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Offline mint chocolate chip


I read here a month or so ago that having my PTS shares on the exchange and not in my wallet might complicate or preclude me altogether from getting the new shares that match my PTS shares. I hope I haven't missed out on any since then as I have just left my shares on the exchange.

But as I am fairly new to all of this, can someone walk me through the steps I need to do to put my shares in the wallet so I don't miss out on these future opportunities and what if anything, I need to do after that so I can reap the benefits of investing in Protoshares.

Can I just use an online wallet such as the one offered by blockchain.info, or is that only for BTC?
Did I miss any DAC offerings that I should have been entitled to and what if anything can I do about getting those shares?
« Last Edit: December 19, 2013, 04:53:37 PM by currencydebt »

Offline evisu1

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Can I just use an online wallet such as the one offered by blockchain.info, or is that only for BTC?

as far as I know there's no online wallet for PTS, you'll need to download the client and run it yourself. When you do, create a PTS address and withdraw your funds from the exchange to your address.

I read here a month or so ago that having my PTS shares on the exchange and not in my wallet might complicate or preclude me altogether from getting the new shares that match my PTS shares.

I dont see why having it in an exchange would be any different from holding it in your own wallet (except for the security aspect) but then again I didnt read the thread you're referring to.

As for your other questions - i'm not sure.
« Last Edit: December 19, 2013, 08:39:13 PM by evisu1 »

Offline phoenix

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Ok, first, you need to download the Protoshares client. Then, generate an address to send the PTS to. Finally, go to the withdrawal page on the exchange, and withdraw the PTS you have on the exchange to the address you generated (be sure to copy and paste the address so you don't mess it up). Then you just wait for the transaction to confirm, and you have your PTS on your wallet, entirely under your control.

The reason you should do this is because getting shares in future DACs is based on the private key that your PTS are stored in. If they're on an exchange, then the exchange could easily keep the private keys, and take all the DACshares for themselves. They might not even realize that they can do this, and leave hundreds or thousands of DACshares unclaimed.
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
Bitmessage: BM-NBrGi2V3BZ8REnJM7FPxUjjkQp7V5D28

Offline mint chocolate chip

Thanks,

Did I miss any DAC share issues since I bought in a couple months ago?


And when I have the file downloaded and the client running, that means my coin security is on my personal computer. People say to back it up, what does that entail doing? i.e. do I copy the file to other computers i own or what?

ty

Offline phoenix

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Technically you didn't miss any DAC shares, although you did miss memory coin 2.0 honoring the PTS social contract with 1 memory coin for every 10 PTS you owned.

To back up your wallet, you need to find the wallet.dat file, and save it to someplace secure that you can retrieve it later if your main computer gets destroyed in a nuclear war, or just crashes and deletes everything. A more complete set of instructions can be found here: https://bitsharestalk.org/index.php?topic=826.0
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
Bitmessage: BM-NBrGi2V3BZ8REnJM7FPxUjjkQp7V5D28

Offline MrMeow

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Technically you didn't miss any DAC shares, although you did miss memory coin 2.0 honoring the PTS social contract with 1 memory coin for every 10 PTS you owned.


When was that? I've been mining since Nov 24th and didn't get any memory coins.

Offline seraphim

Meet you on STEEM

Offline mint chocolate chip

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You'll need the private keys for your ProtoShares balance to claim your MemoryCoin distribution. If your balance is held at an exchange, the exchange will hold the private keys and be able to make the claim. However it is uncertain how different exchanges will handle this. To be certain of receiving your full distribution, I recommend holding your full balance off-exchange, and in a single address for simplicy.


Does this mean I still get in on the MemoryCoin 2.0? If so, what do I ask/do at my exchange?

Offline phoenix

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You'll need the private keys for your ProtoShares balance to claim your MemoryCoin distribution. If your balance is held at an exchange, the exchange will hold the private keys and be able to make the claim. However it is uncertain how different exchanges will handle this. To be certain of receiving your full distribution, I recommend holding your full balance off-exchange, and in a single address for simplicy.


Does this mean I still get in on the MemoryCoin 2.0? If so, what do I ask/do at my exchange?

Well, you would have to contact the exchange, and ask about whether or not they would send you the MemoryCoins that you should have gotten. If you're lucky, they'll be willing to send some, or maybe even all, of the MemoryCoins your PTS created. If you aren't lucky, they could easily say that they're only required to pay you what you deposited and what you earned by trading. This is a very tricky scenario, since PTS is the first coin that generates more value in the form of new shares when a DAC is released. I wish you the best of luck!
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
Bitmessage: BM-NBrGi2V3BZ8REnJM7FPxUjjkQp7V5D28

Offline mint chocolate chip

How come my wallet is (out of sync), its been open for a long time and it does nothing? I've tried to add the nodes mentioned here https://bitsharestalk.org/index.php?topic=57.0 to my help>debug>console with no change.

Once I get the wallet working, I would then ask my exchange to send the MemoryCoin into my PTS wallet?

Offline bytemaster

How come my wallet is (out of sync), its been open for a long time and it does nothing? I've tried to add the nodes mentioned here https://bitsharestalk.org/index.php?topic=57.0 to my help>debug>console with no change.

Once I get the wallet working, I would then ask my exchange to send the MemoryCoin into my PTS wallet?

Make sure you have ProtoShares-Qt 0.2.0
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline seraphim

How come my wallet is (out of sync), its been open for a long time and it does nothing? I've tried to add the nodes mentioned here https://bitsharestalk.org/index.php?topic=57.0 to my help>debug>console with no change.

Once I get the wallet working, I would then ask my exchange to send the MemoryCoin into my PTS wallet?

You need a memorycoin wallet for your memorycoins.
Meet you on STEEM

Offline mint chocolate chip

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Make sure you have ProtoShares-Qt 0.2.0

Yes ProtoShares-Qt 0.2.0,  I downloaded it from the exchange and now I downloaded it from the bitcointalk forum, still the same thing... Wallet and Recent transactions Out of Sync and No block source available 7 weeks behind

Offline Troglodactyl

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Offline mint chocolate chip

I saw that and it looks helpful, but I can't even get the wallet to update why is that?

 

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