Re: Delegated Proof of Stake (DPOS) White Paper by Daniel Larimer
Invictus recommends to all developers using the Bitshares codebase to honor BTS PTS (aka Protoshares) holders with at least 10% as well as BTS AGS holders with at least 10%.
Bitshares XT is tested at the moment. You can look at it here and test it yourself https://bitsharestalk.org/index.php?topic=4480.0;topicseen
Bitshares XT is tested at the moment. You can look at it here and test it yourself https://bitsharestalk.org/index.php?topic=4480.0;topicseen
I knew Protoshares was the IPO coin, but didn't know about the other coin. The prices are much lower than what they used to be so its quite a good bargain being informed late
You are awarding 10% at the start as IPO. How are you distributing the remaining 90%? If you have another IPO for that I would be interested. Whatever you do, make it a fair one, even a proof of burn style process as Counterparty is the only new project which has any credibility. Look at what happens when you invest in a unfair distribution with greedy developers like that of Mastercoin, you get screwed as they try and make their money through deals with third party like Maidsafe.
Agree! (Perceived) Fairness correlates with how many people know about the possibilities, that is why the principle is to be as transparent as possible and make threads also here on BTT like this one. Everyone is welcome to join on our forums. Also Daniel and the whole team goes to conferences regularly to make Bitshares known as much as possible. We also head a lot of mainstream media coverage.
The rule is to give at least 10% to PTS/AGS. It is up to the developer of a DAC that uses Bitshares codebase to decide which allocation gets him the most support for his project. Mostly it is more than 10% for PTS/AGS... With Bitshares X it was even 50/50. The snapshot for Bitshares X took place on the 28. February. There where delays due to problems with Bitshares X out of which DPOS came out as a solution.
We discussed the Maidsafe fiasco here https://bitsharestalk.org/index.php?topic=4090.0