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+ more text @ bitshares-general + tweaked bitshares-financial + much better way to deal with first header
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\author{ | ||
Fabian~Schuh\\ | ||
BitShares Europe, BitShares.eu\\ | ||
BitShares Europe, BitShares.eu\\ | ||
BitShares Europe, BitShares.eu\\ | ||
Erlangen, Germany\\ | ||
\texttt{[email protected]}\\[2ex] | ||
%%%%%%% | ||
|
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% GFX |
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The original grandfather prototype formerly called proto-shares (PTS). | ||
BitShares PTS, our \emph{prototype bitshares coin}, was a simple minable | ||
crypto-currency (similar to Bitcoin) that was created to allow people to | ||
advertise their interest in receiving free token samples in future DACs. PTS | ||
functions as a high-tech \emph{mailing list} for distributing free sample | ||
bitshares from many developers of decentral autonomous companies (DACs). The | ||
only people who tended to own PTS tokens were those who understand DACs, so DAC | ||
developers prefer to target them with free samples rather than \emph{air | ||
dropping} their samples onto a much less interested general population. | ||
The original grandfather prototype, formerly called proto-shares (PTS), | ||
BitShares PTS was a simple minable crypto-currency (similar to Bitcoin) that | ||
was created to allow people to advertise their interest in receiving free token | ||
samples in future DACs. PTS functions as a high-tech \emph{mailing list} for | ||
distributing free sample bitshares from many developers of decentral autonomous | ||
companies (DACs). The only people who tended to own PTS tokens were those who | ||
understand DACs, so DAC developers prefer to target them with free samples | ||
rather than \emph{air dropping} their samples onto a much less interested | ||
general population. | ||
|
||
The industry recommendation was that when a DAC is launched, at least 10\% of | ||
the DAC's total tokens are given proportionally to holders of PTS. This was not | ||
a contract or a guarantee; it was a \emph{social consensus} of those in the DAC | ||
community about what percentage of a new DAC's tokens should be distributed to | ||
those who have supported the BitShares industry by owning its PTS tokens. | ||
|
||
The BitShares DAC honored this social consensus and even sharedropped 47\% of | ||
its ever existing supply onto BitShares PTS holders. |
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