Author Topic: ANGELSHARES SOCIAL CONSENSUS LICENSE  (Read 438 times)

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Offline barwizi

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ANGELSHARES SOCIAL CONSENSUS LICENSE
« on: January 10, 2014, 01:01:52 pm »
This is the current SCSL

https://docs.google.com/document/d/1PGMvn2kMHQCK1ji4ieOV9Bt2wusq81C33GVxjzKEHSg/edit?usp=drive_web

It is structured to protect the investments of everyone involved with PTS AGS and all subsequent products. It also encourage people to work in the community and bring value instead of taking it out.

+ 1 if you like it
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Offline fuzzy

Re: ANGELSHARES SOCIAL CONSENSUS LICENSE
« Reply #1 on: January 22, 2014, 12:10:34 am »
"the Alternative DAC shall allocate at least 10% of the Money Supply, proportionally to the holders of PTS, and at least 10% of the Money Supply, proportionally to the holders of AGS (the “Social Consensus”) at genesis"

So I have read two alternative schools of thought on how this works.  One is exactly how you described it, which makes AGS exacly like PTS only they can be considered to have a time until they reach "maturity", at which point they will be allowed to float on the market as well.  Is this correct?

I ask because there is an alternative viewpoint on the forums expressed that states AGS will only be honored by BTS chains...

Looks good though. 

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Offline Armchair Miner

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Re: ANGELSHARES SOCIAL CONSENSUS LICENSE
« Reply #2 on: January 22, 2014, 08:26:11 am »
2 things:

1/ tl;dr please?

2/ please define "Enforcement" as used in the doc.