If you want to start a peershares company, recommended is:
"Fork Nu and start from there. Disable the things you don't need. Nu has had far more security improvements than Peershares. The 2.1 codebase is still being polished and there are some issues, but by the time you've familiarized yourself with the code base we should have it all fixed. Just disable anything you don't need. Motion voting is a huge positive to have and Peershares doesn't have it. Even if it takes a bit longer to figure things out your project with be safer starting from Nu."
Peershares shared a link.
[Wanted!] [C++ blockchain engineer for a decentralized exchange] [Remote work]
"The blockchain has already famously solved the double spend problem. This decentralized exchange uses the same approach to detect and invalidate double orders"
Apply here on this link: https://lnkd.in/eXcubUt
The #Blockchain hypothesis: #Humans get corrupted in their #hierarchy.
So let's organize them over #nodes & make them vote/work.
It's not about #AI - It's about empowering humans to better conduct decision making
Hypothetical use case: Example of IPO
CryptoSafe is a brand-new start up that intends to develop a hardware wallet for crypto-currencies. They decide to use Peershare to raise funds through an IPO and later distribute dividends to shareholders.
CryptoSafe acquires the open source Peershare code and create a new genesis block. The genesis block contains 100,000 shares of CryptoSafe. They secure the network by minting Proof of Stake blocks which will add approximately 1% to the... total number of shares each year. They secure an agreement with Crypto-Trade and Cryptsy to facilitate exchange of CryptoSafe shares. They keep 60,000 shares as an owner's stake and continue to secure the network with it. They transfer 20,000 shares to their Cryptsy account and 20,000 shares to their Crypto-Trade account. An IPO is put into motion by placing sell orders for these 40,000 shares at the IPO price, which is 20 Peercoins per share. Individuals may become shareholders by buying CryptoSafe shares at one of these exchanges and then withdrawing the shares from the exchange using their Peershare wallet. When all 40,000 shares are purchased, CryptoSafe will have 800,000 PPC to fund development of their hardware wallet.
Six months later CryptoSafe delivers their first product and receives their first revenue, which is the equivalent of 20,000 PPC. Fulfilling their promise to shareholders, the CFO opens the Dividend Distribution form from the Peershare client menu, then enters 20,000 PPC as the amount to distribute and selects CryptoSafe as the Peershare to distribute to. After confirmation, the client initiates Peercoin transactions to deliver a little less than 0.20 PPC for each of the approximately 100,500 CryptoSafe shares by examining the CryptoSafe blockchain. If a CryptoSafe address held 100 shares, then approximately 20 PPC would be sent to the Peercoin public address embedded as a property of that CryptoSafe address. The exact amount sent per share would be: (20,000 PPC - transaction fees) / total number of CryptoSafe shares.
"Peershares are an inexpensive and decentralized ledger to be used by businesses for tracking share ownership and distributing dividends in an automated fashion. Shares can be transferred and held just like Peercoins. Each business using Peershares will have their own blockchain that is independent of all others. Blockchains can be secured cheaply and easily using Proof of Stake. Using Peershares, a tiny business could raise funding through an IPO without depending on a third party such as a stock exchange. While trading shares through exchanges will be useful to provide liquidity, Peershares can be traded on any number of exchanges just as Peercoins can. A share issuer is not vulnerable to the failure of single stock exchange such as BTC Trading or Litecoin Global. Issuers can distribute dividends as Peercoins."
About early investment directly in Peershare:
1. The Peershare template is open source and cannot be monetized or profited from in its template form. Only a venture that implements a specific instance of Peershare to represent shares in their business can be profited from.
2. The Peershare investor and I have designed such a specific instance of Peershare that we believe will be very profitable. The investor has provided the initial funds needed to develop the software, so th...e simple truth is there is no need for fundraising from other investors at this time.
3. We intend to keep the details of our specific implementation quiet so that we can gain a first mover advantage against competitors that will inevitably emerge later. This means we cannot sell equity in the implementation now, because we are unwilling to say anything about the nature of the implementation. Our plan is to sell the equity once the development is done and the nature of the venture is public. At that time we believe there will be a lot of investors that recognize the value of our venture's implementation and extension of Peershare, so shares will command a higher price later than they would now given all the unknowns at the present time.
"One of the wonderful attributes of Proof of Stake is that it does not permit miners to switch networks like Proof of Work does. Peercoins are what is required to control the transaction processing of the Peercoin network. Even though a particular Peershare implementation will share the same Proof of Stake algorithm as Peercoin, Peercoins can in no way be used to have any effect whatsoever on the transaction processing of a presumably smaller Peershare network. An unlimited n...umber of Proof of Stake networks can all be securely maintained side by side.
So, Peershare is very suitable for tiny companies to use and secure. They can initially secure it with a single ordinary server which need not be solely dedicated to its Peershare network. As they issue shares, the network will become decentralized and transaction processing will occur without reliance on the issuing company. Piggybacking on the Bitcoin network as coloured coins do is a liability and not a source of strength. If the Proof of Work market fragments more than it already has Bitcoin could have a successful 51% attack launched against it, and coloured coins piggybacking on the Bitcoin network would be compromised. A similar fragmentation of the Proof of Stake market presents no security risk at all."
"The Ethereum whitepaper only mentions equity based organizations that distribute dividends by proposing an alternative type of organization where each shareholder or member has exactly one share or vote, like a democracy on a blockchain. So, equity based organizations that distribute dividends are not a market they are trying to provide solutions for. While the Ethereum architecture can probably be extended to offer functionality that resembles Peershares in some ways, it wo...uld do so sub-optimally for the following reasons:
1. Ethers would have to be purchased to represent shares, which cost money. Peershares are free to the issuing entity.
2. Perhaps the most challenging problem Ethereum is facing is scalability. Trying to put so many disparate applications on a single blockchain suggests that competition for block space could be quite high, meaning high transaction fees. Where Peershare uses a dedicated blockchain for each equity, this won't be a problem.
3. Ethereum is a proof of work network, which means the network is very expensive. Peershare networks will be cheap to maintain, since they are pure proof of stake." - jordan lee
"Peershare isn't about protecting just my selfish interests. Its about finding a way to enhance and advance the selfish interests of many, many people without harming the selfish interests of anyone directly involved. " - jordan lee
"A flexible protocol change time should be seen as a feature that allows the protocol to migrate when the network is ready.
Maybe for some situations the protocol change happens at a predictable future moment is desireable (for example so servers can restart at a certain moment after giving users sufficient warning time). To accomodate this need the protocol change can set to happen e.g. 700 blocks (~12 hours) after the current criteria are met."
"This might look unrelated at first glance, but in fact it's one of the main differences between PoW and PoS systems; another difference that makes Nu so much more sustainable than PoW solutions and not only in terms of energy efficiency.
Nubits and BCexchange inherited that powerful difference from Peercoin.
What's happening at Bitcoin at the moment (https://bitcointalk.org/index.php…) can't happen at Nu, from version 2.0 on even on protocol level....
The people who own the shares (and hence a big financial stake) and the people who secure the blockchain, process transactions, create blocks, are the same entity!
They have the right and the power to decide."
"If u don't leverage the blockchain to provide a tool for ppl to decide more efficiently/smoothly/securely/quickly, then it's a waste of time" - crypto_coiner
"Satoshi blockchain is about DECIDING by taking the global consensus of all nodes deployed in a flat topology; this ends the pyramid coercion" -crypto_coiner
