BitShares PTS (formerly ProtoShares) Mandatory Upgrade & Snapshot Announcement

[l3jmr]

i see, will redirect there then thanks

[LiteCoinGuy]

who are the Devs behind this?

china coin 2.0 ?

[oroqen]

Current price is $7 per PTS
Current supply is 752,000  http://btsblock.com/chain/ProtoShares
Current market cap: $5.2 million.

Both overvalued.

pretty steady at $10.92  - http://www.btc38.com/trade.html?btc38_trade_coin_name=pts

It doesn't cost $11 to mine 1 ProtoShare, regardless of how hard it has become at the current difficulty, it's only 11 days old with 3/8 of it's supply already mined most of which was done at low difficulty over a couple of days of what the developer wanted to be weeks. It's Also been manipulated on the exchange to drive the price up so some of the early miners and buyers can cash out for a much higher value than it cost them too acquire in the first place.

I disagree -  in principal

true the difficulty had to be raised but , to be honest the whole "Bitshare" idea in its self was not well received , so there would have been zero expectation of the sort of reception PTS has received.

but the PoW and the new Blockchain algorithm kind of changed that ,  so the market was "caught off guard ",

then the follow though , was the way in  which it has seemed to be received in China and some of the clarifications around the principals of a DAC.

i believe the price is as it is because people expect that it will be much higher as these principals further develop .

having said that , more exchanges would help price discovery .

and more pools would help more people acquire it .

I wish I could disagree facts on principal of financial principals, but the reality is this isn't the first coin to do a new algorithm (badly might I add, from what others have done with miners going up 100s of percent, I'd would say the original implementation was either deliberately bad/sloppy or just rushed), be released first too a Chinese exchange, or too have an insanely unrealistic price evaluation early in it's life. I guess some people just have more money than sense, and just want too speculate on a factious value, gotta love free markets, right?

[digitalindustry]

Current price is $7 per PTS
Current supply is 752,000  http://btsblock.com/chain/ProtoShares
Current market cap: $5.2 million.

Both overvalued.

pretty steady at $10.92  - http://www.btc38.com/trade.html?btc38_trade_coin_name=pts

It doesn't cost $11 to mine 1 ProtoShare, regardless of how hard it has become at the current difficulty, it's only 11 days old with 3/8 of it's supply already mined most of which was done at low difficulty over a couple of days of what the developer wanted to be weeks. It's Also been manipulated on the exchange to drive the price up so some of the early miners and buyers can cash out for a much higher value than it cost them too acquire in the first place.

I disagree -  in principal

true the difficulty had to be raised but , to be honest the whole "Bitshare" idea in its self was not well received , so there would have been zero expectation of the sort of reception PTS has received.

but the PoW and the new Blockchain algorithm kind of changed that ,  so the market was "caught off guard ",

then the follow though , was the way in  which it has seemed to be received in China and some of the clarifications around the principals of a DAC.

i believe the price is as it is because people expect that it will be much higher as these principals further develop .

having said that , more exchanges would help price discovery .

and more pools would help more people acquire it .

I wish I could disagree facts on principal of financial principals, but the reality is this isn't the first coin to do a new algorithm (badly might I add, from what others have done with miners going up 100s of percent, I'd would say the original implementation was either deliberately bad/sloppy or just rushed), be released first too a Chinese exchange, or too have an insanely unrealistic price evaluation early in it's life. I guess some people just have more money than sense, and just want too speculate on a factious value, gotta love free markets, right?

Bitcoin.

[oroqen]

Current price is $7 per PTS
Current supply is 752,000  http://btsblock.com/chain/ProtoShares
Current market cap: $5.2 million.

Both overvalued.

pretty steady at $10.92  - http://www.btc38.com/trade.html?btc38_trade_coin_name=pts

It doesn't cost $11 to mine 1 ProtoShare, regardless of how hard it has become at the current difficulty, it's only 11 days old with 3/8 of it's supply already mined most of which was done at low difficulty over a couple of days of what the developer wanted to be weeks. It's Also been manipulated on the exchange to drive the price up so some of the early miners and buyers can cash out for a much higher value than it cost them too acquire in the first place.

I disagree -  in principal

true the difficulty had to be raised but , to be honest the whole "Bitshare" idea in its self was not well received , so there would have been zero expectation of the sort of reception PTS has received.

but the PoW and the new Blockchain algorithm kind of changed that ,  so the market was "caught off guard ",

then the follow though , was the way in  which it has seemed to be received in China and some of the clarifications around the principals of a DAC.

i believe the price is as it is because people expect that it will be much higher as these principals further develop .

having said that , more exchanges would help price discovery .

and more pools would help more people acquire it .

I wish I could disagree facts on principal of financial principals, but the reality is this isn't the first coin to do a new algorithm (badly might I add, from what others have done with miners going up 100s of percent, I'd would say the original implementation was either deliberately bad/sloppy or just rushed), be released first too a Chinese exchange, or too have an insanely unrealistic price evaluation early in it's life. I guess some people just have more money than sense, and just want too speculate on a factious value, gotta love free markets, right?

Bitcoin.

I seem to have struck a nerve, or you maybe your having a stroke and can only complete one word responses. Bitcoin was the first, you cant compare it to new coins as Bitcoin was/is the setup for theses markets in the first place.

[burnum]

Current price is $7 per PTS
Current supply is 752,000  http://btsblock.com/chain/ProtoShares
Current market cap: $5.2 million.

Both overvalued.

If I could produce californium synthetically it would take a little while for news to spread and the price would increase quickly, there is a market for californium already and so a price set for it, why do you feel PTS is overvalued?

[coininaction]

thx free trade for your effort to III ...

[Mapuo]

god damn can someone make a pool that works more then a couple of hours? so tired of this crap ypool and beer goin down every couple of hours...

Beer pool has been up. Only the site is down.

And dont pay...

[bitdraw]

i dont get why pts is not integrated into any exchanges except the chinese one ...

[NUFCrichard]

can i manually withdraw from ypool?

No, you have to set a withdraw amount in your profile and they will send the coins once that threshold is met.

So I set my limit to 5pts before withdrawal, now I have 2 pts but will probably never reach 5pts on my crappy pc. Can I reduce my payout limit somehow? It reverts back to 5pts whenever I try to move it to 2pts...

[NUFCrichard]

i dont get why pts is not integrated into any exchanges except the chinese one ...

Because it is less than 2 weeks old...

[digitalindustry]

Current price is $7 per PTS
Current supply is 752,000  http://btsblock.com/chain/ProtoShares
Current market cap: $5.2 million.

Both overvalued.

pretty steady at $10.92  - http://www.btc38.com/trade.html?btc38_trade_coin_name=pts

It doesn't cost $11 to mine 1 ProtoShare, regardless of how hard it has become at the current difficulty, it's only 11 days old with 3/8 of it's supply already mined most of which was done at low difficulty over a couple of days of what the developer wanted to be weeks. It's Also been manipulated on the exchange to drive the price up so some of the early miners and buyers can cash out for a much higher value than it cost them too acquire in the first place.

I disagree -  in principal

true the difficulty had to be raised but , to be honest the whole "Bitshare" idea in its self was not well received , so there would have been zero expectation of the sort of reception PTS has received.

but the PoW and the new Blockchain algorithm kind of changed that ,  so the market was "caught off guard ",

then the follow though , was the way in  which it has seemed to be received in China and some of the clarifications around the principals of a DAC.

i believe the price is as it is because people expect that it will be much higher as these principals further develop .

having said that , more exchanges would help price discovery .

and more pools would help more people acquire it .

I wish I could disagree facts on principal of financial principals, but the reality is this isn't the first coin to do a new algorithm (badly might I add, from what others have done with miners going up 100s of percent, I'd would say the original implementation was either deliberately bad/sloppy or just rushed), be released first too a Chinese exchange, or too have an insanely unrealistic price evaluation early in it's life. I guess some people just have more money than sense, and just want too speculate on a factious value, gotta love free markets, right?

Bitcoin.

I seem to have struck a nerve, or you maybe your having a stroke and can only complete one word responses. Bitcoin was the first, you cant compare it to new coins as Bitcoin was/is the setup for theses markets in the first place.

nope still functioning -

it seemed like the best response , i mean its hard to argue against.

Bitcoin "setup" cryptocurrency markets ?  to a degree and not very relevant, also BTC revolutionized cryptocurrency and "effectively decentralized it"  .

all i was stating is all your argument could apply to BTC , if BTC goes to spot Gold to USD fiat , everyone will be making your argument , but against BTC, and so it goes.....

[bitdraw]

i dont get why pts is not integrated into any exchanges except the chinese one ...

Because it is less than 2 weeks old...

valid argument

[super3]

i dont get why pts is not integrated into any exchanges except the chinese one ...

Because it is less than 2 weeks old...

valid argument

When it is put on an american exchange that is as least going to 0.1 PTS/BTC.

[bitdraw]

i dont get why pts is not integrated into any exchanges except the chinese one ...

Because it is less than 2 weeks old...

valid argument

When it is put on an american exchange that is as least going to 0.1 PTS/BTC.

0.1 PTS/BTC seems a bit unrealistic...

[ruletheworld]

i dont get why pts is not integrated into any exchanges except the chinese one ...

Because it is less than 2 weeks old...

valid argument

When it is put on an american exchange that is as least going to 0.1 PTS/BTC.

Possible, but how do you know? Lots of early miners are waiting for it to get on an exchange so they can cash out. Many people don't want to deal with messy forum trading.

[bitdraw]

i dont get why pts is not integrated into any exchanges except the chinese one ...

Because it is less than 2 weeks old...

valid argument

When it is put on an american exchange that is as least going to 0.1 PTS/BTC.

Possible, but how do you know? Lots of early miners are waiting for it to get on an exchange so they can cash out. Many people don't want to deal with messy forum trading.

if a lot want to cash out big, the price is likely gonna fall not rise ..

[oroqen]

Current price is $7 per PTS
Current supply is 752,000  http://btsblock.com/chain/ProtoShares
Current market cap: $5.2 million.

Both overvalued.

pretty steady at $10.92  - http://www.btc38.com/trade.html?btc38_trade_coin_name=pts

It doesn't cost $11 to mine 1 ProtoShare, regardless of how hard it has become at the current difficulty, it's only 11 days old with 3/8 of it's supply already mined most of which was done at low difficulty over a couple of days of what the developer wanted to be weeks. It's Also been manipulated on the exchange to drive the price up so some of the early miners and buyers can cash out for a much higher value than it cost them too acquire in the first place.

I disagree -  in principal

true the difficulty had to be raised but , to be honest the whole "Bitshare" idea in its self was not well received , so there would have been zero expectation of the sort of reception PTS has received.

but the PoW and the new Blockchain algorithm kind of changed that ,  so the market was "caught off guard ",

then the follow though , was the way in  which it has seemed to be received in China and some of the clarifications around the principals of a DAC.

i believe the price is as it is because people expect that it will be much higher as these principals further develop .

having said that , more exchanges would help price discovery .

and more pools would help more people acquire it .

I wish I could disagree facts on principal of financial principals, but the reality is this isn't the first coin to do a new algorithm (badly might I add, from what others have done with miners going up 100s of percent, I'd would say the original implementation was either deliberately bad/sloppy or just rushed), be released first too a Chinese exchange, or too have an insanely unrealistic price evaluation early in it's life. I guess some people just have more money than sense, and just want too speculate on a factious value, gotta love free markets, right?

Bitcoin.

I seem to have struck a nerve, or you maybe your having a stroke and can only complete one word responses. Bitcoin was the first, you cant compare it to new coins as Bitcoin was/is the setup for theses markets in the first place.

nope still functioning -

it seemed like the best response , i mean its hard to argue against.

Bitcoin "setup" cryptocurrency markets ?  to a degree and not very relevant, also BTC revolutionized cryptocurrency and "effectively decentralized it"  .

all i was stating is all your argument could apply to BTC , if BTC goes to spot Gold to USD fiat , everyone will be making your argument , but against BTC, and so it goes.....

Unfortunately I am not a mind reader, and simply stating a single word response is meaningless even within the context of the last few messages, It's the equivalent too saying "Is so" too a child and expecting them too just take your word. Bitcoin didn't revolutionize Cryptocurrency, it pretty much created it (unless you can cite something prior too Bitcoins inception in 2009 that falls squarely into the Cryptocurrency bracket, decentralization included), it was built to be decentralized, so I have no idea what the point is with any of that.
Despite rational thinking people are asking allot for something that costs relatively little too produce, what's the going rate on digital ocean, .007c per hour? even if it takes 24 hours too mine 1 coin using 1 instance, it's cost was only 16c, yet for a buyer your expected too pay $11, at that rate its still profitable too mine for 1570 hours for 1 coin using just there service. Primecoin had a strong price too at its start, that too suffered similar problems too Protoshares start with a massive influx of cloud servers but once mining had evened out and the dumps done, it evened out. I fully expect that too happen here.
Yes it's a free market, Yes it's open too multiplication, price variance and farts on the wind. I don't have to pay for what I don't want, and I'm really not buying into any of this DAC business. I'm not trying too disrespect you or Protoshares, I'm just trying to find a reason as too why something produced so cheap is being sold for so much on a promise of other coins that we have no idea will be useful, just copycats or ever come to fruition.

[mu-b]

I'm currently working on an optimised ptsminer v0.5, I'm looking for people that might want to give it a try! The current version of the optimised version is some 30-35% faster depending on the cpu used (and what compile flags I give it), at the moment I'm only bothering with OSX and linux clients only.

So, anyone want to give this miner a test? drop me a PM if your interested.

I've tested thoroughly on Intel Core i7 based cpu's with good results. I'm not likely to push this much further, although that would definitely be possible with work.

[bytemaster]

I'm currently working on an optimised ptsminer v0.5, I'm looking for people that might want to give it a try! The current version of the optimised version is some 30-35% faster depending on the cpu used (and what compile flags I give it), at the moment I'm only bothering with OSX and linux clients only.

So, anyone want to give this miner a test? drop me a PM if your interested.

I've tested thoroughly on Intel Core i7 based cpu's with good results. I'm not likely to push this much further, although that would definitely be possible with work.

30% faster compared to?