Author Topic: Announcing BitShares AGS & BitShares X Allocation  (Read 56495 times)

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Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #135 on: December 31, 2013, 05:30:39 pm »
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. 

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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Re: Announcing Angel Shares & BitShares Allocation
« Reply #136 on: December 31, 2013, 07:23:25 pm »
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?

Offline Stan

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #137 on: December 31, 2013, 07:35:06 pm »
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.


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 Evan

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #138 on: December 31, 2013, 11:50:21 pm »
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.

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #139 on: December 31, 2013, 11:54:49 pm »
We will allow import of private keys from strings. And may provide bounties to make it easier for other wallets.


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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 Evan

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #140 on: January 01, 2014, 12:31:45 am »
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.

Offline luckybit

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #141 on: January 01, 2014, 12:35:37 am »
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.
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Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #142 on: January 01, 2014, 01:13:08 am »
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.
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 phoenix

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #143 on: January 01, 2014, 02:14:32 am »
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
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Offline voldemort628

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #144 on: January 01, 2014, 02:21:59 am »
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.

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #145 on: January 01, 2014, 02:22:32 am »
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.

Correct.
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 dahongfei

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #146 on: January 01, 2014, 03:17:51 am »
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.

Invictus has "insider" information of when BitShares will be released and how it is going on, it puts the compnay in a much better position than outside investors.

Can you make Invictus AGS investment transparent by using a fixed Bitcoin/ProtoShares address?

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #147 on: January 01, 2014, 03:35:47 am »
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.

Invictus has "insider" information of when BitShares will be released and how it is going on, it puts the compnay in a much better position than outside investors.

Can you make Invictus AGS investment transparent by using a fixed Bitcoin/ProtoShares address?

Actually we don't have much insider information, 100% of code will be public and we will have a lot of public testing / reports.  Our current strategy is to invest evenly over the first 2-3 months.   However, we would like to maintain some privacy over our addresses for obvious reasons.   I think anyone can look at the code, the progress, the bug reports, and make an independent assessment of our delivery date because I know i am horrible at estimating these things.

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 dahongfei

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #148 on: January 01, 2014, 03:42:46 am »
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.

Invictus has "insider" information of when BitShares will be released and how it is going on, it puts the compnay in a much better position than outside investors.

Can you make Invictus AGS investment transparent by using a fixed Bitcoin/ProtoShares address?

Actually we don't have much insider information, 100% of code will be public and we will have a lot of public testing / reports.  Our current strategy is to invest evenly over the first 2-3 months.   However, we would like to maintain some privacy over our addresses for obvious reasons.   I think anyone can look at the code, the progress, the bug reports, and make an independent assessment of our delivery date because I know i am horrible at estimating these things.

Oh, I forgot it's opensource. Fair and square, and thanks for sharing your strategy :D

Offline CryptoN8

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #149 on: January 01, 2014, 04:17:34 am »
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.

Invictus has "insider" information of when BitShares will be released and how it is going on, it puts the compnay in a much better position than outside investors.

Can you make Invictus AGS investment transparent by using a fixed Bitcoin/ProtoShares address?

Actually we don't have much insider information, 100% of code will be public and we will have a lot of public testing / reports.  Our current strategy is to invest evenly over the first 2-3 months.   However, we would like to maintain some privacy over our addresses for obvious reasons.   I think anyone can look at the code, the progress, the bug reports, and make an independent assessment of our delivery date because I know i am horrible at estimating these things.

Just to confirm one "day" start/end is in GMT?