Author Topic: Repost: Announcing AGS & BitShares Allocation  (Read 17107 times)

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Offline bytemaster

Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #15 on: January 02, 2014, 06:19:02 am »
We took all donations for Founder IDs and are going to allocate them as if they were Angel donations.
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 santaclause102

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #16 on: January 03, 2014, 02:39:47 pm »
It was said that Angel Shares are less likely to honored by other (than I3) DAC developers than PTS. Why?

Offline Stan

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #17 on: January 03, 2014, 05:00:00 pm »
It was said that Angel Shares are less likely to honored by other (than I3) DAC developers than PTS. Why?

Misconception. AGS was originally viewed as Invictus-specific.  We are only the caretakers, the management agents by which members of the community can crowd-fund common infrastructure and the ecosystem on which other DACs can quickly build. 100% of the funds raised are recycled back into the community to fund development and promotion by the community.   Once the toolkit, infrastructure and ecosystem are built it belongs to the stakeholder community, not Invictus.

So now, as a DAC developer do you want to build on top of that ecosystem without honoring those that sacrificed to build it?  How do you think those PTS and AGS holders collectively would view a new DAC that dissed their contributions?  Who else will understand and appreciate your new DAC if you alienate them?

Would you rather build your own ecosystem and come up with the money to do that all over again independently?  Why?  To save 20% that would otherwise be given away in mining lotteries in an attempt to attract attention from somehow knowledgable non-stakeholders?

These are question every developer must ask.  What do you think the wisest will choose?   :)



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 santaclause102

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #18 on: January 03, 2014, 05:18:52 pm »
What it the "toolkit, infrastructure and ecosystem" you are talking about that other DAC devs would profit from? Is is "just" (can be a lot) the attention of PTS/AGS holders? OR is it that other DAC devs would build upon I3 codebase which PTS holders helped to finance?

This was an interesting clarification bu my original question was comparing AGS to PTS in their potential to be honored by DAC devs other than I3. I was asking about the difference of PTS and AGS in that respect...
 

Offline bytemaster

Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #19 on: January 03, 2014, 05:20:14 pm »
What it the "toolkit, infrastructure and ecosystem" you are talking about that other DAC devs would profit from? Is is "just" (can be a lot) the attention of PTS/AGS holders? OR is it that other DAC devs would build upon I3 codebase which PTS holders helped to finance?

This was an interesting clarification bu my original question was comparing AGS to PTS in their potential to be honored by DAC devs other than I3. I was asking about the difference of PTS and AGS in that respect...

3rd parties built on our code would be subject to the SCSL license which would require them to honor PTS and AGS.
3rd parties built on Bitcoin would be free to do anything.

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 santaclause102

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #20 on: January 03, 2014, 06:08:41 pm »
Is it I3's primary goal to have other developers building upon I3 code base? Or will PTS/AGS (both having the same potential here?) primarily be honored because of the attention the new DAC would get from honoring PTS?   

Offline bytemaster

Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #21 on: January 03, 2014, 06:24:48 pm »
Is it I3's primary goal to have other developers building upon I3 code base? Or will PTS/AGS (both having the same potential here?) primarily be honored because of the attention the new DAC would get from honoring PTS?   

Our goal is to have many DACs built on our code.
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 santaclause102

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #22 on: January 03, 2014, 07:58:31 pm »
Is it I3's primary goal to have other developers building upon I3 code base? Or will PTS/AGS (both having the same potential here?) primarily be honored because of the attention the new DAC would get from honoring PTS?   

Our goal is to have many DACs built on our code.

....by other developers than you?

Offline bytemaster

Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #23 on: January 03, 2014, 07:59:05 pm »
Is it I3's primary goal to have other developers building upon I3 code base? Or will PTS/AGS (both having the same potential here?) primarily be honored because of the attention the new DAC would get from honoring PTS?   

Our goal is to have many DACs built on our code.

....by other developers than you?

Yes, we are already working with several 3rd parties.
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 santaclause102

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #24 on: January 03, 2014, 08:13:32 pm »
Ok. Thanks. I'm still wrapping my head around it. My initial question was: Are those 3rd parties more likely to honor PTS or AGS with respect to the structure/qualities of both shares? 

Offline bytemaster

Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #25 on: January 03, 2014, 08:21:38 pm »
Ok. Thanks. I'm still wrapping my head around it. My initial question was: Are those 3rd parties more likely to honor PTS or AGS with respect to the structure/qualities of both shares?

So far they plan on honoring both because they want my input / guidance and that is my primary condition to working with people.  They also want to use our code / team / market.
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 santaclause102

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #26 on: January 03, 2014, 08:35:09 pm »
Ok. Great, thanks for the clarifications.

Offline Stan

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #27 on: January 03, 2014, 09:42:08 pm »
Ok. Thanks. I'm still wrapping my head around it. My initial question was: Are those 3rd parties more likely to honor PTS or AGS with respect to the structure/qualities of both shares?

Its all about getting attention from everybody who is a player in the DAC universe.

Honoring either will get a new DAC positive attention.
Ignoring either will get a new DAC negative attention.

Over time, it will be much less about getting support from Invictus and much more about pleasing all those stakeholders.

If we were to vanish, it would still be all about those stakeholders. 

We are building a Decentralized Autonomous Community. 
That community will build the Distributed Autonomous Companies.
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 Koontas

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #28 on: January 06, 2014, 11:20:43 pm »
Alright, let's see what happens.



Offline 5chdn

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #29 on: January 12, 2014, 04:51:50 pm »
Announcing tradable Angelshares (tAGS) Service, have a look. https://bitsharestalk.org/index.php?topic=2275.0