Topic: [ANN] BitShares 2.0 - page 45. (Read 153060 times)

There is no hidden agenda.. It's software and an attempt to do greater good that's all.

Thank you for bringing that up yet again!  It gives us the chance to tell other people about it.

When BitShares is fully mature, it will indeed be far safer than a Swiss Bank.
You'll know your money is really there and no one will be able to freeze or seize it.

Swiss banks used to be famous for their privacy and security.
Today, they will make your data available to any rogue government who asks.
And check out the new European banking laws since Cyprus proved they can get away with confiscating depositor funds.
"Bail-ins" are now the plan, not the outrageous exception.

We may one day actually use the Safer than a Swiss Bank slogan proposed on bitsharestalk.org when BitShares reaches full maturity.  But I appreciate it when someone mentions it early, because it reminds people of what we are trying to accomplish.

Wow, you are not only software development expert, you're also economics expert, where we can read your other works? 

Really?  That's the best excuse you guys can come up with?  Pathetic...

Let me tell you something... Regardless of me "understanding software development", which I DO, anybody with an ounce of ethics doesn't go around trying to convince people that something is "SAFER THAN A SWISS BANK" when in reality, they know there are issues still being worked out that will cost people money.  They also don't proceed to follow up their claim with "ASK ME WHY!"

The truth of the matter is anybody who truly understands what Bitshares is knows that the peg will never hold because without full convertibility you cannot have parity!  They will play this game until they bleed everyone dry.

You ever work for a company that has a software team? You don't understand software development.

Just for you DE... https://www.youtube.com/watch?v=RhmUnk454MA 

I'm sure all the people who have lost money so you could learn these "lessons" will be thrilled.  I guess, maybe, Bitshares isn't...


I'd ask if you really believed it was ethical to lead people to believe a system was "Safer than a Swiss Bank" when you yourself acknowledge that "lessons" are still being learned and state that you and Dan prefer all "testing" happen on the main chain, but I believe I have my answer from your intention of monetizing your testnet.  How's that going by the way?  Have you found any suckers yet?


The anticipation is killing me.  Pump much?

Shut up and my money!  Sir!

Here's this weeks global public meeting where Bytemaster answers a ton of live questions.
I hope some of you guys attended.
If not, see you next week!

If you want to prove that you are not troll, at least make and post here your funny posters about BitShares 2.0, because it's dedicated thread for BitShares. 

PS: Please don't post here your old posters from other threads.

Ah!  Sure.

Easiest way to figure that out is to get a BitShares wallet and import your old PTS wallet and see how many BitShares and PeerTracks NOTEs show up.  You'll need to do the same thing with the PLAY wallet.

The value of PTS is mostly in the the re-use of its wallet's keys in the wallets of coins that honored PTS with some of their tokens.  Holding PTS at those points in time gives you rights to some of those assets.

It sounds like you held your ProtoShares (PTS) through all the 2014 snapshots, so it should be good for stake in everything that honored PTS.

Then you need to sum up the value of all those various tokens at current market prices.

(I've asked the folks at bitsharestalk.org to work through your example with real numbers.)

https://bitsharestalk.org/index.php/topic,16873.msg216076.html#msg216076

1 protoshare should equal x bitshares, and x this chain,  and x that chain. So what value is the protoshare now?


edit (in this example after the bitshares conversion the protoshares were sold, cause if they're still out there it will fuck my example)

let me rephrase.

lets ignore that protoshares might be out there with a life of their own.

If I bought 1 single protoshare back when it was just protoshares what is that protoshare worth now? How do I calculate this.

Lets take a random time, say when the snapshop from protoshares to bitshares the first (or whatever it was called) happened, as the price.


Something like this , (these are made up numbers)
1 protoshare was worth $10 at the snap shot. Now due to merging it is worth .10

Ya following me?

The value of protoshares (BitShares PTS) is always tied to the number of new chains that have promised to honor PTS holders when they launch.  It tends to rise in value as the appointed "snapshot" date approaches and drops immediately afterward when much of its value transfers from PTS to shares in the new DAC.  This sawtooth price shape is characteristic of PTS's role as a surrogate for speculating on the value of chains that have not yet been launched.

Most of PTS's past value has transferred to the chains that have already honored it: BitShares, BitShares Music and BitShares Play, etc.  Going forward, BTS holders are probably the most desirable demographic that new chains will want to "sharedrop" on.  So, while PTS is still out there as a sharedrop target with its own demographic, its value will depend on what other new chains announce an attention to honor PTS instead of or in addition to honoring BTS as its more active and desirable demographic heir.   

But past PTS holders have already received tremendous value from holding it when it matters, regardless of what happens now.

What is a protoshare worth now?

If i remember right they were something like $3-$10 back before the first change. Have they increased or decreased? I honestly have no idea from all the shuffling that happen(s)ed

It's pretty simple: Protoshares were meant to give you a stake in "all developements". At some point the decision was made that features that were supposed to be implemented with separate chains (Voting and colored coins and DNS mostly) are integrated into the chain of the decentralized exchange (Bitshares X for Exchange at that time). -> Renaming from Bitshares X to Bitshares. In this process AGS and Protoshares holders and the https://followmyvote.com/ team in total got an extra 20% in the new "super chain" (Bitshares). Follow my vote got 3% and AGS and PTS holders each 17/2 % (roughly; simplification because 3% went to the colored coins project which mostly anyway in turn went to PTS/AGS holders).
         The initial promise was 10% at least to PTS holders of all chains. It ended up being 50% for PTS and 50% for AGS (fundraiser coin).
          All in all PTS/AGS holders got more BTS than they had with BTSX (BitsharesX) (roughly 17% more) but did not get any stake in separate chains for DNS, colored coins and voting because they were not realized. BTSX holders were diluted 20% for the integration of DNS, colored coins and voting features into the chain that was initially only meant to do the decentralized exchange. The reason for all this was that Dan (Bytemaster) was faced with the challange of dividing his loyalty to these various projects (DNS, Vote, X etc.) which even might have competed. Another reason was increased network effect. This was solved by integration of all these features into one chain.
           This is all well documented and was discussed all in public:
https://bitsharestalk.org/index.php?topic=10214.0
https://bitsharestalk.org/index.php?topic=10279.0
It was a trade of decision no ill will. The same trolls that spam this threat made it into a drama.

Better to self moderate threads these days.. Trolls really have no life.