Author Topic: Repost: Announcing AGS & BitShares Allocation  (Read 17923 times)

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Offline Stan

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #60 on: January 31, 2014, 05:14:43 pm »


OK, they "span all".

So does that mean there will be one fixed "genesis block" set of participants, that will be used for all subsequent DAOs?  And if you sell the first Bitshares, once they are trading, you will not be selling your right to have those shares in subsequent genesis blocks, be owned by you?

Brent Allsop

If you are releasing an upgrade to an existing DAC, you should naturally honor the current BTS ownership status not reset it to PTS and AGS holders at that time.

If you are releasing a completely new DAC you would naturally honor PTS and AGS holders at that time, not BTS.

Where it gets really interesting is when you use BitShares infrastructure to launch a directly competing DAC.  Then you might use the remaining uncommitted 80% to honor your competitor's shareholders and instantly inherit their user base.  As long as the first 20% honored PTS and AGS at that time you would probably achieve a winning consensus.

Your actual mileage may vary.  It is up to each developer to find a consensus their targeted base will accept without leaving a competitor able to offer that base a cloned better deal.


« Last Edit: January 31, 2014, 05:19:38 pm by Stan »
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Offline Brent.Allsop

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #61 on: January 31, 2014, 07:32:39 pm »

Hi Stan,

Thanks for all the help with this.  I thought this was a simple question, but it's much more complicated.

So when new DACS are created, what determines who get's the initial shares.  It looks like it will be different for each DAC?

And is there a list of possible DACS, possibly prioritized, which AGS and PTS owners will get in on?

Brent Allsop


Offline Stan

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #62 on: January 31, 2014, 10:57:01 pm »

Hi Stan,

Thanks for all the help with this.  I thought this was a simple question, but it's much more complicated.

So when new DACS are created, what determines who get's the initial shares.  It looks like it will be different for each DAC?

And is there a list of possible DACS, possibly prioritized, which AGS and PTS owners will get in on?

Brent Allsop


At least 10% of the BitShares should be allocated to holders of BitShares PTS.
At least 10% of the BitShares should be allocated to holders of BitShares AGS.
The remaining BitShares should be customized to the needs of each BitShares chain.

The allocation depends on who holds them when each DAC is initialized.  Developers decide the last 80% so as to be most competitive.  If they get this wrong someone will offer a better deal to attract supporters and customers.

So, developers compete to have the best answer to your question!

Our forum is full of alternative DAC discussions.  The July Beyond Bitcoin Summit will include a competition to launch ~5 more...




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Offline Brent.Allsop

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #63 on: February 01, 2014, 01:48:17 am »

Thanks, Stan, that helps.

Is there a list of DACs somewhere that will abide by this allocation process?

What priority will they be developed, and how much work will be put towards each, and how will all that be decided?

Brent


Offline Brent.Allsop

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #64 on: February 01, 2014, 11:32:26 am »
The lack of an answer to this question is leading me to guess there isn't yet a formal list of proposed DACs?  A Canonizer.com survey topic would be one possible way of crowd sourcing and brain storming such a list.  Anyone could start a new camp for any proposed DAC.  Everyone supporting such could help wiki it.  Everyone could then support the camps in the order of importance relative to all other DACs, giving a quantitative relative ranking of interest in each.

Each camp could concisely describe the design of their DAC.  If any diversity of opinion showed up about the design of any camp, this diversity of opinion could be pushed to lower level supporting sub camps, where the amount of interest in each different opinion could be quantitatively tracked.  That would avoid the destruction of support for the DAC, due to any differences of opinion on the specs of each DAC.

We could create a super camp for DACs people thought should adhere to the angel share / photosphere contract you just described.  That super camp could concisely describe the contract.  That way all DACS willing to support such could be listed as supporting sub camps of that super camp.  If someone wanted to create a DAC that didn't support the contract, they could add this as a sibling / competitor to this contract supper camp, indicating such.  In that way, if anyone thought the same DAC should adhere to that contract, they could 'fork' the camp, one being under (in a supporting position to) the contract supper camp, and one not.  This would provide a quantitative measure of how much support there was for both, relative to all other camps.

« Last Edit: February 01, 2014, 11:45:36 am by Brent.Allsop »

Offline Stan

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #65 on: February 01, 2014, 04:02:36 pm »

Thanks, Stan, that helps.

Is there a list of DACs somewhere that will abide by this allocation process?

What priority will they be developed, and how much work will be put towards each, and how will all that be decided?

Brent

This month's newsletter will be out very soon. 
You should get some better insights from it.
 ;)

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 Stan

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #66 on: February 01, 2014, 04:16:33 pm »
The lack of an answer to this question is leading me to guess there isn't yet a formal list of proposed DACs?  A Canonizer.com survey topic would be one possible way of crowd sourcing and brain storming such a list.  Anyone could start a new camp for any proposed DAC.  Everyone supporting such could help wiki it.  Everyone could then support the camps in the order of importance relative to all other DACs, giving a quantitative relative ranking of interest in each.

Each camp could concisely describe the design of their DAC.  If any diversity of opinion showed up about the design of any camp, this diversity of opinion could be pushed to lower level supporting sub camps, where the amount of interest in each different opinion could be quantitatively tracked.  That would avoid the destruction of support for the DAC, due to any differences of opinion on the specs of each DAC.

We could create a super camp for DACs people thought should adhere to the angel share / photosphere contract you just described.  That super camp could concisely describe the contract.  That way all DACS willing to support such could be listed as supporting sub camps of that super camp.  If someone wanted to create a DAC that didn't support the contract, they could add this as a sibling / competitor to this contract supper camp, indicating such.  In that way, if anyone thought the same DAC should adhere to that contract, they could 'fork' the camp, one being under (in a supporting position to) the contract supper camp, and one not.  This would provide a quantitative measure of how much support there was for both, relative to all other camps.

We want to encourage decentralization of developers.  Publishing a long list of our plans might discourage others from picking one of our ideas to develop on their own.  So we have described many of them but will leave them up for grabs until we have found the right people to start work on one.  Watch the next newsletter to see our plan for this.

Meanwhile, I encourage you to start your proposed brainstorming camp.  More discussion and ideas are good for us all.
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 Brent.Allsop

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #67 on: February 01, 2014, 09:17:37 pm »


OK, Thanks Stan.

So I've started a draft of this Bitshare DAC brainstorm survey as described here:

http://canonizer.com/topic.asp/164/2

Remember, this is just a draft, so if anything needs fixing, just let me know and I'll fix it, or you can wiki the change yourself.

If anyone wants help creating a new DAC camp, or improving an existing one, just let me know.  All that is needed to start a camp is a camp name (limit 25 chars) and a camp title (limit 65 chars) to get a camp started.

Upwards,

Brent Allsop



Offline NineLives

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #68 on: February 10, 2014, 12:23:12 am »
Question with some confusion.

Can I donate PTS here:  http://www1.agsexplorer.com/

How do I get paid AGS shares.  Wallet? What am I missing?
Keyhotee / BTSX:  Merah    PTS:  PskEDN4AeWc1trW4zV7DGGTQi3y5LeVhFR 

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Offline Troglodactyl

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #69 on: February 10, 2014, 12:31:00 am »
Question with some confusion.

Can I donate PTS here:  http://www1.agsexplorer.com/

How do I get paid AGS shares.  Wallet? What am I missing?

Official information on AGS and PTS donations is here: http://invictus.io/bitshares-ags.php

Once the new DACs are out, you will import the wallet files from which you made the AGS donations into the new DAC applications.  Doing this will give you access to your shares in the new DAC, allocated to you in the genesis block.

Offline NineLives

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #70 on: February 10, 2014, 12:39:32 am »
Thank you for that,

Another question.  What times are a full day counted?  UTC?

Also, say I donated 100 PTS.  And so far there is someone who posts 400.  I assume the AGS bank is split?
Keyhotee / BTSX:  Merah    PTS:  PskEDN4AeWc1trW4zV7DGGTQi3y5LeVhFR 

BTC Mining Hardware IN STOCK NOW:  http://www.mininghardware.co.uk

Offline bytemaster

Re: Repost: Announcing AGS & BitShares Allocation
« Reply #71 on: February 10, 2014, 12:55:52 am »
Thank you for that,

Another question.  What times are a full day counted?  UTC?

Also, say I donated 100 PTS.  And so far there is someone who posts 400.  I assume the AGS bank is split?

Yes, you would receive 20% and they would receive 80%
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 NineLives

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #72 on: February 10, 2014, 01:05:31 am »
Thank you for that,

Another question.  What times are a full day counted?  UTC?

Also, say I donated 100 PTS.  And so far there is someone who posts 400.  I assume the AGS bank is split?

Yes, you would receive 20% and they would receive 80%

And the day is UTC midnight till midnight?
Keyhotee / BTSX:  Merah    PTS:  PskEDN4AeWc1trW4zV7DGGTQi3y5LeVhFR 

BTC Mining Hardware IN STOCK NOW:  http://www.mininghardware.co.uk

Offline bytemaster

Re: Repost: Announcing AGS & BitShares Allocation
« Reply #73 on: February 10, 2014, 01:15:43 am »
Thank you for that,

Another question.  What times are a full day counted?  UTC?

Also, say I donated 100 PTS.  And so far there is someone who posts 400.  I assume the AGS bank is split?

Yes, you would receive 20% and they would receive 80%

And the day is UTC midnight till midnight?

More or less... actual time depends upon when blocks are found, not when the trx is sent.
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 cygnify

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Re: Repost: Announcing AGS & BitShares Allocation
« Reply #74 on: February 20, 2014, 09:15:20 pm »
Do we have up to the 28th to send to this address? Thank you.