Currently the market is absorbing about $500K per week.

Including short-term speculation that's a quarter of what you suggested.
While I think that BTS would profit from your idea (what makes me like it, cause i'm in for the long term investment and liking your concepts), I fear it would have serious influence on the market value of pts. It may already have shown that today...

Could we spend $2 million per week.... not initially... but once we had it in the bank I would hire the best managers I could to put together teams dedicated to the following DACs:

0) BitShares
1) DomainShares
2) LuckyShares
3) VoteShares
4) Keyhotee Video / Voice / Chat
5) APShares
6) ... other DACS proposed on this forum.....
7) Mobile Clients...

You gonna hire like 100 people for each project, paying 10k/month to every one of them?
Those numbers seem ridiculous to me...

And how are you breaking the social contract?

Not yet, but if 100k new shares would be issued every week it would permanently inflate pts holdings.

Although mining Protoshares with the hardware at home doesn't make a lot of shares any more, some people (like donschoe, or me) still do it because they believe in future profits. The electricity is paid anyways, and (at least in here germany) there's a final bill at the end of the year. I don't believe many of those miners would take 30$ a month and buy btc to get more pts.
There are others who don't pay for electricity because they have a "all-inclusive" contract (at university residential for example).
So it really would leave the small guy behind.

I don't think you'd break the social contract, at least not in the beginning. If I had 1k pts now, I knew I would have 0.005% of every upcoming dac. With the new idea I get more for dacs developed in the next 4 years. After that, I get less.

Maybe the solution really is somewhere in having two assets. PTS decentralized as they were intended. AngelShares as Invictus fundraising but limited to 21 Millions, with a decreasing output every week.
In that way, no one can blame you for not honoring the social contract, because pts holders get at least 10% of every new dac.
Little guy can still mine pts for a while.
Invictus gets funds over a planned period of time, after which it should be able to work without that.
Value of pts isn't inflated.

Without the ability to (at least approximately) calculate profits, would people still throw that much money into mining pts?

I like the idea, but the switch has to be made very carefully. Maybe even with an eye on the current exchange prices...

you probably got those on different addresses, see my link 3 posts above

How much is this suppose to be: 1423232842 ?

142? I never had that much in my wallet nor mined that amount.

Or do we divide that number over 10 to get the total amount of memcoins we get?

8 decimals, 14 pts

Quote from: seraphim on December 10, 2013, 04:13:59 pm

you might want to move your whole balance to one address before so you don't have to handle multiple keys. just create a new one and send everything there.

This is good advice.

i forgot to mention that you have to do this before block 32000 (obviously)!

Rather than every new DAC having an import routine for PTS, it'll probably be simpler for PTS to have an export routine that creates wallets for the DACs that come online.

That's a nice idea!