Bitcoin Forum
June 19, 2019, 04:13:55 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Cryptsy Users - Withdraw Your PTS or Risk Losing It - Immediate Action Needed  (Read 1429 times)
FreeTrade
Legendary
*
Offline Offline

Activity: 1232
Merit: 1010



View Profile
December 09, 2014, 11:07:15 AM
 #1

If you're holding any PTS (Bitshares PTS, formerly ProtoShares) on Cryptsy, I recommend that you withdraw it to your wallet now.

There's an upcoming mandatory fork that upgrades PTS from PoW to DPOS that enjoys the broad support of the PTS community.
https://bitsharestalk.org/index.php?topic=11877.0

Cryptsy has not so far responded to any of the devs or stakeholders as to how it intends to respond to the upgrade.

Considering previous form regarding distributions and lack of support for DPOS assets, there is a high risk that Crypsty won't support users in the transition and that users will lose their PTS.

The valuation date for the upgrade takes place on the 14th of December. However, the PTS network has slowed to a crawl, sometimes seeing only 1 block a day so I recommend placing the withdrawal order ASAP.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
1560917635
Hero Member
*
Offline Offline

Posts: 1560917635

View Profile Personal Message (Offline)

Ignore
1560917635
Reply with quote  #2

1560917635
Report to moderator
1560917635
Hero Member
*
Offline Offline

Posts: 1560917635

View Profile Personal Message (Offline)

Ignore
1560917635
Reply with quote  #2

1560917635
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1560917635
Hero Member
*
Offline Offline

Posts: 1560917635

View Profile Personal Message (Offline)

Ignore
1560917635
Reply with quote  #2

1560917635
Report to moderator
1560917635
Hero Member
*
Offline Offline

Posts: 1560917635

View Profile Personal Message (Offline)

Ignore
1560917635
Reply with quote  #2

1560917635
Report to moderator
CLains
Sr. Member
****
Offline Offline

Activity: 256
Merit: 250


View Profile
December 09, 2014, 02:35:32 PM
 #2

New DPOS version of PTS will have 10s transaction speed Smiley
Super T
Full Member
***
Offline Offline

Activity: 124
Merit: 100


View Profile
January 27, 2015, 11:46:21 AM
 #3


OK - that's me, old PTS sitting Cryptsy and no way to migrate.

I have a support ticket open, asking what my options are.  Presumably Cryptsy have no plans to manually effect the migration, so I'm guessing I will need to try to get an export of the Cryptsy address and private key.

Is the procedure for migrating from old PTS to new PTS documented anywhere?  Is it as simple as importing the old address into a new client (as suggested here https://bitsharestalk.org/index.php?topic=11877.0)?
BitCoinNutJob
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000


View Profile
January 27, 2015, 11:48:14 AM
 #4

If you're holding any PTS (Bitshares PTS, formerly ProtoShares) on Cryptsy, I recommend that you withdraw it to your wallet now.



better not be one of the last one out if you are all withdrawing  Grin
Super T
Full Member
***
Offline Offline

Activity: 124
Merit: 100


View Profile
January 27, 2015, 01:34:23 PM
 #5


As far as I understand it (which is not very far) - there would be no point in simply withdrawing PTS now (after the Dec 14 snapshot) since Cryptsy would just send the old (worthless) PTS to a new external address, and worse might discard the original ownership address from which new PTS can be claimed.

^^Is this right?

If so, unless Cryptsy are prepared to undertake the migration on behalf of all users (which i doubt for the reasons in the OP) I will need to convince them to send me the address and private key, then load it into the new wallet client running the new blockchain fork.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!