShares DAC
Post by: Riverhead on September 09, 2014, 12:09:04 pm
interesting. But if its a bitshares x family, wouldnt it make more sence to give shares to btsx holders rather then pts holders?


BitSharesX was PTS/AGS so I can see why this would follow the same path: The import mechanisms are already in place. However, I can see where you're coming from. Worth considering. It may be the case that bitUSD is supported by TimeShares and with cross chain trading you'd automatically have stake.
Title: Re: TimeShares DAC
Post by: Riverhead on September 09, 2014, 12:09:43 pm
What is the purpose of this?


I am thinking it is this:


http://en.wikipedia.org/wiki/Timeshare

Title: Re: TimeShares DAC
Post by: emski on September 09, 2014, 12:20:04 pm
What is the purpose of this?


I am thinking it is this:


http://en.wikipedia.org/wiki/Timeshare

Not enough information to get excited...
I could imagine a lot of possible use cases for a thing named "TimeShares DAC".
However I see no description of what is planned and its intended purpose.
Title: Re: TimeShares DAC
Post by: CinniDev on September 09, 2014, 12:20:54 pm
Cool! Looking forward to seeing how this develops....and maybe getting my self some nice vacation locations :D .

I can see how this can use BitSharesX platform as TimeShares will have different values by location, time of year, current events, weather, etc. A futures prediction market if I ever saw one.

Would the properties be bitAssets?

I am thinking it is this:


http://en.wikipedia.org/wiki/Timeshare
Hey Riverhead

This DAC isn't related to real timeshares
Maybe the name suggests that it does.
If you have suggestions on a different name that would suite the project better that would be nice.

However what you said is a great idea and maybe bitassets can be made for them.
Title: Re: TimeShares DAC
Post by: feedthemcake on September 09, 2014, 12:27:45 pm
Cool! Looking forward to seeing how this develops....and maybe getting my self some nice vacation locations :D .

I can see how this can use BitSharesX platform as TimeShares will have different values by location, time of year, current events, weather, etc. A futures prediction market if I ever saw one.

Would the properties be bitAssets?

I am thinking it is this:


http://en.wikipedia.org/wiki/Timeshare
Hey Riverhead

This DAC isn't related to real timeshares
Maybe the name suggests that it does.
If you have suggestions on a different name that would suite the project better that would be nice.

However what you said is a great idea and maybe bitassets can be made for them.

I'm confused. What exactly would the "timeshares" be used for? What is their value?
Title: Re: TimeShares DAC
Post by: CinniDev on September 09, 2014, 12:34:28 pm
Cool! Looking forward to seeing how this develops....and maybe getting my self some nice vacation locations :D .

I can see how this can use BitSharesX platform as TimeShares will have different values by location, time of year, current events, weather, etc. A futures prediction market if I ever saw one.

Would the properties be bitAssets?

I am thinking it is this:


http://en.wikipedia.org/wiki/Timeshare
Hey Riverhead

This DAC isn't related to real timeshares
Maybe the name suggests that it does.
If you have suggestions on a different name that would suite the project better that would be nice.

However what you said is a great idea and maybe bitassets can be made for them.

I'm confused. What exactly would the "timeshares" be used for? What is their value?
It can be used like a normal coin
To trade, to buy things to sell things.
It will have encrypted messaging system.
And later on a betting system that uses feeds.
Also it will have an asset exchange like bitsharesx so it will be a cheaper way to issue assets.
Title: Re: TimeShares DAC
Post by: Riverhead on September 09, 2014, 12:42:44 pm

Ok, add me to the list of confused people then :) .

The name TimeShares - what does it refer to? What is being time shared? Say I have an hour of time...what do I spend it on?
Title: Re: TimeShares DAC
Post by: GaltReport on September 09, 2014, 12:49:57 pm
This has given me an idea.  I may create a DAC called MonthShares.  It will be denominated in months. If you have 24, the wallet will show 2 years.  The purpose of the DAC is to let people trade, ah, months of time...something like that...still working on the details...will update soon.
Title: Re: TimeShares DAC
Post by: CinniDev on September 09, 2014, 12:51:26 pm

Ok, add me to the list of confused people then :) .

The name TimeShares - what does it refer to? What is being time shared? Say I have an hour of time...what do I spend it on?
You can spend it on things people are willing to sell for 1 hour of the TimeShares
It will depend on the market value.

The name timeshares in this DAC was supposed to mean shares of time

But it has another meaning so it is confusing.
That is my fault for not explaining clearly.
Title: Re: TimeShares DAC
Post by: emski on September 09, 2014, 12:53:03 pm
Why not issuing that asset in bitsharesX?
What better feature you will provide?
Title: Re: TimeShares DAC
Post by: ebit on September 09, 2014, 12:59:30 pm
Time Bank?
Welcome! +5%
Title: Re: TimeShares DAC
Post by: CinniDev on September 09, 2014, 01:10:27 pm
Time Bank?
Welcome! +5%
+5% :D
Thats a better name
Title: Re: TimeShares DAC
Post by: feedthemcake on September 09, 2014, 01:15:21 pm
What exactly gives it value and I apologize if I'm missing something but why would this need to be called a Decentralized Autonomous Company, so far I feel like it's just an alt coin called timeshares and isn't really anything else. Doesn't cinni coin already have encrypted messaging?
Title: Re: TimeShares DAC
Post by: fuzzy on September 09, 2014, 01:21:04 pm
Time Bank?
Welcome! +5%
+5% :D
Thats a better name

Yeh...Really like that.  I would imagine the Time would have a value based in the average value across all services?  Then you xfer Timeshares tokens to purchase shares in worker's timetokens?  So...for instance:

Bob buys 24Hours, looks on the exchange for someone who is offering Web Development Services (Tim).  Tim accepts only accepts TimDevHours, which are currently market pegged at a value 50% higher than the average Hour.  So Bob uses 1 Hour and 30 Minutes to buy 1 TimDevHour. 

Is this how it would work?  I think the confusion lies in "what is this time going to purchase?" 

Also, when is the snapshot?  I'll buy some Cinni if I still get a chance for a chance at more of it--if we can understand this a little better ;)
Title: Re: TimeShares DAC
Post by: 38PTSWarrior on September 09, 2014, 01:25:23 pm
It is like from the movie with justin timberlake, where they have time on their arms. You could use chips to implant under the skin.
Title: Re: TimeShares DAC
Post by: serejandmyself on September 09, 2014, 01:28:47 pm
interesting. But if its a bitshares x family, wouldnt it make more sence to give shares to btsx holders rather then pts holders?

Dev, you didnt reply to that ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Also im also confused as to why is it a DAC and not an altcoin
Title: Re: TimeShares DAC
Post by: fuzzy on September 09, 2014, 01:31:34 pm
It is like from the movie with justin timberlake, where they have time on their arms. You could use chips to implant under the skin.

LOL!  I am such a conspiracy buff, but this one seems harmless to me :)

If, however, they start taking people's lives with this DAC in the year 2084 I will be wholly against it!
(http://i.imgur.com/mvd1uD0.jpg) (http://imgur.com/mvd1uD0)
Title: Re: TimeShares DAC
Post by: oco101 on September 09, 2014, 01:39:42 pm
This has given me an idea.  I may create a DAC called MonthShares.  It will be denominated in months. If you have 24, the wallet will show 2 years.  The purpose of the DAC is to let people trade, ah, months of time...something like that...still working on the details...will update soon.

Lool
Title: Re: TimeShares DAC
Post by: CinniDev on September 09, 2014, 01:49:34 pm
Time Bank?
Welcome! +5%
+5% :D
Thats a better name

Yeh...Really like that.  I would imagine the Time would have a value based in the average value across all services?  Then you xfer Timeshares tokens to purchase shares in worker's timetokens?  So...for instance:

Bob buys 24Hours, looks on the exchange for someone who is offering Web Development Services (Tim).  Tim accepts only accepts TimDevHours, which are currently market pegged at a value 50% higher than the average Hour.  So Bob uses 1 Hour and 30 Minutes to buy 1 TimDevHour. 

Is this how it would work?  I think the confusion lies in "what is this time going to purchase?" 

Also, when is the snapshot?  I'll buy some Cinni if I still get a chance for a chance at more of it--if we can understand this a little better ;)
Yes that is how it can work
People can issue assets without it costing them a lot of money and people can buy and sell the assets that they issue.
If someone issues an asset that can be exchanged for web development services then his asset would be worth what his services are worth in the market value of Time  hours.
The Time hours would be worth what the market decides to accept for goods and services and the price people are willing to buy and sell at, so its market value.
Title: Re: TimeShares DAC
Post by: toast on September 09, 2014, 01:54:35 pm
I think you are doing it completely wrong. Normal user issued-assets are the best thing for what you are trying to do. Generic "timeshares" will not have value proportional to the value of human time because human time is not fungible.

This is BitShares X or ME except rebranded.
Title: Re: TimeShares DAC
Post by: CinniDev on September 09, 2014, 02:27:38 pm
I think you are doing it completely wrong. Normal user issued-assets are the best thing for what you are trying to do. Generic "timeshares" will not have value proportional to the value of human time because human time is not fungible.

This is BitShares X or ME except rebranded.
1 hour in TimeShares won't have the value of 1 hour of human time.
But you can view it as a time-based currency.
On the asset exchange normal people can issue assets and people can use the hours they have in their balance to buy those.
Also people can buy things and sell things with their balance and use it like a normal coin too.
In the example theFuzz made, it showed how someone can issue an asset that has the value of 1 hour of their work.
Title: Re: TimeShares DAC
Post by: toast on September 09, 2014, 02:28:44 pm
So you confirm that the real value is in the user-issued assets and "timeshares" could be called "MEshares" and it would work *exactly* the same way?
Title: Re: TimeShares DAC
Post by: CinniDev on September 09, 2014, 02:59:15 pm
So you confirm that the real value is in the user-issued assets and "timeshares" could be called "MEshares" and it would work *exactly* the same way?
Yes it would work the same way but it wouldn't make sense to call it something that doesn't have time in the name if its a time-based currency.
I like the name Ebit suggested TimeBank :)

I understand what you are saying though.

Also yeah a big part of the value would be the user-issued assets.
I am also adding an encrypted messaging system and I'm going to be working on a betting system that uses feeds.

Title: Re: TimeShares DAC
Post by: serejandmyself on September 09, 2014, 03:09:09 pm
So you confirm that the real value is in the user-issued assets and "timeshares" could be called "MEshares" and it would work *exactly* the same way?
Yes it would work the same way but it wouldn't make sense to call it something that doesn't have time in the name if its a time-based currency.
I like the name Ebit suggested TimeBank :)

I understand what you are saying though.

Also yeah a big part of the value would be the user-issued assets.
I am also adding an encrypted messaging system and I'm going to be working on a betting system that uses feeds.

feels more like an altcoin
Title: Re: TimeShares DAC
Post by: toast on September 09, 2014, 03:36:18 pm
So you confirm that the real value is in the user-issued assets and "timeshares" could be called "MEshares" and it would work *exactly* the same way?
Yes it would work the same way but it wouldn't make sense to call it something that doesn't have time in the name if its a time-based currency.
I like the name Ebit suggested TimeBank :)

I understand what you are saying though.

Also yeah a big part of the value would be the user-issued assets.
I am also adding an encrypted messaging system and I'm going to be working on a betting system that uses feeds.

feels more like an altcoin

So it begins... "We'll call it ___shares, it will be for ____!"

Good luck with your alternatively branded BTSX! Looking forward.
Title: Re: TimeShares DAC
Post by: jsidhu on September 09, 2014, 03:36:26 pm
it IS AN ALT coin since he has a ton of CINNI to probably dump with that 80% allocation. Make it 40% and give 40% to btsx and maybe people will be interested.
Title: Re: TimeShares DAC
Post by: emski on September 09, 2014, 03:42:12 pm
Betting is an interesting idea.
If it is implemented properly it has some value.
We'll just wait and see anyway...
Title: Re: TimeShares DAC
Post by: chryspano on September 09, 2014, 04:08:56 pm
Hello BitShares community
I am making a DAC called TimeShares

TimeShares will have 187.5 million coins.
The distribution will be 80% to Cinni holders(150 million coins)
10% to PTS holders (18.75 million coins)
and 10% to AGS holders (18.75 million coins)

Users of TimeShares will be able to use units of time as the currency.
This detail will be made in the user interface rather than in the block chain itself. TimeShares will display a users balance as units of time and allow users to send units of time to each other.

In the time calculations in the user interface, each coin is calculated as 1 hour.
So if someone has a million TimeShares, his wallet balance is shown as 114 Years, 56 Days 39 Hours 59 Minutes 59 seconds.

When a user sends time, the user interface will convert the amount of time being sent back into actual coins before sending the transaction to the block chain.   
I haven't decided on the trading code yet. I am open to suggestions. Maybe TIME, HOUR, TSHARE, or something similar.

Since I am building this project as a BitSharesX fork, it will have BitSharesX's features too.

I will be also adding encrypted messaging. And later on a betting system that uses feeds.

I would love to hear your input and suggestions to make this project better.

Congratulations to the first ShitShares announcement !!!!

(http://i.imgur.com/tIKecVs.jpg)



 
Title: Re: TimeShares DAC
Post by: bitcoinerS on September 09, 2014, 04:09:35 pm
A real TimeShares DAC would be interesting. This.. not so much.

Real TimeShares DAC would be a market in timeshares.
http://en.wikipedia.org/wiki/Timeshare
"A timeshare is a property with a particular form of ownership or use rights."

A market in temporary property ownership or use rights could be a successful DAC.
Title: Re: TimeShares DAC
Post by: serejandmyself on September 09, 2014, 05:09:02 pm
@ TS

You need to develop your idea pal. Its just that you say 80% to cinni, well for starters it shows that you ahve lots of this coin and you will get a huge share yourself..... Second you havent got a clear idea - a DAC is a company - whats a comapny about selling something that isnt even clear what it is. Its like if i took a box of matches and stuck a colored sticker on the box... well i wouldnt open a factory and register a company to sell those, cause no one would buy them (althought i might sell it as modern art LOL . As i wouldnt have an idea. If i invented self lighting matches then i have an idea. You see the difference?

What people are saying about timeshares in relation to the knows term is very interesting, suggest you look into it.

For example in russia (im sure it exists in other countires) you have a website, where people offer to sell their time for other time. For example im a transaltor and i sell one hour of my work for someone who needs it. The guy who buys it is a solicitor and i have a case coming up. Obviously solicitors time is worth more then a translator (ovious as in thats how its in todays society) .So i sell my hour for his 30 minutes (this is just an example, not to be taken for granted). Now i find this interesting. This has got a concept. If you were to develop this, i think it would be more interesting for people to invest in. IMHO
Title: Re: TimeShares DAC
Post by: jsidhu on September 09, 2014, 05:33:21 pm
I think he wanted to fork bitshares and have a value add (messages, centralized betting system) with hopes to steal market share from bitsharesx, hey why not, aslong as there are people willing to pay above 0 satoshi's the guy is making money since hes a bag holder for Cinni and automatically becomes a whale for this new fork. Its a social consensus premine, but not well thought out. I suggest to rebrand the DAC and become a DAC and not a bitsharesx fork.. use the toolkit for its purposes, dont try to steal the idea like a copy cat coin which has been proven to be a waste of engineering effort other than feeding the greedy, which is against the whole idea of bitcoin and cryptocurrency in general.

I personally would stay clear away from something like this, unless it has a proper business proposal similar to http://followmyvote.com/wp-content/uploads/2014/08/The-Key-To-Unlocking-The-Black-Box.pdf

Holding 150(a large chunk) out of 187.5 million coins and forking btsx did it for me. Gluck to anyone to falls for this.

Even if he does change the project based on our suggestions, we know his intentions.
Title: Re: TimeShares DAC
Post by: 38PTSWarrior on September 09, 2014, 07:31:34 pm
It is like from the movie with justin timberlake, where they have time on their arms. You could use chips to implant under the skin.

LOL!  I am such a conspiracy buff, but this one seems harmless to me :)

If, however, they start taking people's lives with this DAC in the year 2084 I will be wholly against it!
(http://i.imgur.com/mvd1uD0.jpg) (http://imgur.com/mvd1uD0)

The DACs will make violence counterproductive. People will only kill for other things but not for money. The rainforests will grow again and the money of the people will finance the craziest awesome projects.
Title: Re: TimeShares DAC
Post by: CinniDev on September 09, 2014, 08:28:53 pm
I have renamed the name of the project to TimeBank  :)
Title: Re: TimeShares DAC
Post by: donkeypong on September 09, 2014, 08:58:57 pm

You need to develop your idea pal.

The great thing about this forum is that it's a place for the open interchange of ideas. From what I've read, Cinni already has been responsive to ideas from this thread. Give him time to develop this DAC idea. It may be crud or it may turn out to fill an important niche somewhere in the DAC space.

What I don't quite get is the notion of "time" here. Is it just a denomination of value or is there some other reason to use hours, minutes, and seconds? Maybe start a temporary staffing agency and, when people save up enough "time", they can take a vacation and order a temp to cover their job in the meantime? I'm joking here, at least halfway, but maybe it will stimulate a more important thought in someone's brain.
Title: Re: TimeBank DAC
Post by: xeroc on September 09, 2014, 09:06:11 pm
be honest: have you thought dogecoin would still be around .. last year?
Title: Re: TimeShares DAC
Post by: fuzzy on September 09, 2014, 10:03:01 pm
I think he wanted to fork bitshares and have a value add (messages, centralized betting system) with hopes to steal market share from bitsharesx, hey why not, aslong as there are people willing to pay above 0 satoshi's the guy is making money since hes a bag holder for Cinni and automatically becomes a whale for this new fork. Its a social consensus premine, but not well thought out. I suggest to rebrand the DAC and become a DAC and not a bitsharesx fork.. use the toolkit for its purposes, dont try to steal the idea like a copy cat coin which has been proven to be a waste of engineering effort other than feeding the greedy, which is against the whole idea of bitcoin and cryptocurrency in general.

I personally would stay clear away from something like this, unless it has a proper business proposal similar to http://followmyvote.com/wp-content/uploads/2014/08/The-Key-To-Unlocking-The-Black-Box.pdf

Holding 150(a large chunk) out of 187.5 million coins and forking btsx did it for me. Gluck to anyone to falls for this.

Even if he does change the project based on our suggestions, we know his intentions.

has he finalized this sharedrop rate or is it open to being changed with good arguments for doing so? 
Id like to bring him on a dev hangout to let the community dig in and let him defend his positions or change them. This is a first time so I think this is an opportunity for a class of sorts to consider the possibilities. Not at all upset about 10/10pts ags (it is the consensus afterall), but it would be interesting to see some of them sharedropped on stellar or ripple to bring gateways online.  Many possibilities with a sharedrop that can help the ecosystem as a whole.


in my opinion, this was bound to happen. I was personally looking forward to many bitshares based banks and exchanges because I think of it as potentially taking some value from bitshares marketcap (initially) while diversifying our holdings automatically and advertising the concepts we have grown to consider laws in the cryptouniverse that few others recognize (yet).

I am pumped to finally start actively delving into this. BitShares ability to grow industries around altcoins to make them competitive with bitcoin.  This was why Beyond Bitcoinx is so named...!
Title: Re: TimeBank DAC
Post by: jsidhu on September 10, 2014, 12:26:05 am
Well main thing is to not fork btsx, use the toolkit as was designed to do. Then create a proposal like the vote DAC did. Flesh out the details of the corporation go from there.
Title: Re: TimeBank DAC
Post by: serejandmyself on September 10, 2014, 07:00:05 am
be honest: have you thought dogecoin would still be around .. last year?

Honestly  - yes. Dogecoin (for all its crap - i appologise if i offend anyone) - has a huge community behind it. Thats what makes any coin live - its community
Title: Re: TimeBank DAC
Post by: xeroc on September 10, 2014, 08:04:35 am
be honest: have you thought dogecoin would still be around .. last year?

Honestly  - yes. Dogecoin (for all its crap - i appologise if i offend anyone) - has a huge community behind it. Thats what makes any coin live - its community
... but not at the time of announcement I guess ...
I wasn't there .. live .. but even their community had to grow in time .. correct?
Title: Re: TimeBank DAC
Post by: serejandmyself on September 10, 2014, 08:13:39 am
be honest: have you thought dogecoin would still be around .. last year?

Honestly  - yes. Dogecoin (for all its crap - i appologise if i offend anyone) - has a huge community behind it. Thats what makes any coin live - its community
... but not at the time of announcement I guess ...
I wasn't there .. live .. but even their community had to grow in time .. correct?

agreed  but as i remember (at least in the russian crypto world) - for some reason it was popular from day one
Title: Re: TimeBank DAC
Post by: CLains on September 10, 2014, 10:58:12 am
Interesting!
Title: Re: TimeBank DAC
Post by: biophil on September 18, 2014, 02:54:31 pm
Snapshot date?
Title: Re: TimeBank DAC
Post by: CinniDev on September 18, 2014, 09:08:25 pm
Snapshot date?
I haven't decided on the snapshot date yet.
When I do I'll post an update about it.
Title: Re: TimeBank DAC
Post by: biophil on September 18, 2014, 09:12:39 pm
Snapshot date?
I haven't decided on the snapshot date yet.
When I do I'll post an update about it.

Cool, I'm just glad to hear it's still in the works.
Title: Re: TimeShares DAC
Post by: pawlo74 on September 20, 2014, 06:18:48 am
Hello BitShares community
I am making a DAC called TimeShares

TimeShares will have 187.5 million coins.
The distribution will be 80% to Cinni holders(150 million coins)
10% to PTS holders (18.75 million coins)
and 10% to AGS holders (18.75 million coins)

Users of TimeShares will be able to use units of time as the currency.
This detail will be made in the user interface rather than in the block chain itself. TimeShares will display a users balance as units of time and allow users to send units of time to each other.

In the time calculations in the user interface, each coin is calculated as 1 hour.
So if someone has a million TimeShares, his wallet balance is shown as 114 Years, 56 Days 39 Hours 59 Minutes 59 seconds.

When a user sends time, the user interface will convert the amount of time being sent back into actual coins before sending the transaction to the block chain.   
I haven't decided on the trading code yet. I am open to suggestions. Maybe TIME, HOUR, TSHARE, or something similar.

Since I am building this project as a BitSharesX fork, it will have BitSharesX's features too.

I will be also adding encrypted messaging. And later on a betting system that uses feeds.

I would love to hear your input and suggestions to make this project better.

Congratulations to the first ShitShares announcement !!!!

(http://i.imgur.com/tIKecVs.jpg)


Not all of you guys like that project and I can understand it, no one like competition, everyone prefer monopoly and that's ok to me.

But let's give Cinni dev chance to develop his idea and finish his project than judge him.

PS.

By the way. Mind, I'm now the big fan of Bitshares and I believe that is much bigger thing than Bitcoin.

Why ? All because of Cinni dev and there might be more people like me in this forum thanks to him.
Title: Re: TimeShares DAC
Post by: fuzzy on September 21, 2014, 02:12:58 am
Hello BitShares community
I am making a DAC called TimeShares

TimeShares will have 187.5 million coins.
The distribution will be 80% to Cinni holders(150 million coins)
10% to PTS holders (18.75 million coins)
and 10% to AGS holders (18.75 million coins)

Users of TimeShares will be able to use units of time as the currency.
This detail will be made in the user interface rather than in the block chain itself. TimeShares will display a users balance as units of time and allow users to send units of time to each other.

In the time calculations in the user interface, each coin is calculated as 1 hour.
So if someone has a million TimeShares, his wallet balance is shown as 114 Years, 56 Days 39 Hours 59 Minutes 59 seconds.

When a user sends time, the user interface will convert the amount of time being sent back into actual coins before sending the transaction to the block chain.   
I haven't decided on the trading code yet. I am open to suggestions. Maybe TIME, HOUR, TSHARE, or something similar.

Since I am building this project as a BitSharesX fork, it will have BitSharesX's features too.

I will be also adding encrypted messaging. And later on a betting system that uses feeds.

I would love to hear your input and suggestions to make this project better.

Congratulations to the first ShitShares announcement !!!!


Not all of you guys like that project and I can understand it, no one like competition, everyone prefer monopoly and that's ok to me.

But let's give Cinni dev chance to develop his idea and finish his project than judge him.

PS.

By the way. Mind, I'm now the big fan of Bitshares and I believe that is much bigger thing than Bitcoin.

Why ? All because of Cinni dev and there might be more people like me in this forum thanks to him.

I really think bitshares tech could make numerous coins easily worth bitcoin's marketcap.  Imagine what would happen if a bunch of altcoin devs who actually want to innovate start using this toolkit to build onto their own ecosystems...

It is bitcoin infrastructure in a box..

Really excited to see this...even if it becomes a decentralized angies list...
Title: Re: TimeShares DAC
Post by: pawlo74 on September 21, 2014, 06:53:09 am
Hello BitShares community
I am making a DAC called TimeShares

TimeShares will have 187.5 million coins.
The distribution will be 80% to Cinni holders(150 million coins)
10% to PTS holders (18.75 million coins)
and 10% to AGS holders (18.75 million coins)

Users of TimeShares will be able to use units of time as the currency.
This detail will be made in the user interface rather than in the block chain itself. TimeShares will display a users balance as units of time and allow users to send units of time to each other.

In the time calculations in the user interface, each coin is calculated as 1 hour.
So if someone has a million TimeShares, his wallet balance is shown as 114 Years, 56 Days 39 Hours 59 Minutes 59 seconds.

When a user sends time, the user interface will convert the amount of time being sent back into actual coins before sending the transaction to the block chain.   
I haven't decided on the trading code yet. I am open to suggestions. Maybe TIME, HOUR, TSHARE, or something similar.

Since I am building this project as a BitSharesX fork, it will have BitSharesX's features too.

I will be also adding encrypted messaging. And later on a betting system that uses feeds.

I would love to hear your input and suggestions to make this project better.

Congratulations to the first ShitShares announcement !!!!


Not all of you guys like that project and I can understand it, no one like competition, everyone prefer monopoly and that's ok to me.

But let's give Cinni dev chance to develop his idea and finish his project than judge him.

PS.

By the way. Mind, I'm now the big fan of Bitshares and I believe that is much bigger thing than Bitcoin.

Why ? All because of Cinni dev and there might be more people like me in this forum thanks to him.

I really think bitshares tech could make numerous coins easily worth bitcoin's marketcap.  Imagine what would happen if a bunch of altcoin devs who actually want to innovate start using this toolkit to build onto their own ecosystems...

It is bitcoin infrastructure in a box..

Really excited to see this...even if it becomes a decentralized angies list...

Yes I'm afraid you right.
Bitshares's team is world's number one.
That is because of millions of USD  ;)
We can't compare Cinni dev to Bitshare team but this man is trying hard to compensate people their loses by new project.
Recently even left work and dedicated all his time to TimeBank.
With all these scams going on, Cinni dev deserve our respect.

Also really excited to see future of BitshareX
Title: Re: TimeBank DAC
Post by: CLains on September 21, 2014, 07:00:43 am
Developers are DAC factories. Every second they spend on the BitShares Toolkit is upgrading their factory to produce better products faster. The BitShares ecology needs a lot of factories, and the better upgraded they become, the further ahead of everyone else we will be when people realize that this is the way to produce quality block-chains.
Title: Re: TimeBank DAC
Post by: biophil on October 10, 2014, 06:23:01 pm
Cinni DPOS snapshot on October 14, 2014, 5:00:00 PM UTC

Note: I'm pretty sure this snapshot doesn't include PTS/AGS; this is merely the snapshot to upgrade Cinni to DPOS. Correct? There will be some future snapshot for the TimeBank DAC.
Title: Re: TimeBank DAC
Post by: pawlo74 on October 10, 2014, 07:08:30 pm
Yes, you right.
Thank you.
I will delete it than ?
Title: Re: TimeBank DAC
Post by: biophil on October 10, 2014, 10:15:06 pm
Yes, you right.
Thank you.
I will delete it than ?

Well, deleting it seems a bit extreme. :) Nothing wrong with BitShares people knowing that Cinni is implementing DPOS.
Title: Re: TimeBank DAC
Post by: pawlo74 on October 11, 2014, 12:27:45 am
Yes, you right.
Thank you.
I will delete it than ?

Well, deleting it seems a bit extreme. :) Nothing wrong with BitShares people knowing that Cinni is implementing DPOS.

 :)
Title: Re: TimeBank DAC
Post by: fuzzy on October 11, 2014, 05:05:47 am
Hangout on the day of the snapshot?
Title: Re: TimeBank DAC
Post by: xeroc on October 11, 2014, 09:34:42 am
just added you to the snapshot gfx .. hope its o.k.: http://wiki.bitshares.org/images/d/df/Updatedsnap.png
Title: Re: TimeBank DAC
Post by: pawlo74 on October 11, 2014, 10:37:33 am
just added you to the snapshot gfx .. hope its o.k.: http......

Hallo,

Can I ask why 10/15/2014 ?

Thank you
Title: Re: TimeBank DAC
Post by: xeroc on October 11, 2014, 10:52:36 am
Thats the info i have .. is it wrong? Can you link me to some official announcement?
Title: Re: TimeBank DAC
Post by: pawlo74 on October 11, 2014, 11:31:32 am
Thats the info i have .. is it wrong? Can you link me to some official announcement?

I am affraid there is no official announcement yet but I have just asked Cinni dev in our thread so we need to wait for answer.

There might be delay though due to Mintpal V2 but that's about Cinni upgrage to DPoS

cinnicoin can you please make us feel better about our stuck cinni on mintpal if there is any contact yet?

we need them in our wallets by timebank snapshot date or let us know you wont snapshot until the problem has been resolved
Hello
I have tried to contact Mintpal through a support ticket. I haven't recieved a PM or email from them either.
I do see the CINNI/BTC trading pair online now https:....
But no way to withdraw.
I will make a reddit account to try contact them through reddit.
The snapshot on the 14th is for the DPOS Cinni. Like Cinni v2 built using the Bitshares toolkit. If i can get in contact with them, maybe i can convince them to participate in the snapshot. All it would take is for them to stop the deposits and withdrawals close to the snapshot date and send their Cinni to a new address that they make since they have alot of addresses, and then when the new Cinni wallet comes out they import their private key into it. Maybe they still haven't solved the issues they were facing so i am trying to get in contact with them to ask them and help them solve the problem.
Also don't worry if it isn't solved soon then i would reschedule the snapshot.
Title: Re: TimeBank DAC
Post by: xeroc on October 11, 2014, 11:49:12 am
Announcements for snapshots are supposed to be releas at least 14 days in advance ...
thats why i ask .. and start to wonder ..
Title: Re: TimeBank DAC
Post by: inarizushi on October 11, 2014, 12:06:56 pm
How old are you, CinniDev ? (let me guess... 16 years old ?).

Why are some of you falling/pretending to be falling for this ?

Of course we can judge him and his "project" now : it's an empty and absurd rebranding of bitshares with no motivation (other than whaling shitshares). We should not endorse this, we will look silly.
Title: Re: TimeBank DAC
Post by: pc on October 11, 2014, 12:23:50 pm
it's an empty and absurd rebranding of bitshares with no motivation (other than whaling shitshares). We should not endorse this, we will look silly.
+1
Title: Re: TimeBank DAC
Post by: pawlo74 on October 11, 2014, 12:36:00 pm
How old are you, CinniDev ? (let me guess... 16 years old ?).
[...]


16 years old ?? Great I will invest in his project than. Means in a few years he will be an expert in Crypto 2.0

Young age ? to me this is an asset.
Title: Re: TimeBank DAC
Post by: fuzzy on October 12, 2014, 05:23:47 am
How old are you, CinniDev ? (let me guess... 16 years old ?).

Why are some of you falling/pretending to be falling for this ?

Of course we can judge him and his "project" now : it's an empty and absurd rebranding of bitshares with no motivation (other than whaling shitshares). We should not endorse this, we will look silly.

Hey now people... CinniDev has been vetted to a certain degree already.  He plans on holding a couple Dev Hangouts so you can speak with him and potentially even maybe give him ideas to create new DACs instead of a btsx "clone" with a couple extra features. 

We are going to have many "coins" coming here over time....and many of those "coin devs" are going to want to later start building DACs on their own chains.  If we play our cards right and the shareholders play an active part, there is no reason why we can't make honoring PTS/AGS an absolute necessity...

If we play these parts well...we can do it and ensure pump and dumpers are largely weeded out in the hangouts by the group of intellectuals who had the foresight to invest in PTS/AGS.
Title: Re: TimeBank DAC
Post by: pawlo74 on October 12, 2014, 06:10:34 am
How old are you, CinniDev ? (let me guess... 16 years old ?).

Why are some of you falling/pretending to be falling for this ?

Of course we can judge him and his "project" now : it's an empty and absurd rebranding of bitshares with no motivation (other than whaling shitshares). We should not endorse this, we will look silly.

Hey now people... CinniDev has been vetted to a certain degree already.  He plans on holding a couple Dev Hangouts so you can speak with him and potentially even maybe give him ideas to create new DACs instead of a btsx "clone" with a couple extra features. 

We are going to have many "coins" coming here over time....and many of those "coin devs" are going to want to later start building DACs on their own chains.  If we play our cards right and the shareholders play an active part, there is no reason why we can't make honoring PTS/AGS an absolute necessity...

If we play these parts well...we can do it and ensure pump and dumpers are largely weeded out in the hangouts by the group of intellectuals who had the foresight to invest in PTS/AGS.

theFu thanks a lot for info that's good interesting news.

Please keep us informed.

Regards.
Title: Re: TimeBank DAC
Post by: inarizushi on October 12, 2014, 11:06:41 am
From an insider's point of view, the more shares are given to PTS, the better. From an outsider's point of view, having empty projects with no added value (CinniDev hasn't even tried to argue of what the added value of TimeBank could be...) just make us look silly.

Come on, we are in the adult business world, and it cannot work like that, we have to evaluate the value of things. Otherwise, we could also all join the dogeparty
Title: Re: TimeBank DAC
Post by: pawlo74 on October 12, 2014, 12:36:08 pm
From an insider's point of view, the more shares are given to PTS, the better. From an outsider's point of view, having empty projects with no added value (CinniDev hasn't even tried to argue of what the added value of TimeBank could be...) just make us look silly.

Come on, we are in the adult business world, and it cannot work like that, we have to evaluate the value of things. Otherwise, we could also all join the dogeparty

"the dogeparty"

I like it  ;D
Title: Re: TimeBank DAC
Post by: fuzzy on October 12, 2014, 04:37:02 pm
From an insider's point of view, the more shares are given to PTS, the better. From an outsider's point of view, having empty projects with no added value (CinniDev hasn't even tried to argue of what the added value of TimeBank could be...) just make us look silly.

Come on, we are in the adult business world, and it cannot work like that, we have to evaluate the value of things. Otherwise, we could also all join the dogeparty

Honorable Devs are honorable Devs whether or not their projects are taken seriously.  Their projects, unfortunately, also have the same inherent flaws in the current altcoin market.  So lets give CinniDev a chance to connect with the valid concerns our community has.  It is the least we can do...

From an "outsiders" perspective, I can see where you are going, but a Dev who has access to the Developers of multiple high value bts-based chains is going to have a hard time producing something lacking significant value. 

Also, it is important to note that sharedropping goes BOTH WAYS.  It is entirely likely that the Devs who come from altcoin cryptos and honor AGS/PTS will also find themselves (and their shareholders) being honored later on by Devs working for Invictus.  At the very least it increases the likelihood...

This is where most people get lost.  They think of AGS/PTS as the only coins that can be "honored" for their contributions...If a Dev comes in here with a Killer App and sharedrops it on those who helped him/her make it possible, they could quite possibly put their "altcoin" and its holders in the exact same position as PTS/AGS holders with future chains.
Title: Re: TimeBank DAC
Post by: biophil on October 12, 2014, 04:57:45 pm
From an insider's point of view, the more shares are given to PTS, the better. From an outsider's point of view, having empty projects with no added value (CinniDev hasn't even tried to argue of what the added value of TimeBank could be...) just make us look silly.

Come on, we are in the adult business world, and it cannot work like that, we have to evaluate the value of things. Otherwise, we could also all join the dogeparty

We're in this weird intersection between what you call the "adult business world" and the cryptocurrency world. In Crypto, good projects get forked, with or without permission. Since BitShares is open-source, people are going to create copy-paste versions in which they make tiny parameter tweaks, and essentially add no value. There's nothing we can do about that.

So you have this one fact where we are going to get forked. We have no choice about that fact; it's here to stay. Since we're guaranteed to get forked, would you rather the copy-paste projects distribute to PTS or not? Would you actually prefer that they not distribute, for the sake of saving face in your so-called "adult business world?"
Title: Re: TimeBank DAC
Post by: inarizushi on October 12, 2014, 08:34:39 pm
I would prefer that they distribute to PTS/AGS holders, but in my opinion the bitshares community shouldn't give positive feedback and pretend such projects add value if they don't.
Title: Re: TimeBank DAC
Post by: fuzzy on October 12, 2014, 08:56:22 pm
I would prefer that they distribute to PTS/AGS holders, but in my opinion the bitshares community shouldn't give positive feedback and pretend such projects add value if they don't.

CinniDev is actually interested in honoring PTS/AGS (or so he told me).  As far as the value, that is why the community is given the ability to hangout with CinniDev, ask him hard questions (if necessary) and maybe even guide him in different directions if they feel there is a better way of moving forward. 

My only point here is that Devs are valuable.  Devs who want to build on your chain, create value and honor your holders...are worth keeping around--if there is a profit motive.
Title: Re: TimeBank DAC
Post by: pc on October 12, 2014, 08:57:31 pm
Would you actually prefer that they not distribute, for the sake of saving face in your so-called "adult business world?"

Interesting question. One might hope that clones that do not honour social consensus die quicker than those that do.
Title: Re: TimeBank DAC
Post by: biophil on October 12, 2014, 09:40:32 pm
I would prefer that they distribute to PTS/AGS holders, but in my opinion the bitshares community shouldn't give positive feedback and pretend such projects add value if they don't.

Oh, I get it. I'd totally agree with that. Here, I feel a tiny personal conflict between my desire to give honest feedback, and my desire to free-ride the next pump-and-dump that forks Bitshares. :)

Sent from my SCH-S720C using Tapatalk 2

Title: Re: TimeBank DAC
Post by: pawlo74 on October 15, 2014, 11:18:48 am
Just to remind, for people in here who do not treat Cinni seriously.


25 of April 2014, CinniCoin generated over $1,000,000 in a 24 hour period, coming in as the 4th largest traded crypto coin in the world (at that time), just under DogeCoin. Currently, CinniCoin is #35 on coinmarketcap generating a market cap of over $600,000.

(http://i.imgur.com/3TVSQZs.png)



He might show us yet, we'll see.
Title: Re: TimeBank DAC
Post by: testz on October 15, 2014, 11:42:41 am
Just to remind, for people in here who do not treat Cinni seriously.


25 of April 2014, CinniCoin generated over $1,000,000 in a 24 hour period, coming in as the 4th largest traded crypto coin in the world (at that time), just under DogeCoin. Currently, CinniCoin is #35 on coinmarketcap generating a market cap of over $600,000.

He might show us yet, we'll see.

Unfortunately it's doesn't show too much, I can give you a lot of examples like Auroracoin. Our community not looking for a nice coins, we are looking for innovations and added value.  :)
Hope CinniCoin with TimeBank DAC bring us what we like.

(http://cryptomining-blog.com/wp-content/uploads/2014/03/coinmarketcap-website.jpg)
Title: Re: TimeBank DAC
Post by: inarizushi on October 15, 2014, 09:17:31 pm
Just to remind, for people in here who do not treat Cinni seriously.


25 of April 2014, CinniCoin generated over $1,000,000 in a 24 hour period, coming in as the 4th largest traded crypto coin in the world (at that time), just under DogeCoin. Currently, CinniCoin is #35 on coinmarketcap generating a market cap of over $600,000.

(http://i.imgur.com/3TVSQZs.png)

He might show us yet, we'll see.

#35 in coinmarketcap ? in which world ? 1-click verifiable false claims don't make me want to treat you more seriously.

And who are you ? Cinni's multi account, aka Cinni himself ? Just a bet, but that would not surprise me at all, you seem have the exact same lack of maturity. Or are you supposed to be Cinni's assistant, doing the hard public relation job while he is restlessly developping the future of the world ?
Title: Re: TimeBank DAC
Post by: fuzzy on October 15, 2014, 09:30:28 pm
Just to remind, for people in here who do not treat Cinni seriously.


25 of April 2014, CinniCoin generated over $1,000,000 in a 24 hour period, coming in as the 4th largest traded crypto coin in the world (at that time), just under DogeCoin. Currently, CinniCoin is #35 on coinmarketcap generating a market cap of over $600,000.

(http://i.imgur.com/3TVSQZs.png)

He might show us yet, we'll see.

#35 in coinmarketcap ? in which world ? 1-click verifiable false claims don't make me want to treat you more seriously.

And who are you ? Cinni's multi account, aka Cinni himself ? Just a bet, but that would not surprise me at all, you seem have the exact same lack of maturity. Or are you supposed to be Cinni's assistant, doing the hard public relation job while he is restlessly developping the future of the world ?

We can hold a Dev Hangout to let everyone discuss this with CinniDev.  He has promised to get a mic and show up on mumble to answer people's questions.  I would honestly like to see this happen when Dan is there so we can get Dan's comments.  Who knows, CinniDev might be able to gain some insights from Dan that will enable him to build some value into the system that will benefit BTSX's ecosystem and do something that Invictus feels is a priority but that they currently must hold off on developing for lack of manpower. 

Please let us try to be constructive with these Devs...we are right now in a moment in time when the entire community can help us establish a means by which we are going to decide which projects are endorsed and those which are considered potentially dangerous for new investors...or the project on the whole. 

Let's work together to help figure these things out...
Title: Re: TimeBank DAC
Post by: pawlo74 on October 15, 2014, 11:21:50 pm
[...]
He has promised to get a mic and show up on mumble to answer people's questions.  I would honestly like to see this happen when Dan is there so we can get Dan's comments.
[...]

No way ! with Daniel Larimer ?

I feel sorry for Cinnidev  ;)

Can't wait.
Title: Re: TimeBank DAC
Post by: pawlo74 on October 15, 2014, 11:35:16 pm

And who are you ? Cinni's multi account, aka Cinni himself ?


Oh my god ! you got me now. Respect man you so clever  :o

PS
Shame that Bitshare forum has also so intolerant and  short-sighted members.
Fortunately that's very small minority.
Title: Re: TimeBank DAC
Post by: fuzzy on October 16, 2014, 01:17:29 am

And who are you ? Cinni's multi account, aka Cinni himself ?


Oh my god ! you got me now. Respect man you so clever  :o

PS
Shame that Bitshare forum has also so intolerant and  short-sighted members.
Fortunately that's very small minority.

It's not that they are shortsighted so much as they are protective.  There hasn't been a whole lot of love given here from people in the POW crowd...and even much of the POS crowd has been kind of difficult due to the craziness that NxT became.

It is important that everyone recognize we have these hangouts so people can ask tough questions and, most importantly, help CinniDev learn where he can best help the entire ecosystem. Let's see if we can try to do that instead of the alternative?

We have to understand that many chains are good for the protocol as a whole, which is why I (try) to advocate tolerance as much as possible, however...many clones are seen as pump and dumps that will give a negative impact on share price.  It is important that we recognize this. 

I'm honestly here for something other than money though.  Anyone who has been to war or has loved ones who have died for the lies these "elites" have sold us knows exactly what i'm talking about.
Title: Re: TimeBank DAC
Post by: oco101 on October 16, 2014, 02:38:58 am

And who are you ? Cinni's multi account, aka Cinni himself ?


Oh my god ! you got me now. Respect man you so clever  :o

PS
Shame that Bitshare forum has also so intolerant and  short-sighted members.
Fortunately that's very small minority.

They are not intolerant I fully agree with inarizushi and your did not address this false claim :
 
Currently, CinniCoin is #35 on coinmarketcap generating a market cap of over $600,000.

But don't bother even if is true it does not mean anything like Testz pointed out
Until Cinnidev show us a solid plan and a business model for his DAC, there is no point on wasting Daniel time on talk about  altcoins and vaporware. By the way I was there in that Dev Hangout with Cinnidev ... but guess what he did't have a mic.....

Ohh and to be clear I'm not implying that Cinnidev does not have a solid plan, but for now there is nothing there but a vague idea that sounds like an altcoin or like kind of BitshareX clone.  Until there is something more to show, don't expect the forum to give this altcoin love. And please do verify what you are saying  before posting false claims.
Title: Re: TimeBank DAC
Post by: pawlo74 on October 16, 2014, 05:23:54 am
First of all I am not claiming anything. This is what I found on Cinni's Facebook site. I can not paste link though.
If inarizushi claims I am Cinnidev means to me inarizushi is some kind of paranoid person because his claim is false for sure and this is his claim.

I am here to verify if that what Cinnidev is trying to do has any value and chance for success. I said in the end of my post "we'll see".

Here because I trust this forum. Bitshres Forum is like an island in the sea of scam to me.

fuzzy thank you for you comment appreciated.
Title: Re: TimeBank DAC
Post by: fuzzy on October 16, 2014, 03:55:36 pm

But don't bother even if is true it does not mean anything like Testz pointed out
Until Cinnidev show us a solid plan and a business model for his DAC, there is no point on wasting Daniel time on talk about  altcoins and vaporware. By the way I was there in that Dev Hangout with Cinnidev ... but guess what he did't have a mic.....


First off, I agree with Oco101 with regard to potentially taking dan's time with something like this.  However, we are really at a stage where new clones are bound to happen and my reason for proposing it is to get the "Master's" opinions on how to add value in a way that doesn't conflict with Invictus' current plans.  It's kind of like going to Bruce Lee for his advice on how to start your own Dojo...it is not only a perfect way to do it right the first time, but an inspiration to look up to someone of such Giant Stature. 

It is also the communities duty, imho, to help figure out a good way to vet projects as we move forward--so we can protect each other from scams.  As far as Cinni not having a mic.  Once again...I agree 100%.  He needs to get a mic and he needs to talk to the community--a point I have reiterated multiple times.  I am thankful for your efforts, but please dont forget I am here first and foremost for the community and to help Dan because, like pawlo said:

Here because I trust this forum. Bitshres Forum is like an island in the sea of scam to me.

fuzzy thank you for you comment appreciated.

you are welcome, but always remember I'm absolutely crazy when it comes to protecting these people...because they are perhaps some of the most genuine people I've ever met and we are first and foremost trying to change the world (riches will come in MANY forms then). Please don't take it hard if they slap you with some genuine skepticism.  I am sure you will prove your worth...and when you do, you will be welcomed with open arms.
Title: Re: TimeBank DAC
Post by: oco101 on October 16, 2014, 06:01:46 pm
It's kind of like going to Bruce Lee for his advice on how to start your own Dojo...it is not only a perfect way to do it right the first time, but an inspiration to look up to someone of such Giant Stature. 

You had me at Bruce Lee !!! I agree, want I'm saying is would be cool to have more info, some kind of white paper if not at list a business model, the he can go to the master :)  And yes you right about the clone for sure they are coming and they are welcome too, although I don't really see the point right know to make a clone of BitshareX. There are so many originally idea that a dev could do with the Bithsare Toolkit like i.e Bitshares Ebay I'm pretty sure such a project will just get all the support right from the beginning.
Title: Re: TimeBank DAC
Post by: donkeypong on October 16, 2014, 06:47:03 pm
I must have missed something. Are these guys honoring the BitShares Social Consensus? No? With all due respect to Fuzz and all your wonderful, unsung efforts to improve this world, if Cinni is walking off with this technology without thanking this community, then screw 'em. There are times to be touchy-feely-friendly and cooperate with other coin communities. And there are times to stand up for this community and demand greater respect.

Two choices, Cinni:
(1) Drop 10%+ each on AGS and PTS holders, honoring the BitShares Social Consensus and respecting the developers/investors who have put in their time, money, and determination to help build this toolkit.

OR

(2) Float your coin as an asset on the BitShares X chain.

You do neither, then I don't care if you're using DPoS. You're not a part of BitShares and you don't deserve any help with your shitcoin from us. That's not me being selfish or nasty. That's me standing up for this community, which I think deserves real respect from you.
Title: Re: TimeBank DAC
Post by: biophil on October 16, 2014, 07:11:42 pm
I must have missed something. Are these guys honoring the BitShares Social Consensus? No? With all due respect to Fuzz and all your wonderful, unsung efforts to improve this world, if Cinni is walking off with this technology without thanking this community, then screw 'em. There are times to be touchy-feely-friendly and cooperate with other coin communities. And there are times to stand up for this community and demand greater respect.

Two choices, Cinni:
(1) Drop 10%+ each on AGS and PTS holders, honoring the BitShares Social Consensus and respecting the developers/investors who have put in their time, money, and determination to help build this toolkit.

OR

(2) Float your coin as an asset on the BitShares X chain.

You do neither, then I don't care if you're using DPoS. You're not a part of BitShares and you don't deserve any help with your shitcoin from us. That's not me being selfish or nasty. That's me standing up for this community, which I think deserves real respect from you.

They are honoring the social consensus: https://bitcointalk.org/index.php?topic=573232.msg9202557#msg9202557
There's your answer. (caveat: he seems to have made a math error and his exact numbers need to be corrected to hit 10%/10%, but I think that was just oversight.)

To all the rest of the angry BitShares people who have been so hostile towards Cinni, please think about what you're doing! Whether Cinni turns out to be innovative or not, it is pioneering the process of forking BitShares and doing it exactly right: they're honoring the social consensus. If the very first consensus-honoring BitShares fork is turned away with tribalistic sneers and jeers and allegations of "scam" and "shitcoin," why do you think any other dev would waste his or her time honoring the social consensus?

Cinni is setting an important precedent for BitShares forks: Honor the Social Consensus.

BitShares community, Please do not set a precedent of hostility towards coins that freely offer to honor the social consensus!
Title: Re: TimeBank DAC
Post by: donkeypong on October 16, 2014, 07:14:08 pm
OK, so I was mistaken. I haven't had the time or interest to search through their materials and I had not seen any promise here to honor the Social Consensus, but glad if that is the case.  If they are honoring the Social Consensus, then I retract my earlier post. Maybe they're okay after all!
Title: Re: TimeBank DAC
Post by: mf-tzo on October 16, 2014, 07:28:44 pm
This is really good news! This is what we want! People using BitsharesX toolkit and honor PTS-AGS. We should all support Cinni!
Title: Re: TimeBank DAC
Post by: oco101 on October 16, 2014, 08:20:54 pm
I must have missed something. Are these guys honoring the BitShares Social Consensus? No? With all due respect to Fuzz and all your wonderful, unsung efforts to improve this world, if Cinni is walking off with this technology without thanking this community, then screw 'em. There are times to be touchy-feely-friendly and cooperate with other coin communities. And there are times to stand up for this community and demand greater respect.

Two choices, Cinni:
(1) Drop 10%+ each on AGS and PTS holders, honoring the BitShares Social Consensus and respecting the developers/investors who have put in their time, money, and determination to help build this toolkit.

OR

(2) Float your coin as an asset on the BitShares X chain.

You do neither, then I don't care if you're using DPoS. You're not a part of BitShares and you don't deserve any help with your shitcoin from us. That's not me being selfish or nasty. That's me standing up for this community, which I think deserves real respect from you.

They are honoring the social consensus: https://bitcointalk.org/index.php?topic=573232.msg9202557#msg9202557
There's your answer. (caveat: he seems to have made a math error and his exact numbers need to be corrected to hit 10%/10%, but I think that was just oversight.)

To all the rest of the angry BitShares people who have been so hostile towards Cinni, please think about what you're doing! Whether Cinni turns out to be innovative or not, it is pioneering the process of forking BitShares and doing it exactly right: they're honoring the social consensus. If the very first consensus-honoring BitShares fork is turned away with tribalistic sneers and jeers and allegations of "scam" and "shitcoin," why do you think any other dev would waste his or her time honoring the social consensus?

Cinni is setting an important precedent for BitShares forks: Honor the Social Consensus.

BitShares community, Please do not set a precedent of hostility towards coins that freely offer to honor the social consensus!

Spot on, however I think it is important for the Bishare forks developers to get the support of the community, therefore Fuzz idea to invite him on the hangout.

Did not know that all the  talk and information about this coin is on bitcointalk.org so I retract my earlier comments regarding no information and vaporware. Did he mention somewhere in this forum that we can find all the details on bitcointalk.org ?
For the rest I don't think is too much to ask from a developer to clearly show how his  DAC will function and if he has a business plan .  Also If there are any false claims there is nothing wrong if they are pointed out claims such as "CinniCoin is #35 on coinmarketcap generating a market cap of over $600,000". 
Just to clarify it is true that Bitshare was never forked, but the Social contract was already honored by FreeTrade with Lottoshares.
Title: Re: TimeBank DAC
Post by: inarizushi on October 16, 2014, 09:33:31 pm
I must have missed something. Are these guys honoring the BitShares Social Consensus? No? With all due respect to Fuzz and all your wonderful, unsung efforts to improve this world, if Cinni is walking off with this technology without thanking this community, then screw 'em. There are times to be touchy-feely-friendly and cooperate with other coin communities. And there are times to stand up for this community and demand greater respect.

Two choices, Cinni:
(1) Drop 10%+ each on AGS and PTS holders, honoring the BitShares Social Consensus and respecting the developers/investors who have put in their time, money, and determination to help build this toolkit.

OR

(2) Float your coin as an asset on the BitShares X chain.

You do neither, then I don't care if you're using DPoS. You're not a part of BitShares and you don't deserve any help with your shitcoin from us. That's not me being selfish or nasty. That's me standing up for this community, which I think deserves real respect from you.

They are honoring the social consensus: https://bitcointalk.org/index.php?topic=573232.msg9202557#msg9202557
There's your answer. (caveat: he seems to have made a math error and his exact numbers need to be corrected to hit 10%/10%, but I think that was just oversight.)

To all the rest of the angry BitShares people who have been so hostile towards Cinni, please think about what you're doing! Whether Cinni turns out to be innovative or not, it is pioneering the process of forking BitShares and doing it exactly right: they're honoring the social consensus. If the very first consensus-honoring BitShares fork is turned away with tribalistic sneers and jeers and allegations of "scam" and "shitcoin," why do you think any other dev would waste his or her time honoring the social consensus?

Cinni is setting an important precedent for BitShares forks: Honor the Social Consensus.

BitShares community, Please do not set a precedent of hostility towards coins that freely offer to honor the social consensus!

If he had shown up with anything else than a shitcoin (well, shitshares), he would have been welcomed with fireworks. Here, he whales himself 80% of the shares of a bitshares X clone with no apparent value, and doesn't even try to justify his project. That doesn't deserve a strong support of the community, because it quite obviously has no value.
Title: Re: TimeBank DAC
Post by: fuzzy on October 16, 2014, 10:10:07 pm
I must have missed something. Are these guys honoring the BitShares Social Consensus? No? With all due respect to Fuzz and all your wonderful, unsung efforts to improve this world, if Cinni is walking off with this technology without thanking this community, then screw 'em. There are times to be touchy-feely-friendly and cooperate with other coin communities. And there are times to stand up for this community and demand greater respect.

Two choices, Cinni:
(1) Drop 10%+ each on AGS and PTS holders, honoring the BitShares Social Consensus and respecting the developers/investors who have put in their time, money, and determination to help build this toolkit.

OR

(2) Float your coin as an asset on the BitShares X chain.

You do neither, then I don't care if you're using DPoS. You're not a part of BitShares and you don't deserve any help with your shitcoin from us. That's not me being selfish or nasty. That's me standing up for this community, which I think deserves real respect from you.

They are honoring the social consensus: https://bitcointalk.org/index.php?topic=573232.msg9202557#msg9202557
There's your answer. (caveat: he seems to have made a math error and his exact numbers need to be corrected to hit 10%/10%, but I think that was just oversight.)

To all the rest of the angry BitShares people who have been so hostile towards Cinni, please think about what you're doing! Whether Cinni turns out to be innovative or not, it is pioneering the process of forking BitShares and doing it exactly right: they're honoring the social consensus. If the very first consensus-honoring BitShares fork is turned away with tribalistic sneers and jeers and allegations of "scam" and "shitcoin," why do you think any other dev would waste his or her time honoring the social consensus?

Cinni is setting an important precedent for BitShares forks: Honor the Social Consensus.

BitShares community, Please do not set a precedent of hostility towards coins that freely offer to honor the social consensus!

If he had shown up with anything else than a shitcoin (well, shitshares), he would have been welcomed with fireworks. Here, he whales himself 80% of the shares of a bitshares X clone with no apparent value, and doesn't even try to justify his project. That doesn't deserve a strong support of the community, because it quite obviously has no value.

Can anyone do some analysis of how many coins he holds or is there a way to find out? And does it matter? Im not sure...it could POTENTIALLY hurt trust in the community, however if he does something innovative that future chains can adopt, it might be a orice worth paying.  We are all here watching history in the making so lets keep this convo up until we figure out the best practice on dealing with ethical clones.  But first we have to define ethical..in this case.
Title: Re: TimeBank DAC
Post by: zerosum on October 16, 2014, 10:21:06 pm
ahhhh

since when 1.5 of 18 is >= of 10%...


Seeing hi math... and the fact that finding a microphone is 2-3 week job, am totally scared to think what kind of code he will produce... hope I am wrong but nothing up to now to make me think anything good is coming out of this deal....



Quote
1) When is the snapshot?
This snapshot will be on November 1st
Quote
2) What coin is the snapshot for (e.g., Cinni 2.0 or TimeBank)
This snapshot will be for Cinni 2.0
Quote
3) What are the coin totals for the new coin and snapshot ratios for Cinni 1.0 and PTS/AGS?
Cinni's total coins about 15 million, 1.5 million for Bitshares PTS and 1.5 million for Bitshares AGS
so about 18 million total coins.
Quote
4) Which exchanges (if any) will be honoring the snapshot?
Mintpal wants to participate in the snapshot.
Title: Re: TimeBank DAC
Post by: biophil on October 16, 2014, 10:24:58 pm
I must have missed something. Are these guys honoring the BitShares Social Consensus? No? With all due respect to Fuzz and all your wonderful, unsung efforts to improve this world, if Cinni is walking off with this technology without thanking this community, then screw 'em. There are times to be touchy-feely-friendly and cooperate with other coin communities. And there are times to stand up for this community and demand greater respect.

Two choices, Cinni:
(1) Drop 10%+ each on AGS and PTS holders, honoring the BitShares Social Consensus and respecting the developers/investors who have put in their time, money, and determination to help build this toolkit.

OR

(2) Float your coin as an asset on the BitShares X chain.

You do neither, then I don't care if you're using DPoS. You're not a part of BitShares and you don't deserve any help with your shitcoin from us. That's not me being selfish or nasty. That's me standing up for this community, which I think deserves real respect from you.

They are honoring the social consensus: https://bitcointalk.org/index.php?topic=573232.msg9202557#msg9202557
There's your answer. (caveat: he seems to have made a math error and his exact numbers need to be corrected to hit 10%/10%, but I think that was just oversight.)

To all the rest of the angry BitShares people who have been so hostile towards Cinni, please think about what you're doing! Whether Cinni turns out to be innovative or not, it is pioneering the process of forking BitShares and doing it exactly right: they're honoring the social consensus. If the very first consensus-honoring BitShares fork is turned away with tribalistic sneers and jeers and allegations of "scam" and "shitcoin," why do you think any other dev would waste his or her time honoring the social consensus?

Cinni is setting an important precedent for BitShares forks: Honor the Social Consensus.

BitShares community, Please do not set a precedent of hostility towards coins that freely offer to honor the social consensus!

If he had shown up with anything else than a shitcoin (well, shitshares), he would have been welcomed with fireworks. Here, he whales himself 80% of the shares of a bitshares X clone with no apparent value, and doesn't even try to justify his project. That doesn't deserve a strong support of the community, because it quite obviously has no value.

Have whatever opinion you want but I can't possibly agree with you. First, you are throwing around numbers which are certainly inaccurate, possibly severely misleading. You say the cinni dev is getting 80% of the stake, but that is certainly false since he's not the only holder of cinnicoin. You're making accusations based only on numbers that you made up.

Second, how can you possibly know that the project has no value? At the very least, it will be another instance of DPOS on a differently-distributed DAC, which will be invaluable as a test bed. The more instances of DPOS, the more we learn about delegate management, voter participation, and possibly attacks - we need to learn all we can.

What justifies your scorn of bitshares clones? What do we possibly have to lose here?

Sent from my SCH-S720C using Tapatalk 2

Title: Re: TimeBank DAC
Post by: xh3 on October 17, 2014, 01:49:01 am
I must have missed something. Are these guys honoring the BitShares Social Consensus? No? With all due respect to Fuzz and all your wonderful, unsung efforts to improve this world, if Cinni is walking off with this technology without thanking this community, then screw 'em. There are times to be touchy-feely-friendly and cooperate with other coin communities. And there are times to stand up for this community and demand greater respect.

Two choices, Cinni:
(1) Drop 10%+ each on AGS and PTS holders, honoring the BitShares Social Consensus and respecting the developers/investors who have put in their time, money, and determination to help build this toolkit.

OR

(2) Float your coin as an asset on the BitShares X chain.

You do neither, then I don't care if you're using DPoS. You're not a part of BitShares and you don't deserve any help with your shitcoin from us. That's not me being selfish or nasty. That's me standing up for this community, which I think deserves real respect from you.

They are honoring the social consensus: ----
There's your answer. (caveat: he seems to have made a math error and his exact numbers need to be corrected to hit 10%/10%, but I think that was just oversight.)

To all the rest of the angry BitShares people who have been so hostile towards Cinni, please think about what you're doing! Whether Cinni turns out to be innovative or not, it is pioneering the process of forking BitShares and doing it exactly right: they're honoring the social consensus. If the very first consensus-honoring BitShares fork is turned away with tribalistic sneers and jeers and allegations of "scam" and "shitcoin," why do you think any other dev would waste his or her time honoring the social consensus?

Cinni is setting an important precedent for BitShares forks: Honor the Social Consensus.

BitShares community, Please do not set a precedent of hostility towards coins that freely offer to honor the social consensus!

If he had shown up with anything else than a shitcoin (well, shitshares), he would have been welcomed with fireworks. Here, he whales himself 80% of the shares of a bitshares X clone with no apparent value, and doesn't even try to justify his project. That doesn't deserve a strong support of the community, because it quite obviously has no value.

Have whatever opinion you want but I can't possibly agree with you. First, you are throwing around numbers which are certainly inaccurate, possibly severely misleading. You say the cinni dev is getting 80% of the stake, but that is certainly false since he's not the only holder of cinnicoin. You're making accusations based only on numbers that you made up.

Second, how can you possibly know that the project has no value? At the very least, it will be another instance of DPOS on a differently-distributed DAC, which will be invaluable as a test bed. The more instances of DPOS, the more we learn about delegate management, voter participation, and possibly attacks - we need to learn all we can.

What justifies your scorn of bitshares clones? What do we possibly have to lose here?

Sent from my SCH-S720C using Tapatalk 2

+5%  Show some love.  The more exposure for bitshares tech, the better. cinni has a different user base, so the end result is that new minds are being primed with the idea of delegation as a way to run an efficient block chain. Plus he is honoring the snapshot, and choosing to align himself with the bitshares brand.  This project only builds value for the bitshares brand.
Title: Re: TimeBank DAC
Post by: CLains on November 04, 2014, 04:18:59 pm
Saw price rising on Cinnicoin, is the snapshot announced?

https://coinmarketcap.com/currencies/cinni/
Title: Re: TimeBank DAC
Post by: pawlo74 on November 04, 2014, 04:38:07 pm
Saw price rising on Cinnicoin, is the snapshot announced?

https://coinmarketcap.com/currencies/cinni/

No, I don't think so, for now Cinnicoin is officially dead due to Mintpal crush.
Cinnidev is going to wait for answer from scammer  ;) for life  :)

I would rather say it's himself :) trying to buy some

Hello
I have tried to contact Mintpal many times but no one replies.
Personally I have ~700k Cinni stuck there. Have them there because I was buying from myself to create volume for Cinni a few weeks ago also bought alot more coins than I previously had. Then Mintpal stopped withdrawals in v2 so I couldn't get them out. And now they sent them on a wrong chain so I tried to contact them to fix it but no one working there replied.

Also I will be be traveling for about a week and won't have internet.
Title: Re: TimeBank DAC
Post by: CLains on November 04, 2014, 08:01:05 pm
Saw price rising on Cinnicoin, is the snapshot announced?

https://coinmarketcap.com/currencies/cinni/

No, I don't think so, for now Cinnicoin is officially dead due to Mintpal crush.
Cinnidev is going to wait for answer from scammer  ;) for life  :)

I would rather say it's himself :) trying to buy some

Hello
I have tried to contact Mintpal many times but no one replies.
Personally I have ~700k Cinni stuck there. Have them there because I was buying from myself to create volume for Cinni a few weeks ago also bought alot more coins than I previously had. Then Mintpal stopped withdrawals in v2 so I couldn't get them out. And now they sent them on a wrong chain so I tried to contact them to fix it but no one working there replied.

Also I will be be traveling for about a week and won't have internet.

Damn, sucks that he lost so much on Mintpal. Found some of his posts on bitcointalk as well,

hmm cinnicoin officially dead?
No
We will get through this.

Now mintpal have problems, Cinni still alive? However, according to the latest reports on @mintpal (twitter) it still take quite a long time before everyone gets their money (Cinni) back (if they will succeed). We can wait for it, or continue with building Cinni.

If, after a few months everybody will get there money back and we have all this time waiting, then that is waste of time.

Cinni dev, can you tell us more about the current situation Mintpal VS Cinni VS Snapshot?
The snapshot will need to be rescheduled to when we receive our Cinni from Mintpal since almost half of Cinni is there or atleast until Mintpal releases a list of peoples Cinni balances and peoples withdrawal addresses.
Title: Re: TimeBank DAC
Post by: fuzzy on November 05, 2014, 07:21:00 am
scams scams and more scams...

sucks CinniDev. Hope you get them back.