Announcing BitShares AGS & BitShares X Allocation

[voldemort628]

Could you please explain 74 PTS spent from the angel address?
https://coinplorer.com/PTS/Addresses/PaNGELmZgzRQCKeEKM6ifgTqNkC4ceiAWw

Is it another coinplorer glitch or you have started spending it already and will count total received PTS for the auction purposes and not the final balance?

All use of Angel Funds is documented here:  https://docs.google.com/a/invictus-innovations.com/spreadsheet/ccc?key=0AqTwk-e7yzJydFZ3bVVWT0o1OUwzXzdESHFBY0FkUWc&usp=drive_web#gid=0

Expect them to be used as fast as people earn their bountiful bounties and advance the BitShares ecosystem -- driving up value for everybody.

The only thing that matters for share award purposes is the permanent record of deposits which will be scanned at the genesis of each honorable DAC to give every Angel his/her shares in those DACs.

So shares will be awarded based on total amount received each day, not the balance at the end of the day.

[phoenix]

I sent my PTS 30 seconds before midnight GMT, but Coinplorer shows the transaction time at the first confirmation after midnight GMT.  (BTSBlock appears to be down at the moment, so I cannot check if its reporting of the transaction time is different.)

Blockchain.info shows my BTC transaction time when the transaction was sent (0 confirmations).

Which time counts for being included in a particular day's auction, when it is sent or when it is first confirmed?  If it's the latter, that could adversely affect auction sniping.

This is why if you're smart you should send early in the day rather than late.

Timestamp of the block that includes the transaction is how it is measured.  Note that block timestamps have a variance of +/- 2 hrs actual time and can occur out of order.   In other words, if you attempt to send in a payment near the end of the day or at the very beginning of the day you cannot know for certain which day the BTS or PTS blockchain will count it as.

Well, that makes waiting until the end of the day a lot more risky

[bytemaster]

I sent my PTS 30 seconds before midnight GMT, but Coinplorer shows the transaction time at the first confirmation after midnight GMT.  (BTSBlock appears to be down at the moment, so I cannot check if its reporting of the transaction time is different.)

Blockchain.info shows my BTC transaction time when the transaction was sent (0 confirmations).

Which time counts for being included in a particular day's auction, when it is sent or when it is first confirmed?  If it's the latter, that could adversely affect auction sniping.

This is why if you're smart you should send early in the day rather than late.

Timestamp of the block that includes the transaction is how it is measured.  Note that block timestamps have a variance of +/- 2 hrs actual time and can occur out of order.   In other words, if you attempt to send in a payment near the end of the day or at the very beginning of the day you cannot know for certain which day the BTS or PTS blockchain will count it as.

[luckybit]

I sent my PTS 30 seconds before midnight GMT, but Coinplorer shows the transaction time at the first confirmation after midnight GMT.  (BTSBlock appears to be down at the moment, so I cannot check if its reporting of the transaction time is different.)

Blockchain.info shows my BTC transaction time when the transaction was sent (0 confirmations).

Which time counts for being included in a particular day's auction, when it is sent or when it is first confirmed?  If it's the latter, that could adversely affect auction sniping.

This is why if you're smart you should send early in the day rather than late.

[Evan]

I sent my PTS 30 seconds before midnight GMT, but Coinplorer shows the transaction time at the first confirmation after midnight GMT.  (BTSBlock appears to be down at the moment, so I cannot check if its reporting of the transaction time is different.)

Blockchain.info shows my BTC transaction time when the transaction was sent (0 confirmations).

Which time counts for being included in a particular day's auction, when it is sent or when it is first confirmed?  If it's the latter, that could adversely affect auction sniping.

[bytemaster]

We will allow import of private keys from strings. And may provide bounties to make it easier for other wallets.


Sent from my iPhone using Tapatalk

[Evan]

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.

Will the key import tool work for any Bitcoin wallet for which I have the private keys or just the Bitcoin-Qt client?  If only the Bitcoin-Qt client, are there other methods to import the private keys from other Bitcoin wallets?  I know how to dump the private keys from my Electrum wallet, but I want to clarify before sending anything to the BTC Angel address.

[Stan]

Could you please explain 74 PTS spent from the angel address?
https://coinplorer.com/PTS/Addresses/PaNGELmZgzRQCKeEKM6ifgTqNkC4ceiAWw

Is it another coinplorer glitch or you have started spending it already and will count total received PTS for the auction purposes and not the final balance?

All use of Angel Funds is documented here:  https://docs.google.com/a/invictus-innovations.com/spreadsheet/ccc?key=0AqTwk-e7yzJydFZ3bVVWT0o1OUwzXzdESHFBY0FkUWc&usp=drive_web#gid=0

Expect them to be used as fast as people earn their bountiful bounties and advance the BitShares ecosystem -- driving up value for everybody.

The only thing that matters for share award purposes is the permanent record of deposits which will be scanned at the genesis of each honorable DAC to give every Angel his/her shares in those DACs.

[busygin]

Could you please explain 74 PTS spent from the angel address?
https://coinplorer.com/PTS/Addresses/PaNGELmZgzRQCKeEKM6ifgTqNkC4ceiAWw

Is it another coinplorer glitch or you have started spending it already and will count total received PTS for the auction purposes and not the final balance?

[bytemaster]

Is there any term prohibiting  Invictus to invest in AGS with PTS mined by itself?

We apply the same rules to ourselves that we apply to everyone else.   Equal opportunity for all.    The only rule we have is that funds sent to an Angel address cannot be sent back to the Angel address (by us) and must be documented in our public spread sheet showing how the funds are spent.   In other words, our opportunity to profit from this project is EQUAL to everyone else's opportunity to profit and our sources of profit are the same as everyone else's.

All PTS that is sent to the Angel fund is spent into circulation.  If we send our mined/purchased PTS to the Angel address you will be able to see how we spend it and once we do so we will be unable to 'dump and run' without building BitShares and other DACs.  This is a very good thing for the community because we are reinvesting our 'profits in PTS' back into building the ecosystem rather than holding the PTS.

The major reason we can offer the bounties prior to fully funding AGS is because we know we will be investing 95% of our own PTS into the fund over time. 

[dahongfei]

Is there any term prohibiting  Invictus to invest in AGS with PTS mined by itself?

[bytemaster]

I have created a google docs XLS sheet to track all expenses paid from the Angel fund.  Our goal is to make everything as transparent as possible.

https://docs.google.com/a/invictus-innovations.com/spreadsheet/ccc?key=0AqTwk-e7yzJydFZ3bVVWT0o1OUwzXzdESHFBY0FkUWc&usp=sharing

https://docs.google.com/spreadsheet/ccc?key=0AqTwk-e7yzJydDFnQmlkTVlkbWpubnJBbzR2UG5ucnc&usp=sharing

Thanks for this.
Is there a document that will show all AGS income (donations) so that we can work out a balance sheet.
Or are we just waiting for a good 'blockchain explorer' of AGS and can work it out from there.

Someone will produce the tools necessary.  the AGS explorer sites (there are multiple entries in the competition) will probably answer most of your questions.

[MrJeans]

I have created a google docs XLS sheet to track all expenses paid from the Angel fund.  Our goal is to make everything as transparent as possible.

https://docs.google.com/a/invictus-innovations.com/spreadsheet/ccc?key=0AqTwk-e7yzJydFZ3bVVWT0o1OUwzXzdESHFBY0FkUWc&usp=sharing

https://docs.google.com/spreadsheet/ccc?key=0AqTwk-e7yzJydDFnQmlkTVlkbWpubnJBbzR2UG5ucnc&usp=sharing

Thanks for this.
Is there a document that will show all AGS income (donations) so that we can work out a balance sheet.
Or are we just waiting for a good 'blockchain explorer' of AGS and can work it out from there.

[voldemort628]

What about other DAC concepts that Invictus has? Do you have any rough idea or release plan for them?

[bytemaster]

In the long run, it doesnt matter.

The closer we get to release the more competitive bidding will become, so these facts do affect the price/bidding in the first 3 months more than the last 3 months.