I have some thoughts on this.  I agree with others that the most elegant solution is allow you to set up automatic transactions in the future to move shares to a family member or friend's address (programmable money?).

One difficulty is that this transaction can't work like a regular TaPOS transaction utilizing CDD because it auto-executes while you are completely offline.  You also can't let people just auto-transfer shares back and forth to prevent from getting hit with the 5% yearly inactivity fee.

But, I think if you treat auto-transferred shares like inactive shares it might still work.  Until the shares are actually actively transferred on-line by someone with the private key, they continue to lose 5% per year and lose all their coin days(voting rights).  They still pay all standard transaction fees.  You could even charge an additional 5% auto-transfer fee if you like (estate tax?)

I think if it is possible to do, it is definitely worth doing.  This is way easier than trying to set up a system where your friends and family can get your private keys after you pass away.  Maybe you give one part of the key to a family member or have another part with another friend or have the key in a safe deposit box or your lawyer's office has access to part of the key. It's way more effort and not worth the effort for a small amount of money and you can't quickly change the system you have set up if your situation changes.  Also, a lot of people in the world don't have convenient access to a safety deposit box at a trustworthy bank.  Deposit boxes can be seized and this reliance on banks and 3rd party trust is part of what we are trying to get away from.

Quote from: newmine on March 14, 2014, 02:32:23 am

Quote from: testz on March 13, 2014, 11:10:39 pm

BitShares-PTS it's an investment cryptocurrency and peoples except speculators doesn't care about network speed. One more fork give us more problems and repute disadvantages.

All the more reason to do something if you can.  These investors on a normal network would be getting 3x the number of shares and here you are saying, "FU, not our problem. Go ahead and waste your time and energy mining for 1/3 the payout/dividends in the future, but keep mining to keep the network limping along."

In our current case any solution requires hard fork. I can't consider current situation as a huge problem. The miners rewards doesn't connect to the network speed, with same diff they get same amount of PTS per day. The miners left the network because the exchange rate was drop.
Maybe I missed something important but I really doesn't see this as a problem.

Unfortunately KGW has some security disadvantages and probably in our case better to drop diff retarget from 4032 to 2016 blocks but again this requires hard fork.

Testz, I think you are missing something important.  The time to retarget is getting longer, not shorter, therefore the the target block will never be reached.  You will never have 2 million protoshares.  This will make Invictus look bad.   You said that a fork will have reputation disadvantages, not doing anything will be a much bigger reputation problem. 

Quote from: bytemaster on March 01, 2014, 07:42:37 am

Darkbane...  you have made your points and like you said past actions simply are what they are. 

We are focused on fixing any mistakes made as rapidly as possible and working with some of the best lawyers in the field to put things on solid footing.

and as part of the community I would appreciate some steps also being made to handle other concerns... such as a public decree stating invictus and its employees/shareholders will not purchase pts/ags before and/or 72 hours after they make announcements on DAC's or other information that may affect value of of it... I think its only fair to expect them to not use information only they are privy to for making good buys early before its released to the general public... I think something like this would go along way in a social consensus...  people underestimate your ability to use that information and get in before we're able to get in... and since invictus claims this is for the community and not for their for-profit business, that would calm a lot of speculation since we can track blocks and see who transfer what, albeit with some ability to hide transactions in unknown ID's... (not to mention insider trading laws as this is slowly being transformed into currency on the bitsharesX description page, and subject to FTC rules at that point by transitioning it into currency, despite the fact when used in other forms its simple a commodity)

otherwise using "donated" money to build up hype to raise awareness, to buy in before you do such, could make us all quite vulnerable since we're not sitting there listening to the plan of attack so to speak... so malicious things could occur which is why the company needs to divorce itself from investing in its own products, assuming these products are for the community and not for invictus... invictus said it would publish all transactions, so I assume this includes purchasing PTS, since they said they would not use any money to purchase AGS?

I acknowledge the website has recently changed to I assume handle issues raised, so while I think this is a good start, if they plan to become a true non-profit (if they choose) that will be a huge step, but until then I think having a single announcement source off the main website page, along with a statement the company and employees will not trade on information released prior or after for a period of time would go a long way... its just a huge conflict of interest to be trading in it at all...

I think this is WAY overreaching.  It would be ridiculous for them to make a public commitment that no employee will buy 72hrs after something is announced that would affect the value (lots of things affect value).  So employees can't set up a regular contribution?  We should have 72hrs to invest in something before employees can??   People seem to expect the people doing the most work to make this happen not to profit.

Having employees invested and also having a lot riding on this is much better than trying to tie their hands and cut them out... it feels like a lack of appreciation to me.