The StartUp Show Notes

Walter Cole of Stella Monro' and The Aural Tree talks about the services of each of his companies. We have a pretty extensive discussion about marketing on social media and how to be effective. He shares insights that will help other entrepreneurs.

Credits for The StartUp #5

The first musical selection was entitled 'The Green Eye Theory'. The Latin tune 'We Should Do This Again Sometime' was played during the magic word segment. Walter Cole compose...

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Doug Scribner of WatchMyBit.com talks about his new service and how he offers an alternative to advertising-sponsored video sites. Content providers can earn more for their videos and get paid instantly by receiving bitcoin.

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On this episode of The StartUp, Matt Luongo of FoldApp.com discusses how customers can save 20% off of Starbucks purchases.

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The StartUp Show Notes

• On this episode of the StartUp, we have three guests; Shaban Shaame, CEO and Founder of EverdreamSoft, the Swiss-based game company maker of Spells Of Genesis, Robert Ross, Director and Founder of Foldingcoin.net, and Nicola Minichiello, Project Manager at Vanbex.com, also a team member of several crypto projects. We explore the Spells of Genesis game from the perspective of the creator, player, marketer, and novice.

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Credits for The StartUp #2

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The Start Up Show Notes

• The Start Up is a show featuring the founders of new companies. We want to discover how they took an idea and transformed it into a marketable product or service. Starting a business is challenging and rewarding. Our goal is gain insight into the minds of entrepreneurs on their journey to success.

• Our first guest is Adam B. Levine, the founder of The Let's Talk Bitcoin Network and Tokenly.com.

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Credits for The Start Up #1

• Content was p...

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Shownotes

• First, is a panel discussion with Eric Martindale of BitPay, Dmitry Murashchik of Mycelium, and Shawn Wilkinson of Storj.io. This panel was moderated by Stan Johnson. They explore several aspects and issues within the Bitcoin ecosystem.

• Adella Toulon-Foerster is the Vice President of Coin Outlet, a distributor of Bitcoin ATMs focusing on the needs of the under banked.

• Eric Martindale returns to talk about a history of BitPay and their new multi signature solution ca...

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How ProtoShares evolved to become BitShares X and other future DACs.

Original (dhimmels):

On October 5, 2013, at the Cryptocurrency Conference, Daniel Larimer, the founder of Invictus Innovations gave a presentation on Decentralized Autonomous Companies (DAC). One idea that he presented was the creation of ProtoShares (PTS). PTS is a mineable cryptocurrency used to raise funds for the development of a suite of DACs sponsored by Invictus Innovations.

ProtoShares was initially mineable only with CPUs and then eventually with GPUs. They were not pre-mined and quickly rose in value to over $9.00 USD with a market capitalization that exceeded $30 Million Dollars within 45 days of launching. Quite impressive.  

However, there was one huge problem.  In order to mine PTS, miners spent an enormous amount of money on hardware, software, and cloud services.  This realization caused Invictus Innovations to devise a new means of raising capital for DACs that did not divert funds away from the DACs ecosystem. Mastercoin, a Bitcoin 2.0 protocol, raised funds via a donation crowd sale in August 2013.  This eliminated the need for mining while maximizing the fund raising efficiency.  I believe this served as a pivotal example and encouraged the company to adopt this concept.  

 

Invictus Innovations introduced some new features to this crowd sale donation concept.  One feature was to create a second asset called AngelShares (AGS) that allowed individuals to fund future DACs and receive a stake in them.  This idea is now commonly referred to as crypto equity. The second feature was to attract individuals in the crypto currency community who have a long term view of DACs concepts and its ecosystem.  A third benefit was for new DAC developers to gain initial community support if they would honor a social consensus contract. This contract stated that a new DAC developer would set aside a minimum 20% stake in their DAC. This stake which would be split equally between AGS and PTS holders in exchange for community support, testing, and promotion of the new DAC.  Also, the developer would gain access to the technology toolkit and support from Invictus Innovations.

 

The AGS donation period starting Jan 1, 2014 and ended July 19, 2014.  During this time, one could donate Bitcoin (BTC) or PTS and receive a percentage of 5000 AGS distributed daily.  This was a very successful donation campaign.

 

On Feb 28, 2014, Invictus Innovations conducted a snapshot for BitShares X which grants all holders of PTS and AGS a new allotment in BitShares X when released.  AGS donations after Feb 28, 2014 did not earn any stake in BitShares X or its derivative DACs.  However, the post snapshot donations earned a stake in the following and future DACs (non BitShares X):

 

Domain Names

The secure alternative to todays domain name system that eliminates domain name squatting while providing security against government seizures, man-in-the-middle attacks.

 

Voting

Transparent-yet-anonymous elections and polling

 

Charity

Finding ways to help others with the technology of decentralized autonomous charities.

 

Gaming

Honest and transparent gaming of all kinds is now possible.

 

Insurance

Get 'insurance' through a Mutual Aid Society with minimal overhead using decentralized autonomous insurance policies.

 

Lending

Lending is one of the more difficult systems to decentralize because it generally involves matters of trust and credit worthiness. These things typically require individual judgment and ultimately accountability.

 

Music

With the latest technologies that enable transparent decentralized ledgers, it is now possible for artists to sell shares of their songs rather than copies of their songs.

 

Invictus Innovations renamed ProtoShares to BitShares PTS and AngelShares to BitShares AGS. On July 19, 2014, BitShares X (BTSX), a decentralized bank and exchange was release. AngelShares  holders can claim their shares in this asset.

 

I hope this was helpful to clarify how ProtoShares has evolved from the beginning. For more information about BitShares click here.

 

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