page 2 missed the comment on page 1?

Quote from: toast on March 10, 2014, 06:23:28 pm

Quote from: MktDirector on March 10, 2014, 05:51:14 pm

yes, I'm proably going to not show people going "poof" but rather just the other expenses.  And this pile of money will go to a whole crowd of people, as I said in the script, so it won't be just one guy.  Daniel suggested changing the name of the guy to "customer" from "shareholder" which is probably a good idea, although we know both will win with BitShares.

Employee turns into shareholder (and the stuff around him turns from work-stuff to leisure-stuff), customer stays customer. Both get more dollars.

And now that I think about it, why not just remove the labels altogether during the transformation? There's not a clear difference between employee, shareholder, or customer. Everyone is a knowledge worker who works with his shares.

Bachelor's in Mechanical Engineering from Kettering University (formerly GMI) 

Early adopter, overly-ambitious thinker & dreamer, member of Team Viral: https://bitsharestalk.org/index.php?topic=3490.0 

Entrepreneur and advisor for the indoor farming industry by night. 

Program Manager for an automotive manufacturer by day. 

I get a kick out of learning new things and have been researching the cryptocurrency ecosystem for the past 4 months. 

I tweet: @brianfalther (tying this account to my true identity to uphold my reputation and hold myself accountable for what's said)

Here to watch the birth and growth of a true economic paradigm shift.

E-mail with contact info set, keep me in the loop!

Quote from: luckybit on March 10, 2014, 02:52:09 pm

Quote from: heyD on March 10, 2014, 08:10:45 am

Thanks for your frank explanation. Judging from the great differences between the original strategy and the one implemented under your leadership, I feel so grateful that you are in charge now, abandoned the POW.

My question :
The unspent pts/btc through AGS donation can get huge amounts of bts. How will you spend these bts ? The DACs R&D or 3I investors (Bitfund.pe and Mr Li) profit ?

This is a good question.

Any gains from AGS donations ("eggs" from the PTS "golden geese") are also reserved to grow the industry, not for Invictus.  Thus, there are now PTS-generated XTS "eggs" in the development fund that can be used to pay for more development and promotions.  Invictus has promised not to directly profit from these geese or the eggs they lay.  If we can grow the value and number of the golden eggs in this basket faster than we spend them, then the industry will have a perpetual flywheel to keep it going and growing.  Another reason to weigh when and how to responsibly use these assets.

Meanwhile, Invictus owns its own supply of PTS and AGS "geese" (earned by mining, purchasing and donating our own funds) and XTS "eggs" which will grow the same way for our investors as we work to grow their value for everybody.

Thus, when somebody says III "doesn't care" about about the value of any of these products, it should be clear that they have no understanding of how we are structured or how we have worked to keep our own incentives aligned with those of the rest of the community.

I like the "geese" analogy for PTS, you could explain that to a 5 year old.

I love how the forum has calmed down in the past few days.
For the most part, people are talking courteously, the way they would face-to-face, not hiding behind a keyboard lobbing grenades.

Great quote too.

Done and done!

Brian, thoughts?
https://github.com/nmushegian/invictus-FAQ/blob/master/FAQ.md

Nice work guys!

Might be worth noting people will probably ask: "how many [PTS, AGS, XTS] are there?"

...folks are starting to get used to this whole limited supply thing.

Of course I'm in!