Author Topic: Announcing BitShares AGS & BitShares X Allocation  (Read 56713 times)

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Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #165 on: January 02, 2014, 02:46:52 am »
Do AGS 1:1 map to BTS? For example, if one investor has 100 AGS, can he claim 100 BTS by 100 AGS? Or only 10%=10BTS? If only 10%, I do not think this is a good idea. Please clarify.

If Investor has X AGS out of T total AGS issued then they get   X/T * 2000000 BTC out of a total of 4M BTC.

Dan
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Offline 520Bit

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #166 on: January 02, 2014, 02:51:35 am »
Do AGS 1:1 map to BTS? For example, if one investor has 100 AGS, can he claim 100 BTS by 100 AGS? Or only 10%=10BTS? If only 10%, I do not think this is a good idea. Please clarify.

If Investor has X AGS out of T total AGS issued then they get   X/T * 2000000 BTC out of a total of 4M BTC.

Dan

The T should equal to 200M from the beginning of this thread, or still changing?
Accept BTC/XCP/MSC: 152oBitoBwHwxR5UpUQnsvWSFjYHkheDJk
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PPC: PRT95iQEKUzJSb2XsPjLgdbyoSyKiDmyb9

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #167 on: January 02, 2014, 03:08:35 am »
Do AGS 1:1 map to BTS? For example, if one investor has 100 AGS, can he claim 100 BTS by 100 AGS? Or only 10%=10BTS? If only 10%, I do not think this is a good idea. Please clarify.

If Investor has X AGS out of T total AGS issued then they get   X/T * 2000000 BTC out of a total of 4M BTC.

Dan

The T should equal to 200M from the beginning of this thread, or still changing?

T = 20,000 today, grows by 10,000 per day.
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 Empirical1

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #168 on: January 02, 2014, 03:22:47 am »

We are establishing the share allocation of BitShares 1.0 which will have 4 million total shares.  2 million will be allocated proportional to PTS holders and 2 million proportional to AngelShare (AGS) holders.


Hi guys, I just wanted to confirm this was right.

Will there still be 20 000 000 Bitshares in total and AGS & PTS will make up 4 million of that total?
Or will there only be 4 million BTS in total now?

Thanks

Edit: Ok pretty sure it looks like 4 million total from the posts above but just wanted to confirm as makes a big difference.
« Last Edit: January 02, 2014, 03:25:07 am by Empirical1 »

Offline voldemort628

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #169 on: January 02, 2014, 03:23:18 am »
So looking at the bitcoin address for angelshares, is the tx of 8btc shown at around 2 05 am 2/1/2014 included in the date of '1/1' or '2/1'?

Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #170 on: January 02, 2014, 03:31:36 am »
So looking at the bitcoin address for angelshares, is the tx of 8btc shown at around 2 05 am 2/1/2014 included in the date of '1/1' or '2/1'?

Size   225 (bytes)
Received Time   2014-01-02 01:53:04
Included In Blocks   278214 (2014-01-02 02:05:30 +12 minutes)
Confirmations   8 Confirmations
Relayed by IP    130.185.106.12 (whois)
Visualize   View Tree Chart
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Offline Stan

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #171 on: January 02, 2014, 03:33:07 am »

We are establishing the share allocation of BitShares 1.0 which will have 4 million total shares.  2 million will be allocated proportional to PTS holders and 2 million proportional to AngelShare (AGS) holders.


Hi guys, I just wanted to confirm this was right.

Will there still be 20 000 000 Bitshares in total and AGS & PTS will make up 4 million of that total?
Or will there only be 4 million BTS in total now?

Thanks

Edit: Ok pretty sure it looks like 4 million total from the posts above but just wanted to confirm as makes a big difference.

Total of 4 million. Period.
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 toast

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #172 on: January 02, 2014, 04:19:30 am »
Gonna keep asking this in both threads since this keeps getting buried with no response.

The OP states:

A) There will be 10,000 angelshares set aside proportionally for keyhotee founders.
b) There will be 200 x (5,000 x 2) rewarded over the course of 200 days.

That does not sum to 2,000,000, that sums to 2,010,000.
Can someone explain this?
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Offline bytemaster

Re: Announcing Angel Shares & BitShares Allocation
« Reply #173 on: January 02, 2014, 04:21:19 am »
Gonna keep asking this in both threads since this keeps getting buried with no response.

The OP states:

A) There will be 10,000 angelshares set aside proportionally for keyhotee founders.
b) There will be 200 x (5,000 x 2) rewarded over the course of 200 days.

That does not sum to 2,000,000, that sums to 2,010,000.
Can someone explain this?

I already responded to this once.   First 2 days were Keyhotee Founders, and Christmas to Jan 1, then 198 days after that.   
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 voldemort628

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #174 on: January 02, 2014, 08:36:12 am »
funds seem to flow into AGS much faster now...
damn..should have put in more when people were still celebrating :|

Offline minddragon

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #175 on: January 02, 2014, 04:16:52 pm »

I already responded to this once.   First 2 days were Keyhotee Founders, and Christmas to Jan 1, then 198 days after that.

I tried to message you unsuccessfully -- I wanted to contribute .BTC into AGS but I couldn't figure out how to do so --

As a Keyhotee founder I should have been a part of the original 10,000 pool and I couldn't get answers to my questions so here is my PUBLIC statement of contribution (.5 BTC)

  7db95e9bc90eac0d2f6cf628bf8a6a9756f41b67f27fd7f6e579f58213b5d18f: Seen by 3 peers. Pending/unconfirmed.
     from 1Jpm2uFi44ZmDgUVETUetjjANBxf4kVwRD / 3c48dc2779c2007b5363c547c38cb911889ed07576f1bef62d665ce14d4ada44:1
       to 1ANGELwQwWxMmbdaSWhWLqBEtPTkWb8uDc 0.5 BTC


My Keyhotee ID is Minddragon
« Last Edit: January 02, 2014, 05:15:14 pm by minddragon »

Offline Empirical1

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #176 on: January 02, 2014, 05:05:35 pm »

We are establishing the share allocation of BitShares 1.0 which will have 4 million total shares.  2 million will be allocated proportional to PTS holders and 2 million proportional to AngelShare (AGS) holders.


Hi guys, I just wanted to confirm this was right.

Will there still be 20 000 000 Bitshares in total and AGS & PTS will make up 4 million of that total?
Or will there only be 4 million BTS in total now?

Thanks

Edit: Ok pretty sure it looks like 4 million total from the posts above but just wanted to confirm as makes a big difference.

Total of 4 million. Period.

This is EPIC. (I would have replied yesterday but I bought up loads of PTS after you clarified that!)

According to my calculations -

From the launch of PTS up until 1 week ago, PTS only made up 10% of Bitshares issuance. (2 million PTS would be given the first 2 million Bitshares out of a total of 20 million Bitshares.)

Nearly everybody was buying PTS to get Bitshares.

So when PTS was +-$20 each, it was really valuing those future Bitshares at up to $20 each.
Given that there would be 20 million Bitshares, PTS was implying a speculative market cap for Bitshares of up to $400 million. (20 million x $20 = $400 million)

The announcement that there will now only be 4 million Bitshares is EPIC. PTS now gives you 5x more of the total Bitshares issuance (50% vs. 10%) than it did a week ago! (I.e. The speculative market cap of Bitshares is now divided by 4 million not 20 million. Potentially revaluing PTS from $20 to $100 each!) It will be interesting to see how much of that adjustment the market price will reflect in the next week or two! (Edit: Personally I think PTS could easily be trading at $50 in two weeks, let's see if I'm right...)

Other: (Because of the illiquidity of Angelshares, my maths says I need about 1.8 AGS per PTS to make it worthwhile exchanging my PTS for AGS at this stage. My ratio will decrease as we get closer to the Bitshares launch provided good progress is visible. However I'd be interested to hear how other people value AGS ATM.) 



« Last Edit: January 02, 2014, 05:16:56 pm by Empirical1 »

Offline Stan

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #177 on: January 02, 2014, 05:35:53 pm »

We are establishing the share allocation of BitShares 1.0 which will have 4 million total shares.  2 million will be allocated proportional to PTS holders and 2 million proportional to AngelShare (AGS) holders.


Hi guys, I just wanted to confirm this was right.

Will there still be 20 000 000 Bitshares in total and AGS & PTS will make up 4 million of that total?
Or will there only be 4 million BTS in total now?

Thanks

Edit: Ok pretty sure it looks like 4 million total from the posts above but just wanted to confirm as makes a big difference.

Total of 4 million. Period.

This is EPIC. (I would have replied yesterday but I bought up loads of PTS after you clarified that!)

According to my calculations -

From the launch of PTS up until 1 week ago, PTS only made up 10% of Bitshares issuance. (2 million PTS would be given the first 2 million Bitshares out of a total of 20 million Bitshares.)

Nearly everybody was buying PTS to get Bitshares.

So when PTS was +-$20 each, it was really valuing those future Bitshares at up to $20 each.
Given that there would be 20 million Bitshares, PTS was implying a speculative market cap for Bitshares of up to $400 million. (20 million x $20 = $400 million)

The announcement that there will now only be 4 million Bitshares is EPIC. PTS now gives you 5x more of the total Bitshares issuance (50% vs. 10%) than it did a week ago! (I.e. The speculative market cap of Bitshares is now divided by 4 million not 20 million. Potentially revaluing PTS from $20 to $100 each!) It will be interesting to see how much of that adjustment the market price will reflect in the next week or two!

Other: (Because of the illiquidity of Angelshares, my maths says I need about 1.8 AGS per PTS to make it worthwhile exchanging my PTS for AGS at this stage. My ratio will decrease as we get closer to the Bitshares launch provided good progress is visible. However I'd be interested to hear how other people value AGS ATM.)

Yeah, we kind of wondered why there weren't more people dancing in the streets.

Bytemaster's development of a way to eliminate the waste of mining means all that remaining 90% formerly reserved for long term mining (and all the DAC's projected earnings) are now remapped to the PTS and AGS community who in turn get to be the "official" BitShares distributors for all future users.  These users are not miners, they are traders and speculators and savers who will pay to use an incorruptible global bank and exchange in a world where trust in the existing financial system is rapidly waning.   Zzzzzzzz.

On Christmas Day I was asking, "Where's the Kaboom?  There's supposed to be an earth-shattering kaboom!"


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Offline minddragon

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #178 on: January 02, 2014, 07:10:16 pm »


On Christmas Day I was asking, "Where's the Kaboom?  There's supposed to be an earth-shattering kaboom!"




Everyone is doing the holiday thing. Wait until Monday next week. Things will really pick up by then.

Offline MrJeans

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Re: Announcing Angel Shares & BitShares Allocation
« Reply #179 on: January 02, 2014, 07:16:17 pm »
I think its just very difficult for the market to value the idea.
BitShares will have an untapped CFD market in the US and an untapped foreign exchange market in China (as these services are currently illegal in the respective countries).

Trading in foreign exchange markets averaged $5.3 trillion per day! Kaboom!!!!
If we capture a 0.1% of this market, and receive 0.1% of trade turnover as fees (dividends) you looking at annual earnings per share of $468!
Berkshire Hathaway will be doing an earnings per share thats twice as good, but each share cost $176,807.
So where does that put PTS...

So a competitive service will have allot of space that it can gobble up.

Perhaps the price is depressed due to perceived risk. I believe when Keyhotee launches people will be able to see something tangible and perceived risk may be reduced.