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.
Worthless? Buddy, PM me and I'll buy all the PTS you've got. Have a little patience with this development team; they're working their asses off. Your PTS are going to be worth a mint, but not by next week.
Can you update the OP with status updates rather than just adding to the 500+ comments? Or just start a new thread, pin it and un-pin the old ones. The message gets convoluted in-between the on and off-topic replies.
As a matter of fact, you shouldn't even allow us to reply to your updates. Just let everyone start their own thread with their concerns or questions.
At least update the original/first post, so everyone doesn't have to dig through all this every week to find out what is going on.
Come on, put some effort into making this easier on supporters.
Really? Entitled much?
We get daily progress updates from the lead dev on the project. Let's be thankful for the wealth of information we already get and not complain about the updates' formatting...
Sent from my SCH-S720C using Tapatalk 2
Asking for organization of updates so investors and newbies can easily see what's happening is asking too much? How dare I?Can you update the OP with status updates rather than just adding to the 500+ comments? Or just start a new thread, pin it and un-pin the old ones. The message gets convoluted in-between the on and off-topic replies.
As a matter of fact, you shouldn't even allow us to reply to your updates. Just let everyone start their own thread with their concerns or questions.
At least update the original/first post, so everyone doesn't have to dig through all this every week to find out what is going on.
Come on, put some effort into making this easier on supporters.
Really? Entitled much?
We get daily progress updates from the lead dev on the project. Let's be thankful for the wealth of information we already get and not complain about the updates' formatting...
Sent from my SCH-S720C using Tapatalk 2
Agree. Being able to comment on each and give feedback is valueable. And the first post would get looooooooong..
Would it get 500 posts looooooooooong?
I think this back and forth proves one of my points. Convoluted. Now everyone else has to sift through these last few posts hoping bytemaster didn't leave an Easter egg within. It's more professional to be upfront and visible with the updates that usually contain vital investor information. I found out that BTS-XT is delayed and may be released following the release of ME and DNS in another boards thread. I come here and there is now official update. Is this even true? That is pretty vital information that should be upfront for all to see in an "Update Thread". Originally 2015 was the targeted release, then mid to late March 2014, now we would be lucky to have it by end of June. Are these just W.A.G's? Is that where we are?
All I'm saying is, an official update is in order if the plan has been altered or changed.
thanks，daniel and stan，things get more interesting now.
one more doubt：will all the lotto dacs use the same snapshot taken at specific time or the individual third party launched lotto dacs use different snapshots taken at different time ？
Great question!
Let's think this through together:
Initially there's a snapshot for BitSharesLOTTO and all PTS/AGS holders now have a new kind of coin in their wallets. It works just like PTS, only focused exclusively on interest in future gaming DACs.
Now, somebody who doesn't like the gaming business sector for any number of valid reasons, sells his LTS to someone who sees robotically honest gaming as the investment of a lifetime.
Who should own the shares of the LuckyStrikeCasino DAC when it comes out? Should it be the initial LTS snapshot or a snapshot of the latest block in the LTS chain?
Obviously, it should be the latest block since the whole point of a proto-chain is to trade stakes in future DACs in that business sector.
Now fast forward to a time far in the future, maybe August, when somebody wants to launch a competing EvenMoreLuckyCasino. What is their best strategy?
Do they take a snapshot of the current LTS chain to appeal to all investors in this industry sector?
Or do they take a snapshot of their competitor's chain in an attempt to lure away all of its stakeholders?
Now imagine a short time later when there are hundreds of gaming DACs filling every possible ecological niche. Someone wants to enter the business - where do they take their snapshot?
This is a free market. They could do any combination. I am sure many things will be tried. What will the free market accept?
I have to say I share OP's worry.
Invictus has so far been given more than 4170 bitcoins (according to agsexplorer) which at the current rate of about 630$ USD each totals to more than 2.6 Million US Dollars.
For what exactly? Up to now only promises.
The two ags explorers where developed by other people, logos where designed by other people, wasn't even PTS - the only real product for now - created by other people?
I am not implying I know anything about the true motives of the people behind 3I but from the persepective of a lightweight investor, this whole operation has various warning signs of an elaborate rip-off scheme.
BTS will be liquid in a few weeks so you can sell if you're uncomfortable. You can follow their work in Github so it's not an elaborate rip-off or anything. The code is already written.. they're just being very cautious and careful about not releasing a product until they're certain all potential bugs and attacks are accounted for. As an investor, I'd much prefer them take their time and release a robust system than to release a buggy inferior product leading to a decline in investor confidence and market cap.
Also, speaking as a software developer, money does not speed up the testing process. As others have mentioned, when software gets to this stage of development it tends to follow Brook's Law (http://en.wikipedia.org/wiki/Brooks's_law) whereby adding additional developers or resources to the project can (and will) further delay its release.
Everyone in the Bitshares community (especially devs) wants BTSX to be released as soon as possible but quality code is vital for I3 and BTS survival so releasing an inferior product to appease 'weak hands' is unacceptable IMO.
Unfortunately, there is nothing we could do to keep miners on board after a 60% price drop because miners are purchasing PTS just like everyone else, they just pay with electricity. The only thing we could do is switch PTS to a proof-of-stake coin.
We could try to 'talk up miners', but miners are economic actors who see that it is cheaper to get PTS by trading than mining and thus make different economic choices.
If the difficulty becomes a long term problem we can take measures to increase the transaction rate, but short of increasing voluntary transaction fees in an attempt to motivate additional miners there is nothing we could do. It would be like asking us to stop the price of PTS from falling after the BTS-X snapshot.
Hi Everyone,
This Monday 3/3 i started the PTS mining from YPOOL, and have got 1.41788599 unconfirmed PTS , but only 0.004857 has been confirmed. According to their wiki, it will take about 6 hours for the confirmation. Is that because of the 2/28? Anyone has the same problem?
Thanks very much for your help
time for Invictus to consider offering rewards for miners like us still contributes!
Exchange rate to BTC low, miners switch to mine more profitable coin, network slowdown, instead 6 blocks per hour we have 2-4 blocks, you probably will have to wait 12 hours for confirmations.
Anyone from 3i can provide instruction for it? And if I miss to exchange PTS to BTS on 2/28, does it mean no chance to exchange it to BTS in future?
Just hold it in your wallet and you will be fine. No action required on your part until you download the BitShares X wallet.
As a financial Compliance office and developer I'm currently working with several partners in regards of building a exchange that will be core for the main forex market place and compliant with trade rules and regulations. We have been working with NYSE and CME and really interested in moving into this side of the market. if you have any suggestions or wish to participate lat me know
can I ask that there would be any potential legal issues with proto-shares/bitshares? like how bitcoin is abused by criminals, bitshares can be abused too, and the govt can pick on Invictus Corp.
Pick on me they may, stop BitShares and Proto-Shares they will not. The point of this coin is to establish market demand for BitShares + other ideas of Invictus. ANYONE could implement it and the social contract would be enforced because it is all open source code
