BitShares PTS (formerly ProtoShares) Mandatory Upgrade & Snapshot Announcement

[testz]

Does anybody know if there is a specific time at which the wallets need to hold Bitshares-PTS to get an allocation to Bitshares? Just wondering when I need to make sure the PTS is tied up there. Thanks.

Wallet should hold BitShares-PTS at the last block for 28 February GMT that mean 0:00 GMT between 28 February and 1 March.
Protocol allow time diff +- 2 hours, to be safe, keep BitShares-PTS at wallet from 28 February 20:00 GMT to 1 March 04:00 GMT

BTW Bter announce that will redeem users PTS to BitShares X: https://bitsharestalk.org/index.php?topic=3267.0

[Mkilbride]

My PTS I sent to the new Wallet -still- has not received them, what is going on? Says 0/6 Verifications.

[Armando]

I can't understand one thing - what will happen if you'll spend the coins after the snap will taken? Or we will not be able to use PTS after the snapshot?

[Stinky_Pete]

I've just received a bunch of small payouts from various ptsminer pools and beeeeer.org. I assume these are the pools closing down so as not to have problems with the transition. Anyone know otherwise?

[pmconrad]

I can't understand one thing - what will happen if you'll spend the coins after the snap will taken? Or we will not be able to use PTS after the snapshot?

You will receive BTS for PTS you're holding at the time of the snapshot. If you spend  the PTS later, you'll still receive the BTS you had at the time of the snapshot. That's the meaning of 'snapshot'.

PTS will continue to function as before, the snapshot does not have any impact on it.

[ruletheworld]

I can't understand one thing - what will happen if you'll spend the coins after the snap will taken? Or we will not be able to use PTS after the snapshot?

You will receive BTS for PTS you're holding at the time of the snapshot. If you spend  the PTS later, you'll still receive the BTS you had at the time of the snapshot. That's the meaning of 'snapshot'.

PTS will continue to function as before, the snapshot does not have any impact on it.

This.
Also, remember to keep your wallet.dat or your private keys even after you spend your PTS after the snapshot. That's the only way you'll get credited for the BTS owed to you.

[Armando]

I can't understand one thing - what will happen if you'll spend the coins after the snap will taken? Or we will not be able to use PTS after the snapshot?

You will receive BTS for PTS you're holding at the time of the snapshot. If you spend  the PTS later, you'll still receive the BTS you had at the time of the snapshot. That's the meaning of 'snapshot'.

PTS will continue to function as before, the snapshot does not have any impact on it.

This.
Also, remember to keep your wallet.dat or your private keys even after you spend your PTS after the snapshot. That's the only way you'll get credited for the BTS owed to you.

Thanks, guys. By the way, why the hell donations are still active here: http://www1.agsexplorer.com/ They supposed to finish the process after 28th, so the plans were changed?

[sidhujag]

I can't understand one thing - what will happen if you'll spend the coins after the snap will taken? Or we will not be able to use PTS after the snapshot?

You will receive BTS for PTS you're holding at the time of the snapshot. If you spend  the PTS later, you'll still receive the BTS you had at the time of the snapshot. That's the meaning of 'snapshot'.

PTS will continue to function as before, the snapshot does not have any impact on it.

This.
Also, remember to keep your wallet.dat or your private keys even after you spend your PTS after the snapshot. That's the only way you'll get credited for the BTS owed to you.

Thanks, guys. By the way, why the hell donations are still active here: http://www1.agsexplorer.com/ They supposed to finish the process after 28th, so the plans were changed?

Still 28th on my watch

[Mkilbride]

My PTS still aren't in the new wallet!

I sent them TWO days ago!

10 of them! I mined really hard for Weeks!

It just says 0 of 6 confirms!

How the hell...how does this work!?

I sent my 10, to my new wallets address, and just nothing!

"Status: 0/unconfirmed
Date: 2/26/2014 12:31
To: PTS Shares PisdFtPMZx5PSW9GetkcDw6vWj3aAgbemv
Debit: -10.059971 PTS
Net amount: -10.059971 PTS
Transaction ID: (Blanked because this might be usable, dunno)

Send to my new address. Which I've received nothing

[flounderella]

Are we still calling these Protoshares or just Bitshares PTS (where PTS doesn't mean or stand for anything)... Referring to the subject line

[Armando]

I can't understand one thing - what will happen if you'll spend the coins after the snap will taken? Or we will not be able to use PTS after the snapshot?

You will receive BTS for PTS you're holding at the time of the snapshot. If you spend  the PTS later, you'll still receive the BTS you had at the time of the snapshot. That's the meaning of 'snapshot'.

PTS will continue to function as before, the snapshot does not have any impact on it.

This.
Also, remember to keep your wallet.dat or your private keys even after you spend your PTS after the snapshot. That's the only way you'll get credited for the BTS owed to you.

Thanks, guys. By the way, why the hell donations are still active here: http://www1.agsexplorer.com/ They supposed to finish the process after 28th, so the plans were changed?

Still 28th on my watch

Mine too, but the site shows

UTC: 2014-03-01 03:50:04

And there are two columns for XBT/PTS donations, dated 1st march

[sidhujag]

My PTS still aren't in the new wallet!

I sent them TWO days ago!

10 of them! I mined really hard for Weeks!

It just says 0 of 6 confirms!

How the hell...how does this work!?

I sent my 10, to my new wallets address, and just nothing!

"Status: 0/unconfirmed
Date: 2/26/2014 12:31
To: PTS Shares PisdFtPMZx5PSW9GetkcDw6vWj3aAgbemv
Debit: -10.059971 PTS
Net amount: -10.059971 PTS
Transaction ID: (Blanked because this might be usable, dunno)

Send to my new address. Which I've received nothing

Did you dull your pickax?

[zvs]

I was planning on selling ~100 PTS, but the exchange I had them on decided to shut down withdrawals 10 hours before the midnight GMT 'conversion' time.

Shame I didn't leave them on cryptsy.  Thanks for costing me close to $1000, jackasses.

Anyhow, I wasn't planning on actually having any of them at midnight, so now wtf do I do?  I assume this pool is doing something?  Is there a separate client for these other thingamajigs?

[Mkilbride]

OK!

They finally arrived, sometime today

How do I know a snapshot was taken?

And where should I sell them? (ASAP, as the price is goooooooing down)

[ruletheworld]

I was planning on selling ~100 PTS, but the exchange I had them on decided to shut down withdrawals 10 hours before the midnight GMT 'conversion' time.

Shame I didn't leave them on cryptsy.  Thanks for costing me close to $1000, jackasses.

Anyhow, I wasn't planning on actually having any of them at midnight, so now wtf do I do?  I assume this pool is doing something?  Is there a separate client for these other thingamajigs?

Is it Bter? Bter will honor your PTS -> BTS conversion, so you don't need to worry. If you look under your account in Bter, you'll see a new currency called Snapshot PTS_S.

[ruletheworld]

I can't understand one thing - what will happen if you'll spend the coins after the snap will taken? Or we will not be able to use PTS after the snapshot?

You will receive BTS for PTS you're holding at the time of the snapshot. If you spend  the PTS later, you'll still receive the BTS you had at the time of the snapshot. That's the meaning of 'snapshot'.

PTS will continue to function as before, the snapshot does not have any impact on it.

This.
Also, remember to keep your wallet.dat or your private keys even after you spend your PTS after the snapshot. That's the only way you'll get credited for the BTS owed to you.

Thanks, guys. By the way, why the hell donations are still active here: http://www1.agsexplorer.com/ They supposed to finish the process after 28th, so the plans were changed?

AGS donations will continue till 200 days from 1st Jan, so they won't close. These will be used for the future products that Invictus has planned. This snapshot was just for Bitshares, not other future projects.

[sidhujag]

I was planning on selling ~100 PTS, but the exchange I had them on decided to shut down withdrawals 10 hours before the midnight GMT 'conversion' time.

Shame I didn't leave them on cryptsy.  Thanks for costing me close to $1000, jackasses.

Anyhow, I wasn't planning on actually having any of them at midnight, so now wtf do I do?  I assume this pool is doing something?  Is there a separate client for these other thingamajigs?

Just hold your PTS it will be worth more than it was before.. and your BTS will be equally as much... so in reality your PL has not dropped because you got BTS which shoul dbe worth just as much as PTS.

[bluemyst]

Just a quick question,


Do we automatically receive and show the amount of Bitshares into Local wallet if we held PTS as of 28 Feb to 1st of March?

and also any exchanges adding bitshares ?

[KickAzzDude]

Ok I don't understand the whole BitShares snapshot thing. So if I bought more PTS today does it mean those do not count for Bitshares? Also if I hadn't downloaded the new BitShares-PTS wallet would the PTS I had not get snapshotted?

[sidhujag]

Just a quick question,


Do we automatically receive and show the amount of Bitshares into Local wallet if we held PTS as of 28 Feb to 1st of March?

and also any exchanges adding bitshares ?

You import your pts wallet private key into bitshares wallet.. 1.3x your pts should showup.