Author Topic: Is there a BTSX snapshot when BTSX upgrade to BTS?  (Read 5049 times)

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Offline xeroc

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Please confirm that those of us who have not yet claimed the BitsharesX we are entitled to based on AGS donations can wait and simply claim Bitshares instead once the conversion happens.
For BTSX holders .. nothing changes .. except the program to use :) It's the SAME blockchain ..with a new name ..
short: you can wait this one out and claim later ...

Offline xxeyes

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Please confirm that those of us who have not yet claimed the BitsharesX we are entitled to based on AGS donations can wait and simply claim Bitshares instead once the conversion happens.

Offline xeroc

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@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
So the shorts need not be covered, sure? It is very important!
Official statement



+5%

Can you confirm that shorts do not need to be covered prior to the upgrade?

Confirmed.. BTSX users have nothing to do prior to the upgrade..

Offline bytemaster

Just a name change... BTSX and BitAsset holder have nothing to do.
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Offline xeroc

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That's my understanding .. yea ..

Offline cube

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@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
So the shorts need not be covered, sure? It is very important!
If every short has to be covered before the "airdrop" .. would result in the need for ALL bitUSD to be destroyed .. effectively killing the market ..

conclusion: Having the need to cover shorts will kill bitUSD in short term .. make investors angry and people lose money ..

conclusion2: There will surely be no need to cover your short position!! (due to the "merger"/ transition to the superDAC!)

further supportive indications: BTS will be just a software update to BTSX .. nothing more!
all bitAsset balances will be preseverd .. all open orders will be preserved .. no changes will be made to the market engine (unless bugfixes)

From what you are saying, I presume it is a name change 'btsx' to 'bts'. Is that right?
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Offline 天籁

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@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
So the shorts need not be covered, sure? It is very important!
If every short has to be covered before the "airdrop" .. would result in the need for ALL bitUSD to be destroyed .. effectively killing the market ..

conclusion: Having the need to cover shorts will kill bitUSD in short term .. make investors angry and people lose money ..

conclusion2: There will surely be no need to cover your short position!! (due to the "merger"/ transition to the superDAC!)

further supportive indications: BTS will be just a software update to BTSX .. nothing more!
all bitAsset balances will be preseverd .. all open orders will be preserved .. no changes will be made to the market engine (unless bugfixes)
+5%

Offline speedy

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further supportive indications: BTS will be just a software update to BTSX .. nothing more!
all bitAsset balances will be preseverd .. all open orders will be preserved .. no changes will be made to the market engine (unless bugfixes)

Bytemaster has confirmed that already.

Offline xeroc

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@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
So the shorts need not be covered, sure? It is very important!
If every short has to be covered before the "airdrop" .. would result in the need for ALL bitUSD to be destroyed .. effectively killing the market ..

conclusion: Having the need to cover shorts will kill bitUSD in short term .. make investors angry and people lose money ..

conclusion2: There will surely be no need to cover your short position!! (due to the "merger"/ transition to the superDAC!)

further supportive indications: BTS will be just a software update to BTSX .. nothing more!
all bitAsset balances will be preseverd .. all open orders will be preserved .. no changes will be made to the market engine (unless bugfixes)

Offline onceuponatime

Anyone ask Poloniex and bittrex about honoring?

Send your shares to btc38 or bter imo.


Bter has announcements in the pages for the shares stating they will honor the snapshot and when it is occurring.  Its very nice.

And pay a 1% withdrawal rate later to take out shares?

Offline 天籁

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@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
So the shorts need not be covered, sure? It is very important!

Offline xeroc

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@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"

Offline Ander

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Anyone ask Poloniex and bittrex about honoring?

Send your shares to btc38 or bter imo. 

Bter has announcements in the pages for the shares stating they will honor the snapshot and when it is occurring.  Its very nice.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline feedthemcake

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Anyone ask Poloniex and bittrex about honoring?

Offline mavisjames

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@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?
Pmp2K9S5t15hTEkrrFk1cfieb2Y2eVR6YG

BTSX ID: mdyyz