[LAUNCH][RDSH] RadioShares: Dividend Paying Common Stock via crypto-currency

[alatvian]

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.

Code:

addnode=142.105.146.54

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.

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.

[1715365134]

1715365134

[1715365134]

1715365134

[MsCollec]

awaiting future development

[freet0pian]

hmmm...

[debuni]

reserved.

[andrealandia]

Wallet?

[alatvian]

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.

[MisO69]

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

[r47351]

Stuck syncing at 36 blocks?

[billotronic]

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

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

[addy4u]

Stuck syncing at 36 blocks?

same ^^

[azwccc]

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

[NWO]

reserved

[billotronic]

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.

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

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

[xwolf96]

arite im bored, lets do it

[alatvian]

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.

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

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

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.

[alatvian]

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

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)? 

[alatvian]

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:

Code:

$ radiosharesd sendtoaddress Pe7q1bmSSf35wdx7xnRGfczBXNgsh6UKCy 100 
$ radiosharesd signmessage Pj6QEpWDR8W3zKVE1mYAQZoChVUZxB598C "txid:357676d3a03657e6061e8e329c719e737935df5a2d32dba96d5ac1fd1ebaaa61 100 RDSH for dgc:D6MLAjXfz5jnA8fo4jSQcbJWz4Ww53z2fr"
H2dx73CrWwMJmEvQdefMxCwZn5kmP/swruQnqAxu4/zz6sKx40nfugTEkrrftaYPO2Ja7g3xqvgD6h7jRpINfas=

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).

[Bergmannx]

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

[alatvian]

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.

[alatvian]

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.