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Offline voldemort628

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #105 on: December 28, 2013, 08:25:44 AM »
So ags means the end of mining?

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #106 on: December 28, 2013, 08:32:23 AM »
So ags means the end of mining?
AGS means end of mining for a profit.  LuckyShares may require LuckyMining to generate random numbers in a secure decentralized manner but most DACS do not need a decentralized random number source and thus will not use mining for security.

Mining results in centralization... a new approach is needed that is more profitable for the DAC owners.  The new approach uses AGS to issue shares mining-style with equal opportunity approach.

AGS works in synergy with PTS to fund development of our new ecosystem.  PTS is liquid and provides the currency for our bounties while AGS is illiquid and provides the capital to make things happen.  You will see some amazing developments in the weeks ahead as the full power of the AGS / PTS combo comes to light.   We are preparing $1-2 million worth of bounties paid in PTS for every skill under the sun.   We have referral bounties, bounties for new bounties, and more all in the works. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
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 yvg1900

Re: Announcing Angel Shares & BitShares Allocation
« Reply #107 on: December 28, 2013, 11:03:25 AM »
What I do not understand is if that thing with angel shares for >1000 PTS holders is terminated. If so, then why no announcement/explanation on that?

yvg1900
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Offline Stan

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #108 on: December 28, 2013, 04:06:56 PM »
What I do not understand is if that thing with angel shares for >1000 PTS holders is terminated. If so, then why no announcement/explanation on that?

yvg1900

From this month's newsletter (sent to all DAC Angels as well).  It's evolved with lots of forum input since then but the announcement you are looking for was the lead paragraph...   :)

Quote
DAC Angels Rising

When we first conceived the idea of DAC Angels, we thought of approaching newly-wealthy
ProtoShareholders to see if some might want to invest in new DACs in order to grow the value
of their holdings. We invited those who held 1000 or more PTS to sign up for a new DAC
Angel investors newsletter. We were blown away by the number of such investors that exist!

Instead of a small group of successful investors slowly pondering how to grow the industry, we
were looking at a whole army of investors yelling “I’m in!” Then it occurred to us: this is a
decentralized movement developing decentralized products and services. Why were we trying to
centralize our investors? Why can’t the owner of a single ProtoShare be a venture capitalist if
she want’s to? We should be sharing our ideas with everyone. So we are using this newsletter.
« Last Edit: December 28, 2013, 04:08:36 PM by Stan »
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline MrJeans

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #109 on: December 28, 2013, 05:02:02 PM »
Is there a thread that we can go to to follow the progress on AGS.
Such as how much was submitted to each block for each day.
Total funding collected by Invictus through AGS.
Amount of funding currently being used for specific projects (DACs) etc.
Thanks

Offline phoenix

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #110 on: December 28, 2013, 05:22:43 PM »
Is there a thread that we can go to to follow the progress on AGS.
Such as how much was submitted to each block for each day.
Total funding collected by Invictus through AGS.
Amount of funding currently being used for specific projects (DACs) etc.
Thanks

There is currently a bounty for the development of a block explorer that will allow you to do that. Once somebody claims the bounty you will be able to do that easily
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
Bitmessage: BM-NBrGi2V3BZ8REnJM7FPxUjjkQp7V5D28

Offline doesntmatter

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #111 on: December 28, 2013, 05:55:58 PM »
So lets see here... As a holder of PTS i am entitled to 10% of any genesis block allocation? including These Angelshares!!! so what block does that happen????
PsZtcn3NRs9P3ZqKdxah1uNLZ1QSuecbdd

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #112 on: December 28, 2013, 06:11:54 PM »
Angel shares is not a block chain and has no genesis block.


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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 minddragon

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #113 on: December 29, 2013, 03:18:52 AM »
I apologize if this has been asked already...As a Keyhotee Founder I just found out about this AGS -- I wish there was an emailed newsletter or something.

What address do I send to and how do I specify that this is coming from a Founder address?

MD

Offline toast

Re: Announcing Angel Shares & BitShares Allocation
« Reply #114 on: December 29, 2013, 03:44:49 AM »
I apologize if this has been asked already...As a Keyhotee Founder I just found out about this AGS -- I wish there was an emailed newsletter or something.

What address do I send to and how do I specify that this is coming from a Founder address?

MD

You send to the addresses in the OP.

I think you don't specify that they're coming from a founder ID, I think they just mean that any PTS received for keyhotee donations (founder ID purchases) count as angelshare "purchases" and so you can use those private keys will be able to redeem the shares.

I would like some clarification though, if what I'm saying is right that means we had to have kept the keys we sent the donations from even though there was no warning that we would need to keep them. If I'm wrong, then I'm just totally confused about how the first 10,000 AGS are set aside for founders.

Edit: Actually yeah this is really confusing, (200 x 10,000) + 10,000 != 2,000,000. How do founder angelshares work?
« Last Edit: December 29, 2013, 03:46:49 AM by toast »
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #115 on: December 29, 2013, 03:47:46 AM »
I apologize if this has been asked already...As a Keyhotee Founder I just found out about this AGS -- I wish there was an emailed newsletter or something.

What address do I send to and how do I specify that this is coming from a Founder address?

MD

You send to the addresses in the OP.

I think you don't specify that they're coming from a founder ID, I think they just mean that any PTS received for keyhotee donations (founder ID purchases) count as angelshare "purchases" and so you can use those private keys will be able to redeem the shares.

I would like some clarification though, if what I'm saying is right that means we had to have kept the keys we sent the donations from even though there was no warning that we would need to keep them. If I'm wrong, then I'm just totally confused about how the first 10,000 AGS are set aside for founders.

When you give us your keyhotee ID public key (tool soon to be released) we will know how to allocate the funds.  We will then publish a list which maps your Founder Public Key to a PTS address that can be used in the genesis block.  The address you paid for your Keyhotee ID will not be used because many people sent directly from exchanges, paid for 3rd parties, or were given credit for Keyhotee IDs in exchange for services rendered.   
For the latest updates checkout my blog: http://bytemaster.bitshares.org
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 CryptoN8

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #116 on: December 30, 2013, 03:31:15 AM »
Sorry if this is not in the correct thread, I did look around a bit prior. I can't seem to find an answer to this question with all these other AGS, BTS, etc being announced.

Will mining PTS still be necessary after December 31st, 2013 23:59 GMT? If yes, what will they be good for? AGS? BTS?

I'm just a little confused and don't want to miss out on an opportunity. Thanks.

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #117 on: December 30, 2013, 03:45:40 AM »
Sorry if this is not in the correct thread, I did look around a bit prior. I can't seem to find an answer to this question with all these other AGS, BTS, etc being announced.

Will mining PTS still be necessary after December 31st, 2013 23:59 GMT? If yes, what will they be good for? AGS? BTS?

I'm just a little confused and don't want to miss out on an opportunity. Thanks.

PTS requires mining and its social contract is unmodified.  Mined PTS is still valid for a stake in all future DACs. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
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 CryptoN8

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #118 on: December 30, 2013, 03:49:46 AM »
Sorry if this is not in the correct thread, I did look around a bit prior. I can't seem to find an answer to this question with all these other AGS, BTS, etc being announced.

Will mining PTS still be necessary after December 31st, 2013 23:59 GMT? If yes, what will they be good for? AGS? BTS?

I'm just a little confused and don't want to miss out on an opportunity. Thanks.

PTS requires mining and its social contract is unmodified.  Mined PTS is still valid for a stake in all future DACs.
Ok thank you. Also, can you clarify any deadlines for December 31st, 2013 23:59 GMT? I could swear I read something about something getting converted at that point.

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #119 on: December 30, 2013, 03:56:56 AM »
Sorry if this is not in the correct thread, I did look around a bit prior. I can't seem to find an answer to this question with all these other AGS, BTS, etc being announced.

Will mining PTS still be necessary after December 31st, 2013 23:59 GMT? If yes, what will they be good for? AGS? BTS?

I'm just a little confused and don't want to miss out on an opportunity. Thanks.

PTS requires mining and its social contract is unmodified.  Mined PTS is still valid for a stake in all future DACs.
Ok thank you. Also, can you clarify any deadlines for December 31st, 2013 23:59 GMT? I could swear I read something about something getting converted at that point.

That was the original planned launch data for the Keyhotee genesis block, the schedule has slipped and the genesis block will be released once we have received the final registration step from the vast majority of Keyhotee ID users.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
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.

 

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