[ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement

[o3u]

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.

[Billyboy402]

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

[alphaBar]

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.

[alphaBar]

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

[doc12]

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 ?

[HunterS]

anyone know when withdrawls on bter will be enabled again

[o3u]

What PTS is being traded on Poloniex?

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

[jasemoney]

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:

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

OldManKidd: TheSherpa, its the updated

Hopefully Bter reopens it soon!

[o3u]

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:

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

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 !!??

[alphaBar]

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:

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

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.

[o3u]

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:

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

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

[doc12]

Dont you think 25 PTS transaction cost , are a bit tooo high ? 

[jasemoney]

marketcap should take a jump, its moving from an old nearly stalled network to one thats speedy. reliability & confidence

[alphaBar]

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.

[alphaBar]

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 . 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:

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

[o3u]

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 . 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:

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

[*Sakura*]

Source: www.ptscrypto.com

WOW, very nice official website!    Thanks!

[Billyboy402]

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 . 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:

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

[jasemoney]

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 . 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:

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..

[doc12]

Anybody knows what up with bter ?   trading still frozen since 4 days...