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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: alphaBar on November 30, 2014, 05:24:12 AM



Title: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on November 30, 2014, 05:24:12 AM
************Updates****************

NEW CHAIN IS LAUNCHED:

NOTICE: Please upgrade to v2.0.1 (includes malleability fix from BTS 0.4.26)
Source: https://github.com/PTS-DPOS/PTS/tree/v2.0.1
Linux packages: http://software.opensuse.org/download.html?project=home%3Ap_conrad%3Abts&package=PTS
Windows build: https://github.com/PTS-DPOS/PTS/releases

************************************

Summary

* Upcoming snapshot will take place on December 14th
* New website is live: www.ptscrypto.com
* GUI client is nearing completion
* Testnet is stable, Dry Run #1 to be announced shortly


http://ptscrypto.com/images/logo_long.png

BitShares PTS (originally named “Protoshares”) is the original crypto-equity of the BitShares ecosystem. PTS was created prior to development of the BitShares Toolkit, a revolutionary blockchain technology using Dan Larimer’s Delegated Proof of Stake consensus algorithm (DPoS). PTS is a sharedrop instrument for future decentralized autonomous companies (DACs) built upon the Toolkit. Per the BitShares social consensus, PTS holders will receive at least a 10% share in all future DACs.

Now that development of the Toolkit is complete and the first DAC (BTS) is launched, the time has come to upgrade BitShares PTS away from the slow and inefficient proof of work protocol to a new DPoS blockchain using the BitShares Toolkit. We invite you to join us in celebrating the rebirth of BitShares PTS - a historic original, a pre-eminent sharedrop instrument, and now with unparalleled DPoS technology.


Snapshot

Block production in the current proof of work blockchain has slowed to a crawl. Therefore, the upgrade of BitShares PTS will use the last block produced and published to the network prior to the end of day on December 14, 2014 UTC. Exchanges should honor your stake in the new chain (specifics forthcoming).


Specifications

* 10 second block confirmation (!)
* Supply will be scaled to 1,000,000,000 (1 Billion) PTS
* Absolutely no inflation or dilution of the supply, now or ever
* Current PTS-holders will receive their exact proportion of stake in the new chain as of the snapshot date


Features

* Fair 100% proof of work distribution
* True anonymity using TITAN technology
* No ugly hash addresses (send and receive to usernames)


Social Consensus

The BitShares social consensus is a non-binding agreement and invitation to developers of future BitShares DACs to sharedrop at least 10% of their total allocation to PTS holders.

In this way, PTS holders receive a perpetual dividend in the form of ownership in every future BitShares DAC. And unlike Bitcoin, whose largest holders (the exchanges) would never honor a sharedrop, PTS-friendly exchanges such as Bter, Poloniex, and Btc38 have a track record of honoring ownership of PTS holders in new DACs. This makes PTS the ideal sharedrop instrument for developers who want dedicated DAC-friendly shareholders and wide distribution.


Principles

* simplicity - BitShares PTS is delegated proof of stake (DPOS). It is a pure implementation of the core DPOS protocol without the application-specific functionality of the many profitable DACs that will be built on top of it. In this way, PTS is the foundation layer of the BitShares ecosystem.

* openness - BitShares PTS is not only open-source, but also open strategy. PTS promotes open development and contribution to the BitShares platform by third party developers and investors. At the same time, PTS is agnostic to the features, technology, and business strategy of any particular DAC that is built on top of it. BitShares PTS is the Switzerland of DACs.

* collaboration - BitShares PTS will be built with extensibility and collaboration in mind. In addition to serving as the common core of profitable DACs, PTS will also serve as a launching pad and resource for developers of new DACs. In this way, any contribution to BitShares PTS is a contribution to the BitShares ecosystem. The mantra of PTS is: easy-to-use, easy-to-build, and easy-to-fork.

* stability - BitShares PTS is a stable, non-inflationary, and fairly distributed token. BitShares PTS is not a business and is not designed with the objective of maximizing profit. As the business environment changes, application-specific DACs will have to evolve to maintain their competitive advantage. PTS may also evolve, but only with a slow and steady hand that serves the interest of PTS holders and these principles.


BitShares PTS vs. Bitcoin

http://www.ptscrypto.com/images/DPOS2.jpg


Resources

* Website (http://www.ptscrypto.com)
* Forum (http://pts.cubeconnex.com)
* BitShares Subforum (https://bitsharestalk.org/index.php?board=1.0)
* Github (https://github.com/PTS-DPOS/PTS)
* Block Explorer (http://pts.bitsharesblocks.com)
* Reddit (http://www.reddit.com/r/protoshare)


Future Goals

* After the upgrade, a complete rebrand.
* A suite of technical, marketing, and community resources for DAC developers to build on top of PTS.


Exchanges

www.bter.com (http://www.bter.com)
www.poloniex.com (http://www.poloniex.com)


Sincere thanks to pc and cube for the development work, testz for his support and feedback, cass for helping with the website, and I3 for returning all PTS donated funds back to the community and breathing new life into this project.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on November 30, 2014, 06:59:14 AM
* simplicity - BitShares PTS is delegated proof of stake (DPOS) ... this is the worst meaning of "simplicity" , BTSX delegate process was pretty much limited to high end nerds as it more avnance then simple downloading a miner and running it on your PC  .


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on November 30, 2014, 06:59:42 AM
So are we going to miss out on the PLAY DAC snapshot ?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on November 30, 2014, 07:00:54 AM
I dont understand why we cant merge and delete one coin - do we need to have BTS and PTS which pretty much are the same thing now ?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on November 30, 2014, 07:18:22 AM
* simplicity - BitShares PTS is delegated proof of stake (DPOS) ... this is the worst meaning of "simplicity" , BTSX delegate process was pretty much limited to high end nerds as it more avnance then simple downloading a miner and running it on your PC  .

Average users are not required to run delegates. The entire point of DPoS is to eliminate the friction required for network participation by "delegating" the job of securing the network to 101 democratically elected representatives. Now, instead of "downloading a miner and running it on your PC" you simply vote for the delegates you trust to do the hard work of reliably mining blocks. And if they have less than 100% pay rate you actually profit from the fees that they burn.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: TinEye on November 30, 2014, 07:23:10 AM
Look at all the greedy people trying to extract as much money as they can from PTS.

Remember, this is not the real PTS, its a new coin with sharedrop on PTS. Anybody can start a new PTS and sharedrop on the real one.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on November 30, 2014, 07:25:23 AM
I dont understand why we cant merge and delete one coin - do we need to have BTS and PTS which pretty much are the same thing now ?

BTS is a feature-packed coin with an aggressive business strategy. BTS aims to disrupt a variety of industries including banking, DNS, and voting. PTS on the other hand is a reference implementation of DPoS and is agnostic to the features and business strategy of any particular DAC. It is intended to be a launching pad and sharedrop instrument for a variety of future DACs, some of which may compete directly or indirectly with BTS.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on November 30, 2014, 07:34:56 AM
Look at all the greedy people trying to extract as much money as they can from PTS.

Remember, this is not the real PTS, its a new coin with sharedrop on PTS. Anybody can start a new PTS and sharedrop on the real one.

The same can be said about any hard fork, including those of Bitcoin in the early days, or even of Bitshares very recently. The so-called "real" PTS is producing blocks at a rate of about 1 block per day, and will cease to exist shortly. This is why the custodian of PTS (testZ) and a long list of BitShares community members and developers are supporting the upgrade. It is not a "new coin" any more than almost every new client version of Bitshares X was a "new coin". What you are referring to is otherwise known as a hard fork - one that is supported by the community.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: TinEye on November 30, 2014, 08:05:22 AM
Look at all the greedy people trying to extract as much money as they can from PTS.

Remember, this is not the real PTS, its a new coin with sharedrop on PTS. Anybody can start a new PTS and sharedrop on the real one.

The same can be said about any hard fork, including those of Bitcoin in the early days, or even of Bitshares very recently. The so-called "real" PTS is producing blocks at a rate of about 1 block per day, and will cease to exist shortly. This is why the custodian of PTS (testZ) and a long list of BitShares community members and developers are supporting the upgrade. It is not a "new coin" any more than almost every new client version of Bitshares X was a "new coin". What you are referring to is otherwise known as a hard fork - one that is supported by the community.

Really? By community you mean a few of your buddies who bought up all on the cheap?

If you do not burn the PTS ( the original POW, PTS)  at launch, 2 weeks later I will launch the  real DPOS PTS...

https://bitsharestalk.org/index.php?topic=11877.msg156282#msg156282


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on November 30, 2014, 09:02:31 AM
Look at all the greedy people trying to extract as much money as they can from PTS.

Remember, this is not the real PTS, its a new coin with sharedrop on PTS. Anybody can start a new PTS and sharedrop on the real one.

The same can be said about any hard fork, including those of Bitcoin in the early days, or even of Bitshares very recently. The so-called "real" PTS is producing blocks at a rate of about 1 block per day, and will cease to exist shortly. This is why the custodian of PTS (testZ) and a long list of BitShares community members and developers are supporting the upgrade. It is not a "new coin" any more than almost every new client version of Bitshares X was a "new coin". What you are referring to is otherwise known as a hard fork - one that is supported by the community.

Really? By community you mean a few of your buddies who bought up all on the cheap?


I am a longtime PTS investor and supporter of I3. Dan, Stan, testz, fuzzy and a long list of other folks, both inside and outside of I3 are in support of the project. If you want to call them my friends then so be it, but there is no need to disparage the hard work of others. We're working hard to build something great, but if you don't see the value then simply don't invest.





Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: TinEye on November 30, 2014, 09:05:56 AM
Look at all the greedy people trying to extract as much money as they can from PTS.

Remember, this is not the real PTS, its a new coin with sharedrop on PTS. Anybody can start a new PTS and sharedrop on the real one.

The same can be said about any hard fork, including those of Bitcoin in the early days, or even of Bitshares very recently. The so-called "real" PTS is producing blocks at a rate of about 1 block per day, and will cease to exist shortly. This is why the custodian of PTS (testZ) and a long list of BitShares community members and developers are supporting the upgrade. It is not a "new coin" any more than almost every new client version of Bitshares X was a "new coin". What you are referring to is otherwise known as a hard fork - one that is supported by the community.

Really? By community you mean a few of your buddies who bought up all on the cheap?


I am a longtime PTS investor and supporter of I3. Dan, Stan, testz, fuzzy and a long list of other folks, both inside and outside of I3 are in support of the project. If you want to call them my friends then so be it, but there is no need to disparage the hard work of others. We're working hard to build something great, but if you don't see the value then simply don't invest.

I have PTS, thanks for the free coins. Please pump it up so I can sell for free money. In a few days someone else will again release another upgrade so more for me.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 02, 2014, 09:20:57 AM
* simplicity - BitShares PTS is delegated proof of stake (DPOS) ... this is the worst meaning of "simplicity" , BTSX delegate process was pretty much limited to high end nerds as it more avnance then simple downloading a miner and running it on your PC  .

Average users are not required to run delegates. The entire point of DPoS is to eliminate the friction required for network participation by "delegating" the job of securing the network to 101 democratically elected representatives. Now, instead of "downloading a miner and running it on your PC" you simply vote for the delegates you trust to do the hard work of reliably mining blocks. And if they have less than 100% pay rate you actually profit from the fees that they burn.

what so only the greedy ppl with the skill should earn ??? that a bit unfair


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: biophil on December 02, 2014, 02:39:40 PM
So are we going to miss out on the PLAY DAC snapshot ?

What do you mean? The PLAY snapshot of PTS was on November 5th.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: biophil on December 02, 2014, 02:42:41 PM
I strongly support this upgrade, and I will absolutely adopt the new DPOS PTS and abandon the old PoW PTS. I'll be fairly surprised if the market doesn't do this.

Non-snapshot-honoring exchanges like Cryptsy are going to be a serious problem. Maybe you could convince them to delist PoW PTS before the upgrade happens? That would really significantly aid adoption of the the DPOS version.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 02, 2014, 11:22:48 PM
So are we going to miss out on the PLAY DAC snapshot ?

What do you mean? The PLAY snapshot of PTS was on November 5th.

NO PLAY dac is on the 15th dec ,,, so there no way in hell i will be removing my PTS to my wallet ....( which will prob take 2 week for confirmations )

you should be asking all exchange to honor the snapshot


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: CLains on December 03, 2014, 02:56:52 PM
So are we going to miss out on the PLAY DAC snapshot ?

What do you mean? The PLAY snapshot of PTS was on November 5th.

NO PLAY dac is on the 15th dec ,,, so there no way in hell i will be removing my PTS to my wallet ....( which will prob take 2 week for confirmations )

you should be asking all exchange to honor the snapshot

No, Play is on 8th December for BitShares (http://coinmarketcap.com/currencies/bitshares-x/). For PTS  (http://coinmarketcap.com/currencies/bitshares-pts/)it was 5th november.

http://bitsharesplayfoundation.org/en/

If you want to move your PTS around, then just try first with a small amount (http://youtu.be/vX1CvW38cHA?t=35s) to see if it gets to the other side. ;)


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 03, 2014, 07:56:01 PM
Absolutely we are in contact with the exchanges (including Cryptsy) to ensure that the snapshot is honored. If you have connections at any particular service or exchange please reach out to me.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 04, 2014, 01:25:40 AM
Dry Run #1 is announced with new import by signed message feature: https://bitsharestalk.org/index.php?topic=11980
This is also a call for testers and "initial" delegates (details in the thread).


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: o3u on December 06, 2014, 09:33:30 PM
So are we going to miss out on the PLAY DAC snapshot ?

What do you mean? The PLAY snapshot of PTS was on November 5th.

NO PLAY dac is on the 15th dec ,,, so there no way in hell i will be removing my PTS to my wallet ....( which will prob take 2 week for confirmations )

you should be asking all exchange to honor the snapshot

No, Play is on 8th December for BitShares (http://coinmarketcap.com/currencies/bitshares-x/). For PTS  (http://coinmarketcap.com/currencies/bitshares-pts/)it was 5th november.

http://bitsharesplayfoundation.org/en/

If you want to move your PTS around, then just try first with a small amount (http://youtu.be/vX1CvW38cHA?t=35s) to see if it gets to the other side. ;)


damn it i tried a large TX and it's not going anywhere, doesn't seem to have been broadcast yet, anyway to stop this?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 08, 2014, 07:12:18 PM
damn it i tried a large TX and it's not going anywhere, doesn't seem to have been broadcast yet, anyway to stop this?

Unfortunately there is no way to stop a transaction that has already been broadcast (if it was picked up by the network, which you may not yet see). Was this a withdrawal from an exchange? You have about a week left until the snapshot, so chances are that the transaction will confirm in that time. If you are using Bter they will honor the snapshot anyway, so you should have nothing to worry about, even if the transaction is not confirmed.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: o3u on December 08, 2014, 09:11:14 PM
damn it i tried a large TX and it's not going anywhere, doesn't seem to have been broadcast yet, anyway to stop this?

Unfortunately there is no way to stop a transaction that has already been broadcast (if it was picked up by the network, which you may not yet see). Was this a withdrawal from an exchange? You have about a week left until the snapshot, so chances are that the transaction will confirm in that time. If you are using Bter they will honor the snapshot anyway, so you should have nothing to worry about, even if the transaction is not confirmed.

No its from my wallet to bter, there's about one confirmation so far (according to my wallet), but i don't see it on bter, not even as pending deposit.

edit: 2 confirmations according to wallet...
edit2: Resolved, it's through.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 12, 2014, 12:22:52 PM
So will we have pts 1 and pts 2 . - so I guess where all going to dump pts when we get the update . Which is only going to push the price down further



Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 14, 2014, 07:47:27 AM
So will we have pts 1 and pts 2 . - so I guess where all going to dump pts when we get the update . Which is only going to push the price down further

Bter and Poloniex will honor your snapshot and delist old PTS after the snapshot to avoid confusion and scams. Old PTS should technically be worth nothing after the snapshot as the proof of work network is dying/dead and the community has reached consensus on transitioning to the new chain. The new PTS chain will be the first token with (1) sharedrops in all future Bitshares DACs, (2) deflationary DPoS protocol, (3) 100% PoW distribution, and many more unique properties. Wont comment on price other than to say that I disagree with your assessment. Best of luck. :)


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 16, 2014, 03:01:59 PM
Version 2.0.1 has been published (merges fix for malleability issue in BTS 0.4.26) - please upgrade ASAP.
https://github.com/PTS-DPOS/PTS/releases


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: doc12 on December 16, 2014, 06:37:58 PM
Hi, I deposited some PTS at Poloniex 2 hours ago and the balance is not updated till now...  Someone already deposited some coins there successfully ?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: HunterS on December 16, 2014, 08:37:13 PM
anyone know when withdrawls on bter will be enabled again ???


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: o3u on December 17, 2014, 01:24:55 AM
What PTS is being traded on Poloniex?

it's 95% down from the value of the PTS on bter.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: jasemoney on December 17, 2014, 01:48:40 AM
What PTS is being traded on Poloniex?

it's 95% down from the value of the PTS on bter.
Bter PTS is still frozen. Also old PTS v1 had what 700-800 thousand, new DPOS PTS has 1 billion so the price should be expected to equalize at hopefully the same marketcap adjusted for new supply size.. and yes Polo is on the new version per:

Quote
TheSherpa: OldManKidd, sorry to bug ya, is this the new protoshares blockchain or reopened trading on the old one?
Quote
OldManKidd: TheSherpa, its the updated

Hopefully Bter reopens it soon!


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: o3u on December 17, 2014, 02:36:21 AM
What PTS is being traded on Poloniex?

it's 95% down from the value of the PTS on bter.
Bter PTS is still frozen. Also old PTS v1 had what 700-800 thousand, new DPOS PTS has 1 billion so the price should be expected to equalize at hopefully the same marketcap adjusted for new supply size.. and yes Polo is on the new version per:

Quote
TheSherpa: OldManKidd, sorry to bug ya, is this the new protoshares blockchain or reopened trading on the old one?
Quote
OldManKidd: TheSherpa, its the updated

Hopefully Bter reopens it soon!

so do you get the same proportion to market cap on the new blockchain as you had on the old?

there was only 700 thousand market cap for PTS v1 !!??


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 17, 2014, 02:58:28 AM
What PTS is being traded on Poloniex?

it's 95% down from the value of the PTS on bter.
Bter PTS is still frozen. Also old PTS v1 had what 700-800 thousand, new DPOS PTS has 1 billion so the price should be expected to equalize at hopefully the same marketcap adjusted for new supply size.. and yes Polo is on the new version per:

Quote
TheSherpa: OldManKidd, sorry to bug ya, is this the new protoshares blockchain or reopened trading on the old one?
Quote
OldManKidd: TheSherpa, its the updated

Hopefully Bter reopens it soon!

so do you get the same proportion to market cap on the new blockchain as you had on the old?

there was only 700 thousand market cap for PTS v1 !!??

Yes, proportion is exactly the same, only scaled by a factor of about 567x. In other words, multiply your "old" PTS by 567 to get your stake in the new chain. Looks like the market cap has taken quite a jump, but time will tell. :)


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: o3u on December 17, 2014, 03:03:30 AM
What PTS is being traded on Poloniex?

it's 95% down from the value of the PTS on bter.
Bter PTS is still frozen. Also old PTS v1 had what 700-800 thousand, new DPOS PTS has 1 billion so the price should be expected to equalize at hopefully the same marketcap adjusted for new supply size.. and yes Polo is on the new version per:

Quote
TheSherpa: OldManKidd, sorry to bug ya, is this the new protoshares blockchain or reopened trading on the old one?
Quote
OldManKidd: TheSherpa, its the updated

Hopefully Bter reopens it soon!

so do you get the same proportion to market cap on the new blockchain as you had on the old?

there was only 700 thousand market cap for PTS v1 !!??

Yes, proportion is exactly the same, only scaled by a factor of about 567x. In other words, multiply your "old" PTS by 567 to get your stake in the new chain. Looks like the market cap has taken quite a jump, but time will tell. :)

Any idea when BTer is unlocking funds?
or where can i follow bter development... they dont have an IRC channel nor active trollbox


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: doc12 on December 17, 2014, 04:20:37 AM
Dont you think 25 PTS transaction cost , are a bit tooo high ?  :( >:(


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: jasemoney on December 17, 2014, 04:50:41 AM
marketcap should take a jump, its moving from an old nearly stalled network to one thats speedy. reliability & confidence ;)


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 17, 2014, 06:31:50 AM
Dont you think 25 PTS transaction cost , are a bit tooo high ?  :( >:(

25 PTS is the recommended fee, 5PTS is the minimum. The original fee was 0.1 PTS which is roughly equivalent to 57PTS in the new chain. As you can see the fee amount is significantly lower than before, but high enough to compensate delegates for their service. Let me know if you have any other questions. Cheers.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 17, 2014, 06:41:33 AM
marketcap should take a jump, its moving from an old nearly stalled network to one thats speedy. reliability & confidence ;)

10 second transaction times are a healthy improvement over 1 block per day :P. And it seems 3rd party devs are really warming up to DPoS, which makes this a great time to buy some PTS to receive a piece of every future Bitshares DAC:

Quote
The BitShares platform will eventually grow to include a variety of different applications built upon a shared foundation of open source software known as the BitShares Toolkit. Bitshares PTS uses the core implementation of the BitShares Toolkit.

The BitShares platform enables more than just currency. It is software that can be used to build a variety of different autonomous business applications. Any person who uses BitShares software to build such an application is encouraged to “give back” a percentage of the value they create to current holders of BitShares PTS. This voluntary grant to PTS shareholders is commonly referred to as the Bitshares social consensus. In this way, your investment in BitShares PTS can earn you a share of any technology built on the BitShares software!

Source: www.ptscrypto.com


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: o3u on December 17, 2014, 07:06:36 AM
marketcap should take a jump, its moving from an old nearly stalled network to one thats speedy. reliability & confidence ;)

10 second transaction times are a healthy improvement over 1 block per day :P. And it seems 3rd party devs are really warming up to DPoS, which makes this a great time to buy some PTS to receive a piece of every future Bitshares DAC:

Quote
The BitShares platform will eventually grow to include a variety of different applications built upon a shared foundation of open source software known as the BitShares Toolkit. Bitshares PTS uses the core implementation of the BitShares Toolkit.

The BitShares platform enables more than just currency. It is software that can be used to build a variety of different autonomous business applications. Any person who uses BitShares software to build such an application is encouraged to “give back” a percentage of the value they create to current holders of BitShares PTS. This voluntary grant to PTS shareholders is commonly referred to as the Bitshares social consensus. In this way, your investment in BitShares PTS can earn you a share of any technology built on the BitShares software!

Source: www.ptscrypto.com

Speaking of DAC, what happened to the DNS on bter? i cannot trade it there


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: *Sakura* on December 17, 2014, 08:43:57 AM


Source: www.ptscrypto.com


WOW, very nice official website!  :)  Thanks!


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 17, 2014, 10:36:35 PM
marketcap should take a jump, its moving from an old nearly stalled network to one thats speedy. reliability & confidence ;)

10 second transaction times are a healthy improvement over 1 block per day :P. And it seems 3rd party devs are really warming up to DPoS, which makes this a great time to buy some PTS to receive a piece of every future Bitshares DAC:

Quote
The BitShares platform will eventually grow to include a variety of different applications built upon a shared foundation of open source software known as the BitShares Toolkit. Bitshares PTS uses the core implementation of the BitShares Toolkit.

The BitShares platform enables more than just currency. It is software that can be used to build a variety of different autonomous business applications. Any person who uses BitShares software to build such an application is encouraged to “give back” a percentage of the value they create to current holders of BitShares PTS. This voluntary grant to PTS shareholders is commonly referred to as the Bitshares social consensus. In this way, your investment in BitShares PTS can earn you a share of any technology built on the BitShares software!

Source: www.ptscrypto.com

there was nothing wrong with the old PTS BUT the developer were too lazy to change the Difficultl reg

so minner jump when it was low ... and they jump to the next coin when it was high which then left user waiting days for a single block

If the developer address this month ago we wouldn't be having this issues


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: jasemoney on December 17, 2014, 11:41:19 PM
marketcap should take a jump, its moving from an old nearly stalled network to one thats speedy. reliability & confidence ;)

10 second transaction times are a healthy improvement over 1 block per day :P. And it seems 3rd party devs are really warming up to DPoS, which makes this a great time to buy some PTS to receive a piece of every future Bitshares DAC:

Quote
The BitShares platform will eventually grow to include a variety of different applications built upon a shared foundation of open source software known as the BitShares Toolkit. Bitshares PTS uses the core implementation of the BitShares Toolkit.

The BitShares platform enables more than just currency. It is software that can be used to build a variety of different autonomous business applications. Any person who uses BitShares software to build such an application is encouraged to “give back” a percentage of the value they create to current holders of BitShares PTS. This voluntary grant to PTS shareholders is commonly referred to as the Bitshares social consensus. In this way, your investment in BitShares PTS can earn you a share of any technology built on the BitShares software!

Source: www.ptscrypto.com

there was nothing wrong with the old PTS BUT the developer were too lazy to change the Difficultl reg

so minner jump when it was low ... and they jump to the next coin when it was high which then left user waiting days for a single block

If the developer address this month ago we wouldn't be having this issues

well they didnt address it, and now we have a stable PTS platform. anyways I just would like to see Bter open it back up. its been a while...

side note,  ptscrypto.com currently its numbers point to the old blockchain..


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: doc12 on December 17, 2014, 11:50:10 PM
Anybody knows what up with bter ?  >:( trading still frozen since 4 days...


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 18, 2014, 01:17:33 AM
Anybody knows what up with bter ?  >:( trading still frozen since 4 days...

Bter is working hard to build the wallet and enable trading. Patience please! :)


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Coinmin on December 18, 2014, 02:55:25 AM
TIPS: BUY now from panic sellers!

Explain:
1. PTSv2 have 1,000,000,000 total.
2. BitsharesX have 2,500,000,000 total. And cost $ 0.015338.
3. Both coins will take 10% from all future DACs.
4. Do your math! :)

Be my guest!


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: doc12 on December 18, 2014, 10:40:33 PM
Anybody knows what up with bter ?  >:( trading still frozen since 4 days...

Bter is working hard to build the wallet and enable trading. Patience please! :)

Hm compiling on a 386 ?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: doc12 on December 20, 2014, 03:41:54 PM
Any news from bter ? Its a week now since snapshot and trading/coins are still frozen  >:( >:( >:(


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: bitcube on December 20, 2014, 04:10:56 PM
Any news from bter ? Its a week now since snapshot and trading/coins are still frozen  >:( >:( >:(

Bter is facing some technical challenges to get the new PTS running on their platform.  They are seeking help from the PTS devs. Details will be announced here - http://pts.cubeconnex.com/index.php?board=2.0


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 21, 2014, 10:58:38 AM
BTER.com has enable trading for PTS



Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 21, 2014, 12:04:37 PM
is there a basic step buy step to become a delegate ?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: HunterS on December 21, 2014, 12:34:21 PM
can someone tell me how i register account if i cant transfer funds from bter to a unregistered account so i have funds to register.
i got this error when i tried "cancelled:PTS account is not registered or memo is too long"


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: fox19891989 on December 21, 2014, 12:44:33 PM
several hunderd sat now, is it dead?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 21, 2014, 01:07:10 PM
can someone tell me how i register account if i cant transfer funds from bter to a unregistered account so i have funds to register.
i got this error when i tried "cancelled:PTS account is not registered or memo is too long"

funny i just asked the same question at the PTS

http://pts.cubeconnex.com/index.php?topic=133.0


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: HunterS on December 21, 2014, 01:11:45 PM
can someone tell me how i register account if i cant transfer funds from bter to a unregistered account so i have funds to register.
i got this error when i tried "cancelled:PTS account is not registered or memo is too long"

funny i just asked the same question at the PTS

http://pts.cubeconnex.com/index.php?topic=133.0
i have been reading through all the forums and i cant find anything about "memo" and how to withdraw to and unregistered wallet


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 21, 2014, 01:31:16 PM
same here


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 21, 2014, 11:13:18 PM
can someone tell me how i register account if i cant transfer funds from bter to a unregistered account so i have funds to register.
i got this error when i tried "cancelled:PTS account is not registered or memo is too long"

funny i just asked the same question at the PTS

http://pts.cubeconnex.com/index.php?topic=133.0
i have been reading through all the forums and i cant find anything about "memo" and how to withdraw to and unregistered wallet

The memo is optional and has nothing to do with your account. Bter allows withdrawal to either (1) a registered account name or (2) a public key of an unregistered account from your client. If you leave your public key here I can send you some PTS to get you started.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 22, 2014, 12:51:23 AM
The memo is optional and has nothing to do with your account. Bter allows withdrawal to either (1) a registered account name or (2) a public key of an unregistered account from your client. If you leave your public key here I can send you some PTS to get you started.

For clarification: when you launch your client you will be asked to enter an account name. This account will remain 'unregistered' until you fund the account and click the option to register the account. If you want to send money to this 'unregistered' account, you need to do the following:

1) Click 'My Accounts' in the left menu bar
2) Click the name of an existing account on this page (or click "Create New Account" to create a new one)
3) On the next page, under your account name, you will see an 'Account Key' which is a long hash address starting with the letters 'PTS...'. This is your account's public key. You can fund your account by sending PTS to this account key.

Let me know if you have any other questions.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 22, 2014, 02:14:21 AM
can someone tell me how i register account if i cant transfer funds from bter to a unregistered account so i have funds to register.
i got this error when i tried "cancelled:PTS account is not registered or memo is too long"

funny i just asked the same question at the PTS

http://pts.cubeconnex.com/index.php?topic=133.0
i have been reading through all the forums and i cant find anything about "memo" and how to withdraw to and unregistered wallet

The memo is optional and has nothing to do with your account. Bter allows withdrawal to either (1) a registered account name or (2) a public key of an unregistered account from your client. If you leave your public key here I can send you some PTS to get you started.

when I try to withdraw some from BTER , i use the key PTS7ZZ4TLG77G3ucATjFXUZH5gmEhGmGiYwy4nghvq8VbGBg97UE3

But doesnt work , then i try adding a memo and still doesnt work  .


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 22, 2014, 02:15:10 AM
The memo is optional and has nothing to do with your account. Bter allows withdrawal to either (1) a registered account name or (2) a public key of an unregistered account from your client. If you leave your public key here I can send you some PTS to get you started.

For clarification: when you launch your client you will be asked to enter an account name. This account will remain 'unregistered' until you fund the account and click the option to register the account. If you want to send money to this 'unregistered' account, you need to do the following:

1) Click 'My Accounts' in the left menu bar
2) Click the name of an existing account on this page (or click "Create New Account" to create a new one)
3) On the next page, under your account name, you will see an 'Account Key' which is a long hash address starting with the letters 'PTS...'. This is your account's public key. You can fund your account by sending PTS to this account key.

Let me know if you have any other questions.

does it cost 100 PTS to register account ?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 22, 2014, 04:33:11 AM

when I try to withdraw some from BTER , i use the key PTS7ZZ4TLG77G3ucATjFXUZH5gmEhGmGiYwy4nghvq8VbGBg97UE3

But doesnt work , then i try adding a memo and still doesnt work  .

I sent you some funds. Let me know if you received it and, if so, go ahead an register an account. Please also make sure you are using the latest client (version 2.0.1: https://github.com/PTS-DPOS/PTS/releases). Cheers.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Billyboy402 on December 22, 2014, 05:11:41 AM

when I try to withdraw some from BTER , i use the key PTS7ZZ4TLG77G3ucATjFXUZH5gmEhGmGiYwy4nghvq8VbGBg97UE3

But doesnt work , then i try adding a memo and still doesnt work  .

I sent you some funds. Let me know if you received it and, if so, go ahead an register an account. Please also make sure you are using the latest client (version 2.0.1: https://github.com/PTS-DPOS/PTS/releases). Cheers.

thanks

How come your fee was only 5 but it going to cost me 25 fee

also how much does it cost to register


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 22, 2014, 06:19:24 AM

when I try to withdraw some from BTER , i use the key PTS7ZZ4TLG77G3ucATjFXUZH5gmEhGmGiYwy4nghvq8VbGBg97UE3

But doesnt work , then i try adding a memo and still doesnt work  .

I sent you some funds. Let me know if you received it and, if so, go ahead an register an account. Please also make sure you are using the latest client (version 2.0.1: https://github.com/PTS-DPOS/PTS/releases). Cheers.

thanks

How come your fee was only 5 but it going to cost me 25 fee

also how much does it cost to register

To answer this and your prior question about fees:

* minimum transfer fee is 5PTS (I did not know my default was set to this)
* recommended transfer fee is 25PTS
* account registration fee is 100PTS

*Edit: sent you some more funds, I think I may have sent only 50PTS the first time. D'oh!


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: bitcube on December 23, 2014, 05:11:07 AM

thanks

How come your fee was only 5 but it going to cost me 25 fee

also how much does it cost to register

PTS minimum tx fee is 5 while the official recommended transaction fee is 25.  PTS has zero inflation (in fact, deflation when delegates start to burn their PTS), no donation and reduced total supply when PTS upgraded from 1.0 to 2.0.  In other words, delegates are working on their good-will and they are incentivised solely on PTS transaction fees.

Please use the recommended fee to thank them for their effort and to encourage them to contribute further.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: bitcube on December 23, 2014, 05:20:30 AM
several hunderd sat now, is it dead?

PTS is very much alive, and more than ever.  The old PTS coins that you own has now been scaled up approx 567 times.  The total PTS supply has reduced, so in fact, it is worth more.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Coin-Moron on December 24, 2014, 11:54:06 AM
I could see around 950 million coins remaining unclaimed in the block explorer.
What does it mean actually?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Coin-Moron on December 24, 2014, 11:56:50 AM
several hunderd sat now, is it dead?

PTS is very much alive, and more than ever.  The old PTS coins that you own has now been scaled up approx 567 times.  The total PTS supply has reduced, so in fact, it is worth more.
Could you please elaborate a bit more about this re-distribution. I could see only the amount of PTS had actually increased to 999 million, but you are saying otherwise.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: bitcube on December 24, 2014, 08:21:56 PM
several hunderd sat now, is it dead?

PTS is very much alive, and more than ever.  The old PTS coins that you own has now been scaled up approx 567 times.  The total PTS supply has reduced, so in fact, it is worth more.
Could you please elaborate a bit more about this re-distribution. I could see only the amount of PTS had actually increased to 999 million, but you are saying otherwise.

PTS POW (ie OLD PTS) was designed to have a total money supply of 2 millions in about 2 years. At the time of upgrade, a total of 1.76 million PTS was mined. These 1.76 million tokens are scaled up to the new PTS-DPOS supply of 2 billions. The difference (2 millions - 1.76 millions) is the reduction in PTS supply.  There is no re-distribution of PTS.  If you have 1 OLD PTS, you will get about 567 new PTS (after scaled up to meet the new total supply).

Edit: PTS POW has a 1% inflation target.  The new PTS DPOS has zero inflation and it may even become deflationary when delegates start using burn-rate ie burning PTS.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Coin-Moron on December 25, 2014, 11:12:51 AM
several hunderd sat now, is it dead?

PTS is very much alive, and more than ever.  The old PTS coins that you own has now been scaled up approx 567 times.  The total PTS supply has reduced, so in fact, it is worth more.
Could you please elaborate a bit more about this re-distribution. I could see only the amount of PTS had actually increased to 999 million, but you are saying otherwise.

PTS POW (ie OLD PTS) was designed to have a total money supply of 2 millions in about 2 years. At the time of upgrade, a total of 1.76 million PTS was mined. These 1.76 million tokens are scaled up to the new PTS-DPOS supply of 2 billions. The difference (2 millions - 1.76 millions) is the reduction in PTS supply.  There is no re-distribution of PTS.  If you have 1 OLD PTS, you will get about 567 new PTS (after scaled up to meet the new total supply).

Edit: PTS POW has a 1% inflation target.  The new PTS DPOS has zero inflation and it may even become deflationary when delegates start using burn-rate ie burning PTS.

Thanks for the clarification @ Bitcube.
So, Bitshares PTS wont be getting the 10% shares from BitsharesX DAC, right?
Also, i could see alphabar's trying to promote PTS as the base currency for the bitshares platform.
Isn't it like competing with the BTSX directly?




Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 26, 2014, 04:32:53 AM
Thanks for the clarification @ Bitcube.
So, Bitshares PTS wont be getting the 10% shares from BitsharesX DAC, right?
Also, i could see alphabar's trying to promote PTS as the base currency for the bitshares platform.
Isn't it like competing with the BTSX directly?

The BitsharesX snapshot has already transpired and already sharedropped 50% to PTS and 50% to AGS (the social consensus requires a minimum of 10% each). Also BTSX is now rebranded as just 'Bitshares' (BTS) and Invictus (the "company" that created the Bitshares software) is now disbanded. The original core developers are still working hard on BTS, but are now employed by the blockchain rather than a centralized corporate entity (this was done for obvious reasons). The new Bitshares uses an inflationary protocol that enables delegates to be paid for supporting the network in ways other that just block production. This new funding model enables the currency to incentivize rapid development and innovation. So, we are left with both BTS and PTS. These two tokens are not direct competitors, and are rather symbiotic for at least the following reasons:

* Both tokens promote DPoS as the most secure, innovative, and efficient consensus algorithm in the world.
* BTS was sharedropped 50% to PTS and thus represents a largely overlapping demographic.
* They use slightly different implementations of DPoS. BTS uses targeted inflation to raise funds for development/etc, while PTS is deflationary. In PTS, a delegate with a 100% pay rate receives 100% of the fees in the blocks that they produce. A 0% pay rate would simply burn those fees, thus reducing the supply and increasing the value of everyone else's shares.
* BTS is a true 'DAC' (distributed autonomous corporation), and is designed to rapidly evolve and to disrupt a variety of industries (DNS, Vote, Banking/Exchange, etc). BTS is the Ferrari of crypto-currencies and has cutting edge features found in no other coin.
* PTS is a stable 'currency-DAC' and sharedrop token. It is designed primarily to provide a stable unit of account with fair distribution, and to be a launching pad for feature-specific DACs (some of which may compete directly or indirectly with BTS). PTS is a reference implementation of DPoS and is the original and preferred sharedrop token. It cannot and will not compete with BTS on specific features or within specific industries. Rather, PTS is an investment in the protocol and the ecosystem of future BitShares DACs.

I think at this point most people realize that the crypto wars will not result in a single consolidated token used by every person and for every application. Rather, as Andreas puts it, there will likely be a few or a handful of tokens that take a majority of the marketshare. The rest will make up a long tail of tokens directed towards increasingly niche applications. If you believe this to be true, then it stands that both BTS and PTS can be enormously successful without competing directly for market share.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: damashup on December 26, 2014, 06:13:20 AM

* PTS is a stable 'currency-DAC' and sharedrop token. It is designed primarily to provide a stable unit of account with fair distribution, and to be a launching pad for feature-specific DACs (some of which may compete directly or indirectly with BTS). PTS is a reference implementation of DPoS and is the original and preferred sharedrop token. It cannot and will not compete with BTS on specific features or within specific industries. Rather, PTS is an investment in the protocol and the ecosystem of future BitShares DACs.


Just to clarify, is there still an expectation that future Bitshares DACS will sharedrop a minimum 10% to PTS holders (as per the social consensus)?

Obviously it would be for each DAC to decide whether to honour it. However if the social consensus still holds that would make DPoS-PTS a very attractive proposition.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: alphaBar on December 26, 2014, 07:38:40 AM

* PTS is a stable 'currency-DAC' and sharedrop token. It is designed primarily to provide a stable unit of account with fair distribution, and to be a launching pad for feature-specific DACs (some of which may compete directly or indirectly with BTS). PTS is a reference implementation of DPoS and is the original and preferred sharedrop token. It cannot and will not compete with BTS on specific features or within specific industries. Rather, PTS is an investment in the protocol and the ecosystem of future BitShares DACs.


Just to clarify, is there still an expectation that future Bitshares DACS will sharedrop a minimum 10% to PTS holders (as per the social consensus)?

Obviously it would be for each DAC to decide whether to honour it. However if the social consensus still holds that would make DPoS-PTS a very attractive proposition.

Absolutely. The social consensus was never altered. Here is a quote from Stan just today:

Quote from: Stan
...PTS and AGS would remain unchanged by us and might have utility for third party developers.  Our exact words were: 

"They also remain compelling demographics for third party developers to target in their share drops."
...




Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Coin-Moron on December 26, 2014, 02:26:22 PM
So, 10 % shares of any future DAC's can be expected to be share-dropped for PTS holders, right?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: jasemoney on December 26, 2014, 04:38:08 PM
So, 10 % shares of any future DAC's can be expected to be share-dropped for PTS holders, right?
My understanding is 10% of 3rd party DACS, as BTS "paid off" PTS holders a bit ago when it became its own DAC instead of being under the Invictus name. So anythign BTS comes out with will sharedreop on btsx, anything someone else does will sharedrop on angelshares & dpos pts.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: bitcube on December 31, 2014, 02:08:47 AM
So, 10 % shares of any future DAC's can be expected to be share-dropped for PTS holders, right?
My understanding is 10% of 3rd party DACS, as BTS "paid off" PTS holders a bit ago when it became its own DAC instead of being under the Invictus name. So anythign BTS comes out with will sharedreop on btsx, anything someone else does will sharedrop on angelshares & dpos pts.

Invictus has dissolved. Before it dissolved, it has changed its focus from creating multiple DACs into combining and doing only a single superDac, ie BTS.  In fact, it has merged all its previous DACs (bitsx, dns and vote) into _this_ Single Dac BTS. Going forward, there would be a series of independent developers interested in sharedroping on PTS eg Rand Paul Coin - https://bitcointalk.org/index.php?topic=848182.msg9970023#msg9970023.  This is an exciting time.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: CryptoStar on January 10, 2015, 03:58:46 AM
Cant understand. Bitshares (PTS) selling on poloniex.com 170 sat. Useless now or?
Thank You


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: jasemoney on January 10, 2015, 04:40:25 AM
Cant understand. Bitshares (PTS) selling on poloniex.com 170 sat. Useless now or?
Thank You
pts changed blockchain from traditional (and broken) pow to dpos, every 1 pts turned into about 570 pts therefore price matched by falling 570 times...  if you had pts before on poloniex or bter your balance is multiplied 570 times. if you had in wallet, take private key and unlock new coins on the new pts dpos blockchain client and do what you will.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Super T on January 27, 2015, 01:02:23 AM
Hi - sorry for the lack of awareness, I'm WAY out of the loop on PTS, would appreciate some help.

I have some PTS sitting on Cryptsy (bought maybe a year ago then forgot all about them), now i'm trying to figure out a few things:

It looks like PTS is now "new PTS" - Cryptsy still shows my original balance of what is presumably "old PTS"

How do I get the "new PTS"? Do I need to do anything?

Do I now automatically own other air-dropped DAC shares too?

If so, same question - how do I see them?






Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: jasemoney on January 27, 2015, 02:39:08 AM
Hi - sorry for the lack of awareness, I'm WAY out of the loop on PTS, would appreciate some help.

I have some PTS sitting on Cryptsy (bought maybe a year ago then forgot all about them), now i'm trying to figure out a few things:

It looks like PTS is now "new PTS" - Cryptsy still shows my original balance of what is presumably "old PTS"

How do I get the "new PTS"? Do I need to do anything?

Do I now automatically own other air-dropped DAC shares too?

If so, same question - how do I see them?





You need to contact cryptsy support open a ticket and ask them to knwo for sure. As far as I know, and I could be wrong but... I do not believe they honored the switch. and they are on the old blockchain.. if cryptsy is interested in doing the leg work they can take their PTS private keys, and unlock their respective coins on the new blockchain PTS-Dpos. then they could give each of their users with a balance 570 coins for every PTS coin they have. since cryptsy doesnt have any Delegated Proof of Stake coins, they may be unwilling to implement the changes needed to their system to accomodate, same as they never have made the changes necessary to implement any cryptonote coins like XMR.


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: Super T on January 27, 2015, 10:57:58 AM

...
You need to contact cryptsy support open a ticket and ask them to knwo for sure. As far as I know, and I could be wrong but... I do not believe they honored the switch. and they are on the old blockchain.. if cryptsy is interested in doing the leg work they can take their PTS private keys, and unlock their respective coins on the new blockchain PTS-Dpos. then they could give each of their users with a balance 570 coins for every PTS coin they have. since cryptsy doesnt have any Delegated Proof of Stake coins, they may be unwilling to implement the changes needed to their system to accomodate, same as they never have made the changes necessary to implement any cryptonote coins like XMR.

ok thanks - have done that - I have a feeling this is going to be a long process.  There must be a ton of others in the same boat, what a mess.

If I can get my address and private key exported, are there instructions anywhere on how to perform this migration manually?

Also - have other DAC shares been issued over the past 12 months to PTS holders, assuming so, is there a process for accessing/tracking these (presumably also reliant on access to original address)?


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: markm on June 28, 2015, 04:40:50 AM
I found two threads about this, they have slightly different github URLs they say to go to, however the BUILD instructions for Ubuntu on both pages are the same, and also the URL that github provides for you to use in your clone command are also the same.

Thus I followed the instructions:

Code:
sudo apt-get update
sudo apt-get install cmake git libreadline-dev uuid-dev g++ libdb++-dev libdb-dev zip libssl-dev openssl build-essential python-dev autotools-dev libicu-dev libbz2-dev libboost-dev libboost-all-dev
git clone https://github.com/PTS-DPOS/PTS.git
cd PTS
git submodule init
git submodule update
cmake .
make

git submodule update gets an error regarding leveldb:

Code:
fatal: reference is not a tree: 028f9409247be6d3d09a157e8eb347a173afc599
Unable to checkout '028f9409247be6d3d09a157e8eb347a173afc599' in submodule path 'libraries/leveldb'

I suspect that maybe these instructions are leaving out some kind of magic involving the difference between the github URL this thread specifies and the one the older thread specifies.

Basically, this thread seems to dive into the thing deeper instead of being the front page of the project, so maybe some kind of magic involving tags might need to be added to those instructions in order to make them work?

Specifically, the URL github shows on the page for you to clone is the URL the older thread gave, not the URL of the actual page tis thread tells you to go to.

I have a bunch of protoshares wallets so I am trying to get modern version of protoshares so I can start looking into what is in those wallets...

-MarkM-


Title: Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
Post by: runpaint on September 21, 2015, 04:01:28 AM
So it's been 10 months, and not a single thing has ever been sharedropped to holders of BitShares PTS.

In related news, PTS went to 19 satoshis today.