Author Topic: If i redeem my 1 year of PTS in BTS, will get more BTS?  (Read 412 times)

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Offline CapR

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If i redeem my 1 year of PTS in BTS, will get more BTS?
« on: December 09, 2014, 02:17:43 am »
My understanding is the money supply limits are different for both PTS and BTS.  PTS is 2 million and BTS is in the billions.

Offline bitAndy

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Re: If i redeem my 1 year of PTS in BTS, will get more BTS?
« Reply #1 on: December 09, 2014, 03:57:25 am »
Yes, correct. PTS has about 1.7 million shares, BTS has 2.5 billion shares. If you sell your PTS you'll get significantly more shares in BTS, as 1 BTS share is worth less than 1 PTS share.

Offline Riverhead

Re: If i redeem my 1 year of PTS in BTS, will get more BTS?
« Reply #2 on: December 09, 2014, 04:17:38 am »
What do you mean by your 1 year in PTS?

To answer the question I think you might be asking: Yes. There is a multiplier.

This should help you figure it out:

https://docs.google.com/spreadsheets/d/1M65Gt1mFstAgTkECJfUX18f187tGzqJeXT7877qLv-M/edit?usp=sharing

1PTS will net about 99.26853273 BTS vested over two years.
« Last Edit: December 09, 2014, 04:32:45 am by Riverhead »

Offline CapR

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Re: If i redeem my 1 year of PTS in BTS, will get more BTS?
« Reply #3 on: December 09, 2014, 05:37:12 pm »
If you sell your PTS you'll get significantly more shares in BTS, as 1 BTS share is worth less than 1 PTS share.

So I have to trade my PTS for BTS on an exchange?

Offline Riverhead

Re: If i redeem my 1 year of PTS in BTS, will get more BTS?
« Reply #4 on: December 09, 2014, 05:50:22 pm »
No. You import your pts wallet.dat. Your bts is waiting on the blockchain. The client just needs to read your pts wallet private keys to make it spendable.

Offline bitmeat

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Re: If i redeem my 1 year of PTS in BTS, will get more BTS?
« Reply #5 on: December 09, 2014, 07:28:03 pm »
It shows the balance in the sharedrop command, but balance is still 0. Is that because the sharedrop hasn't actually taken place yet in the client?