Quote from: bytemaster on February 24, 2014, 06:56:17 am

Additionally corporations only pay taxes on profits, not revenue. 

As long as our 2013 expenses match our income no tax is due.   

These issues are being handled by our accountants and lawyers and yes we have looked into non-profit status.

this leads me to another series of questions... is the companies intention to spend every penny they receive in calendar year 2014, leaving no money leftover for future development in 2015? if that is the goal to escape taxation, what happens to the company and the software in 2015 when there is no longer any backing of all this behind it, which as stated gives value to everyone involved...

I assume there will be money leftover or more attempts to raise some, otherwise is this a 2014 and out project? what if its not completed by 2014 year end?

P.S. there will be taxes due even if expenses match profits... thats not how all the business taxes work... especially the dozens of new healthcare taxes from the affordable care act... especially if this company is not actually incorporated and is simply "doing business as" under the CEO's social security number when he files taxes...

Would a developer please comment on the difficulty of forking and assigning equity to PTS/AGS? How is it done?


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Quote from: barwizi on February 23, 2014, 10:45:33 am

That is new, anyone else getting that error?

I'll ask the guy who made it to look into the issue.

Anything new?

try something like this:

 cd ProtoShares

qmake bitshares-pts.pro 

make

after the make, you should get a whole bunch of stuff that runs for a few minutes.  may ned to run it with sudo,  like: sudo make

this method always works better fo rme than the way you tried.

There are typos and a bug in the existing license:
https://github.com/InvictusInnovations/BitShares/blob/master/LICENSE.md

"The genesis block of any blockchain must allocate 10% of the total lifetime shares ever allocated by the blockchain to the holders of BitShares PTS proportional to the percentage of total BitShares PTS held. Additionally 10% of the total lifetime shares ever allcoated by the blockchain to the holders of BitShares AGS must be allocated in the genesis block."

allcoated -> allocated

The last sentence can be read as:
10% of the total lifetime shares allocated by the blockchain to holders of BitShares AGS must be allocated in the genesis block.

That reads as if I only need to allocate 10% of the shares I will allocate to BitShares AGS holders in the genesis block. So if I was going to give 1million shares to AGS holders, I only need to give them 100k in the genesis block.

I'd use the same language for both PTS and AGS holders:
The genesis block of any blockchain must allocate 10% of the total lifetime shares ever to be allocated by the blockchain to the holders of BitShares PTS proportional to the percentage of total BitShares PTS held. Additionally, the genesis block of any blockchain must allocate 10% of the total lifetime shares ever to be allocated by the blockchain to the holders of BitShares AGS proportional to the percentage of total BitShares AGS held.

EDIT:comments on barwizi's clause 4:

Quote

All modified redistributions shall allocate at least 10 % of the total value supply units to BitShares PTS holders at genesis of the modified version. All BitShares AGS sponsored redistributions shall allocate a further 10% of the total value supply to BitShares AGS holders at genesis. The remaining value supply is allocated at distributor's discretion while preserving the percentages throughout the modified redistributions’ lifetime.

what is a modified redistribution?
why "shall"? It should just be "All modified redistributions allocate at least" since it is a restrictive condition.
the last sentence is a nice addition, but technically all sentences in clause 4 list "conditions" so maybe reword it:
"The remaining value supply is allocated at distributor's discretion such that the percentages allocated to BitShares PTS and AGS holders do not decrease below 10% each throughout the modified redistributions’ lifetime."