Quote from: barwizi on March 08, 2014, 07:30:17 pm

The Social contract is thus far optional

it is not optional if you fork bitshares code
https://github.com/InvictusInnovations/BitShares/blob/master/LICENSE.md

if you create your own 3rd party DAC, with no bitshares code, then yes it is optional - but you get the above listed benefits if you choose to distribute according to the SC.

the sheer percentages in question are alarming for those who know what they are doing and study the situation. parse the blockchain, tell me if honouring the SC works for the dev and little people or the huge holders? most have less than 500 PTS, but 1% of the community holds 70% of the total, so basically honouring the SC is more about honouring that 1%., this translates as paying homage to the big-boys. LOL, welcome to crypto-anarchy.





And another thing to think about....just who are you going to prosecute when the DAC is released?

1) They may reside in territories that could give a hoot about software licenses.
2) They could just open an account, release the DAC, make sure it works and disappear.
3) Lol, it could be me and i'd tell you all the legal potholes, and lead you right into them.

NoirEx, NoirStore -- these are companies?

What are the blockchain based ventures?

NoirStore and NoirEx cannot be block chain based, these are ventures. Block chainbased ventures are NoirTalk and Unity(may be merged into one, still  being investigated). However after NoirEx goes live, all ventures will need investor approval.

My understanding here is that NRS are investment shares in NIG, but dividends are only paid out to the sender's of shares held in one of NIG's investment funds.  Is this accurate?

If this is the case, then sending NRS to the general fund address essentially creates virtual, non transferable NIG general fund shares, which are dividend paying, and are the real shares in the company.  If you then use the NRS that have been sent to the general fund to develop the company by selling them to raise money, or by paying workers with them, the recipients will donate their NRS in exchange for dividend paying shares and the cycle will repeat, with share dilution approaching the total NRS supply at each cycle.

No, you have it wrong. sending NRS to the general fund is an investment in liquid, transferable shares. While the system is till awkward in it's infancy, they are really transferable. There have already been two transfers, as we gain momentum and support, this will be streamlined. The NRS in the general fund is rarely ever touched.

the recipients will donate their NRS in exchange for dividend paying shares

our structures are very different from invictus/pts/ags

it is not a donation it is an investment that guarantees a share in returns. Not by social consensus but by investment contract. Employees are paid either in crypto currency or using shares, this is still up for debate by investors since there are only 4 employees for now, including myself.

NRS is not the driving factor of the NIG, it is one of the factors, one of the preferred investment vehicles. we are operating on a different platform...perhaps you can take a minute to read the above linked documents? I'm sure they'll answer some of your questions.

Investors are free to invest using 4 chosen crypto-currencies, as our business ventures will span Ethereum and Counterparty, those will be added later.

the cycle will repeat, with share dilution approaching the total NRS supply at each cycle.

Shares are not diluted, each is set at a rate and once a venture is funded, there will be no more shares, thus protecting all those who invested from late comers. The GF can be used in tandem with select funds and as a result the dividends are paid to both, but the above holds, once the venture is fully funded and operational,  there are no more shares available. this prevents dilution. It is not a cake, from which slices are given out bit by bit. the cake is cut after everyone is sitting at the table. the only difference is that GF invetsors during the start period get weighted shares.

Quote from: barwizi on March 15, 2014, 12:42:14 am

Quote from: bytemaster on March 15, 2014, 12:08:26 am

Here is a thread that has identified a means for miners to mine BTS:

https://bitsharestalk.org/index.php?topic=3587.msg45111#msg45111

The reality is that people can mine anything and trade it for PTS.   Miners should always mine what is most profitable so they can maximize their ROI.

That said it seems like we could benefit everyone by converting PTS to TaPOS and then allowing those who want to invest by mining to mine one of the other coins out there... NoirShares, DOGE, etc and then buy PTS on BTER.   In fact, making such a move would increase the value of PTS in the long term by 30%.   

What would everyone think about such an idea?

leave NRS out of your nefarious plans Dan. 

In fact, people should mine PTS and trade for NRS,  making such a move would increase the value of NRS in the long term by 30%.

Barwizi,

I'm confused why you seem to want to help the BitShares community (which I appreciate a lot),  but on the other hand, instead of cooperating with the community and the social consensus you released something that can only be viewed as a competitor and try to promote it here.  It's beyond me why you couldn't bear to give a 20% stake to this community for their support when you seem to like this community.

The people mining Noirshares are probably mostly people who troll the altcoin announcements on bitcointalk looking for things to mine early before it hits exchanges and they sell it.  These are the people you decided you prefer to give your shares away to.

Rather than have everyone interested in BitShares downloading your wallet and supporting your efforts and providing feedback, the only way for me to get into NoirShares is to take money away from what I would put into BitShares. So it is competition.

Unless I thought what you are doing is a bigger deal and more valuable to the goals of decentralization then what Invictus/Bitshares is doing, I just can't take support away from them to support you.

Maybe I have misinterpreted your goals and efforts but it feels this way to me.  Again, I appreciate all your attempts to help the community and movement; your decision just confuses me and I feel like it would have been better to cooperate instead of compete.

(Apologies for adding something off subject to this important thread)

Noir Investment Group is not a DAC. Nor did it use BPTS code. Nor are we competing with invictus. We solve different problems and pursue different  goals.

Have you read my arguments against the "consensus" ? Please do so, and maybe we can continue this conversation elsewhere, this thread is about the looming catastrophe on PTS.

When you get time, read the charting documents and policies of The NIG. I'll be looking forward to your invesment.

Quote from: barwizi on March 15, 2014, 12:42:14 am

Quote from: bytemaster on March 15, 2014, 12:08:26 am

Here is a thread that has identified a means for miners to mine BTS:

https://bitsharestalk.org/index.php?topic=3587.msg45111#msg45111

The reality is that people can mine anything and trade it for PTS.   Miners should always mine what is most profitable so they can maximize their ROI.

That said it seems like we could benefit everyone by converting PTS to TaPOS and then allowing those who want to invest by mining to mine one of the other coins out there... NoirShares, DOGE, etc and then buy PTS on BTER.   In fact, making such a move would increase the value of PTS in the long term by 30%.   

What would everyone think about such an idea?

leave NRS out of your nefarious plans Dan. 

In fact, people should mine PTS and trade for NRS,  making such a move would increase the value of NRS in the long term by 30%.

Arn't your shares mined?   Does it depend upon that mining being profitable?   If that is the case then I see no reason why you would want to discourage people from mining your coin.   I was trying to pump your coin lol... no hard feelings about NRS.

Your mind is too hard to read, doubt i could play chess with you, but thanks for the publicity, the buy support more than trippled. I know you dont hate NRS, you've been secretly mining it 

And yes, we encourage mining it does give value to our currency. Lol, we need to talk about TaPoS.

Noir Group is planning something similar although instead of giving all the profits to investors, 60% goes to them 15 % to the company coffers and 25% goes directly into buying NRS, which will be distributed as dividends every 3 months. Essentially, dumping other coins to boost up NRS market cap.

General Fund now open for Shares.

NRS :- 9cViAqUd7AKKZY5UyJUQo6nXCVJGTar1F7
PTS :- Pv2FwmEsDcTYaCipdTUiC4kfPtSfYY84iP
BTC :-  1Nf7PswAM87DWXfRLWxVVTjb8BYK3qfQuS