BitShares PTS2 - Community Input Thread

[betax]

Why not launch PTS2 when AGS donation is finished? Or finish it early if required.

Then make PTS2 = PTS + AGS, this will keep it simple further on as new DACS will honour PTS2.

AGS will become liquid as it has already serve its purpose.

Let PTS die and do a transition as it has been suggested.

[xeroc]

Snowballs = ponzi?

[pgbit]

new name themes?
PTS2=
slightly off traditional lines: "Snowballs"
"Bitshares-i" = Bitshares Invest

[JoeyD]

In response to Adam B Levine, Mess, Werneo and Stan as central communication manager you cannot burn the 15% (I know it's silly to even suggest otherwise, but Adam B Levine was not suggesting proof of burn of the PoW-PTS, because that obviously would not work) nor give them to current PTS-holders for the reasons that have been explained already repeatedly like in the links below.

Some remarks that have now been repeated several times on this forum even on different threads really makes me wonder if people have a clue what they are talking about, but that doesn't seem to inhibit them from making accusations or voicing their opinion and drowning out the real arguments. How do you propose Invictus to just magic the old pts out of existence? If they could actually do that what are you even investing in? What's the point of projects like this if some central group had that kind of power? Invictus can't force the market to chose their way and if the market choses against Invictus DPoS-PTS, they will have to honor that choice. Click on the links below if you don't get what I'm talking about.

It's getting a bit tiresome to see the same thing explained over and over again and the discussion just looping back to the same misconceptions as if nothing happened, seems a forum is not a good way to discus this.

https://bitsharestalk.org/index.php?topic=4648.msg59085#msg59085
https://bitsharestalk.org/index.php?topic=4648.msg59209#msg59209
https://bitsharestalk.org/index.php?topic=4636.msg59213#msg59213
https://bitsharestalk.org/index.php?topic=4658.msg59215#msg59215
https://bitsharestalk.org/index.php?topic=4648.msg59274#msg59274

Back to suggestions, I've come up with a 3-rd one and this one is a winner for sure.

Give it all to me and then I'll flaunt around showing how rich I became off of bitshares that'll be sure to reach the mainstream media. I could even organize a public poll on this forum for the most ridiculous way to do it. For example moon Putin / Obama or another public figure of choice depending on what'll get most attention with bitshare millionare tattooed on my butt-cheeks. Or crash a high-profile / high-society dinner party with a couple of pornstars with enough doubly inflated real-estate to have readable advertisementspace for the words "You could be here if you were a bitshare millionaire". I'm considering  the slogan "I'm a bitshare millionaire and I don't care", but I'm open to suggestions.

[checkrasier]

PTS, AGS, BTS, PTS2..... what about KISS?





If you can't actually kill PTS then hard fork and move on.... it is certainly less confusing for the general public and won't require a bunch of "marketing" funds to execute. 

[donkeypong]

I'm almost entirely in AGS now, just saving a bit of PTS in case the AGS donation ratio goes even higher.  My concern about the 15% is entirely on principle and expected public perception as based on those principles.  The way I see it, the default option if no action were taken is that the PTS chain would die, and PTS would become illiquid but frozen at a higher final stake per unit than originally expected.  This is obviously not ideal, so I think the transition to DPOS to keep it liquid is obvious, but I think altering the final stake per unit, and the distribution method of those units from the default requires some debatable justification.

...
You hit on one of the key criteria:  recipients should have to prove they actually want to participate.  General air drops don't do that. 

Ideally though, the activity should include something that results in the participant actually learning about the value of what they are claiming and why its a better idea to hold onto your winnings while there are so many DACs in the pipeline. 

Proper "value training" would address your concern about inflation, since most of the distribution would remain off the market.

The beauty of the Google Fiber solution (and I think the reason Google chose it) is that it recruits community members who value the product to convince the rest of their communities that they should value the product (and recruit others).  Viral "value training" within the community is basically the only way for that community to win, and we only have to offer the prizes and plant the initial seeds.

This is good.  A viral component puts the strategy into a whole new category.

What did you think of Elon Musk's strategy where everyone got $10 for signing up and $10 for each person they signed up?

Theoretically, a million dollars could motivate maybe 50,000 sign-ups...

Of course, we'd have to decide what it means to "sign up".    Getting 50,000 users for Keyhotee waiting for all our DACs to plop into their wallets would seem to take things to another level...

Combine that with your idea - competing to be the most private/secure communities, for example - would be a nice synergy.

Absolutely. I would suggest targeting some selected colleges and universities and hiring/training a few student ambassadors at each to market the heck out of this and get as many students as possible to download Keyhotee. Viral, viral, viral.

[Troglodactyl]

...

This is good.  A viral component puts the strategy into a whole new category.

What did you think of Elon Musk's strategy where everyone got $10 for signing up and $10 for each person they signed up?

Theoretically, a million dollars could motivate maybe 50,000 sign-ups...

Of course, we'd have to decide what it means to "sign up".    Getting 50,000 users for Keyhotee waiting for all our DACs to plop into their wallets would seem to take things to another level...

Combine that with your idea - competing to be the most private/secure communities, for example - would be a nice synergy.

The sign up idea is interesting, but I see some messy issues with it.  If all it takes is signing up, a high percentage are likely to sign up and cash out without taking time to learn why they should stay.  Also we certainly don't want to pay some guy a million dollars to create 50,000 spam accounts on our chain, but at the same time any sort of identity verification to prevent that will be terribly unpopular in this field...

If the stake is based on snapshots of chains, but claimed through Keyhotee, then we could eliminate the profitability of dummy accounts and retain the benefits of requiring account creation.  Some would still claim their share just to sell it, but selecting the chains based on expressed demand should still help that some.

I think the more complicated and drawn out the distribution strategy, the greater the risk of negative public opinion on this.

[xeroc]

I am fine with Stan and how openly he addresses concerns of the community .. id really like to meet stan in person some day

[mess]

So, basically, this is an "Input Thread" where only inputs that are not against Stan's stance will be accepted and taken into consideration.

Watch and see!   

I've been watching you guys since day 1, made huge investments all along. I understand that I shouldn't spit out some dirty words in this forum, but they pretty much expressed my anger, and I don't think I'm alone on this matter. And I take back those F words I've said. But, honestly, I don't think you, Stan, is a proper PR guy for this project, and it's best for you to step down from your throne and hire someone else who's more open and professional.

Here's my thoughts on the PTS upgrade:

• The real issue with PTS is the slow block rate, which can be easily solved with a hard fork that adapts faster diff adjustment.
• If 3I is so determined to get away with PoW and go for the unverified DPOS, I'm okay with that. But the unmined PTS should not be under 3I's control in any form (reverseangel fund, etc).
• Please don't let PTS1 and PTS2 co-exist. You have no idea what that means. [\li]
  

I was going to reveal my true identity to get your attention, but I don't think it's necessary anymore.

[Stan]

I'm almost entirely in AGS now, just saving a bit of PTS in case the AGS donation ratio goes even higher.  My concern about the 15% is entirely on principle and expected public perception as based on those principles.  The way I see it, the default option if no action were taken is that the PTS chain would die, and PTS would become illiquid but frozen at a higher final stake per unit than originally expected.  This is obviously not ideal, so I think the transition to DPOS to keep it liquid is obvious, but I think altering the final stake per unit, and the distribution method of those units from the default requires some debatable justification.

...
You hit on one of the key criteria:  recipients should have to prove they actually want to participate.  General air drops don't do that. 

Ideally though, the activity should include something that results in the participant actually learning about the value of what they are claiming and why its a better idea to hold onto your winnings while there are so many DACs in the pipeline. 

Proper "value training" would address your concern about inflation, since most of the distribution would remain off the market.

The beauty of the Google Fiber solution (and I think the reason Google chose it) is that it recruits community members who value the product to convince the rest of their communities that they should value the product (and recruit others).  Viral "value training" within the community is basically the only way for that community to win, and we only have to offer the prizes and plant the initial seeds.

This is good.  A viral component puts the strategy into a whole new category.

What did you think of Elon Musk's strategy where everyone got $10 for signing up and $10 for each person they signed up?

Theoretically, a million dollars could motivate maybe 50,000 sign-ups...

Of course, we'd have to decide what it means to "sign up".    Getting 50,000 users for Keyhotee waiting for all our DACs to plop into their wallets would seem to take things to another level...

Combine that with your idea - competing to be the most private/secure communities, for example - would be a nice synergy.

 

[gamey]

How many PTS do we need in the new snapshot to get a ride in Stan's Bentley ?

Edit - BOOTH BABES !!!! Yea thats the ticket.  1 million worth of booth babes at the next major conference !!

[Stan]

So, basically, this is an "Input Thread" where only inputs that are not against Stan's stance will be accepted and taken into consideration.

Watch and see!   

[mess]

So, basically, this is an "Input Thread" where only inputs that are not against Stan's stance will be accepted and taken into consideration.

[Troglodactyl]

I'm almost entirely in AGS now, just saving a bit of PTS in case the AGS donation ratio goes even higher.  My concern about the 15% is entirely on principle and expected public perception as based on those principles.  The way I see it, the default option if no action were taken is that the PTS chain would die, and PTS would become illiquid but frozen at a higher final stake per unit than originally expected.  This is obviously not ideal, so I think the transition to DPOS to keep it liquid is obvious, but I think altering the final stake per unit, and the distribution method of those units from the default requires some debatable justification.

...
You hit on one of the key criteria:  recipients should have to prove they actually want to participate.  General air drops don't do that. 

Ideally though, the activity should include something that results in the participant actually learning about the value of what they are claiming and why its a better idea to hold onto your winnings while there are so many DACs in the pipeline. 

Proper "value training" would address your concern about inflation, since most of the distribution would remain off the market.

The beauty of the Google Fiber solution (and I think the reason Google chose it) is that it recruits community members who value the product to convince the rest of their communities that they should value the product (and recruit others).  Viral "value training" within the community is basically the only way for that community to win, and we only have to offer the prizes and plant the initial seeds.

[Stan]

Wow, I wonder why PTS is up 31.6% on coinmarketcap.com?

Back in the Top Ten!

Any theories?