What allocation are you doing in the genesis block?
I'll allocate only 1% , i'd like people to actually mine this, rather than depending on their PTS to just accumulate them stake. While it benefits the company to have a wider user base, i'll also need people to make real investment in the ideas and ventures. But since we all seem to be on good terms, NIG will be participating and assisting I3 in all ways possible, including funding mutually beneficial projects.
Again we see the limitations of defining in text what the invisible hand wants. Seems like so far the invisible hand wants 1% rather than the 10% prescribed.
As far people offering 1% and preferring to 'mine' it into existence... I just shake my head. Obviously you are attempting to mirror our business model in some manner and imbuing your coins with additional backing. Without a 10% honoring we will not be able to back, promote, or otherwise support your coin.
People mine shares so that they sell them for profit, they expend resources and time in an effort to accumulate the assets which they they divest at a profit. The assets gain value by miners evaluation of the cost of their mining operation and their expected returns. Mining, and expenditure of resource to gain these shares gives these resources value, this is why PTS was mined, people anticipated that they would earn profits from possession and trade of PTS. NRS is similar in many ways. My choice to give 1% to PTS is not in anticipation of what I3 builds, but an effort to grow the user base of NRS. People are free to redeem or not to redeem. The "backing" you speak of at 1 % is actually non existent, rather it is the other way round since i am giving basically free "value" to holders of PTS. They have not expended any resources to gain these shares, they are simply a product of goodwill and good business strategy. If NRS was directly interchangeable in the same way provided for PTS then you could say that i have imbued value into the company, but i cant can I?
Without a 10% honoring we will not be able to back, promote, or otherwise support your coin.
Backing, promote and support. PTS factors heavily in some of the ideas being developed, but if the community is against us because we refuse to pay 10% homage but 1% then perhaps that support is over-priced. The NIG is not seeking to be the underling but an equal partner which is why i said i look forward to working TOGETHER, not FOR. I've already pointed out that NIG is giving value to PTS holders "free" of charge, the idea is not competition but to cooperate and create a whole new industry.
Obviously you are attempting to mirror our business model
If you look for NoirBank, you'll find that these ideas were circling my head long before most people knew about I3, i'll admit your implementation has given me many ideas, but i had been thinking in this sphere for quite a while.
In fact NO...i do not agree with the autonomous part which is why you'll find i am creating corporate structures that will govern everything. A Dispersed Liability Decentralized Corporation more like which has both online and real world infrastructure.
I have not read through all of this so let me please first say that this post may be taken down after I read further, but I will say that personally, I intend on interviewing and otherwise running a little show that will honor those devs who honor PTS/AGS holders. At this juncture, I mine, but very little compared to my initial cloud-mining experience and mostly wish to serve this cause for altruistic reasons. However, I also understand that if the difference between 10% and 1% honoring in the ultimate money supply is given specifically to miners then I (and all other non-mining investors) are at a significant disadvantage, which means a smaller community.
It is my sincere hope that we do not let these types of things cause more division (ethereum and other similar platforms' devs will not be so divided). The value is NOT in the faceless units of the currency but in the people who choose to spend just an extra second or two talking about a particular crypto to friends (I want to build a show around it as the community grows). When that base of people trying to tell people about crypto is primarily consisting of day-traders and big-boy miners...I think it starts to make me wonder why I would want to help the only them instead of an entire community.
It feels too technocratic...and I've had enough of that in Wall Street. PTS, if the social consensus is held, can become a cryptocurrency that allows "plebians" in the new technocracy an ability to essentially "mine" their own coins in the company they believe in AND bootstrap that company before it even comes out...
When the Devs who come on board and the Devs with Invictus can come to terms with the consensus that initially brought the entire community along, I think we will have something to talk about. Personally, though I appreciate everything Barwizi has done for this group, I would not be willing to accept this as falling in line with the Social Consensus I bought into when I started mining/buying PTS and not only does that add more uncertainty to the value of PTS in my eyes (already), but also in NoirShares. With that said, "value" in this definition is not represented by a main-stream monetary unit NoirShares and BitShares PTS can be converted to, but by human capital and the HUGE spectrum of skillsets and passions that come along with them. I am passionate, and I know the value of that
Barwizi...it is apparent to me, you are a miner. I hope you will see the forest for the trees and understand I and other active members of the community will definitely bring value over time. It will simply require a little leap of faith, a deep breath and the time it takes to rise high enough into the atmosphere to see the entire forest
Just my two cents.
P.S. Should you change your mind I'd love to chat with you sometime about your ideas and those of any other talent helping you (they deserve recognition and reputation for doing so). And post it to a youtube channel. In the vein of recognition and reputation, I would love to chat with you about some of the other projects you have finished that have made the experience of PTS holders much easier regardless your decision.
Topic: Noir Investment Group : NoirShares (Read 80533 times)
