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Messages - Lighthouse

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1
BitShares PTS / Re: [Megabounty Thread] Help Us Write the Protoshares Copy
« on: December 28, 2013, 04:16:53 pm »
Keyhotee is not a DAC, neither is Protoshares or Invictus.

Also I notice "Consensus" is lacking for the C - Is that not a more appropriate option?  Even Company has implications about structure that are not neccesarily correct assumptions in the future before us.

2
MemoryCoin / Re: Buying Big Amounts Of MMC with BTC
« on: December 27, 2013, 05:31:11 pm »
Can you define "big amounts"

What is your spending range in Bitcoin and what do you hope to acquire in MMC.

3
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: December 27, 2013, 05:30:16 pm »
Do the donations get cleared out every day? Or once you donate you will get Angel Shares every day?

Huh,
now THAT is an interesting idea.   Make the whole thing cumulative, rewards people who are either early or put in a lot of value.

Might be better to split Angelshares between PTS -> Daily Auctions vs. PTS -> Cumulative Daily Split based on proportional, all time investment.

4
MemoryCoin / Re: What are you trying to accomplish and how is it going?
« on: December 26, 2013, 08:41:45 pm »
I don't understand what the purpose of your coin is, Protoshares is backed by the value Invictus imbues into it by honoring it with distributions.   What do Memorycoins do that make me want to do anything but sell them for more than I bought them?

5
MemoryCoin / What are you trying to accomplish and how is it going?
« on: December 26, 2013, 01:30:30 pm »
In theory, I am an owner of Memorycoin.  I don't get it, why do I want to own this?  It has the advantages of bitcoin except it hemorrhages money with a portion of each block going to some random person who pitched their services and if selected is constantly being paid an unreasonably high salary if this currency winds up being anything valuable with no actual controls in place to make sure they're doing anything productive with their time besides being able to put on a dog and pony show for memorycoin holders.

What am I missing?

6
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: December 26, 2013, 01:25:03 pm »
Given that, my incentives suggest I should wait to invest because since total investment in Angelshares is capped per day, there's probably a lot of pent up demand that will be very impatient and maybe not think so much about the value they're getting for their investment, in their rush to invest.

Problem is, that's actually a disservice you're doing the people who want to help you reach your goal.  You're saying - Ok, I'm offering interest and you should all compete against each other to see who wants it most, but if tomorrow none of you show up I'm going to sell it all to Lighthouse for a dollar because those are the rules I invented!

If you designed this system to allow people with a lot of capital to invest in you, it's a loser.  It requires either minimum daily micromanagement or is basically picking pricing with a blindfold on.

7
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: December 26, 2013, 01:08:49 pm »
Are you keeping your policy for dealing with larger investors private?  I thought the reason AngelShares was created was because you had several people wanting to invest hundreds of thousands to millions of dollars with you, so while I think you can say Angelshares are about the little guy that's new, and what you actually said was you wanted to launch angelshares as soon as possible because people wanted to give you large amounts of money in exchange for a stake, which this does not seem to offer.

As a potential large investor in Angelshares, what type of process would I find if I contacted you asking this question per your response?

8
General Discussion / Re: An open proposal to the community and Brian/Dan
« on: December 26, 2013, 07:08:11 am »
You might be interested in this proposal currently circulating.


Application Specific, Autonomous, Self Boot-Strapping Consensus Platforms (And the DACs that live on them)
https://docs.google.com/document/d/1PBjrpMBViJh1-QrWJ80XMcQmhqcG3NhhoeSn0C_ML7Y/edit?usp=sharing

9
Keyhotee / Re: How many Founder IDs have been registered?
« on: December 26, 2013, 05:43:29 am »

We are in the process of auditing payments, but the number of people that submitted the form and were assigned a PTS or BTC address is about 650.

If everyone paid that is worth at least $100K for Invictus to develop Keyhotee.  If they can sell $100K worth of PTS without crashing the market.

They don't need to sell them, they should be paying bounties in PTS

Not all developers work for bounties or pts.  Most developers have bills to pay and those who want rapid development must understand that bounties don't get it done.




Sent from my iPhone using Tapatalk

Is it the bounty structure or just trying to do things too fast?  Bounties will take time, but you pay for results whereas to this point Invictus has had trouble hiring talent on spec and finding they don't deliver.  Have you changed hiring practices, or do you disagree with this assessment?

10
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: December 26, 2013, 05:40:07 am »
So each Keyhotee founder should get approximately 2 angelshares per PTS donated.

Which puts the initial valuation of Angelshares at about .01btc/ea

11
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: December 26, 2013, 05:38:52 am »
So you raised over 100BTC worth of PTS from something that is basically free for you to do, pretty successful initiative!

12
Keyhotee / Re: How many Founder IDs have been registered?
« on: December 26, 2013, 05:31:33 am »
We are in the process of auditing payments, but the number of people that submitted the form and were assigned a PTS or BTC address is about 650.

If everyone paid that is worth at least $100K for Invictus to develop Keyhotee.  If they can sell $100K worth of PTS without crashing the market.

They don't need to sell them, they should be paying bounties in PTS

13
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: December 26, 2013, 05:19:53 am »

Merry Christmas Keyhotee Founders!!
The first 10,000 AngelShares are set-aside proportionally for Keyhotee Founders.  Invictus Innovations shareholders are not eligible.  Donations to Keyhotee after Dec 24, 2013 at Midnight GMT don't count.
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Jan 1st, 2014 shall include all transactions sent to the Angel addresses in 2013.

Please can you elaborate on this.. Have the Angelshares for Keyhotee founders already been allocated based on Keyhotee ID contributions before dec 24th?

Nice gesture for early adopters who donated :)

Yes, what was the total number of founder IDs claimed, and how many PTS was raised in this way?

14
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: December 26, 2013, 05:13:22 am »
So it might just be better to dollar cost average the total amount you want to invest? Say I have $10,000. I spend half on bitcoins, half on pts then send in 1/200th bitcoin and pts in each day. Or is it better to send the entire amount in at once at go for the highest proportion sent in for that day.

I would suggest Invictus offers a service (for a small fee) to investors who would like to hand off a large amount of investment funds without having to try and micromanage daily investments.   Bytemaster, do you have any plans for how to address this issue?   If I for example wanted to invest 1000 PTS in angelshares, how could I efficiently do that without having to pay attention all the time to the address?  Seems like this is a method intended to service larger investors and yet it requires more hands-on management than Protoshares ever did.
That should be clearly stated because it would undermine the whole process if we did that.   

We will not recycle funds through the address.   

We need to find a way to address people we pay bounties to to reinvest without invictus being blamed.   


Sent from my iPhone using Tapatalk

15
General Discussion / Re: Is NXT legitimate?
« on: December 26, 2013, 05:10:21 am »
Quote
This is all I can find about ethereum. I am still reading, but it sounds very promising. Ravenshore, do you know more about ethereum?

I helped design the proof of work and some of the security issues with the turing complete transaction language. More details will be presented in Miami next year. Very large design team from the Bitshares, colored coin, and mastercoin communities also some major innovations with the wallet client.



I would be very interested in hearing more about ethereum, I read the papers on it and have been hoping Invictus picks that platform to develop, turing complete is very exciting.   

Any info you can share?

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