Author Topic: DNS-Pinky-Promise Bounties  (Read 1930 times)

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Offline toast

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Re: DNS-Pinky-Promise Bounties
« Reply #15 on: March 22, 2014, 02:29:57 am »
Oh I was just making the assumption that they'd claim it eventually for some reason no matter what so we would spend those in any case
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Offline santaclause102

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Re: DNS-Pinky-Promise Bounties
« Reply #16 on: March 22, 2014, 02:55:13 am »
I think in the Angelshares Allocation thread (not sure) it was said that XTS would not be claimed with AGS donations as this would make sonsense of the donation process. But maybe what was meant was that XTS are not claimed by AGS donations as III posession. But I think the first one was meant. Nevertheless your proposal might make sense.   

Offline bytemaster

Re: DNS-Pinky-Promise Bounties
« Reply #17 on: March 22, 2014, 03:05:16 am »
I think in the Angelshares Allocation thread (not sure) it was said that XTS would not be claimed with AGS donations as this would make sonsense of the donation process. But maybe what was meant was that XTS are not claimed by AGS donations as III posession. But I think the first one was meant. Nevertheless your proposal might make sense.

The AGS development fund now has PTS, XTS, and BTC on its books.   We can make the fund self sustaining by releasing DACs that add value faster than we spend AGS funds and everyone wins.
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Offline Stan

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Re: DNS-Pinky-Promise Bounties
« Reply #18 on: March 22, 2014, 03:05:52 am »
The statement we made was that all the dividends (new DAC shares) earned from donations would also be applied to the same purpose as the original donations -  to promote and grow the industry -- including R&D toward new families of DACs for others to build on.

So DNS shares can be used for any of those purposes -- but what more appropriate use is there than to fund the development of BitShares DNS itself?

In fact, that feels so profoundly "natural" I think you guys may have started a trend!

Talk about a DAC bootstrapping itself!  And people who contributed get a stake in what they helped to build.  Wow.


 
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Offline CLains

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Re: DNS-Pinky-Promise Bounties
« Reply #19 on: March 30, 2014, 11:53:31 am »
Very cool idea to use future angelfun-derived stakes in new DACs as present funding for those DACs. I can't help being baffled by the numerous simple innovations that come along that no one saw coming until right before it happened!