Bitcoin Forum

This is the official announcement that public mining open for RadioShares (symbol: RDSH).  You'll notice there is no icon, no grand bold text, no eye-popping images.  If no one mines this, it will be fine with the RadioShares developers.  This is because the digital "coins" will be used to shell shares in the 6th Street Radio LLC company.  We could have chosen to have a hidden launch and pre-mine everything, but that sends the wrong idea and we just didn't want to go that route.  Some of the details in how this dividend-paying share system will work can be found here: https://bitcointalk.org/index.php?topic=400765.msg4337214#msg4337214.

After a short period of time, I will announce in this thread that 6SR will be buying back a certain number of outstanding shares at a fixed price in DGC.

Some details:

• Proof of work: Momentum
• Total Shares: about 35 million in 5 years
• Block Reward: 740 shares
• Block Time: 30 minutes
• Block Explorer: http://107.170.13.80/block_crawler.php
• Exchanges: NONE
• Games: NONE

Source code: https://github.com/ddombrowsky/radioshares.git

Minimum Version Required: 0.8.6.1, git RDSH-1-0-g87089a4.  Any builds made prior to this commit will probably not connect to the network.

To begin, add the following line to ~/.radioshares/radioshares.conf to connect the root node.

Since the addresses are compatible with ProtoShares addresses, you can use the ProtoShares paper wallet generator to make offline wallets: https://bitsharestalk.org/index.php?topic=2261.0 (https://bitsharestalk.org/index.php?topic=2261.0).

Please message me with any questions.  This is a public announcement.  Additional information on dividend payouts and the corresponding details will happen after a certain number of shares have already been mined.

awaiting future development

hmmm...

reserved.

Wallet?

There is no "wallet," as this is not to be considered "money."  These are shares in a business.  The code is forked from PTS.  Now, the actual Proto Shares license agreement is in flux, so this might be a false start (supposedly I'm expected to pay 10% of my business in royalties to people who invested in ProtoShares).  However, I never saw this license until after I released the code, as it was not included in the original source.  We'll see what happens.

Can someone please compile a wallet for this and upload it here. Then we can mine. Thanks nice person who does this  :)

Stuck syncing at 36 blocks?

it would probably be quicker for you to install *buntu into a vm and compile and run in linux.

same ^^

it is using momentum and also called shares but not honoring Protoshares?

reserved

https://github.com/InvictusInnovations/ProtoShares/blob/psforkinit/COPYING

I sure don't see any other stipulations in this github.

arite im bored, lets do it

Yeah, I know, which is why it's rather frustrating talking to the people on the bitshares forums.  I don't think they have any legal standing to enforce such a restriction.  The "license" is in draft.  I heard about it here: https://bitsharestalk.org/index.php?topic=2012.msg24863#msg24863.  It also claims to enforce design restrictions on any forks of the protoshares code (limits total number of shares, for example).

That said, I don't want to tell them to go fly a kite.  I am using their proof-of-work code.  Once I get to actual share distribution, I'll probably try to work something out with Invictus.

I don't want to start a fight, but why would I just give shares of my company (6th Street Radio) to people (including myself, personally) who paid money to a completely separate company (Invictus)? 

NOTE: This order is filled.

On Sat Jan 11 10:50:04 EST 2014, 6th Street Radio posts the following RadioShares (RDSH) buy order: 20000 RDSH @ 50 DGC

Please submit shares to Pe7q1bmSSf35wdx7xnRGfczBXNgsh6UKCy

To make a transaction. include the txid, the amount RDSH and your DGC payout address in a signed message and send it to me in a private message indicating the sale.  Payments will be made to this address at 0.00250 DGC per RDSH.

Make sure the message is signed with the same address from which came the transaction.  For example:

Please include the transaction hash, the from address, AND this signature in a private message to me.  I can confirm the transaction by taking the public key in the transaction, converting it to an address, and confirming that the message is signed with the same address that send the shares (see also http://bitcoin.stackexchange.com/a/8864).

Syncing doesn't work for me. Got 8 connections, but stuck at Block 91.  ::)

I haven't fixed the progress metering in the source code.  There are only 93 blocks so far, so you are up-to-date.

I received 23,600 shares in transaction bd17daecb512971301e6451aa010010d08643bfb177f8dfe49ce69f337a9f21c, but I don't see any message indicating this was a share sale.  If this is an error, please message me.

almost 2hr and stuck at block 188 ... is that normal ?

everything work at first, even got 2 x 740 from wallet mining .. and then it stopped on block 188 ...  should i stop mining and wait till it fixed ? or continuing is okay too ?

I'm getting a lot of connections from clients running the main protoshares nodes.  This is causing a metric f-ton of orphan blocks on the RadioShares network.  I thought I had put code in there to prevent this, but it is not working as intended.  The networks are mixing and that is causing a lot of DoS-style action on the main block chain.

My client is at block 194.  Running radioshares getpeerinfo will list the connections.  Those at a block height of > 40000 are on the main PTS chain and aren't useful for RadioShares.  I wish there was a way to just ban them until I can get a fix in the code, but I haven't found one yet. 

Block Time: 30 minutes

I'll gladly call this slugshares.

I've updated the code to hopefully prevent a lot of the normal PTS nodes from connecting.  Please download and build the code from  https://github.com/ddombrowsky/radioshares.git.   It should report client version 0.8.6.1, and have tag RDSH-1. 

This is a temporary fix, since it only checks a minimum protocol version.  I still need to get a version string in there to ensure that it's a node that is supposed to be on the RDSH network.  You will also see 6thStreetRadio in the subver string:

RDSH is not intended to be a currency or a payment system.  If that's what you want, mine for BTC or any one of the hundreds of other  useful alt-coins out there with block times on the order of seconds and minutes.  RDSH is intended to be a buy-and-hold way of investing in 6th Street Radio LLC.  Therefore, quick transaction time is not a priority, but rather are stability and predictability.

At this point, there are 600 RDSH blocks.  At 740 apiece, that's about 440k shares.

I would like to purchase 100k RadioShares for 70 DGC.  Send me a private message if you are interested in selling, even if it is at a different ask price.  

Please submit shares to Pe7q1bmSSf35wdx7xnRGfczBXNgsh6UKCy and follow instructions detailed in the first bid in this post: https://bitcointalk.org/index.php?topic=404533.msg4431352#msg4431352

I will update this post when the order is filled.

UPDATE: We'll take care of share sales on another platform. 

How's this coin doing?? have you thought of trading shares on something like counterparty????

What is counterparty?

I'm developing a small but functional RDSH/DGC trading platform using D.  If there's something already available, please let me know.

How's the progress of trading platform etc...?
How's the business doing?

Trading platform is implement, in a console-based way.  Automated deposits aren't working yet.  PM me if you would like access.

Some news:

• We're offering free DGC to those helping to test the trading platform: http://6thstreetradio.org/cms/radioshares
• I'm working on listings in Cryptsy and Bittrex, but odds are long on those.
• I'm giving away 1000s of RDSH to those willing to help with the registration system.  The next piece of the puzzle is to allow holders of RDSH to register them with the company, so that the holders can receive benefits.  Development on this gateway will begin very soon.