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Author Topic: DUAL snapshot for BitShares PTS!  (Read 6113 times)
CLains
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August 10, 2014, 01:35:08 PM
 #1

August 21th you will get a free stake in two new cryptos if you hold PTS in your wallet!

This is what we call a snapshot in the BitShares community. Holding a certain crypto gives you a stake in another crypto.

BitShares PTS is the mother-coin of all BitShares products, and has already given rise to BitShares X,
(as well as third party coins such as Memorycoin and LottoShares by FreeTrade).


What this all means is that BitShares PTS is charging up for yet another bull run!




The two new cryptos are BitShares DNS and BitShares Vote (not updated in the picture).

In other words, the way to get BitShares DNS and BitShares Vote is to hold PTS in your wallet 21th August.
A snapshot will be taken of your PTS balance that day.
Later you will be able to claim (with that wallet, that private key)
a stake (proportional to that balance) in BitShares DNS and BitShares Vote when they each launch.


Instead of holding PTS in your wallet August 21th, you can also leave your PTS with BTER and BTC38, as
BTER AND BTC38 have promised to take snapshot of your PTS for you
to make it easier for users to receive their stake in BitShares DNS and BitShares Vote,
https://bter.com/article/2278
https://bitsharestalk.org/index.php?topic=6705.0

Also note that this means that BitShares PTS price will fall immediately after August 21th,
as everyone who bought BitShares PTS just to get a stake in Vote and DNS will be free to sell their PTS.

About BitShares DNS
Video (Draft): https://www.youtube.com/watch?v=qeweF05tT50
Webpage: http://dotp2p.io/ (new webpage will be launched soon)
Final Allocation, https://bitsharestalk.org/index.php?topic=6753.0
More info here, http://wiki.bitshares.org/index.php/.p2p_(BitShares_DNS)

About BitShares Vote
Developed by FollowMyVote, visit their webpage here, http://followmyvote.com/
BitShares VOTE whitepaper, http://followmyvote.com/wp-content/uploads/2014/08/The-Key-To-Unlocking-The-Black-Box-Follow-My-Vote.pdf

About BitShares
BitShares aims to create an ecosystem of Decentralized Autonomous Companies (DACs). Using DACs as a metaphor for block-chain based entities enables us to understand crypto-currencies as crypto-equities. DACs are not immune to the laws of economics and should aim to minimize expenses and maximize profit for shareholders. The BitShares core team are building an open source toolkitwhich will enable anyone to launch their own DACs, lowering barriers to entry. The toolkit is built on DPOS/TITAN technology that was created to return power to the shareholders and toavoid centralization with economies of scale. See comparison table of BitShares and related technologies.
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sumantso
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August 10, 2014, 02:11:53 PM
 #2

KEEP YOUR PTS IN YOUR WALLET ON THAT DAY!!

Btc38 apparently is taking part in the snapshot, but remember you don't follow too closely you might miss out on snapshots - there is going to be a DAC flood soon. So better to keep them in your wallet when you are not trading.

furlong
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August 10, 2014, 02:51:03 PM
 #3

still holding my PTS
xeroc
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August 10, 2014, 05:30:02 PM
 #4

KEEP YOUR PTS IN YOUR WALLET ON THAT DAY!!

Btc38 apparently is taking part in the snapshot, but remember you don't follow too closely you might miss out on snapshots - there is going to be a DAC flood soon. So better to keep them in your wallet when you are not trading.

BTER.com recently announced that they will also honour the snapshot
https://bter.com/article/2278

I will HODL!
BitcoinNational
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August 10, 2014, 06:05:04 PM
 #5

i'm dumb
and still don't get IT

you must be holding PTS+AGS ?

just holding PTS = nadda ?

      ▀███   ███   ████    ▄██████▄
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Xeldal
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August 10, 2014, 06:17:17 PM
 #6

i'm dumb
and still don't get IT

you must be holding PTS+AGS ?

just holding PTS = nadda ?


Either or both.

Typically a minimum of 10% goes to each.
CLains
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August 10, 2014, 06:38:30 PM
 #7

i'm dumb
and still don't get IT

you must be holding PTS+AGS ?

It is difficult both to understand and to communicate effectively.

The infographic is now updated. Does it make more sense now?  Feedback appreciated.

To confirm:

You only need to hold BitShares PTS at the end of August 21th either
1) in your wallet and retain control of private keys (you use these keys when the time comes to claim your stake) or
2) at BTC38/BTER as they have promised to claim your stake for you when the time comes

BitShares PTS can be obtained by
1) mining it
2) buying it on an exchange.
Indemnified
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August 10, 2014, 06:59:07 PM
 #8

OK, I'm impressed!
sfinder
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August 10, 2014, 07:28:45 PM
 #9

nice to get dividend  form investment 
biophil
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August 10, 2014, 11:32:34 PM
 #10

Excited for the price movement on this one as we get closer to the snapshot...

BTS account name: zebulon
FandangledGizmo
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August 10, 2014, 11:43:53 PM
 #11

Excited for the price movement on this one as we get closer to the snapshot...

It will be interesting, I haven't learnt much about the Vote DAC yet, but The DNS DAC I really like in general and it gives 40% of the initial equity to PTS which is good too especially when you think NameCoin is $14 million and BitShares DNS pretty much blows NameCoin out the water imo.
fran2k
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August 11, 2014, 01:16:44 AM
 #12

Great!

New snapshot in the corner. Cheesy
megashira1
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August 11, 2014, 06:17:27 PM
 #13

Great infographic! Should now make things easier to understand for newcomers.

CLains
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August 11, 2014, 07:53:13 PM
 #14

OK, I'm impressed!

Yup, BitShares Ecosystem finally blooming as it was intended to.  Cheesy
spacehopper
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August 11, 2014, 08:00:40 PM
 #15

KEEP YOUR PTS IN YOUR WALLET ON THAT DAY!!

Btc38 apparently is taking part in the snapshot, but remember you don't follow too closely you might miss out on snapshots - there is going to be a DAC flood soon. So better to keep them in your wallet when you are not trading.

BTER.com recently announced that they will also honour the snapshot
https://bter.com/article/2278

I will HODL!

Is cryptsy not honouring the snapshot?
brekyrself
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August 12, 2014, 01:27:41 AM
 #16

KEEP YOUR PTS IN YOUR WALLET ON THAT DAY!!

Btc38 apparently is taking part in the snapshot, but remember you don't follow too closely you might miss out on snapshots - there is going to be a DAC flood soon. So better to keep them in your wallet when you are not trading.

BTER.com recently announced that they will also honour the snapshot
https://bter.com/article/2278

I will HODL!

Is cryptsy not honouring the snapshot?

I do not recall seeing an official announcement from Cryptsy, thus it would be wise to move any PTS to a personal wallet.
sumantso
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August 12, 2014, 12:31:22 PM
 #17

KEEP YOUR PTS IN YOUR WALLET ON THAT DAY!!

Btc38 apparently is taking part in the snapshot, but remember you don't follow too closely you might miss out on snapshots - there is going to be a DAC flood soon. So better to keep them in your wallet when you are not trading.

BTER.com recently announced that they will also honour the snapshot
https://bter.com/article/2278

I will HODL!

Is cryptsy not honouring the snapshot?

They didn't honour earlier too, so I doubt they will this time.

Withdraw your PTS well in advance as block times are very slow now.

CLains
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August 12, 2014, 09:10:03 PM
 #18

Updated snapshot picture. Has more info now.
Indemnified
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August 13, 2014, 01:56:42 AM
 #19

Updated snapshot picture. Has more info now.

Even I can understand the diagram now  Grin
G1ng3rBr34dM4n
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August 13, 2014, 02:02:14 AM
 #20

Great post! (and super intuitive infographic too)

For everyone who isn't familiar with BitShares PTS:
I'll share a couple of great analogies that have been floating around and have helped my understanding how they relate to the market of the BitShares platform.

  • PTS are like the geese that lay golden eggs - for every new DAC that is released, those who already own PTS will get a stake (like Xeldal mentions, typically 10% - but can also be more!  It's all up to the developers of the particular DAC how much they'd like to allocate)
  • PTS are kind of like a heart rate monitor for DAC ecosystem - The market depth illustrates the public perception of the DAC being launched.

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