Long term value of PTS cannot be defined just by the value of PTS. Remember, PTS gives you a share in other exciting technologies. For instance, it's possible that a year from now, PTS is trading at 0.01BTC, around the current rate. Does that mean that was the long term rate of PTS? No, because in a year, most likely, you'll have Bitshares out and perhaps they are trading at 0.1BTC.

The value of PTS depends on whether you hold them before or after another Invictus DAC is released. Each time such a DAC is released, theoretically at least, you should see a price drop.

Quote from: ruletheworld on November 15, 2013, 12:43:28 am

Firstly, wonderful idea! I am definitely going to participate in this, both as a writer and speculator. A few questions though -
1. Are articles supposed to be original to this DAC or can anyone submit an already published work?
2. How will you handle plagiarism?
3. Are the articles going to be posted somewhere, like on a web-interface through the DomainShares perhaps?

The DAC doesn't deal with plagiarism at all... 
Articles would be reproduced everywhere, but they would all link back to the same item in the block chain to maximize its growth.
The DAC doesn't care about copyright

The DAC will focus on content and the value of that content regardless of who created.

Right, but that seems fair for newly generated content only.

For example, you have written an article on LetsTalkBitcoin about DACs. I shouldn't be able to submit the same article to the system and profit off of it under my name. Same goes with the work of other writers out there - I shouldn't be able to just steal their works, put it into this system and profit off of it.

Firstly, wonderful idea! I am definitely going to participate in this, both as a writer and speculator. A few questions though -
1. Are articles supposed to be original to this DAC or can anyone submit an already published work?
2. How will you handle plagiarism?
3. Are the articles going to be posted somewhere, like on a web-interface through the DomainShares perhaps?

Quote from: ruletheworld on November 14, 2013, 11:52:07 pm

Quote from: phoenix on November 14, 2013, 06:25:20 pm

If there's going to be multiple bitshares chains that honor protoshares then I'm definitely not going to sell out, they're far to valuable. A few protoshares times several bitshares chains = a whole lot of bitshares 

Exactly, although remember that they're unlikely to release several bitshares chains and if there's a competition from someone else, they're unlikely to honor protoshares unless they hold a LOT of protoshares themselves. But it's not just bitshares, there are other DACs in the future too.

Well, there is a social contract, if we don't honor it someone can fork BItShares and honor it and then get the entire PTS community leaving our attempt to breach that contract in the dust.

Right, but the social contract is for BitShares. Why would you create a separate clone of BitShares as a competing blockchain? If someone does create a competing version of BitShares, they are unlikely to be Invictus and they're unlikely to use ProtoShares, perhaps they'll create their own version of ProtoShares.
I am just saying it's unlikely for "multiple bitshares chains that honor protoshares"

Quote from: liberman on November 14, 2013, 10:33:33 am

Recent increases in PTS mining difficulties means bassically that many of the supporters of this project are going to get practically nothing.
With a modern CPU (i7) we can now get around 2-5 PTS a day. That is NOTHING.
Now tell me how we could operate on bitshares or keyhotee if even to acquire a simple name you need 100PTS?
And if we have to exchange or buying anything using Bitcoin, oh boy, this is the most expensive service ever created. 0.25BTC for a single name or 0.01BTC for 1PTS?

There is no way this can work, and you're now starting to lose supporters because of your greed.

2-5 PTS/day at current prices is on a low end $6-15/day. A modern i7 CPU Haswell k costs $330 + barebones for the rest of the system costs $300 as a high end estimation.

So your telling me worst case a 130 day return is a bad investment. Lets assume even you pay $0.50/kw and your system uses 200 watts. That is $2.40 in electricity a day on an extremely high end assumption. So your making worst case $4.40/day with $630 of costs + lets assume $100 in other costs for taxes on purchases ect.

Thats still a 6 month return = still an amazing return.

Not that I really agree with the OP, but your analysis is flawed by the fact that the difficulty isn't going to remain at these levels for 130 days/6 months. Besides, the prices can fluctuate wildly in that period of time. 6 months is too long for an idea like Protoshares.

Quote from: cassiopaia on November 11, 2013, 04:49:21 pm

want to buy as well

want to buy 2000+ PTS for 0.0015BTC each. email me if you want to sell (dong77@gmail.com)

You should check out the latest prices, just to be realistic and not get your hopes too high of making a sale. Just a suggestion

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