So many noises, read the thread carefully and make your decision. I said our team change the BTC address for genesis block purpose. We are trying to find out which way is better.
1. Concensus+POS
2. concensus+POS+POW
For more details we can learn from the ancestor:
http://invictus-innovations.com/social-concensus
VIRUS DETECTED DONT OPEN LINK MY SCREEN JUST WENT BLANKSo many noises, read the thread carefully and make your decision. I said our team change the BTC address for genesis block purpose. We are trying to find out which way is better.
1. Concensus+POS
2. concensus+POS+POW
For more details we can learn from the ancestor:
http://invictus-innovations.com/social-concensusVIRUS DETECTED DONT OPEN LINK MY SCREEN JUST WENT BLANK
Your are not good at lying. I would like make a copy here. And we are trying to contact Invictus-Innovations Incorporated to see if we can join the DACs.
Contentcopy of the link
http://invictus-innovations.com/social-concensusStatement of Social Consensus a.k.a. “Social Contract”
Google defines a Social Contract as “an implicit agreement among the members of a society to cooperate for social benefits.” Another term that means the same thing is Social Consensus. We use the terms interchangeably, but prefer Consensus because it is more accurate and because the term “contract” may invite undeserved scrutiny by regulators in many jurisdictions. It also emphasizes the two-way nature of the consensus. It is beyond our control to prevent a copycat from forking our open source code in a way that fails to honor our promises. It is up to the market to reject this, or not.
Our first and only formal Social Contract prior to this is for ProtoShares. It was published in our October newsletter and again in our forum on Nov 3, prior to genesis on Nov 5, 2013:
At our DAC’s pre-published launch time, Invictus will initialize the DAC’s genesis block
to precisely match the current unspent outputs of its corresponding ProtoShares blockchain.
A week later we informally generalized this to at least 10% of all our DACs.
All chains shall be derived from ProtoShares,
with a 1:1 mapping and 10% of the ultimate money supply of that chain.
The 10% requirement is a minimum, since any number greater than that also satisfies the promise. The 1:1 mapping and 10% minimum together set an upper limit on the number of shares a DAC may allocate. If only 1.5M PTS exist at DAC release, then 15M is the derived upper limit to number of shares for that DAC. We reserve the right to scale the share count to the needs of each DAC while preserving percentages for all stakeholders.
In this document, we are for the first time formally defining our view of the integrated Social Consensus for ProtoShares, AngelShares and BitShares. We also clean up the language to better comply with the laws of our jurisdiction. To that end, Invictus will only develop, endorse, support and promote DACs that meet all of the following applicable consensus requirements:
For all third party DACs:
Allocate at least 10% of its equity to ProtoShares holders at genesis.
For all Invictus sponsored DACs:
Allocate at least 10% of its equity to ProtoShares holders at genesis.
Allocate at least 10% of its equity to AngelShares holders at genesis.
Allocate the last 80% at the discretion of each DAC developer.
We have chosen 50-50 for our first DAC to equally honor mining-lottery and patron-donor schools of thought.
For our first BitShares DAC:
Allocate 50% of its shares to ProtoShares holders at genesis.
Allocate 50% of its shares to AngelShares holders at genesis.
We will scale the total share count to 4 million shares, equally divided between the two schools.
This makes all of our early supporters “official BitShares distributors” for those who arrive later!
We can't think of a more fair and decentralized way to make shares available to them.
We hope you agree.
Specifications for the last 80% of other future DACs will vary with developer according to their business model and marketing strategies and shall be specified prior to their genesis. Until they are defined formally on this page, all forum discussion is for the purpose of reaching consensus, and any sharing of our current thinking does not constitute a commitment to any specific course of action.
