Author Topic: Dying out  (Read 6195 times)

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Offline coolspeed

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Re: Dying out
« Reply #15 on: November 28, 2013, 07:20:59 am »
IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.

But they are really good promises.
Why? There is a baseline already as just another alt-coin: it can't fall further than that, can it?

Protoshare is heavily inflated because of the promises associated with it. That's why its market cap got so high in such a short amount of time. If those promises fall through, then PTS' floor will fall to that of any other altcoin that isn't heavily watched.

By investing in PTS you're betting that Invictus will launch their products, and that their products will work and become successful.

Invictus says it is better to have a competitor. Investing pts is investing this idea, not the company.

http://letstalkbitcoin.com/dacs-that-spawn-dacs/
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Offline 8bit

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Re: Dying out
« Reply #16 on: November 28, 2013, 07:56:07 am »
IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.

But they are really good promises.
Why? There is a baseline already as just another alt-coin: it can't fall further than that, can it?

Protoshare is heavily inflated because of the promises associated with it. That's why its market cap got so high in such a short amount of time. If those promises fall through, then PTS' floor will fall to that of any other altcoin that isn't heavily watched.

By investing in PTS you're betting that Invictus will launch their products, and that their products will work and become successful.

Invictus says it is better to have a competitor. Investing pts is investing this idea, not the company.

http://letstalkbitcoin.com/dacs-that-spawn-dacs/

Sure, if there were actually any non-Invictus DACs forked from PTS. But there aren't, at least not yet.
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Offline coolspeed

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Re: Dying out
« Reply #17 on: November 28, 2013, 08:06:09 am »
IMO PTS is a VERY high risk investment even comparing to other altcoins, because a much higher percentage of PTS value is based on future promises.

But they are really good promises.
Why? There is a baseline already as just another alt-coin: it can't fall further than that, can it?

Protoshare is heavily inflated because of the promises associated with it. That's why its market cap got so high in such a short amount of time. If those promises fall through, then PTS' floor will fall to that of any other altcoin that isn't heavily watched.

By investing in PTS you're betting that Invictus will launch their products, and that their products will work and become successful.

Invictus says it is better to have a competitor. Investing pts is investing this idea, not the company.

http://letstalkbitcoin.com/dacs-that-spawn-dacs/

Sure, if there were actually any non-Invictus DACs forked from PTS. But there aren't, at least not yet.

Even if Invictus failed, there is still hope for another BTS of another brand.

Quote
What do you mean “real hard to renege” on your social contract?

Who would want to abandon the entire universe of informed early adopters by reneging on their rights as founding shareholders? In this business, the network effect of market share is everything. Besides, if someone deploys an open-source DAC without honoring the social contract to its ProtoShares holders, someone else will simply fork the open source code, and honor that contract. Bingo, they’re in business!
The network effect of informed early adopters will do the rest and the reneging developer’s implementation will go into the dustbin of history.

http://bitsharestalk.org/index.php?topic=5.0

Quote
FAQ:  How does buying an autonomous protoWGDAC guarantee my ownership in somebody else’s DAC without an armed regulator to enforce that contract?

There is no contract to enforce.  The art of engineering freedom is arranging the game so that people do the right thing naturally, in their own self-interest. Who would want to abandon the entire universe of forum-informed early adopters by reneging on their rights as founding shareholders?  If someone deploys an open-source DAC without honoring its social contract to protoWGDAC, someone else can simply fork the code, and honor the promise.  The network effect and wrath of informed early adopters will do the rest.

FAQ:  If more than one DAC implementation is fielded, which one does a protoWGDAC holder get shares in?

That would depend on the social contract published by each DAC developer.  Expect experimentation with ways to distribute WGDAC shares to protoWGDAC coin holders.  Some will want to trade protoWGDAC coins for WGDAC shares.  Others will just take a snapshot of the protoWGDAC blockchain at product launch and use that as the WGDAC shares genesis block for ownership initial conditions.  A protoWGDAC coin holder could wind up holding matching shares in all implementations and begin trading for ownership in the best DAC from there.

Can you imagine if you had owned protocoins for the idea of a web browser?  By the time Netscape, Firefox, Internet Explorer, Safari, and Chrome had been implemented, you would own shares in every one of them!  Who would try to introduce a new browser without honoring the market share of current browser protocoin holders?

Protocoins are like ownership in a patent that never expires,
entitling you to “royalties” in all future implementations of the idea!

http://letstalkbitcoin.com/dacs-that-spawn-dacs/
« Last Edit: November 29, 2013, 02:35:20 am by coolspeed »
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Offline voldemort628

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Re: Dying out
« Reply #18 on: November 28, 2013, 10:11:17 am »
Seems Protoshares are a dying breed. Far less people mining, price dropping etc etc. The most laughable part is noone is still posting profitability calculatons.

I thought u were a supporter and even offered helps to Dan/wanted to work for a certain component of the project?

Offline bitcool

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Re: Dying out
« Reply #19 on: November 28, 2013, 04:48:55 pm »
By investing in PTS you're betting that Invictus will launch their products, and that their products will work and become successful.

Yes, wasn't that the intention of PTS's launch anyway? Seems like it's serving its purpose :)

Offline barwizi

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Re: Dying out
« Reply #20 on: November 28, 2013, 05:16:02 pm »
Seems Protoshares are a dying breed. Far less people mining, price dropping etc etc. The most laughable part is noone is still posting profitability calculatons.

I thought u were a supporter and even offered helps to Dan/wanted to work for a certain component of the project?

Oh? ah, must be another barwizi  :P
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Offline robozombie

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Re: Dying out
« Reply #21 on: November 29, 2013, 08:00:18 pm »
Seems Protoshares are a dying breed. Far less people mining, price dropping etc etc. The most laughable part is noone is still posting profitability calculatons.

Price dropping? Look, I don't want to be rude, but... Anyways! I've got a few PTS. when I mined them (4 days ago) they were worth around $70. Today, they've increased in value more than 50%, I believe...
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Offline barwizi

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Re: Dying out
« Reply #22 on: November 29, 2013, 08:50:40 pm »
I thank you all for your responses, my objective has been met.
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Offline ruletheworld

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Re: Dying out
« Reply #23 on: November 29, 2013, 11:23:06 pm »
I thank you all for your responses, my objective has been met.
What was your objective?
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Offline lordfirefox

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Re: Dying out
« Reply #24 on: November 30, 2013, 03:24:12 am »
With blocks coming in so slowly even with a crap-ton of cores pointed at a pool it's becoming really boring to mine PTS. I'm not sure what can be done about it.
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Offline bytemaster

Re: Dying out
« Reply #25 on: November 30, 2013, 05:02:20 am »
With blocks coming in so slowly even with a crap-ton of cores pointed at a pool it's becoming really boring to mine PTS. I'm not sure what can be done about it.

Mining is boring on any 'mature' coin.  If it were exciting inflation would be driving the value of the coin down rapidly.
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline voldemort628

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Re: Dying out
« Reply #26 on: November 30, 2013, 06:53:04 am »
I thank you all for your responses, my objective has been met.
What was your objective?

apparently he was testing the water, and that he didnt mean what he said lol

Offline barwizi

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Re: Dying out
« Reply #27 on: November 30, 2013, 09:11:45 am »
opinions = data
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Offline prophetx

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Re: Dying out
« Reply #28 on: November 30, 2013, 03:58:02 pm »
i am still mining, i am happy to get more :D