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Author Topic: [ANN][rICO]Antshares Blockchain Mainnet is ONLINE!  (Read 1296007 times)
tempus
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August 18, 2016, 09:33:46 PM
 #841

Over 3k BTC first week, how do we know these are not the same Devs recycling the BTC to hype it up? Not trying to FUD.

Let them post their btc addresses used in the past. It may confirm whethere they have used to recycle or not. Most probably, they don't recycle to attract more people.


I'm pretty sure that is the case, I mean not even Lisk or WAVES collected that much and specially not in their first week.
Yes for transperancy and gaining trust from investors,antshares must share these addresses

Once again. They did that in Post 3:

The "ICO Phase I" was done on WeAngel (https://weangel.com/antshares) in October 2015. It's our side-project to demonstrate how crowdfunding can work with blockchain.

In about 10 days we got 2100 BTC and hit the up-limit. ICO Phase I was finished 20 days earlier.

The links below are the TXIDs of which we sent 1000 +1000 +100 BTC to huobi.com to sell immediately after the ICO.

https://blockchain.info/tx/f0e9b08c9ca488f72fe3c2ee0ea60458357a794714a945f9ca8ac114f137f317
https://blockchain.info/tx/34e169a82f7f801335dd53519b1407a2ebafdf15fe262147fbb903cc0260395c
https://blockchain.info/tx/6a0c372c51a9f4ad3715f30308be81c7c6785b3592c2858fe77b0b711bcd0a73
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AleScamHole
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August 18, 2016, 09:37:49 PM
 #842

Over 3k BTC first week, how do we know these are not the same Devs recycling the BTC to hype it up? Not trying to FUD.

Let them post their btc addresses used in the past. It may confirm whethere they have used to recycle or not. Most probably, they don't recycle to attract more people.


I'm pretty sure that is the case, I mean not even Lisk or WAVES collected that much and specially not in their first week.
Yes for transperancy and gaining trust from investors,antshares must share these addresses

Once again. They did that in Post 3:

The "ICO Phase I" was done on WeAngel (https://weangel.com/antshares) in October 2015. It's our side-project to demonstrate how crowdfunding can work with blockchain.

In about 10 days we got 2100 BTC and hit the up-limit. ICO Phase I was finished 20 days earlier.

The links below are the TXIDs of which we sent 1000 +1000 +100 BTC to huobi.com to sell immediately after the ICO.

https://blockchain.info/tx/f0e9b08c9ca488f72fe3c2ee0ea60458357a794714a945f9ca8ac114f137f317
https://blockchain.info/tx/34e169a82f7f801335dd53519b1407a2ebafdf15fe262147fbb903cc0260395c
https://blockchain.info/tx/6a0c372c51a9f4ad3715f30308be81c7c6785b3592c2858fe77b0b711bcd0a73


honestly, tempus, your just another fucking shill. anyone who has followed your posts the last year can tell that.    piss off,   MATE
tempus
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August 18, 2016, 09:59:05 PM
 #843

Over 3k BTC first week, how do we know these are not the same Devs recycling the BTC to hype it up? Not trying to FUD.

Let them post their btc addresses used in the past. It may confirm whethere they have used to recycle or not. Most probably, they don't recycle to attract more people.


I'm pretty sure that is the case, I mean not even Lisk or WAVES collected that much and specially not in their first week.
Yes for transperancy and gaining trust from investors,antshares must share these addresses

Once again. They did that in Post 3:

The "ICO Phase I" was done on WeAngel (https://weangel.com/antshares) in October 2015. It's our side-project to demonstrate how crowdfunding can work with blockchain.

In about 10 days we got 2100 BTC and hit the up-limit. ICO Phase I was finished 20 days earlier.

The links below are the TXIDs of which we sent 1000 +1000 +100 BTC to huobi.com to sell immediately after the ICO.

https://blockchain.info/tx/f0e9b08c9ca488f72fe3c2ee0ea60458357a794714a945f9ca8ac114f137f317
https://blockchain.info/tx/34e169a82f7f801335dd53519b1407a2ebafdf15fe262147fbb903cc0260395c
https://blockchain.info/tx/6a0c372c51a9f4ad3715f30308be81c7c6785b3592c2858fe77b0b711bcd0a73


honestly, tempus, your just another fucking shill. anyone who has followed your posts the last year can tell that.    piss off,   MATE

Interesting. You're using an account that was registered in March 14, 2016, 03:50:50 PM

...but you follow my posts since last year. Didn't know that I'm so interesting. But more important: No reason to give much on the words of a newbie, or somebody who was in need to drop his old account. And just by the way: Arguments? Zero. 


I tell you what I am: One of a very few who take this game serious. I was never paid by any project, but if that would be the case here, they would most likely fire me because they would dislike lines like this:


Thank you very much for your answers!

You say "(...) but other activities such as asset registration requires ANC consumption and those consumed ANC is back to the system awaiting ANS holders to initiate a claim transaction."

Does that mean not just new created ANC will be distributed to ANS-Holders but also fees? Because I thought that would also be bookkeeper-payments?

And what I don't understand is how bookkeepers will be elected. Could potentially everybody be a bookkeeper and/or is there a limited number like the federated server design in Factom?

In Factom it's about 32 federated server and additionally 32 audit server, also with an election mechanism. The voting will happen with Entry-Credits (I saw that dahongfei referred to Factom in the other thread) while it's about voting-power in relation to the shares in this project.

There is one point that I think is a little bit concerning. It's not meant critical, but if I understand it correctly: Those who hold a lot of shares will most likely also have the power to vote themselves (or guys they know) as bookkeepers in, to be paid by fees. And additionally they will claim, like all shareholders, ANC in relation to their shares. In Factom there are costs to vote (FCT must be converted to EC to vote - both is consumed/"burned" after that process).

The question of centralization vs decentralization is highly dependent on the eco-system and that's what I see as critical point at the moment. Because it seems like DPoS plus PoS. Big shareholders could vote themselves as bookkeepers in (DPoS) plus claim ANC in relation to their shares (PoS). And it's not meant personally, but the 50% of shares held by the team, at least for one year, also means voting power plus 50% of all new created ANC for one year, and 8% of the future total supply. I mean, you guys will do all the work and I have no problem regarding the money side. The ANC could be seen as another founding round and Factom for example also made an ICO plus VC-founding rounds. But how can you ensure that this will be a decentralized system, at least decentralize over time?


Please use some logic. I just try to get infos since yesterday because I wasn't even aware of this before. But obviously I've taken a deeper look into this in just 30 hours than some others who are around since day 1.

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August 18, 2016, 10:54:26 PM
 #844

Created a SteemIt post about Antshares Ico.

https://steemit.com/bitcoin/@scrypt/altshares

Glad to hear.
good idea to make post about antshares on steemit. Let people know more about Antshares and interested to parcipated in the ICO

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August 19, 2016, 01:57:29 AM
 #845

already 3663.07 btc currenct total an invesment right now
this is a great news about the ico and will be success in the future
do not forgot to participated guys.
good luck the team antshares.

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Coin_trader
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August 19, 2016, 02:36:11 AM
 #846

already 3663.07 btc currenct total an invesment right now
this is a great news about the ico and will be success in the future
do not forgot to participated guys.
good luck the team antshares.
that's great, it's a sign that many people believe that this coin will be one of those great and profitable coin that will stand the test of the reigning cryptoworld.
congratulations dev.

LOOKING for a good signature campaign...
AleScamHole
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August 19, 2016, 02:42:49 AM
 #847

Over 3k BTC first week, how do we know these are not the same Devs recycling the BTC to hype it up? Not trying to FUD.

Let them post their btc addresses used in the past. It may confirm whethere they have used to recycle or not. Most probably, they don't recycle to attract more people.


I'm pretty sure that is the case, I mean not even Lisk or WAVES collected that much and specially not in their first week.
Yes for transperancy and gaining trust from investors,antshares must share these addresses

Once again. They did that in Post 3:

The "ICO Phase I" was done on WeAngel (https://weangel.com/antshares) in October 2015. It's our side-project to demonstrate how crowdfunding can work with blockchain.

In about 10 days we got 2100 BTC and hit the up-limit. ICO Phase I was finished 20 days earlier.

The links below are the TXIDs of which we sent 1000 +1000 +100 BTC to huobi.com to sell immediately after the ICO.

https://blockchain.info/tx/f0e9b08c9ca488f72fe3c2ee0ea60458357a794714a945f9ca8ac114f137f317
https://blockchain.info/tx/34e169a82f7f801335dd53519b1407a2ebafdf15fe262147fbb903cc0260395c
https://blockchain.info/tx/6a0c372c51a9f4ad3715f30308be81c7c6785b3592c2858fe77b0b711bcd0a73


honestly, tempus, your just another fucking shill. anyone who has followed your posts the last year can tell that.    piss off,   MATE

Interesting. You're using an account that was registered in March 14, 2016, 03:50:50 PM

...but you follow my posts since last year. Didn't know that I'm so interesting. But more important: No reason to give much on the words of a newbie, or somebody who was in need to drop his old account. And just by the way: Arguments? Zero. 


I tell you what I am: One of a very few who take this game serious. I was never paid by any project, but if that would be the case here, they would most likely fire me because they would dislike lines like this:


Thank you very much for your answers!

You say "(...) but other activities such as asset registration requires ANC consumption and those consumed ANC is back to the system awaiting ANS holders to initiate a claim transaction."

Does that mean not just new created ANC will be distributed to ANS-Holders but also fees? Because I thought that would also be bookkeeper-payments?

And what I don't understand is how bookkeepers will be elected. Could potentially everybody be a bookkeeper and/or is there a limited number like the federated server design in Factom?

In Factom it's about 32 federated server and additionally 32 audit server, also with an election mechanism. The voting will happen with Entry-Credits (I saw that dahongfei referred to Factom in the other thread) while it's about voting-power in relation to the shares in this project.

There is one point that I think is a little bit concerning. It's not meant critical, but if I understand it correctly: Those who hold a lot of shares will most likely also have the power to vote themselves (or guys they know) as bookkeepers in, to be paid by fees. And additionally they will claim, like all shareholders, ANC in relation to their shares. In Factom there are costs to vote (FCT must be converted to EC to vote - both is consumed/"burned" after that process).

The question of centralization vs decentralization is highly dependent on the eco-system and that's what I see as critical point at the moment. Because it seems like DPoS plus PoS. Big shareholders could vote themselves as bookkeepers in (DPoS) plus claim ANC in relation to their shares (PoS). And it's not meant personally, but the 50% of shares held by the team, at least for one year, also means voting power plus 50% of all new created ANC for one year, and 8% of the future total supply. I mean, you guys will do all the work and I have no problem regarding the money side. The ANC could be seen as another founding round and Factom for example also made an ICO plus VC-founding rounds. But how can you ensure that this will be a decentralized system, at least decentralize over time?


Please use some logic. I just try to get infos since yesterday because I wasn't even aware of this before. But obviously I've taken a deeper look into this in just 30 hours than some others who are around since day 1.



i never saw tht post of yours...
well aren't i a dick.... im sorry.   
my mouth runs faster than my brain sometimes i swear  ;/

i totally agree also. and there seems to be very little communication from them on your statement till now as well.
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August 19, 2016, 03:14:51 AM
 #848

I already have some more questions while thinking about ANS and ANC and fees and the nodes.

In the whitepaper is said:

"ANC are used for

Accounting Charge payment
Extra Service Charge payment
Bookkeeper Nominee Deposit as collateral"


....and:

"ANC will be written into the corresponding ANS addresses proportionally. ANS holders could claim these ANC to their ANS address anytime they wish to. For example, a shareholder who has 1% of all the ANS could acquire 8*0.01=0.08 ANC in every block of the 1st year, meaning 460.8 ANC everyday."


...and:

"To write a transaction onchain, a certain number of AntCoins will be charged as accounting fees, which goes to the bookkeepers to compensate their expenditures in storage, connection and computing resources. (...) As long as more than 2/3 of the bookkeepers are willing to, a transaction can be free of charge when writing into the Antshares Blockchain. Thus, organizations using Antshares in bulk could pay the bookkeeper offchain with fiat currency without further the hassle of paying AntCoins onchain."

Bookkeeper = nodes? There is said "could pay the bookkeeper offchain" - singular? Or is that just a typo/error?



There will be 8 ANC per Block and those new created ANC will be distributed to 100% to the shareholders, right?

And those who will run the nodes will be paid with fees whenever the system is used or if 2/3 of the bookkeepers agree in fiat.


I try to think about possible price-scenarios of ANC. Thing is: If those who will run the servers could agree to take no fee but Fiat off-chain, there would be not that much incentive to care about the price of ANC or am I wrong? It's a very theoretical scenario, because it can be expected that those who will run the nodes will also hold shares and get payouts in ANC and some fees in ANC but what I try to find out in short words: Will the price of ANS and the price of ANC be connected in a predictable way or will it be more kind of surprise?  ;-)


And when it comes to the question of immutability and decentralization: What could prevent a centralized scenario if, for example, a big company would hold so many shares that they could vote that many own servers as bookkeepers to get the whole system under centralized control? 


My questions are really not meant critical in any way because in my opinion it's the most interesting economical design since Factom - but more complex and really not easy to understand. ;-)



Ah yes, it should be bookkeepers!
Yes, all new ANC will be distributed 100% to ANS holders. And yes for the bookkeeping fees.
For the ANC consumption, bookkeeping fees could use fiat directly but other activities such as asset registration requires ANC consumption and those consumed ANC is back to the system awaiting ANS holders to initiate a claim transaction.
Price of ANS is the present value of a serial of ANC payments. It's like a bond.
As for this ICO we are mainly distributing ANS to individual investors. In the future there might be a big company trying to buy Antshares. But as you may see from historical merger & acquisition cases, hostile takeover will definitely cost a lot. We believe the ANS price will be around the fair value normally so if hostile takeover happens, the acquiring firm will have to pay a lot more than what the system values. That will decrease the possibility of centralized control.
Thanks!


Thank you very much for your answers!

You say "(...) but other activities such as asset registration requires ANC consumption and those consumed ANC is back to the system awaiting ANS holders to initiate a claim transaction."

Does that mean not just new created ANC will be distributed to ANS-Holders but also fees? Because I thought that would also be bookkeeper-payments?

And what I don't understand is how bookkeepers will be elected. Could potentially everybody be a bookkeeper and/or is there a limited number like the federated server design in Factom?

In Factom it's about 32 federated server and additionally 32 audit server, also with an election mechanism. The voting will happen with Entry-Credits (I saw that dahongfei referred to Factom in the other thread) while it's about voting-power in relation to the shares in this project.

There is one point that I think is a little bit concerning. It's not meant critical, but if I understand it correctly: Those who hold a lot of shares will most likely also have the power to vote themselves (or guys they know) as bookkeepers in, to be paid by fees. And additionally they will claim, like all shareholders, ANC in relation to their shares. In Factom there are costs to vote (FCT must be converted to EC to vote - both is consumed/"burned" after that process).

The question of centralization vs decentralization is highly dependent on the eco-system and that's what I see as critical point at the moment. Because it seems like DPoS plus PoS. Big shareholders could vote themselves as bookkeepers in (DPoS) plus claim ANC in relation to their shares (PoS). And it's not meant personally, but the 50% of shares held by the team, at least for one year, also means voting power plus 50% of all new created ANC for one year, and 8% of the future total supply. I mean, you guys will do all the work and I have no problem regarding the money side. The ANC could be seen as another founding round and Factom for example also made an ICO plus VC-founding rounds. But how can you ensure that this will be a decentralized system, at least decentralize over time?

Cool, so there are actually two types of fees. One is basic bookkeeping fees that are negotiated by bookkeepers and users. Basic fees are transferred directly between them. The other one is additional service fees, including asset registration, bookkeeper candidate registration, and asset write off. Additional service fees are consumed/burned and will be redistributed to ANS holders.

As for centralization vs decentralization, we use dBFT consensus algorithm, which is a combination of delegate and BFT. The bookkeepers group needs to reach at least 66% consensus. Say there are 60 bookkeepers, if a single institution wants to take control of the system, at least 40 bookkeepers should come from the institution side. That is actually very hard. I'll provide math calculation later to show you the immunity of centralization.

Thanks!

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August 19, 2016, 03:22:08 AM
 #849

Over 3k BTC first week, how do we know these are not the same Devs recycling the BTC to hype it up? Not trying to FUD.

Let them post their btc addresses used in the past. It may confirm whethere they have used to recycle or not. Most probably, they don't recycle to attract more people.


I'm pretty sure that is the case, I mean not even Lisk or WAVES collected that much and specially not in their first week.
Yes for transperancy and gaining trust from investors,antshares must share these addresses

All the invested btc are in each investors exlcusive investing address. All the addresses can be seen in the antshares ranking on our websites. Feel free to check every one of them to make sure that all the invested btc are not moved
Thanks!

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August 19, 2016, 03:27:11 AM
 #850


i never saw tht post of yours...
well aren't i a dick.... im sorry.   
my mouth runs faster than my brain sometimes i swear  ;/

i totally agree also. and there seems to be very little communication from them on your statement till now as well.

Well, tempus got two very long posts asking questions and I believe I answered both of them. He asked the following questions shown above and I just posted reply a minute ago.
But indeed tempus's questions are hard to reply because I need to discuss them with our CTO to make sure those questions are correctly answered.
Thanks!

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August 19, 2016, 03:37:33 AM
 #851

Over 3k BTC first week, how do we know these are not the same Devs recycling the BTC to hype it up? Not trying to FUD.

Let them post their btc addresses used in the past. It may confirm whethere they have used to recycle or not. Most probably, they don't recycle to attract more people.


I'm pretty sure that is the case, I mean not even Lisk or WAVES collected that much and specially not in their first week.


right. 


remember one thing guys. the Chinese invest in ONLY one thing.  taking people's money and making it their own.

i wont touch this with a 10 foot pole, same reason i called waves a scam from the beginning.

btw, has eric from haobtc a supposed escrow even popped his head in here yet?  the guys active usually in other threads? hmmmmm

whats with all these come from nowhere chinese coins all a sudden?



We've been in contact with haobtc and Eric will come to this thread and confirm recently.
Thanks!

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August 19, 2016, 05:11:44 AM
 #852

already 3663.07 btc currenct total an invesment right now
this is a great news about the ico and will be success in the future
do not forgot to participated guys.
good luck the team antshares.

amazing 3663 btc
it seems is a big project and I believe that antshares will be interesting in the crypto world.

yhlsqj
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August 19, 2016, 05:21:18 AM
 #853

already 3663.07 btc currenct total an invesment right now
this is a great news about the ico and will be success in the future
do not forgot to participated guys.
good luck the team antshares.

amazing 3663 btc
it seems is a big project and I believe that antshares will be interesting in the crypto world.


I just wonder will this gather 5k btc or more? If yes, it will be a huge project since waves. Of course this is better than waves, because there is a Chinese whale invested 1k btc.   Shocked Shocked Shocked

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cryptospreader
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August 19, 2016, 06:14:49 AM
 #854

I'm trying to retweet something the dev says about Antshares daily. But it is very silent in twitter. I think the dev may be very busy in releasing Ants.

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August 19, 2016, 06:15:35 AM
 #855

Hi everyone,

We are seeking overseas media to publish our news and gain more exposure to the public. Anyone can help us get in contact with related media or related journalists?

Journalists from meida such as Coindesk, Cointelegragh, Bravenewcoin, Bitscan, and Ibtimes are good examples.

Thanks!

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August 19, 2016, 06:18:11 AM
 #856

I'm trying to retweet something the dev says about Antshares daily. But it is very silent in twitter. I think the dev may be very busy in releasing Ants.

Have you retweeted the legal chain press release thing and the early explorer blog? If yes, we will get something else for you to retweet Smiley

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August 19, 2016, 06:39:25 AM
 #857

already 3663.07 btc currenct total an invesment right now
this is a great news about the ico and will be success in the future
do not forgot to participated guys.
good luck the team antshares.

amazing 3663 btc
it seems is a big project and I believe that antshares will be interesting in the crypto world.


I just wonder will this gather 5k btc or more? If yes, it will be a huge project since waves. Of course this is better than waves, because there is a Chinese whale invested 1k btc.   Shocked Shocked Shocked

That is a concern if there is 5K BTC invested that means the whale that invested 1K BTC hold 20% of the token, this is different from other whales involved in this project, but the good thing about this fund is the option to opt out of the project later. Let's wait and see.

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

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August 19, 2016, 07:31:10 AM
 #858

already 3663.07 btc currenct total an invesment right now
this is a great news about the ico and will be success in the future
do not forgot to participated guys.
good luck the team antshares.

amazing 3663 btc
it seems is a big project and I believe that antshares will be interesting in the crypto world.


I just wonder will this gather 5k btc or more? If yes, it will be a huge project since waves. Of course this is better than waves, because there is a Chinese whale invested 1k btc.   Shocked Shocked Shocked

That is a concern if there is 5K BTC invested that means the whale that invested 1K BTC hold 20% of the token, this is different from other whales involved in this project, but the good thing about this fund is the option to opt out of the project later. Let's wait and see.

For quick flippers a whale holding 20% is probably a good idea and for those that would think about buying in after the epic pump could also be a good idea. Having whales interested can be a very good sign.

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August 19, 2016, 07:58:04 AM
 #859

Just invested on the ICO.  good luck to us.  Cool
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August 19, 2016, 08:02:01 AM
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I already have some more questions while thinking about ANS and ANC and fees and the nodes.

In the whitepaper is said:

"ANC are used for

Accounting Charge payment
Extra Service Charge payment
Bookkeeper Nominee Deposit as collateral"


....and:

"ANC will be written into the corresponding ANS addresses proportionally. ANS holders could claim these ANC to their ANS address anytime they wish to. For example, a shareholder who has 1% of all the ANS could acquire 8*0.01=0.08 ANC in every block of the 1st year, meaning 460.8 ANC everyday."


...and:

"To write a transaction onchain, a certain number of AntCoins will be charged as accounting fees, which goes to the bookkeepers to compensate their expenditures in storage, connection and computing resources. (...) As long as more than 2/3 of the bookkeepers are willing to, a transaction can be free of charge when writing into the Antshares Blockchain. Thus, organizations using Antshares in bulk could pay the bookkeeper offchain with fiat currency without further the hassle of paying AntCoins onchain."

Bookkeeper = nodes? There is said "could pay the bookkeeper offchain" - singular? Or is that just a typo/error?



There will be 8 ANC per Block and those new created ANC will be distributed to 100% to the shareholders, right?

And those who will run the nodes will be paid with fees whenever the system is used or if 2/3 of the bookkeepers agree in fiat.


I try to think about possible price-scenarios of ANC. Thing is: If those who will run the servers could agree to take no fee but Fiat off-chain, there would be not that much incentive to care about the price of ANC or am I wrong? It's a very theoretical scenario, because it can be expected that those who will run the nodes will also hold shares and get payouts in ANC and some fees in ANC but what I try to find out in short words: Will the price of ANS and the price of ANC be connected in a predictable way or will it be more kind of surprise?  ;-)


And when it comes to the question of immutability and decentralization: What could prevent a centralized scenario if, for example, a big company would hold so many shares that they could vote that many own servers as bookkeepers to get the whole system under centralized control? 


My questions are really not meant critical in any way because in my opinion it's the most interesting economical design since Factom - but more complex and really not easy to understand. ;-)



Ah yes, it should be bookkeepers!
Yes, all new ANC will be distributed 100% to ANS holders. And yes for the bookkeeping fees.
For the ANC consumption, bookkeeping fees could use fiat directly but other activities such as asset registration requires ANC consumption and those consumed ANC is back to the system awaiting ANS holders to initiate a claim transaction.
Price of ANS is the present value of a serial of ANC payments. It's like a bond.
As for this ICO we are mainly distributing ANS to individual investors. In the future there might be a big company trying to buy Antshares. But as you may see from historical merger & acquisition cases, hostile takeover will definitely cost a lot. We believe the ANS price will be around the fair value normally so if hostile takeover happens, the acquiring firm will have to pay a lot more than what the system values. That will decrease the possibility of centralized control.
Thanks!


Thank you very much for your answers!

You say "(...) but other activities such as asset registration requires ANC consumption and those consumed ANC is back to the system awaiting ANS holders to initiate a claim transaction."

Does that mean not just new created ANC will be distributed to ANS-Holders but also fees? Because I thought that would also be bookkeeper-payments?

And what I don't understand is how bookkeepers will be elected. Could potentially everybody be a bookkeeper and/or is there a limited number like the federated server design in Factom?

In Factom it's about 32 federated server and additionally 32 audit server, also with an election mechanism. The voting will happen with Entry-Credits (I saw that dahongfei referred to Factom in the other thread) while it's about voting-power in relation to the shares in this project.

There is one point that I think is a little bit concerning. It's not meant critical, but if I understand it correctly: Those who hold a lot of shares will most likely also have the power to vote themselves (or guys they know) as bookkeepers in, to be paid by fees. And additionally they will claim, like all shareholders, ANC in relation to their shares. In Factom there are costs to vote (FCT must be converted to EC to vote - both is consumed/"burned" after that process).

The question of centralization vs decentralization is highly dependent on the eco-system and that's what I see as critical point at the moment. Because it seems like DPoS plus PoS. Big shareholders could vote themselves as bookkeepers in (DPoS) plus claim ANC in relation to their shares (PoS). And it's not meant personally, but the 50% of shares held by the team, at least for one year, also means voting power plus 50% of all new created ANC for one year, and 8% of the future total supply. I mean, you guys will do all the work and I have no problem regarding the money side. The ANC could be seen as another founding round and Factom for example also made an ICO plus VC-founding rounds. But how can you ensure that this will be a decentralized system, at least decentralize over time?

Cool, so there are actually two types of fees. One is basic bookkeeping fees that are negotiated by bookkeepers and users. Basic fees are transferred directly between them. The other one is additional service fees, including asset registration, bookkeeper candidate registration, and asset write off. Additional service fees are consumed/burned and will be redistributed to ANS holders.

As for centralization vs decentralization, we use dBFT consensus algorithm, which is a combination of delegate and BFT. The bookkeepers group needs to reach at least 66% consensus. Say there are 60 bookkeepers, if a single institution wants to take control of the system, at least 40 bookkeepers should come from the institution side. That is actually very hard. I'll provide math calculation later to show you the immunity of centralization.

Thanks!

Okay, thank you for the answers!

It's really an interesting project with a very interesting eco-system. It all seems very thought-out even if I don't understand it totally yet.



P.S.: Invested since yesterday and I disagree with some implications/accusations that came up because of me.  

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