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Offline bytemaster

Exchanges Honoring PTS / BTS Split on the 28th
« on: February 23, 2014, 09:08:42 AM »

We have likely commitments from btc38 and bter that they will be honoring the BTS split from PTS on the 28th.   You will not be able to withdraw your BTS from these exchanges until after the BitShares XT network is finalized and assumed secure (not needing a reset).  This provides an interesting option for people wishing to speculate on BitShares X during the testing phase.

We will be getting more information regarding how these exchanges will handle this prior to the 28th.   So do not consider this an 'all clear' to leave your balance there, but do be on notice that this option may be available to you.
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Offline smokim11

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Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #1 on: February 23, 2014, 09:18:57 AM »
We have likely commitments from btc38 and bter that they will be honoring the BTS split from PTS on the 28th.   You will not be able to withdraw your BTS from these exchanges until after the BitShares XT network is finalized and assumed secure (not needing a reset).  This provides an interesting option for people wishing to speculate on BitShares X during the testing phase.

We will be getting more information regarding how these exchanges will handle this prior to the 28th.   So do not consider this an 'all clear' to leave your balance there, but do be on notice that this option may be available to you.

This might have been discussed alot and asked way too many times, so sorry for my ignorance.

I was just wondering, I mined about 150 PTS last year and sold them. Do I get any BTS or does one have to be holding PTS to get BTS? My total 150 PTS were all mined.

Thanks.
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Offline bytemaster

Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #2 on: February 23, 2014, 09:27:26 AM »
We have likely commitments from btc38 and bter that they will be honoring the BTS split from PTS on the 28th.   You will not be able to withdraw your BTS from these exchanges until after the BitShares XT network is finalized and assumed secure (not needing a reset).  This provides an interesting option for people wishing to speculate on BitShares X during the testing phase.

We will be getting more information regarding how these exchanges will handle this prior to the 28th.   So do not consider this an 'all clear' to leave your balance there, but do be on notice that this option may be available to you.

This might have been discussed alot and asked way too many times, so sorry for my ignorance.

I was just wondering, I mined about 150 PTS last year and sold them. Do I get any BTS or does one have to be holding PTS to get BTS? My total 150 PTS were all mined.

Thanks.

You must hold them on the snapshot date.
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 mint chocolate chip

Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #3 on: February 23, 2014, 10:29:00 AM »
Thank you BTC38 and BTER

Offline xeroc

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Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #4 on: February 23, 2014, 10:59:24 AM »
We have likely commitments from btc38 and bter that they will be honoring the BTS split from PTS on the 28th.   You will not be able to withdraw your BTS from these exchanges until after the BitShares XT network is finalized and assumed secure (not needing a reset).  This provides an interesting option for people wishing to speculate on BitShares X during the testing phase.

We will be getting more information regarding how these exchanges will handle this prior to the 28th.   So do not consider this an 'all clear' to leave your balance there, but do be on notice that this option may be available to you.
I dont get it .. does this mean, they will send us the privatekeys for the bts (corresponding to the pts in our wallets there)??
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Offline toast

Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #5 on: February 23, 2014, 03:49:35 PM »
We have likely commitments from btc38 and bter that they will be honoring the BTS split from PTS on the 28th.   You will not be able to withdraw your BTS from these exchanges until after the BitShares XT network is finalized and assumed secure (not needing a reset).  This provides an interesting option for people wishing to speculate on BitShares X during the testing phase.

We will be getting more information regarding how these exchanges will handle this prior to the 28th.   So do not consider this an 'all clear' to leave your balance there, but do be on notice that this option may be available to you.
I dont get it .. does this mean, they will send us the privatekeys for the bts (corresponding to the pts in our wallets there)??

Your PTS private keys *are* your BTS private keys, the public keys are embedded in the genesis block
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Offline KhabsCat

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Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #6 on: February 23, 2014, 04:29:33 PM »
Sorry if this has been covered somewhere else, but will fractional shares of PTS count towards the new shares? Thanks.

Offline toast

Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #7 on: February 23, 2014, 04:38:32 PM »
Yes but they won't include any address with under like 0.0001 (not sure about the exact number)
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline santaclause102

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Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #8 on: February 23, 2014, 08:39:27 PM »
so that means it would be possible to hold pts on bter/btc38 on snap shot date?
How would that provide options for speculators? By trading BterBTS against BTS?
« Last Edit: February 23, 2014, 08:41:12 PM by delulo »

Offline bytemaster

Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #9 on: February 23, 2014, 08:49:40 PM »
so that means it would be possible to hold pts on bter/btc38 on snap shot date?
How would that provide options for speculators? By trading BterBTS against BTS?

By allowing people to buy and sell their BTS positions into/out of Bitcoin.

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 santaclause102

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Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #10 on: February 23, 2014, 09:24:49 PM »
so that means it would be possible to hold pts on bter/btc38 on snap shot date?
How would that provide options for speculators? By trading BterBTS against BTS?

By allowing people to buy and sell their BTS positions into/out of Bitcoin.

Sorry for not getting it. Isnt this what an exchange is supposed to do? Or will that be possible before the 28th?

Offline maqifrnswa

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Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #11 on: February 24, 2014, 01:52:24 AM »
so that means it would be possible to hold pts on bter/btc38 on snap shot date?
How would that provide options for speculators? By trading BterBTS against BTS?

By allowing people to buy and sell their BTS positions into/out of Bitcoin.

Sorry for not getting it. Isnt this what an exchange is supposed to do? Or will that be possible before the 28th?

You have an account on an exchange with X PTS in it on Feb 28 (morning). On March 1, you should still have X PTS in your account if you didn't buy/sell. The question was, what happens to the BTS that were generated corresponding to your PTS account? The exchanges now say that they will honor your BTS, so you will now have BTS on their exchange in addition to PTS, but they won't let you withdraw BTS (but you can trade for other currencies).

This gives options to speculators because previously it was thought people would have to withdraw all their PTS to their private wallets before Feb 28 to get BTS, then transfer their BTS to an exchange after Feb 28. Now you can, possibly, leave your PTS at the exchange and trade BTS when they show up (even sell them all for BTC and withdraw your BTC).

Edit: stupid leap days
« Last Edit: February 24, 2014, 01:33:56 PM by maqifrnswa »
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Offline Markus

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Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #12 on: February 24, 2014, 03:45:58 AM »
so that means it would be possible to hold pts on bter/btc38 on snap shot date?
How would that provide options for speculators? By trading BterBTS against BTS?

By allowing people to buy and sell their BTS positions into/out of Bitcoin.

Sorry for not getting it. Isnt this what an exchange is supposed to do? Or will that be possible before the 28th?

You have an account on an exchange with X PTS in it on Feb 28 (morning). On Feb 29, you should still have X PTS in your account if you didn't buy/sell. The question was, what happens to the BTS that were generated corresponding to your PTS account? The exchanges now say that they will honor your BTS, so you will now have BTS on their exchange in addition to PTS, but they won't let you withdraw BTS (but you can trade for other currencies).

This gives options to speculators because previously it was thought people would have to withdraw all their PTS to their private wallets before Feb 28 to get BTS, then transfer their BTS to an exchange after Feb 28. Now you can, possibly, leave your PTS at the exchange and trade BTS when they show up (even sell them all for BTC and withdraw your BTC).

Don't confuse people with a Feb 29.
Where bter and btc38 are located the snapshot is actually taken on 1st March, just after sunrise.

Offline adistman

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Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #13 on: February 24, 2014, 04:07:31 AM »
nice, 29th on Feb, maybe 2016 can do...
PTS:PgyN7fJ5d9bCkcQLUXxoaQ87KvT9ZQMqus
BTC:18CrpUSta2KpPhuP3XGbSSdEYgBzEoTaH7

Offline cass

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Re: Exchanges Honoring PTS / BTS Split on the 28th
« Reply #14 on: February 27, 2014, 05:17:56 PM »
We have likely commitments from btc38 and bter that they will be honoring the BTS split from PTS on the 28th.   You will not be able to withdraw your BTS from these exchanges until after the BitShares XT network is finalized and assumed secure (not needing a reset).  This provides an interesting option for people wishing to speculate on BitShares X during the testing phase.

We will be getting more information regarding how these exchanges will handle this prior to the 28th.   So do not consider this an 'all clear' to leave your balance there, but do be on notice that this option may be available to you.

any update on this?
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