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Offline XsharesO

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Bitshares pts
« on: December 03, 2014, 08:21:17 AM »

I saw a thread about bitshares pts. I have some bitshares. Do I have to do anything, or do I just wait around? I am busy with other things.
I'm on version 0.24 of the software I think.

Offline fuzzy

Re: Bitshares pts
« Reply #1 on: December 03, 2014, 08:32:45 AM »
I saw a thread about bitshares pts. I have some bitshares. Do I have to do anything, or do I just wait around? I am busy with other things.
I'm on version 0.24 of the software I think.

You will be sharedropped an equal stake in the new project.  So you don't have to do anything. 
BROWNIE==DKP; BitShares is our Community! 
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Offline XsharesO

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Re: Bitshares pts
« Reply #2 on: December 03, 2014, 08:34:09 AM »
Great. I just download next version when it comes, and my shares are automatically there? Just what I hoped.

Offline CLains

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Re: Bitshares pts
« Reply #3 on: December 03, 2014, 08:35:37 AM »
If you have your funds in your own wallet then no need to do anything. Your share is generated from the balance in your wallet at a certain date, and you can use the keys to that wallet to claim your share later on.

If you have your funds in an exchange the matter is more complicated, as exchanges usually control the keys to the funds you hold there. Some exchanges claim your shares and give them to you, while others (e.g. Cryptsy) typically are unable or unwilling to do this for users.

Offline CLains

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Re: Bitshares pts
« Reply #4 on: December 03, 2014, 08:50:55 AM »
Great. I just download next version when it comes, and my shares are automatically there? Just what I hoped.

BitShares PTS will be a different "coin," like Litecoin is to Bitcoin. It will have a separate wallet. To claim your share you download then new PTS wallet after it launches (does not matter when) and then "import" the key from your old PTS wallet. This is not as difficult as it sounds, and there is no time pressure as it does not matter when you claim your shares.

Offline XsharesO

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Re: Bitshares pts
« Reply #5 on: December 03, 2014, 09:16:19 AM »
So this is a fork? What are the pluses and minuses? Will the whole community move over?

Offline CLains

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Re: Bitshares pts
« Reply #6 on: December 03, 2014, 01:28:46 PM »
I have some bitshares.

Note that there are three different things here: BitShares, the old PTS, and the new PTS.  BitShares holders don't get any PTS. But if you hold the old PTS 14 december, you will get shares in the new PTS. The old PTS was launched last year as a fork of Bitcoin (more or less) to raise funds for developing the BitShares ecosystem, while the new PTS will launch soon as a fork of the latest BitShares technology (to replace the old PTS).

So this is a fork? What are the pluses and minuses? Will the whole community move over?

It is meant to be an upgrade of the old PTS to preserve the social consensus that was established long ago. PTS and BitShares have coexisted symbiotically since birth as father and child. The fate of PTS is now in the care of those who volunteer to develop and support it, as well as those who chose to honor the social consensus.

http://pts.cubeconnex.com/

Offline XsharesO

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Re: Bitshares pts
« Reply #7 on: December 03, 2014, 02:38:10 PM »
Excellent post, thanks.

I'll do some reading on these things over the next days.

Offline FreeTrade

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Re: Bitshares pts
« Reply #8 on: December 03, 2014, 02:55:11 PM »
Just remember to withdraw your PTS from online exchanges and hold in a local wallet. Especially if they are in Cryptsy.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline fuzzy

Re: Bitshares pts
« Reply #9 on: December 04, 2014, 05:15:16 AM »
So this is a fork? What are the pluses and minuses? Will the whole community move over?

As with any fork, the community decides which fork they care about.  With the information currently available to me makes me feel very comfortable supporting PTS moving forward.  There are certainly some items I would like to see accomplished but it is best to go to www.ptstalk.org to read more about those items.  :) 

Right now the link takes you to cubeconnex.com but this will be changed soon.

Feel free to join in on the discussion.
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Offline mange36

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Re: Bitshares pts
« Reply #10 on: December 09, 2014, 07:23:26 PM »
I have some PTS on the Cryptsy Exchange. I see some posts in this thread disussing that I should withdraw them(!)

Can anyone please advice some other Exchange I could transfer my (old) PTS to, that will manage the conversion of my (old) PTS to (new) PTS, or must I move my PTS to a private wallet (any recommendations?).



Offline robrigo

Re: Bitshares pts
« Reply #11 on: December 09, 2014, 08:17:21 PM »
I have some PTS on the Cryptsy Exchange. I see some posts in this thread disussing that I should withdraw them(!)

Can anyone please advice some other Exchange I could transfer my (old) PTS to, that will manage the conversion of my (old) PTS to (new) PTS, or must I move my PTS to a private wallet (any recommendations?).
Move it to a private wallet so you can get the snapshot for DPOS PTS and Sparkle (PoW Bitshares) on Dec 14

Offline biophil

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Re: Bitshares pts
« Reply #12 on: December 10, 2014, 01:28:49 AM »
I have some PTS on the Cryptsy Exchange. I see some posts in this thread disussing that I should withdraw them(!)

Can anyone please advice some other Exchange I could transfer my (old) PTS to, that will manage the conversion of my (old) PTS to (new) PTS, or must I move my PTS to a private wallet (any recommendations?).

A private wallet is always about 10x safer than an exchange. However, if you absolutely can't do a private wallet, Bter has been quite good about honoring snapshots.

Careful though - early on, the Sparkle dev said he was going to recommend that no exchange honor the snapshot. Like I said, you're always safer with a private wallet.

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Offline mange36

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Re: Bitshares pts
« Reply #13 on: December 10, 2014, 05:58:02 PM »
Which type of private wallet do you recommend? BitShares-PTS v1.0.0?


Offline biophil

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Re: Bitshares pts
« Reply #14 on: December 10, 2014, 07:13:36 PM »
Which type of private wallet do you recommend? BitShares-PTS v1.0.0?

Yes, that's the one I use. Make sure to encrypt your wallet and back it up somewhere safe.

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