Bitcoin Forum

Thats false advertising. Core I3 DACs (Bitshares, MUSIC and PLAY) are already allotted, and the future 3rd party DACs have no obligation or incentive to sharedrop on alphaBar PTS (stop calling it Bitshares PTS).

For all those who are confused with the Bitshares name, PTS was originally one of the two sharedrop vehicles for I3 DACs. Last month Bitshares decided to merge and also awarded stake to the PTS holders, and as far as they are concerned PTS is irrelevant. alphaBar, with support from some of the community, decided to create a DPoS version of it and keep it running.

BitShares PTS is being upgraded to DPOS based on a snapshot on December 14th 2014. The new repository can be found here: https://github.com/PTS-DPOS/PTS http://ptscrypto.com

This is awesome guys.  Nice job!
I look forward to seeing PTS back in the Top 20 soon.
Gandalf the Grey reappearing to our delight as Gandalf the White!

One dumb question:
i downloaded the new wallet and bought some PTS on exchange, but how am i supposed to withdraw the coins from exchange to my wallet if i don't have coins in wallet to register my account in the blockchain ?

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Amazing that you will continue to spread your lies everywhere you go. Dan, Stan, Testz, all of the major exchanges, coinmarketcap, and a long list of other core devs have supported the project. Bytemaster updated the original github repository just a couple of days ago with this message (https://github.com/BitShares/BitShares-PTS):

...

Thats false advertising. Core I3 DACs (Bitshares, MUSIC and PLAY) are already allotted, and the future 3rd party DACs have no obligation or incentive to sharedrop on alphaBar PTS (stop calling it Bitshares PTS).

For all those who are confused with the Bitshares name, PTS was originally one of the two sharedrop vehicles for I3 DACs. Last month Bitshares decided to merge and also awarded stake to the PTS holders, and as far as they are concerned PTS is irrelevant. alphaBar, with support from some of the community, decided to create a DPoS version of it and keep it running.

Agree 100%. The devs saying they "support" this are doing so as a good faith gesture so they don't look like bad guys going against the "social consensus" (that was effectively eliminated upon the merger). And they know there's no way to completely eliminate PTS or someone else will just try to resurrect it all over again, so might as well support it. The devs even returned all PTS donated to them over the past year to show they no longer have any affiliation to PTS after ultimately buying them out with an airdrop of BTS. I cannot support alphaBar PTS as it is no longer indicative of the core BTS community whatsoever. BTS is where it's at.

Hi, can somebody help me.
I have some coins in my local wallet (from January 2014). I also haven't opened this wallet since january.
For what and where can I exchange this old coins?

I still don't get it. Do I need just import private keys to new wallet(dec 14), or do I need to import keys also to PLAY, MUSIC, BitSharesX and maybe some more?

I apriciate everyones concern and feedback, but please back off.  We all get the point and this discussion is interfering with actual productive R&D.   

If we are talking about principles here:

1) PTS should live on and be supported by who ever wants to buy in / share drop to it.
2) BTS should ask for a reasonable recognition (20% or less) share drop in future chains.
3) AGS is what it is. It is just another share drop target.   I personally thing PTS should have share dropped 10% on AGS for funding its upgrade and freeing it from mining.   
4) I don't want DVS to set any precedents.

Somebody else made the comment. But it is soooo good, I decided to borrow it:

The truth is that which approach is best varies with how each person weights the factors that go into in.

BM apparently weighs honoring the toolkit a bit higher.
Alphabar weighs keeping the distribution unchanged higher.

Both are noble considerations.

BM sees PTS as another chain that is borrowing toolkit technology to upgrade.
Alphabar sees himself as donating his time to help fix something for the community that was broken.

Both are valid perspectives.

All such decisions can be tipped one way or the other by adding just one more little fact or motivation.

That doesn't mean that either side is wrong or evil.  We all just weigh the various factors differently.

We need to realize that lots of arguing is not likely to change these weightings.  They go deep into each individual's personal beliefs.

Since we aren't likely to change those, we should try to accept the choice of the person who must decide.
Otherwise, we are just continuing to pollute our collective swimming pool with no further benefit.

Whether we grow or fade depends on how fresh and clean we keep the water in this swimming pool.

Was AGS or PTS a regular mined PoW Bitcoin fork at some point?

AGS was never liquid, PTS was a PoW coin with momentum algo which favoured CPU mining. After BTS inflated and gave away 7% to PTS and announced that any commitment to PTS is over, the price and consequently the hashrate dropped and the coin was almost dead.

alphaBar with support of some PTS holders decided to release a DPoS version of PTS with a snapshot taken on 14th Dec. Some exchanges like Bter accepted this alphaBar PTS as the 'real' PTS and keeps trading it, others like Btc38 considered PTS as done and delisted it.

So was PTS written from scratch by i3?

I'm curious as to how easy it was for them to simply switch it over to DPoS. And I also wonder how viable doing that would be for existing PoW currencies.

It sounds like in this case some people have a large amount of PTS or something and want to get whatever they can out of it.

It was not a fork, it was a snapshot and a new genesis block was initialized from that. The problem arises, as I3 found out after the merger/inflation (or whatever term alphaBar prefers), that the chain lives on as long as there are miners.

Ah, this is a sticky situation then as the decentralised original chain can't just be killed off, I see. I see what some of the controversy is about here.

The idea of a new DPoS currency has value in itself as it's a pretty innovative idea. Maybe it would have been better to start fresh though.