Author Topic: Repost: Announcing AGS & BitShares Allocation  (Read 17928 times)

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Offline pariah99

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #30 on: January 14, 2014, 04:22:24 am »
This may be a really dumb question, but at what level of precision are AGS going to be calculated?  I am assuming 8 decimal places, but if it's less, I'm curious; also, if they're less, it would be nice to know if they are going to be truncated or rounded.

I only ask because I'm considering trickling in my daily mined PTS > AGS.

Offline bytemaster

Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #31 on: January 14, 2014, 04:25:59 am »
This may be a really dumb question, but at what level of precision are AGS going to be calculated?  I am assuming 8 decimal places, but if it's less, I'm curious; also, if they're less, it would be nice to know if they are going to be truncated or rounded.

I only ask because I'm considering trickling in my daily mined PTS > AGS.

This is a very good question and I think my answer is that you should be considerate and send every small donation from the SAME source address.  Then when we build the genesis block it will only be 1 output rather than many small ones.   I would rather not make a rule on this, but for the sake of clarity I am going to make the min threshold to be 0.001 AGS

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Offline pariah99

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #32 on: January 14, 2014, 05:10:40 am »
Would that apply to the intermediate calculations as well (I hope not)?  At some point you're going to have to calculate the intermediate payments for the daily distribution, although this would be prior to the genesis block so it wouldn't really need to be coded in.

Besides, agsexplorer/angelshare.info have done all of the legwork for calculating the shares, and they're at least 8 decimal precision to boot.  I'm hoping that you just take a final tally using a similar method and then apply the truncation/rounding :3

Offline bytemaster

Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #33 on: January 14, 2014, 05:22:38 am »
Would that apply to the intermediate calculations as well (I hope not)?  At some point you're going to have to calculate the intermediate payments for the daily distribution, although this would be prior to the genesis block so it wouldn't really need to be coded in.

Besides, agsexplorer/angelshare.info have done all of the legwork for calculating the shares, and they're at least 8 decimal precision to boot.  I'm hoping that you just take a final tally using a similar method and then apply the truncation/rounding :3

Does not apply to intermediate calculations.  I just want to minimize dust in the new chains.  I will not truncate or round so if you have 1.111111111 PTS you end up with 1.1111111 BTS  but if you only have .0001 PTS you end up with 0 AGS.

I say all of this as merely a proposal to encourage people to combine their balances to one address prior to launch to minimize the size of the genesis block in new chains.   Of course every chain creator can choose how to round or if to round, so perhaps I should set no official policy.   
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Offline dxtr

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #34 on: January 14, 2014, 05:06:18 pm »
If I understand correctly, then maximum blockchain for every new chain is fixed, and if it reaches it's maximum size, then the oldest blocks, one by one, disappear into nothingness.

If this is right reasoning then why should anyone care about genesis block size, since sooner or later it will go?

Shouldn't then everyone be given even the smallest amount of any promised asset?

Who can predict if, over time, even 0.00000001PTS will have or have not a value of some significance?

And also genesis block will be the same for every new chain respecting Consensus, then it's initialization will only be done once in history, with optional later additions to it.
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Offline bytemaster

Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #35 on: January 14, 2014, 05:26:34 pm »
This is a good point, given the roll over nature we could potentially allow full precision.  I just don't want a 300 MB genesis block full of meaningless .00000001 inputs that cannot be spent because they are lower than the minimum transaction fee.

;)
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Offline sschechter

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #36 on: January 14, 2014, 05:39:37 pm »
This may be a really dumb question, but at what level of precision are AGS going to be calculated?  I am assuming 8 decimal places, but if it's less, I'm curious; also, if they're less, it would be nice to know if they are going to be truncated or rounded.

I only ask because I'm considering trickling in my daily mined PTS > AGS.

This is a very good question and I think my answer is that you should be considerate and send every small donation from the SAME source address.  Then when we build the genesis block it will only be 1 output rather than many small ones.   I would rather not make a rule on this, but for the sake of clarity I am going to make the min threshold to be 0.001 AGS



How do you specify this?  I keep having new addresses being generated.  All of my donations have been at least 1PTS or greater, so I'm not worried about the decimal issue, but its getting to be inconvenient tracking all of my donations.
BTSX: sschechter
PTS: PvBUyPrDRkJLVXZfvWjdudRtQgv1Fcy5Qe

Offline bytemaster

Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #37 on: January 14, 2014, 05:50:51 pm »
This may be a really dumb question, but at what level of precision are AGS going to be calculated?  I am assuming 8 decimal places, but if it's less, I'm curious; also, if they're less, it would be nice to know if they are going to be truncated or rounded.

I only ask because I'm considering trickling in my daily mined PTS > AGS.

This is a very good question and I think my answer is that you should be considerate and send every small donation from the SAME source address.  Then when we build the genesis block it will only be 1 output rather than many small ones.   I would rather not make a rule on this, but for the sake of clarity I am going to make the min threshold to be 0.001 AGS



How do you specify this?  I keep having new addresses being generated.  All of my donations have been at least 1PTS or greater, so I'm not worried about the decimal issue, but its getting to be inconvenient tracking all of my donations.

This was a bounty that produced a variation on the PTS wallet to handle this.  If you use Armory with coincontrol for BTC that is another option.  I personally do not have the answers here.  People in the TechSupport section are being paid to help with these issues.
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 pariah99

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Re: Repost: Announcing AngelShares & BitShares Allocation
« Reply #38 on: January 14, 2014, 05:52:07 pm »
How do you specify this?  I keep having new addresses being generated.  All of my donations have been at least 1PTS or greater, so I'm not worried about the decimal issue, but its getting to be inconvenient tracking all of my donations.

You could transfer your PTS to a single wallet before donating it to the AGS address.  If you're talking about multiple addresses for the same wallet, I don't think it will be that much of a problem since they all share the same private key.

Regarding what Bytemaster said about allowing future DACs to determine how to interpret digit significance: I think it would be useful to have a canonical AGS distribution published by Invictus; otherwise, there might be some fragmentation in how people interpret the social contract.

To be clear - I'm not suggesting that you require DACs to award to a certain decimal significance - merely suggesting that there be an official summation per address of AGS.

Offline mx1000

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #39 on: January 24, 2014, 09:37:38 pm »
How can I acces the AGS ? Or is that later added ?

Also how can I check howmuch AGS I have recieved that day of donation (actually) ?

I don't understand...

Also in the end whats this VS protoshares :o?
« Last Edit: January 24, 2014, 09:49:37 pm by mx1000 »

Offline cryptkeeper

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #40 on: January 24, 2014, 11:02:17 pm »
If we donated from both pts and btc address, will it be possible to import both private keys into the bitsharex account at the same time to claim our ags?

Offline valtr

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #41 on: January 25, 2014, 01:43:07 pm »
If we donated from both pts and btc address, will it be possible to import both private keys into the bitsharex account at the same time to claim our ags?

Yes it is possible. AGS are divided equally on daily basis among PTS and BTC donation address. The only requirement is that it is your own walet.

This is original bytemaster statement:

Don't send donations from anywhere but your own wallet!
DAC developers will initialize their genesis blocks to honor the key where your donation came from!

Offline gulu

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #42 on: January 26, 2014, 05:52:57 pm »
It may have been answered elsewhere. My question is who owns the BTS allocated to the PTS that were sent for AGS exchange, assuming not all PTS are spent before BTS launch.  Is it invictus? Or do these PTS receive BTS at all?
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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #43 on: January 26, 2014, 06:55:46 pm »
It may have been answered elsewhere. My question is who owns the BTS allocated to the PTS that were sent for AGS exchange, assuming not all PTS are spent before BTS launch.  Is it invictus? Or do these PTS receive BTS at all?

I3 gets them (the PTS and the subsequent BTSX)

Offline santaclause102

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #44 on: January 26, 2014, 11:21:26 pm »
They keep them.
See OP:
Quote
"What happens to all the donations?"

100% of the proceeds go to growing the crypto-equity industry. Zero percent  will be retained as profits Invictus.