Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - 520Bit

Pages: 1 2 3 4 [5] 6
61
Anyway, the first day is good for the one who donate 500PTS for AGS, because 2270 PTS are the total amount on Jan 1st, 2014. The guy will get 500/2270*5000=1101.32 AGS, right? Even if 1AGS=0.8BTS eventually, the guy will get 1101.32*0.8 BTS=881.05 BTS. So he donate 500 PTS and get 881.05 BTS paid back, also a big deal.

Consider a worst-case condition, if 1AGS=0.5BTS finally ,the investor will get 1101.32*0.5BTS=550.66PTS eventually. What do you say?

62
Anyway, the first day is good for the one who donate 500PTS for AGS, because 2270 PTS are the total amount on Jan 1st, 2014. The guy will get 500/2270*5000=1101.32 AGS, right? Even if 1AGS=0.8BTS eventually, the guy will get 1101.32*0.8 BTS=881.05 BTS. So he donate 500 PTS and get 881.05 BTS paid back, also a big deal.

63
I think you misunderstood... new AGS dilutes old AGS just like new mined coins dilute older mined coins.

By our estimation when we launch BTS there will be about the same number of PTS and AGS in circulation.   In effect 1 PTS and 1 AGS will earn you about the same number of BTS... if we release early then AGS will be better, if we are late then PTS may be better. 

So lets say that you earned 2500 AGS by contributing half of all BTC on Jan 1.   Lets also assume that we launch BTS in 100 days at which point T=1M   Then you will end up with 5000 BTS as 2M BTS is divided among 1M AGS holders.   On that same day there will likely be 1.3M PTS which means PTS holders will see between 2/1.3x => 1.5 BTS per PTS.

I can't agree more. I believe AGS would have a great success and BTS would launch early!!!

64
General Discussion / You will be excited to AGS after seeing this thread
« on: January 02, 2014, 08:37:39 am »
I would like to give you a calculation for the AGS and BTS.

See below quote to get the background

Do AGS 1:1 map to BTS? For example, if one investor has 100 AGS, can he claim 100 BTS by 100 AGS? Or only 10%=10BTS? If only 10%, I do not think this is a good idea. Please clarify.

If Investor has X AGS out of T total AGS issued then they get   X/T * 2000000 BTC out of a total of 4M BTC.

Dan

The T should equal to 200M from the beginning of this thread, or still changing?

T = 20,000 today, grows by 10,000 per day.

Question:
If one investor has X AGS, how many BTS will he claim in the futhure?

Assumption:
The total AGS issued is T.

Solution:
Let say the investor will get Y BTS eventually.

Y=X/T*2000000 BTS.

Example:
Take Jan 1st, 2014 for example, the investor who donate 500 PTS for AGS, then how many BTS will he get finally?

Solution:

As bytemaster mentioned, T=20000 on Jan 1st, 2014. And the total PTS received in foundation PTS address are approximately 2270 PTS on Jan 1st, 2014. So the answer is simple:

X=500/2270*5000 AGS=1101.32 AGS

Then,

Y=X/T*2000000 BTS=1101.32/20000*2000000 BTS=110132 BTS

What amazing calculation! But is it true???

a) If III company only issue 20000 AGS, above calculation is correct and fantastic.
b) If III company issue 2000000 AGS eventually, then Y=1101.32 BTS.
c) If III company issue AGS more than 20000 and less than 2000000 eventually, what do you think? Let say issue 1000000 AGS finally, then Y=1101.32/1000000*2000000 BTS=2202.64 BTS.


So the investor throw 500 PTS and get 1101.32 BTS even far more than 1101.32 BTS paid back, what do you think?

In a word, the first day is a big deal for investors whatever how many AGS will issue finally.



How many AGS did you get on first day?



Wish BTS a great success in 2014!!!

65
BitShares AGS / Re: Repost: Announcing AngelShares & BitShares Allocation
« on: January 02, 2014, 06:17:09 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.

Quote
there will be 10,000 new AngelShares up for grabs in a new patron competition every day for 200 days.
5000 of them will be available to ProtoShare holders.
5000 of them will be available to Bitcoin holders. 
That's ultimately 2,000,000 total shares, just like ProtoShares.

This was never answered in the other thread.
10,000 + (10,000 * 200) != 2,000,000

One of the above numbers is wrong. Either there's 2,010,000 angelshares, or there will only be 199 days.

(5,000 AGS/PTS + 5,000 AGS/BTC) * 200 days = 2,000,000 AGS total

No, read the quote.

Quote
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.

bytemaster, please clarify

My understanding is,

'The first day' is everything before Dec 24, 2013.
'The second day' is everything from Dec 25, 2013 to Jan 1, 2014.
'The third day' is Jan 2, 2014.
'The fourth day' is Jan 3, 2014.

...

'The two-hundredth day' Jul 19, 2014.

Am I correct? Please advise.

66
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: January 02, 2014, 02:51:35 am »
Do AGS 1:1 map to BTS? For example, if one investor has 100 AGS, can he claim 100 BTS by 100 AGS? Or only 10%=10BTS? If only 10%, I do not think this is a good idea. Please clarify.

If Investor has X AGS out of T total AGS issued then they get   X/T * 2000000 BTC out of a total of 4M BTC.

Dan

The T should equal to 200M from the beginning of this thread, or still changing?

67
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: January 02, 2014, 02:45:20 am »
Do AGS 1:1 map to BTS? For example, if one investor has 100 AGS, can he claim 100 BTS by 100 AGS? Or only 10%=10BTS? If only 10%, I do not think this is a good idea. Please clarify.

68
I am in. Thanks.

69
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: December 26, 2013, 01:46:33 am »
One quick question, does it matter if I donate from a multi-address PTS/BTC wallet? Or do I have to donate from a single address PTS/BTC wallet? I experienced MMC 2.0 that single address was easy. Please advise.

It should not matter, we will have tools to import all keys from your PTS and BTC wallets.

Thanks, I have given my donation. When will the AngelShares client available? Is there a due date for the donation?

AngelShares are non-transferrable, but will turn into something transferrable when we launch BitShares in Q1 2014.   Everything received before the end of Jan 1, 2014 counts as part of the Jan 1, 2014 auction of 10000 AGS.   Currently have have 5000 AGS as you are the first PTS bidder!   After that every day is a fresh Auction.   We wanted to give people some time to digest the system before the daily auctions start that way everyone has equal opportunity.

Really, I am the first PTS bidder? I can't believe it, I just believe 3I company and the whole project. Looking forward to the good success of AGS. I would like to donate some BTCs later, does it make sense after I have donated the PTS?

70
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: December 26, 2013, 01:36:50 am »
One quick question, does it matter if I donate from a multi-address PTS/BTC wallet? Or do I have to donate from a single address PTS/BTC wallet? I experienced MMC 2.0 that single address was easy. Please advise.

It should not matter, we will have tools to import all keys from your PTS and BTC wallets.

Thanks, I have given my donation. When will the AngelShares client available? Is there a due date for the donation?

71
General Discussion / Re: Announcing Angel Shares & BitShares Allocation
« on: December 26, 2013, 01:25:05 am »
One quick question, does it matter if I donate from a multi-address PTS/BTC wallet? Or do I have to donate from a single address PTS/BTC wallet? I experienced MMC 2.0 that single address was easy. Please advise.

72
MemoryCoin / Re: Client doesn't sync after 0.8.54 update? Do this!
« on: December 19, 2013, 10:53:41 pm »
Good. It sync again. Thanks for your method.

73
BitShares PTS / Re: ★Giveaway I★ Claim your free PTS - rule inside
« on: December 19, 2013, 12:29:08 pm »
PaLEiDxX7UfvFotcoQyKVz2aymZUk5ULRw

Thanks very much.

74
Do not worry about China market. We can still buy PTS. I am a PTS fan, can't stand waiting for BTS launch. One Chinese website FYI.

www.btc38.com

75
BitShares PTS / Re: ★Giveaway I★ Claim your free PTS - rule inside
« on: December 19, 2013, 08:56:21 am »
PZtcQ6brf91kxmM52vdYxW8vXvw88W8zZr

Thanks, love PTS.

Pages: 1 2 3 4 [5] 6