Author Topic: SNAPSHOT QUESTIONS  (Read 6814 times)

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Offline Reiner

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Re: SNAPSHOT QUESTIONS
« Reply #21 on: August 23, 2014, 12:39:55 pm »
thanks! now i understand it.

Offline xeroc

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Re: SNAPSHOT QUESTIONS
« Reply #20 on: August 23, 2014, 12:04:23 pm »
@ Reiner

No matter the price, its always  (PTS * 1.28 * 500) and you can import your pts wallet to the btsx wallet whenever you want.
BUT
You only can get btsx for pts you had before 28 February, If you bought pts after that day you will not get any btsx,(but you will have a share in all feature dacks) if you buy pts today you will not get any btsx.
In short (this is what is also written in the wiki)

You get 1.28*500 BTSX for each PTS you held in your wallet on the snapshot (last block in 28.deb utc) ... if you wanted to have btsx now you need to buy them at an exchange ...

chryspano

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Re: SNAPSHOT QUESTIONS
« Reply #19 on: August 23, 2014, 11:58:23 am »
@ Reiner

No matter the price, its always  (PTS * 1.28 * 500) and you can import your pts wallet to the btsx wallet whenever you want.
BUT
You only can get btsx for pts you had before 28 February, If you bought pts after that day you will not get any btsx,(but you will have a share in all feature dacks) if you buy pts today you will not get any btsx.


Offline Reiner

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Re: SNAPSHOT QUESTIONS
« Reply #18 on: August 23, 2014, 11:08:50 am »
For me it is new, that i can change my pts to btsx with this role: PTS * 1.28 * 500?
Is it always the same (PTS * 1.28 * 500)? No matter how high the price of btsx is?
I do not understand. When. Also now?
1 Pts /CNY (bter.com) costs 18.8 CNY
1 btsx/CNY costs 0.1712 cny
So if the would change 1 pts with that role pts*1,28*500=640 btsx it would mean:
i pay for 1 pts 18.8 cny and get 640*1 btsx and can it sell for 640*0.1712 cny =  109,568 cny ??
All people would buy pts to change it to btsx
dont understand
The market cap for btsx is now http://coinmarketcap.com/ at 56,501,394 (btc has 6,847,999,524)
If the market cap for btsx would be at 300 000 000 so what does it mean ... is the price higher than now 6 times higher then now?
Please read through this:
http://wiki.bitshares.org/index.php/BitShares_PTS

you are fixing some things up!

@xerox
This article http://wiki.bitshares.org/index.php/BitShares_PTS explains with no word the meaning of 'PTS * 1.28 * 500'
And to say read this articel ...  is not a answer of my question

Offline bitcoinnoisseur

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Re: SNAPSHOT QUESTIONS
« Reply #17 on: August 23, 2014, 03:35:00 am »
My PTS are in a Mac wallet on a Mac(not mine). How do I get them into my Windows wallet on my Windows  PC? I'm going to import the PTS wallet to my BTSX wallet and I want everything on my Windows PC.

Offline Reiner

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Re: SNAPSHOT QUESTIONS
« Reply #16 on: August 22, 2014, 05:38:48 pm »
ok must read this

Offline xeroc

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Re: SNAPSHOT QUESTIONS
« Reply #15 on: August 22, 2014, 05:36:41 pm »
For me it is new, that i can change my pts to btsx with this role: PTS * 1.28 * 500?
Is it always the same (PTS * 1.28 * 500)? No matter how high the price of btsx is?
I do not understand. When. Also now?
1 Pts /CNY (bter.com) costs 18.8 CNY
1 btsx/CNY costs 0.1712 cny
So if the would change 1 pts with that role pts*1,28*500=640 btsx it would mean:
i pay for 1 pts 18.8 cny and get 640*1 btsx and can it sell for 640*0.1712 cny =  109,568 cny ??
All people would buy pts to change it to btsx
dont understand
The market cap for btsx is now http://coinmarketcap.com/ at 56,501,394 (btc has 6,847,999,524)
If the market cap for btsx would be at 300 000 000 so what does it mean ... is the price higher than now 6 times higher then now?
Please read through this:
http://wiki.bitshares.org/index.php/BitShares_PTS

you are fixing some things up!

Offline Reiner

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Re: SNAPSHOT QUESTIONS
« Reply #14 on: August 22, 2014, 05:29:58 pm »
For me it is new, that i can change my pts to btsx with this role: PTS * 1.28 * 500?
Is it always the same (PTS * 1.28 * 500)? No matter how high the price of btsx is?
I do not understand. When. Also now?
1 Pts /CNY (bter.com) costs 18.8 CNY
1 btsx/CNY costs 0.1712 cny
So if the would change 1 pts with that role pts*1,28*500=640 btsx it would mean:
i pay for 1 pts 18.8 cny and get 640*1 btsx and can it sell for 640*0.1712 cny =  109,568 cny ??
All people would buy pts to change it to btsx
dont understand
The market cap for btsx is now http://coinmarketcap.com/ at 56,501,394 (btc has 6,847,999,524)
If the market cap for btsx would be at 300 000 000 so what does it mean ... is the price higher than now 6 times higher then now? That would mean : PTS * 1.28 * 500 *  6!
« Last Edit: August 22, 2014, 05:37:40 pm by Reiner »

Offline aftw

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Re: SNAPSHOT QUESTIONS
« Reply #13 on: August 22, 2014, 02:45:47 pm »
Thanks for the replies. I haven't been through the process so trying to understand. No plans to sell my PTS but want to understand the implications if I did.

If I no longer have PTS in my wallet after the snapshot how do I import my wallet to get shares in new DACs? Is there plans for shares in new DACs to be automated for PTS/AGS snapshot holders?

Offline onceuponatime

Re: SNAPSHOT QUESTIONS
« Reply #12 on: August 22, 2014, 02:14:19 am »
So it is safe to sell off your PTS that was saved for the August 21st snapshot?

If you want in for the next snapshot (whenever that may be) you must buy PTS before the date and hold it in your wallet?

I believe those are the two correct answers

I believe that to be correct.

There may be more snapshots coming soon. A lot of people are excited about BitShares Music, and Hackfisher's Gaming DAC.

Thus there is a chance that PTS are at their cheapest right now (ie. not a good time to sell if you are intending to buy back before the next snapshot).

But then again, maybe you want to use the funds to buy btsx. Gets complicated, doesn't it?

Offline sandpaper

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Re: SNAPSHOT QUESTIONS
« Reply #11 on: August 22, 2014, 01:58:50 am »
So it is safe to sell off your PTS that was saved for the August 21st snapshot?

If you want in for the next snapshot (whenever that may be) you must buy PTS before the date and hold it in your wallet?

I believe those are the two correct answers

Offline tonyk

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Re: SNAPSHOT QUESTIONS
« Reply #10 on: August 22, 2014, 01:53:29 am »
@onceuponatime -  I think he means like by them back if you want part in the next DAC that comes up. Not for this one. Atleast I hope that's what he means.

Yes!  Reading it again it is not the most clear statement. :(
« Last Edit: August 22, 2014, 01:55:25 am by TheOnion »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline onceuponatime

Re: SNAPSHOT QUESTIONS
« Reply #9 on: August 22, 2014, 01:49:47 am »
@onceuponatime -  I think he means like by them back if you want part in the next DAC that comes up. Not for this one. Atleast I hope that's what he means.

Yes, that is what TheOnion means, but aftw was asking "if I have PTS in my wallet for the snapshot but sell it before either of the new DACs launch?"

They are talking at cross-purposes.

Offline DavefromPhilly

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Re: SNAPSHOT QUESTIONS
« Reply #8 on: August 22, 2014, 12:45:06 am »
@onceuponatime -  I think he means like by them back if you want part in the next DAC that comes up. Not for this one. Atleast I hope that's what he means.

Offline onceuponatime

Re: SNAPSHOT QUESTIONS
« Reply #7 on: August 22, 2014, 12:31:21 am »
What happens if I have PTS in my wallet for the snapshot but sell it before either of the new DACs launch? How do I get the shares due me?

You are good. Just buy them back anytime before the next snapshot.

That's bullshit! You don't have to buy them back. The new DAC shares go to the owner of the PTS at the snapshot.