it doesn't matter who mines them it matters who holds them while they appreciate.  Most of the major miners out there must turn around and sell their PTS to cover their expense

That's where you're wrong. It DOES matter who mines them. Because if you get 10,000 small guys mining a bit and making some coin they'll stick around and support your project. If you get 10 guys sucking up all the resources with vast cloud mining pools you'll have nobody to support you. As soon as the financial opportunity dries up those 10 guys will dump their PTS and move on. You'll end up being the leader of a broken down crypto experiment that nobody cares about any more.

If you don't get the wide base of supporters in the beginning your project is doomed. I hope you figure out some way to make it work. Maybe on the next DAC you should focus all your efforts on trying to make it accessible to the millions of CPU miners at home who don't want to compete with botnets. Figure out a way to block cloud miners and botnets and you'll become the king of cryptos.

Impressive, although without an exchange it is  hard to tell the price people is selling.

Let's see it go on Cryptsy or BTC-e first. Then we'll see how it holds it's value. It's easy to assign numbers when there is no official measuring stick.

I totally agree with you, I just don't see how you prevent people from doing that.   If you don't require GPUs or powerful hardware than its easy and very cheap to rent cloud computing capacity.   I think the only way you could do this is if you had people register to be miners before they can participate in the system and have per individual caps.  Then you'd have botnets and cloud farms having to hire warm bodies to expand the number of human miner identities they can be maxing out. Genuinely this is hard problem but I think we are making progress through experiments like PTS

I say you base it off IP address or hash rate. More than X number of connections coming from IP? Banned. Greater hash rate than Y? Banned. Make it interesting for the small guy for awhile so that he doesn't lose interest in mining a new coin. Let the cloud farmers stick to XPM or LTC.

It's not anyone's fault, it's just a fact that i missed the initial launch and with increasing difficulty over time i won't even be able to mine a hundred coins in a year

The amazing part (for me) was that it took less than 2 weeks. I figured there might be some mining opportunities here for a few months. As soon as the professional miners stepped in it was like that Southpark episode:

I'm trying to download

http://the-iland.net/static/downloads/ProtoShares-0.2.0.dmg

And, it just hangs and hangs for me. No download. Is the server down?

Anyone else having trouble?

Can you explain a bit about the process?

I applied for a Keyhotee ID.

I sent a payment in PTS.

What's next? Just wait till the New Year?