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Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #15 on: December 26, 2013, 02:08:38 AM »
Seems like "we will release bitshares in Q1 2014" and "angelshares will be released over 200 days" are incompatible. What am I missing?

You are missing that AGS is for more than just BTS and that BTS will scale ownership proportional to the AGS supply at launch.

Ah, that makes sense.

What time zone are you using for determining which day a donation appeared?

GMT.
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Offline phoenix

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #16 on: December 26, 2013, 02:19:23 AM »
Here's the current status for the PTS address:

http://btsblock.com/address/PaNGELmZgzRQCKeEKM6ifgTqNkC4ceiAWw

currently 600 PTS -> 8.33333333 angel shares per PTS
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
Bitmessage: BM-NBrGi2V3BZ8REnJM7FPxUjjkQp7V5D28

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #17 on: December 26, 2013, 02:23:02 AM »
https://coinplorer.com/PTS/Addresses/PaNGELmZgzRQCKeEKM6ifgTqNkC4ceiAWw
https://coinplorer.com/BTC/Addresses/1ANGELwQwWxMmbdaSWhWLqBEtPTkWb8uDc

It looks like the market for PTS has started to jump since we started hinting at AGS details last night, PST is up 20% vs BTC in a move that is appears to be independent from other alts. 
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Offline toast

Re: Announcing Angel Shares & BitShares Allocation
« Reply #18 on: December 26, 2013, 02:32:01 AM »
....aaaand I'm a dumbass. Misread "new years" as "christmas" and went ahead and donated. Will you count it as being donated on the first day?

Actually wait, there are already PTS donations too. Can we just have this start "today" (the 26th just started by GMT)?
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 #19 on: December 26, 2013, 02:34:57 AM »
....aaaand I'm a dumbass. Misread "new years" as "christmas" and went ahead and donated. Will you count it as being donated on the first day?

Actually wait, there are already PTS donations too. Can we just have this start "today" (the 26th just started by GMT)?

The first day is everything between now and the end of Jan 1 2014... we will make that clear for those who want to get an early start.   

We just didn't want people to cry foul if we started handing out AngelShares without time for word to get out, especially over the holidays.
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Offline dacer

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #20 on: December 26, 2013, 03:42:48 AM »
One quick question, does it matter if I donate from a multi-address PTS/BTC wallet? Or do I have to donate from a single address PTS/BTC wallet? I experienced MMC 2.0 that single address was easy. Please advise.

It should not matter, we will have tools to import all keys from your PTS and BTC wallets.

Thanks, I have given my donation. When will the AngelShares client available? Is there a due date for the donation?

AngelShares are non-transferrable, but will turn into something transferrable when we launch BitShares in Q1 2014.   Everything received before the end of Jan 1, 2014 counts as part of the Jan 1, 2014 auction of 10000 AGS.   Currently have have 5000 AGS as you are the first PTS bidder!   After that every day is a fresh Auction.   We wanted to give people some time to digest the system before the daily auctions start that way everyone has equal opportunity.

bytemaster, can you explain this:

Code: [Select]
Currently have have 5000 AGS as you are the first PTS bidder!
Cause I've just donated BTC to the funding address.

Offline toast

Re: Announcing Angel Shares & BitShares Allocation
« Reply #21 on: December 26, 2013, 03:53:29 AM »
One quick question, does it matter if I donate from a multi-address PTS/BTC wallet? Or do I have to donate from a single address PTS/BTC wallet? I experienced MMC 2.0 that single address was easy. Please advise.

It should not matter, we will have tools to import all keys from your PTS and BTC wallets.

Thanks, I have given my donation. When will the AngelShares client available? Is there a due date for the donation?

AngelShares are non-transferrable, but will turn into something transferrable when we launch BitShares in Q1 2014.   Everything received before the end of Jan 1, 2014 counts as part of the Jan 1, 2014 auction of 10000 AGS.   Currently have have 5000 AGS as you are the first PTS bidder!   After that every day is a fresh Auction.   We wanted to give people some time to digest the system before the daily auctions start that way everyone has equal opportunity.

bytemaster, can you explain this:

Code: [Select]
Currently have have 5000 AGS as you are the first PTS bidder!
Cause I've just donated BTC to the funding address.

Every day, 5000 AGS are distributed among everyone who contributed BTC (and another 5000 for the PTS) for **that day**. Now until Jan 1st counts as one day. The funding address currently has 3 inputs totaling around 1.3 BTC, so you would get (5000 / 1.3) angelshares per bitcoin (unless people donate more).
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 fluxer555

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #22 on: December 26, 2013, 04:00:52 AM »
Is there a social promise built into this that says I3 cannot donate to itself in order to attain AGS?

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #23 on: December 26, 2013, 04:13:41 AM »
That should be clearly stated because it would undermine the whole process if we did that.   

We will not recycle funds through the address.   

We need to find a way to address people we pay bounties to to reinvest without invictus being blamed.   


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Offline Lighthouse

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #24 on: December 26, 2013, 04:35:18 AM »
That should be clearly stated because it would undermine the whole process if we did that.   

We will not recycle funds through the address.   

We need to find a way to address people we pay bounties to to reinvest without invictus being blamed.   


Sent from my iPhone using Tapatalk

Why would a bounty recipient want to reinvest?  Performing the work is what the bounty compensates, and they're being compensated in PTS.

I really really really think focusing on retaining as much value internally as possible is a huge mistake you seem determined to make. 
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline dacer

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #25 on: December 26, 2013, 04:37:02 AM »
bytemaster, how many confirmations does each transaction need to have before each day's deadline? People may choose to denote in the last minute.

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #26 on: December 26, 2013, 04:38:22 AM »
Timestamp in block is all that matters even if the time stamp is off by 2 hrs.


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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 Lighthouse

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #27 on: December 26, 2013, 04:44:27 AM »
bytemaster, how many confirmations does each transaction need to have before each day's deadline? People may choose to denote in the last minute.

Also if you wanted to get the cheapest price, you should bid early to make it less worth for more people to donate.  The fewer people donate over the course of a day, the more likely a bunch of people are going to be waiting for the last minute all jumping in.  It would be better if they just bid when they became interested so people looking for opportunities don't spend time trying to snipe.
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #28 on: December 26, 2013, 04:44:48 AM »

That should be clearly stated because it would undermine the whole process if we did that.   

We will not recycle funds through the address.   

We need to find a way to address people we pay bounties to to reinvest without invictus being blamed.   


Sent from my iPhone using Tapatalk

Why would a bounty recipient want to reinvest?  Performing the work is what the bounty compensates, and they're being compensated in PTS.

I really really really think focusing on retaining as much value internally as possible is a huge mistake you seem determined to make.

Why does an employee buy company stock?   Because they think it will be more valuable than keeping the cash they were paid. 

We are not keeping anything in the company but spending it all on development and promotion.   




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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 Lighthouse

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #29 on: December 26, 2013, 04:48:44 AM »

That should be clearly stated because it would undermine the whole process if we did that.   

We will not recycle funds through the address.   

We need to find a way to address people we pay bounties to to reinvest without invictus being blamed.   


Sent from my iPhone using Tapatalk

Why would a bounty recipient want to reinvest?  Performing the work is what the bounty compensates, and they're being compensated in PTS.

I really really really think focusing on retaining as much value internally as possible is a huge mistake you seem determined to make.

Why does an employee buy company stock?   Because they think it will be more valuable than keeping the cash they were paid. 

We are not keeping anything in the company but spending it all on development and promotion.   

Sent from my iPhone using Tapatalk

Aren't you paying bounties in Protoshares?   That is already like stock, so this is like you paying for work with stock that is tradable and then trying to convince them to trade it for stock that is not tradable.  I really really don't understand why that's the area you hope to recapture investment.  You're so focused on trying to present what you think is a compelling offer you can't see it just looks petty.   It would be better if you kept some money for yourself since you are so obviously very concerned about letting out any more than absolutely necessary.

Why were hybrid solutions not acceptable?  Now you've committed 100% of Bitshares and went from having 90% unallocated to now 0% unallocated.    Do you really not see why this is dangerous moving into a fluid situation?
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

 

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