I posted this under protoshares as well. Hoping yall can shed some light.
I've been a bit confused about how the whole MMC redemption process has gone and about the benefits of holding PTS in general.
ABOUT MMC REDEMPTION:
First of all, my understanding is that Memorycoins (MMC) have been pledged and given away to those who held PTS at the time of block 32000. And it sounds like for every 10 PTS you own you get 1 MMC. Does that sound right? A couple of questions about that:
--I'm on cryptsy. How do I determine whether or not this applies to me? I realize that cryptsy is not participating but if I can determine I am eligible I will put into a local wallet as per the instructions and get my MMC.
--How long will this be available?
ABOUT BENEFITS OF PTS IN GENERAL:
Is the way Memorycoin was released to PTS holder a sign of how benefits in general will be distributed to holders of PTS?? If so, these would be my concerns:
--That means PTS are actually not fungible. In this case, PTS that were held at block 32000 were more valuable than PTS otherwise held.
--If there is an expiration on the distribution of Memorycoins it would seem that there is a very heavy benefit to those who have time to watch the message boards over those who don't.
In any case, I realize that PTS serves dual benefits: to the holder of the currency and the developers. In this case, the MMC redemption process seems to have benefited the developers more as it got a bunch of folks to download their wallet and begin using it - akin to coin giveaways that a lot of the scamcoins employ to get people using their coins.
Truthfully, when I bought PTS I wasn't quite sure how benefits would be distributed/allocated. But if this is any indication I'm a little less excited about the prospects of holding PTS.
Thanks in advance and please know that I'm not intentionally being negative... just trying to dig in and learn!