What are brownies.pts ?

in #bitshares5 years ago (edited)

Brownies.pts (Brownies points) are the coins of a currency created by Dan Larimer ( Dantheman ) at the time when he was building BitShares 2.0 and Graphene the, the technology behind it (same tech as Steemit).

< Newbie paragraph > Who is Dan Larimer, Aka Dantheman (pseudonym in Steem), aka ByteMaster (pseudonym in BTS forum) ? Well, it's the chief ingenieur, in other words, the big brain behind the creation of BitShares and recently Steem. < /Newbie paragraph >

Curious about the whole story ? Have a look at this post from its father. https://steemit.com/bitshares/@stan/the-origin-of-bitshares-rides-again

What is the purpose of this currency ?

The currency symbolises the gratitude of Dan for the BitShares shareholders that helped him to build and promote the Blockchain. He has been offering these coins to reward anyone contributing by helping with the code, translating content, building websites and even being present at the weekly Beyond BitCoin hangouts (hosted by the talented Fuzzy !)

Here you can see the annoucement and the 33 forum pages of rewards attributed to the community : https://bitsharestalk.org/index.php?topic=17354.0

Where can I find them ?

They have been created and traded in the Decentralised Exchange of BitShares.
Here they are : https://bitshares.openledger.info/#/market/BROWNIE.PTS_BTS

You can see the supply is 9,400,00 token and they have been traded everyday since their creation.

They have recently gained some value, maybe due to the success of Steem, maybe just market random volatility, maybe soemone knows something that I don't ... who knows ?

The Brownies.pts market cap is, at the time of this writting, is worth 235,000$ ( 9,400,000 x 5 BTS x 0.005$ )
It doesn't sound much when compared to Ethereum or Steem market caps but we are talking here about a currency price supported only on the trust its shareholders have for Dan Larimer.

Now that Dan has moved most of its focus on Steem, why people are not selling all these Brownies.pts ?"

I'm not in the mind of each shareholder but I can try to guess the reasons !

The first one is kind of simple. Would you sell the very own currency of Steve Jobs if he would have personally give it to you and told you "some day, I'll use them to reward these first supporters who beleived in me" ? What if it would have be Bill Gates ? Elon Musk ? Satoshi Nakamoto ?
If you believe in its vision, you don't really care about the short term volatility, you just hold them because you had the privilege to receive them from the (Byte) Master. Maybe some day he will do something with its Brownies.PTS ... If he doesn't, well, you would have at least the thrill during these years to wonder "what could happen ?" Anyway, if you were part of the community and contributed to the project, you have probably received them for free !

The second reason is that Brownies points have been use has a target for Sharedrop in the past.
I guess you are aware PEERPLAYS is sharedroppping 5% of its share on the BTS holders ? You don't ? You don't even know what is a sharedrop ? Check this out quickly : https://steemit.com/peerplays/@peerplays/announcement-bts-snapshot-date
9,400,000 is not a lot of tokens, at 5 BTS each, you can quickly buy a very wealthy capital in Brownies.PTS and have massive sharedrop when it happens.

When is the next one ?

I don't knowm , maybe never ... All I know is that PEERPLAYS is shardropping on BTS and there is a future project called Identabit that would sharedrop half on BTS and half on Brownies. I didn't hear a lot of the last one lately, I'm not 100% sure the project is still moving on.
BTS will be a more usual target for future shardroppping but we never know !

Anyway, this is the two main reason why people are holding their Brownies.PTS.
Now you know something else about Dan Larimer, about BitShares and its shareholders.

I wish you a great day, full of life, joy and nice readings on the Steemit platform. Enjoy !

Yours sincerely, @GlitterFart

Sort:  

"I intend to buy back brownies with some of my STEEM once all the infrastructure is in place to do it. I need to know how much STEEM I personally end up with. "

bytemaster

https://bitsharestalk.org/index.php/topic,22125.msg288672.html#msg288672

That was @dantheman statement on bitsharestalk forum at 05 April 2016. Since then we have no other updates about his intention to buy back brownie.pts even it is now clear he knows exactly how much STEEMs he owns !!! I hope one of the reason's the account @dantheman is powering down is because of his "promise"...

http://steemdown.com/

I made a similar post about brownie.pts 3 months ago here on steemit !!! But unfortunately @dantheman probably didn't noticed it(?)... I hope this time he will, and make us a comment/update!... check it out...
https://steemit.com/brownies/@liondani/bytemaster-i-intend-to-buy-back-brownies-with-some-of-my-steem-once-all

I missed the thread where he said that. That's even better !!!

We have the same pictures in both blog, I guess the one I've found in Google image was yours, thanks ;)

I have some brownies.pts but I'm not in a hurry to see what (or when) will happen. At the end of the day, Dan will do whatever he likes and nothing forces him to buy them back. He said "I entend to buy back", he can know said that he sincerely "intented to" but things have changed and now he won't do it anymore.

I think we should just be happy with our brownies and keep in mind that something may happen with them.

I use to work in a bar during my psychology studies. You know which client use to have most of the free drinks ? The cool ones who never ask. The ones who drink a couple of beers and ask for the "drink on the house" well ... they keep paying !

Even if he sees your blog or mine, I doubt very much he would upvote it. As he obviously decided that now it's not the "brownies time", he doesn't want this kind of post to be in front of the face of every Brownies holders.

I wasn't even sure to write it but it's a decent piece of information on a very special cryptocurrency and it has a place in the Steemit world.

I use to work in a bar during my psychology studies. You know which client use to have most of the free drinks ? The cool ones who never ask. The ones who drink a couple of beers and ask for the "drink on the house" well ... they keep paying !

lol

upvoted for gif lol

The gif is not mine, it was created at the time Dan announced the Brownies.pts. I found it in the old thread but thanks anyway !

Upvoted and following. Interesting coin, but mostly because your name is awesome! Lol

Inspired by my everyday life ... ;D

Thanks for the recent up vote on my this post!
https://steemit.com/steemit/@nathanbrown/business-com-promotes-steemit-com-encouraging-businesses-to-join-as-early-adopters-to-cash-in-on-the-new-blockchain-based-social

If you know any other dolphins or whales that would like to up vote this article I would really appreciate it. I'm giving away all my author rewards to the guy who wrote about Steemit.com on Business.com. If I can get the payout high enough on the post I wrote, say just $500, then I can use the proof of the earnings from this to entice other writers on places like enterpreneur.com and elsewhere to cover Steemit.com as well with me giving them revenue from a similar post I can put up after they cover Steemit.com

FYI, I'm a professional online marketer (you can check out my site here: www.integrationprofits.com) so I have experience making somewhat similar deals and think I have a good shot at making this work if I can get enough traction on the post above.

Of course, the more whales and dolphins vote on the post, the higher your curation rewards will be as well.

If you don't feel like passing it along, no worries. I really appreciate the up vote you already gave!