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Offline alphaBar

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[ANN] BitShares PTS - new chain is launched!!!
« on: December 15, 2014, 04:29:22 AM »

The new DPOS-based PTS chain has just signed its first blocks!

Block times are still a little irregular, but will stabilize once all delegates have their gear up and running.

Source: https://github.com/PTS-DPOS/PTS/tree/v2.0
Linux packages: http://software.opensuse.org/download.html?project=home%3Ap_conrad%3Abts&package=PTS
Windows build: https://github.com/PTS-DPOS/PTS/releases

Thanks to all forum members for their support, and special thanks to our initial delegates!

Source: http://pts.cubeconnex.com/index.php?topic=71.0

Edit: Specifications

* 10 second block confirmation (!)
* Supply will be scaled to 1,000,000,000 (1 Billion) PTS
* Absolutely no inflation or dilution of the supply, now or ever
* Current PTS-holders will receive their exact proportion of stake in the new chain as of the snapshot date
« Last Edit: December 15, 2014, 04:36:38 AM by alphaBar »

Offline xeroc

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #1 on: December 15, 2014, 04:30:38 AM »
congratulations on the first DPOS-"coin" :)

can you add final distribution/sharedrop to your OP and what you finally did with "unmined" coins?
just so we have something to point people to
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline alphaBar

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #2 on: December 15, 2014, 04:47:35 AM »
congratulations on the first DPOS-"coin" :)

can you add final distribution/sharedrop to your OP and what you finally did with "unmined" coins?
just so we have something to point people to

Thank you! Post is edited to include specs. We did not modify the allocation at all and did nothing with "unmined" coins.

Long answer: Mining reward represents payment from shareholders for the service of block confirmation. Now that mining will cease there is no service to pay for. Even today miners have largely abandoned the PoW chain, so it seems there was not much incentive for either party. DPoS was designed specifically to fix this flawed incentive structure. One fundamental point of differentiation between PTS and business DACs such as BTS is that PTS will be non-dilutionary from the first day. We do not wish to replicate the business model of BTS, which is directed towards disrupting a variety of industries and requires an aggressive monetization strategy (ie, dilution). Our strategy is to be a stable unit of account, launching pad for new DACs, and DAC-agnostic sharedrop instrument. Cheers.

Offline Empirical1.1

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #3 on: December 15, 2014, 04:49:12 AM »
Congratulations! I'm a big fan of the principles on which PTS DPOS was founded & I wish you all the very best of luck & much success.

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #4 on: December 15, 2014, 06:46:35 AM »
Anti-congratulations :D

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #5 on: December 15, 2014, 08:53:52 AM »
Congrats, block explorer available here: http://pts.bitsharesblocks.com

PS. Ignore the USD price plot for now, it's using the old PTS..
Worker: dev.bitsharesblocks

Offline idealist

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #6 on: December 15, 2014, 05:39:18 PM »
anyone working on Mac version of PTS wallet?

Offline crazybit

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #7 on: December 15, 2014, 05:40:51 PM »
good,i am waiting to dump my pts.
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Offline idealist

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #8 on: December 18, 2014, 04:06:35 AM »
Can we get a mac version please?

Offline alphaBar

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #9 on: December 18, 2014, 07:48:03 AM »
Can we get a mac version please?

I'm with you - cube is working on it!

Offline ticklebiscuit

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #10 on: December 18, 2014, 08:07:18 AM »
Can we get a mac version please?

I'm with you - cube is working on it!

What is pts goinv to be used to buy? Why would someone use a sharedrop target to buy stuff? This doesnt make sense.

Offline slacking

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #11 on: December 18, 2014, 05:13:42 PM »
Can we get a mac version please?

I'm with you - cube is working on it!

What is pts goinv to be used to buy? Why would someone use a sharedrop target to buy stuff? This doesnt make sense.

It only makes sense if you're in the "pump" phase of your pump n dump and you're trying to give the impression that this coin has multiple great features...it's a coin, it's dpos, it's sharedrop, it's non-inflation, it's upgrade, it's endorsed by Bytemaster, it's no pre-mine (even though all are owned already), it's where new DAC's will gift you shares. Gotta drum up some buzz to create dat market.

Offline wallace

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #12 on: December 18, 2014, 06:01:47 PM »
another dump/pump game, enjoy yourself...
give me money, I will do...

Offline alphaBar

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #13 on: December 19, 2014, 03:41:19 AM »
...it's a coin, it's dpos, it's sharedrop, it's non-inflation, it's upgrade, it's endorsed by Bytemaster, it's no pre-mine (even though all are owned already), it's where new DAC's will gift you shares. Gotta drum up some buzz to create dat market.

You had me in the beginning but by the end you crafted a fairly compelling PTS slogan. Not sure where the pump and dump fits in, but the competitive advantages you listed here are spot on!

* The original sharedrop token - check
* DAC-agnostic implementation of DPoS - check
* Provably fair 100% proof of work distribution - check
* Deflationary protocol - check

 8)

Offline cube

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Re: [ANN] BitShares PTS - new chain is launched!!!
« Reply #14 on: December 19, 2014, 09:31:04 AM »
...

* The original sharedrop token - check
* DAC-agnostic implementation of DPoS - check
* Provably fair 100% proof of work distribution - check
* Deflationary protocol - check

 8)

It is a dream coin comes true. :)
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