Post
Topic
Board Altcoin Discussion
Re: There is still widespread confusion about BitShares PTS and Protoshares
by
DecentralizeEconomics
on 23/09/2015, 04:24:44 UTC
Protoshares which became PTS where sharedropped on. That was there purpose and when the the share drop happened they were suppose to die.You have to understand, the developers (Dan) did not control PTS, it was a POW coin. After the share drop some ppl decided they wanted to keep it running. How do you stop a decentralize POW coin if people continue to mine it? That's why its confusing because there was no way to shutdown PTS after the drop.

They could have required Protoshare holders to burn their coins if they wanted to be sharedropped Bitshares.  That would have effectively destroyed Protoshares.

Brownie PTS is actually Brownie Points. People started abbreviating the Points to PTS which of course has caused more confusion for new people. Brownies are user token on on Bitshares issued by Dan to reward the people who have gone above and beyond helping BTS to work. One of the partners decided that they wanted to drop on these peple because they have shown love for the project and would be the kind of ppl they would want to work on their project. Again brownies were not meant to be sharedropped on, but how do you stop somebody from doing it?

"Brownie Points" are a pathetic attempt to keep everybody towing the line so the never-ending scam can continue to lure in the unsuspecting.  What type of a person, especially one who supposedly believes in crypto, freedom and libertarianism, starts distributing and allowing a currency to be sold to others when they can be confiscated on a whim?

https://bitsharestalk.org/index.php/topic,17354.0.html
Quote
I may also seize brownie points from any account if you fall out of favor and anyone who complains in any way about how Brownie Points are issued or how I use Brownie Points is certainly not in my favor and may lose any Brownie Points they have earned.  -Bytemaster, Dan Larimer