Topic: [ANN]BitXFund:Descendant of BitShares - page 3. (Read 5714 times)
I've seen so many NXT clones all looking exactly the same as this post ... unless the OP introduces himself and shows he has even the knowledge to successfully fork a chain I will not be interessted in this project .. nor will I pay a single satoshi
Everyone in this thread should at least read all the stuff on bitshares.org before they give this guy money
Exactly this...and...
Bitshares code will be extremely ground breaking (experimental) upon launch and may require forks or complete resets based upon the 2/28 snapshot. I'm sure you will have the appropriate means to fix such issues...
Everyone needs to perform some due diligence and visit www.bitsharestalk.org for further research.
Everyone in this thread should at least read all the stuff on bitshares.org before they give this guy money
--ditto--
So it should gives control of their economy back to all people and establishes them as sovereigns over their own destiny.
"One of the reasons Nxt is groundbreaking is because it gives the economy back to the people and re-establishes them as their own sovereigns over their destiny."
lol
Everyone in this thread should at least read all the stuff on bitshares.org before they give this guy money
Awesome!
lol interested.
Dang! Page 6 
So why would I trust my precious BTC to BtXFund and not to Bitshares with an active Company in the back?
Why do I only get 1 Share? Can I get more then that if I pay more then 0.002 BTC?
With 4 Billion BitXFund shares in existence; even at those discounted rates, for 1 BTC paid, thats 500 shares or 1:8 Mio of the whole monteray base of BitXFund shares.
In other words 1 BTC buys you one 8Mth of the whole lot of BitXFund shares.
0.002BTC*500 shares=1BTC
1 share=0.002BTC
500 shares=1 BTC
4 B shares/500 shares=8M
whereas 1 BTC worth of Bitshares buys you one 60Mth of the whole lot of Bitshares in existence or 1:60 Mio. (To acquire Bitshares, one had to hold the same amount of PTS (or AGS) on Feb 28th this year, therefore PTS quotes are used instead of BTS quotes.)
1PTS=0.015BTC (on Feb 16th)
1BTC=66.667PTS (on Feb 16th)
4B PTS/66.667PTS~60M
In comparison 1 BTC is equivalent to 1:12Mth now or 1:21M forever of the whole Bitcoin monetary base.
The difference is due to an arbitrary decision by the initiators of this thread. Once BitXFunds will be freely traded the price will find a free market expression. The difference in price should then express the degree to which people think BitX or Bitshares can keep their promises (decentralized stocks and exchange..?).
Interested
So why would I trust my precious BTC to BtXFund and not to Bitshares with an active Company in the back?
Why do I only get 1 Share? Can I get more then that if I pay more then 0.002 BTC?
With 4 Billion BitXFund shares in existence; even at those discounted rates, for 1 BTC paid, thats 500 shares or 1:8 Mio of the whole monteray base of BitXFund shares.
In other words 1 BTC buys you one 8Mth of the whole lot of BitXFund shares.
0.002BTC*500 shares=1BTC
1 share=0.002BTC
500 shares=1 BTC
4 B shares/500 shares=8M
whereas 1 BTC worth of Bitshares buys you one 60Mth of the whole lot of Bitshares in existence or 1:60 Mio. (To acquire Bitshares, one had to hold the same amount of PTS (or AGS) on Feb 28th this year, therefore PTS quotes are used instead of BTS quotes.)
1PTS=0.015BTC (on Feb 16th)
1BTC=66.667PTS (on Feb 16th)
4B PTS/66.667PTS~60M
In comparison 1 BTC is equivalent to 1:12Mth now or 1:21M forever of the whole Bitcoin monetary base.
The difference is due to an arbitrary decision by the initiators of this thread. Once BitXFunds will be freely traded the price will find a free market expression. The difference in price should then express the degree to which people think BitX or Bitshares can keep their promises (decentralized stocks and exchange..?).
Interested
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