And if Nubits do this ? 

Attempt to remain completely anonymous while negotiating the untrusted sale of shares through an encrypted messaging service?

It doesn't have to been seen as shutting down, but rather upgraded to a better technology and simplified genesis distribution model. The new asset could be called Seeds which combines AGS/PTS

Bitshares Seeds
SeedShares
BitSeeds
SeedShares

I've had this idea too, except I would just call the one proto unit a BitShare

Well I am for shutting down the mining of PTS to prevent miner dilution, I am concerned about a 20% cut of DACs going to the same set of entities that are locked in stone.  This is not much different than Apple or Google taking a 30% cut to be featured in their store. With PTS liquid, it at least allows new 'founders' into the system.

Is there a way we can stop mining but still keep PTS liquid?

It's never wise to sell on a downward pressure in something which has long term growth potential. BTC has long term growth potential and is at an all time low. It would be wise not to sell this year also because a lot of BTC has been stolen, Wall Street hasn't jumped in yet, mainstreet hasn't jumped in yet, 2000 BTC is millions of dollars worth of BTC.

In my opinion when it's worth enough that the interest on the BTC is enough to start hiring people then Bytemaster should trade BTC for BitBTC or BitUSD. If it's BitBTC then 2000 BTC is always 2000 BTC but you get interest. If it's BitUSD it doesn't make much sense at these prices.

When Bitcoin is at all time highs all of us are going to want that interest. The really interesting question is will the interest be in BitBTC or in BitUSD?

By all time low....you mean '10 month' all time low right? There is no invisible hand holding up the bitcoin price above $280. We all know mining is an eventual dead one.  No one here can guarantee bitcoin will ever go over $1000 again, or even $500.  For all we know, the fad has run its course, and no one cares about it anymore. Of course whether bitcoin rises are falls in the future is irrelevant as a question.  The question that matters when it comes to AGS funds is which of bitcoin or bitshares will be worth more relative to the other in the future.

With the recent BTC rally and BTSX weakness, I think the BTSX/BTC ratio will soon be turning in our favor. Now is a good time to at least partially divest.  Moving to bitBTC is a good idea to, will help support the system while earning a yield.

Remember, decentralization often has high costs.  Centralized companies and the blockchain can have symbiotic relationships.  Just because something theoretically could be decentralized, doesn't necessarily mean it should.  Especially for music - BitShares Music and Peertracks are trying to make a profitable company, not a one Currency to Rule Them All.

Anyways, I'm glad to hear that streaming will be offered.  Personally, I would like to see a free ad supported streaming version, and a paid ad free version.  Additionally, the user should have the ability to purchase a lossless high quality version.  And it would really be gravy if an artist can optionally offer resample permission with the purchase of a song, or with an additional fee.  That permission of course would be logged in the blockchain, and users with permission can be publicly verified.  I don't think artist sample clearance has been done before this simple and elegantly, and the ease of use may actually encourage good market behavior (and garner positive press)

Add supported free version: average quality MP3 files
Paid subscription: high quality MP3 or greater
Paid individual songs: highest quality, no loss of recorded information, always available for immediate download
Paid re-usage rights

I also think BitShares music is perfect for the 'blockchain referral program', similar to what MethodX has proposed elsewhere in the forum.  Artists who sign up other artists with PeerTracks get to receive a small cut of their friends fees - but this has to be done in a way that is mutually beneficial for all parties.  Perhaps segregating a cut of the network fees into a bonus pool, in which referers take a cut proportional to the popularity of their referred.  The bonus has to be big enough to incentive people inviting their friends, but not too big in which it creates a profits hierarchy.  No MLM, just good ole fashioned refer a friend.  I think you get the point for now, but if there is interest, we can extrapolate on this idea and brainstorm ways to make it work.

Anyways, we all know this has huge potential.  Lets make this thing work!

 

Toast,

Thank you for working as hard as you do. We all appreciate it, you should be sleeping right now.

My last rant was not directed at you specifically, but was rather to emphasize my point.  My rant was really aimed at the keepers of the purse strings.....

PLEASE HIRE A DEV OPS AND QA PERSON WITH AGS FUNDS.  VALUABLE TEAM MEMBERS ARE LOSING SLEEP BECAUSE OF AN UNNECESSARY LACK OF RESOURCES.

Thanks