BitShares PTS (formerly ProtoShares) Mandatory Upgrade & Snapshot Announcement

[jasemoney]

currently you have to be a delegate 1 of 100 to mine coins in the DPOS system. this is not the scrypt coin it was before. you have to be elected as delegate... but you mention needing to register key so you have the right client maybe? im confused for you!

[bitcube]

There is a MAC OSX wallet released. Download link: https://github.com/PTS-DPOS/PTS/releases/tag/v2.0.1

[svedex]

hey there guys, does anyone know a good PTS pool besieds ypool?

[cryptrol]

hey there guys, does anyone know a good PTS pool besieds ypool?

Yes, have you tried www.thiscoinisnotPoWanymore.com ??

[Hilux74]

I can't get a handle on the DPOS system used in NewPTS and BitShares. 

This is my understanding...

Unlike most POS where my own holding stake after a while rewarding me for securing the network, under DPOS I spend some of my god damn holdings to vote in up to 101 other bastards that get all the rewards leaving me with less and less every time I participate. 

Sounds like a system where the majority of the individuals holding get worth less and less over time (both actual by voting cost, and %Total since they get none of newly minted coins) while a select few elite delegates get richer off everyone else's back. 

Please enlighten me if I have this confused.

[chryspano]

I can't get a handle on the DPOS system used in NewPTS and BitShares. 

This is my understanding...

Unlike most POS where my own holding stake after a while rewarding me for securing the network, under DPOS I spend some of my god damn holdings to vote in up to 101 other bastards that get all the rewards leaving me with less and less every time I participate. 

Sounds like a system where the majority of the individuals holding get worth less and less over time (both actual by voting cost, and %Total since they get none of newly minted coins) while a select few elite delegates get richer off everyone else's back. 

Please enlighten me if I have this confused.

You can see it this way, if bitcoin was using DPOS you would vote with your bitcoins for 101 "mining pools" (known as delegates in bitshares) each delegate would have a specific mission and would use the income for his mission like developing, marketing etc. Bitcoin burned something like 500 million $ last year for electricity, can you imagine the benefits if all those money were used in marketing, to hire more developers or to back any other good idea from the bitcoin community?

No more money to the electric power companies for POW, no more money to the big whales of POS coins that do absolutely nothing for the coin. In DPOS all "mining income" is used to develop and helps in the grownth of the coin that uses DPOS. It's up to you to decide what delegates would help the coin the most and VOTE them!     

I hope this helps.

[BitThink]

PoW ensures no one can get the new coins for free, and the free competition will force the miners to pay the new coins with the price close to the current market price. There's no trust needed and therefore no need for any politics.

DPoS, on the other way, will give 101 persons the free (or almost free) new coins (if there's any) and then there has to be a scheme to select/deselect those 101 persons. We have to trust them to spend them in the good way, and then we get everything just like those in our real world politics: voting, campaign, ...

Different philosophy, and it is still too early to say which one is better.

[bitcube]

PTS Deflationary effect.

There is a chart showing the reduction of supply - http://pts.bitsharesblocks.com/supply

While bitcoin (approx 10% inflation) and most altcoins go inflationary, PTS is going the opposite direction. A deflationary PTS helps to preserves your PTS investment for the long term and keep the price stable.

http://ptstalk.org/img/pts-supply-over-time.jpg

[ruletheworld]

PTS Deflationary effect.

There is a chart showing the reduction of supply - http://pts.bitsharesblocks.com/supply

While bitcoin (approx 10% inflation) and most altcoins go inflationary, PTS is going the opposite direction. A deflationary PTS helps to preserves your PTS investment for the long term and keep the price stable.

This doesn't seem to be reflected in Coinmarketcap supply, which shows 999,999,386 PTS currently.

[bitbollox]

Hi can someone tell me where the download link is for the windows wallet I cant see it in the [ANN] 

[bitcube]

Hi can someone tell me where the download link is for the windows wallet I cant see it in the [ANN] 

You can download latest wallet from http://www.ptscrypto.com.

The place to get the latest and fresh news is at http://ptstalk.org.  This is also the place to get support help. 

[noganoo]

I lost a ton of money on the dump.. Started buying at 2600 satoshi thinking I was getting a good deal.. not knowing about coin-swap.. Donations are appreciated.

BTC: 17W7i4cztdu8VSYvJes4a374ZVVJy8ivuh
BTS: poloniexwallet  Memo: efd8a725dcbd1d00

Thank you in advance for tips.  And a note to crypto-devs.. Please have the exchanges put a note on the market next time there is a 500x coin swap causing a 1000x drop in price.

[doc12]

Any news here ?

Seems like this project is dead ...

[bitcube]

Try out the newly launched PTS faucet for registration of new accounts - http://faucet.cubeconnex.com!

http://pts.cubeconnex.com/img/pts-faucet.jpg

[sidhujag]

Try out the newly launched PTS faucet for registration of new accounts - http://faucet.cubeconnex.com!

Nice clone lol

[infovortice2013]

this price for pts are asking to buy them. not loose oportunity.

[SteinGalen]

Is this coin dead, or what's the status?

[sudwtf]

anyone have a list of live protoshares nodes so that i can get synchronized? currently "no block source available" on my old client, i just want to sync then transfer my balance.  thank you.

[jaredboice]

trying to update to the new wallet on mac osx.  The two files are named differently.....so how should I fearlessly go about replacing the old file with the new file without losing any coins?  Thanks in advance!

[helloword2013]

why not PTS be removed on exchange?It's bter for some one.