Author Topic: stupid question  (Read 2439 times)

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Offline Riverhead


5. November will be the snapshot for BTS .. you will get a stake in BTS (vested over 2 years) ..
Xeroc pls explin what it mean: "vested over 2 years"?
it would be still possible to sell/buy funds or not?


The SnapShot in a nutshell:


BTSX:BTS is 1:1 for 2 billion shares
PTS/AGS/DNS/VOTE share the other 500 million shares.


Only the 500 million shares are vested over two years.


So if you're all in BTSX there is no vesting period. If you're in PTS/AGS/DNS/VOTE your airdropped stake in the 500,000,000 BTS will be vested over two years.


In two years there are 730 days. Each days your stake in the 500MM shares vests 1/730th.

Offline Crossover

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5. November will be the snapshot for BTS .. you will get a stake in BTS (vested over 2 years) ..
Xeroc pls explin what it mean: "vested over 2 years"?
it would be still possible to sell/buy funds or not?

Offline xeroc

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My main confusion is whether withdrawing/trading/moving/selling shares that were present at a given snapshot affects receiving future possible allocations of shares from future DACs.  (And is this still relevant after Nov. 5th?)
It is .. I was just trying to tell you that BTS uses account names .. and PTS uses addresses (like bitcoin) -- you've been a little unclear in your previous post

5. November will be the snapshot for BTS .. you will get a stake in BTS (vested over 2 years) ..
What happens after that is unknown .. no 3rd party developer has yet announced any further snapshot ..
PTS will probably tank like never before .. but that's just my gut feeling!

We do have a "stupid questions thread" over here:
https://bitsharestalk.org/index.php?topic=8390.0

Offline mira

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Thanks!

PTS is the same as with BTC .. just an address ..

I'm not sure what that means. 

My main confusion is whether withdrawing/trading/moving/selling shares that were present at a given snapshot affects receiving future possible allocations of shares from future DACs.  (And is this still relevant after Nov. 5th?)

Actually, that is only a bit of my confusion - clearly I'm mainly confused by how everything works. 

BitConfusion!  I'm working on it slowly, slowly.  Properly, properly.  !?

Phew.

Offline xeroc

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I have the same question for transferring from btc38. 

I do have a registered BTSX account.  So do I just withdraw the funds an enter my account name mira as the one to withdraw to?  And when I withdraw the PTS to my wallet the imprint/info of previous snapshot will automatically transfer with it?

...and then, to backup my wallet, I just export the .json file?

edit:  and as long as I have the .json file saved somewhere, if something goes wonky with the wallet application during an upgrade or for some other reason, I could reimport that .json file and account balances etc. will be saved, correct? 

Just want to make sure I have the most basic rudiments understood.

Thanks!
I am not very familiar with BTC38 .. but AFAIK they also require the account NAME!

PTS is the same as with BTC .. just an address ..
If you withdraw them before the 5. of November you will be able to import your stake (over time) using the wallet.dat file from PTS.

For the exporting within BTS(X) .. there is in in-app function. Do not backup the config.json (that file carries no real information) .. make a backup in-app ... you will get the backupJSON! KEEP IT SAFE .. and REMEMBER THE PASSPHRASE .. your keys will be encrypted in that file!!

Offline mira

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I have the same question for transferring from btc38. 

I do have a registered BTSX account.  So do I just withdraw the funds and enter my account name mira as the one to withdraw to?  And when I withdraw the PTS to my wallet the imprint/info of previous snapshot will automatically transfer with it?

...and then, to backup my wallet, I just export the .json file?

edit:  and as long as I have the .json file saved somewhere, if something goes wonky with the wallet application during an upgrade or for some other reason, I could reimport that .json file and account balances etc. will be saved, correct? 

Just want to make sure I have the most basic rudiments understood.

Thanks!
« Last Edit: October 31, 2014, 08:56:14 pm by mira »

Offline xeroc

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i never made any transfer before, How to transfer funds from bter.com exchange,
is it enough to type account name in destination field or i need type digital key?
Do you already have an account registered in the client?

Please do NOT enter the public key (BTSX.......) ..

Go here
https://bitsharestalk.org/index.php?topic=6439.0
if you need funds for registering a new account on the blockchain
i have registered account in blockchain, so, i just need to type account name?
what happen if i type wrong name, funds return back or disappear ?

If you own the name and registered it on the chain you are good to go and can send your stuff there ..

if you send it to another registered account you are skrewed!

Offline Crossover

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i never made any transfer before, How to transfer funds from bter.com exchange,
is it enough to type account name in destination field or i need type digital key?
Do you already have an account registered in the client?

Please do NOT enter the public key (BTSX.......) ..

Go here
https://bitsharestalk.org/index.php?topic=6439.0
if you need funds for registering a new account on the blockchain
i have registered account in blockchain, so, i just need to type account name?
what happen if i type wrong name, funds return back or disappear ?
« Last Edit: October 31, 2014, 08:28:07 pm by Crossover »

Offline xeroc

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i never made any transfer before, How to transfer funds from bter.com exchange,
is it enough to type account name in destination field or i need type digital key?
Do you already have an account registered in the client?

Please do NOT enter the public key (BTSX.......) ..

Go here
https://bitsharestalk.org/index.php?topic=6439.0
if you need funds for registering a new account on the blockchain

Offline Crossover

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i never made any transfer before, How to transfer funds from bter.com exchange,
is it enough to type account name in destination field or i need type digital key?