Quote from: Shentist on September 28, 2014, 05:27:56 pm

Quote from: Mysto on September 28, 2014, 05:24:42 pm

Quote from: 38PTSWarrior on September 28, 2014, 04:59:09 pm

Your PTS will give you shares in this DAC, or do you mean something else?

Yes but how do the shares make money? In other words how does the DAC make a profit to pass on to the shareholders.

just read the first post in this thread.

Quote

2.2.2 Artistcoins
An artist can decide to create his own coin and start selling them to his fans to fund his career. The artist sets the price of his coin and sells it just as he would sell a baseball card. A limited edition digital token with his name and/or his face on it. These newly created, limited edition artistcoins are now distributed throughout the artist’s fanbase and himself. The income generated by his fans buying up the artistcoins will go straight to his wallet, directly funding his career just like kickstarter would. Only, as we will see below, this type of kickstarter is superior in many ways.
Every time a song is sold on PeerTracks.com, a certain % of that income goes into the market and buys up the lowest ask of that artistcoin, effectively cashing out the seller. That artistcoin is “burned” (taken out of circulation). This mechanism achieves the following:
pays the artist for his content
increases liquidity in that artistcoin (paying off the artistcoin seller)
increases demand in that artistcoin
reduces supply of that limited edition artistcoin
The last three points are what can cause a price increase in that artistcoin.
The more music an artist sells on PeerTracks, the more liquid his artistcoin is. Since every song sale is actually a buy order on the books.
If a user purchased a certain artist’s coin and the artist starts selling songs and albums on PeerTracks, that coin is now worth more than when it was purchased. It is in that user’s self-interest to share and promote this artist’s music in order to reap maximum benefit from the holding of that artistcoin. In other words, the fans are incentivized to generate more music sales for the artists they hold artistcoins of.

That describes how the artistcoin will make money not the DAC.
So will PTS holders be given 10% of all artistcoins? Or will the DAC charge a fee for creating an artistcoin?

No you'll not get artiscoins as a PTS holder, you'll get Notes, how many notes we don't know yet.  Notes will make money to shareholders in the same way as BTSX makes money to shareholder right now. But let's wait on Cob final distribution and plan.

Brilliant !!!!  That's music revolution !!!! Great job !!!

ibery then capital appreciation though.

Anybody got a link explaining the distribution of those NuShares ?

http://discuss.nubits.com/t/undistributed-nushares/125

Here's the down low on distribution of NuShares:

http://discuss.nubits.com/t/undistributed-nushares/125

By Jordan Lee:

Quote

Though many of you are already aware of everything I will say here, it should be said here for those who are not yet aware and those who will read it in the future.

The following rules regarding the use and sale of undistributed NuShares will be followed:

Though undistributed NuShares minted blocks to bootstrap the network, they will never again be used for minting or voting.
Dividends will be paid to undistributed NuShares just like other NuShares. These Peercoins will be used for development similar to the proceeds of NuShare sales.
The first 700 million undistributed NuShares will be sold for a total of not more than 1.5 million NBT. This includes seed funding received last January.
The last 300 million undistributed NuShares (plus a small amount that were minted during network bootstrapping) will be sold for a total of not more than 5 million NBT

For now an unknown amount of the first 700million NuShares have been distributed to seed funders (and developers I guess?), and the shares will be sold in lots of 5 million.

Undistributed NuShares will be sold in lots typically 5 million in size to people who have demonstrated skills that will be helpful to the advancement of the network. We are in a sense
picking business partners. People will need to contact us via Bitmessage
at BM-2cX8PF84t2uhvtWE9E387V2f5Fz5iF8uUj to be screened. 5 million
NuShares are presently 9,000 NuBits, or 0.0018 NBT per NuShare.

This post answer pretty well your question : https://bitsharestalk.org/index.php?topic=9199.0

Quote from: bitcoinba on September 22, 2014, 07:01:10 pm

Seems like Counterparty has the advantage already: http://www.wired.com/2014/07/overstock-and-cryptocurrency/

Nah, that was just how that particular article was framed. From what I've heard Overstock had been in talks with NXT before that, and I believe BitShares has had talks with them as well (not sure how in depth, though).

Personally, I feel the timing may be right, what with Bitshares holding the #4 spot firm and the ridiculous advantages Bitshares has in this space (esp. the name alone, which I will forever believe is Bitshares' #1 marketing tool and leg-up over the competition). Also, the coincidence that both Dan and Patrick are 2 of the 4 keynote speakers at this event...sounds like a match made in heaven to me!

You right it would be fun except :

I know nothing about this.

  I believe those who produce most efficiently should be paid dividends at a proportional rate of efficiency with respect to the rest of the network.  Therefore, the farmers who inject more resources into the network (share more information) - will see a greater return proportional to how much of the rest of the network uses that information.  As a whole - the entire autonomous food production platform will always strive in real time to grow as efficiently as physics allow.  Does that make sense?

Right there you solved the fraud problem. Let's say a farmer is faking the results he's tinkering with the sensors(there no way you can prevent that)so it will show that he's farming system is the most efficient. Now every farmer in the network will use that fake information but evidently it will not work. So how about, instead of paying dividends right a way the others farmers should confirm that information is genuine or not. Only if the information was working for say 30% of the farmer then you pay dividends. So in that way  there will be no incentives  to fake the results.
The way to do it in a blockchain probably will be akin to "Follow my vote" the farmers will vote if he sees that the information was useful for his system. I still don't see the need of a two tier approach or POG , what the farmers care is if the information help their systems to be more efficient.

ex :

Btsx/Btc= 0.0000729

in this example Btsx is the base and BTC is the quote. Basically it means how much you have to pay in units of the quote currency to buy one unit of the base currency

For example the bitUSD:BTSX market. Is the base currency USD and the quote currency BTSX?

bitUSD/Btsx the base is bitUsd and the quote BTSX

usd_balance = self.client.get_balance(self.name, quote)
btsx_balance = self.client.get_balance(self.name, base)

same as btsx/usd how many USD unit you pay to get one BTSX