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Offline Thom

Does the X of BitSharesX stand for eXperimental?
« on: September 20, 2014, 02:44:19 AM »

And is there a PTS DAC or is PTS the obsolete "ProtoShares" that have now evolved into the BTSX DAC?

What is the roadmap to going "live"? Will my BTSX shares have to be transferred to a new blockchain or will the current bc just evolve and grow as the toolkit code matures?
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Offline Markus

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Re: Does the X of BitSharesX stand for eXperimental?
« Reply #1 on: September 20, 2014, 03:51:44 AM »
The X in BitSharesX stands for eXchange. BitSharesX is live, it's the final chain. If there is to be any related offspring there will be a snap-shot from itself.

ProtoShares were renamed to PTS due to trademark issues, it's the same thing.


Offline Thom

Re: Does the X of BitSharesX stand for eXperimental?
« Reply #2 on: September 20, 2014, 04:38:32 AM »
The X in BitSharesX stands for eXchange. BitSharesX is live, it's the final chain. If there is to be any related offspring there will be a snap-shot from itself.

ProtoShares were renamed to PTS due to trademark issues, it's the same thing.

So PTS is or isn't the same thing as BTSX?
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech Team Witness Proposal: https://bitsharestalk.org/index.php/topic,13837.msg243656.html#msg243656

Offline Markus

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Re: Does the X of BitSharesX stand for eXperimental?
« Reply #3 on: September 20, 2014, 05:25:16 AM »
ProtoShares were renamed to PTS due to trademark issues, it's the same thing.

This means ProtoShares and PTS are the same thing. They are also sometimes called BitShares PTS.

BitSharesX (also called BTSX) are different to PTS.

Offline cass

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Re: Does the X of BitSharesX stand for eXperimental?
« Reply #4 on: September 20, 2014, 10:35:13 AM »
nope they SHOULD called

BitShares PTS
BitSharesX
BitShares Notes
BitShares AGS
etc.


technically Protoshares and BitShares PTS are same. On the one hand we renamed it due *trademark issues* on the other hand to get a consistency on it!


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Offline fuzzy

Re: Does the X of BitSharesX stand for eXperimental?
« Reply #5 on: September 20, 2014, 02:28:22 PM »
I've always thought that it was bitsharesx because it was intended to be forked and built upon.  But maybe I am wrong.

If that is incorrect, eXchange would be the only other one I can think of...
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38PTSWarrior

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Re: Does the X of BitSharesX stand for eXperimental?
« Reply #6 on: September 20, 2014, 06:19:08 PM »
I think it's a homage to Malcolm X =D

Offline svk

Re: Does the X of BitSharesX stand for eXperimental?
« Reply #7 on: September 20, 2014, 07:17:25 PM »
The X in BitSharesX stands for eXchange. BitSharesX is live, it's the final chain. If there is to be any related offspring there will be a snap-shot from itself.

ProtoShares were renamed to PTS due to trademark issues, it's the same thing.

So PTS is or isn't the same thing as BTSX?

PTS was the first crypto launched by BM and I3, it is a more traditional "bitcoin-clone" type of currency but with a novel mining algorithm called Momentum that was meant to be CPU only. It turned out to be GPU mineable but only after a certain time, and is still being mined to this day although it has serious issues with it's difficulty due to large swings in mining interest due to snapshots.

PTS gives the right to claim parts in DACs based on your stake at the time of a snapshot, it was the case for BTSX at the end of february, and other snapshots that have been held since and future snapshots will all honor PTS.

So no, PTS is not the same thing as BTSX, it's a separate crypto currency.
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Offline dannotestein

Re: Does the X of BitSharesX stand for eXperimental?
« Reply #8 on: September 20, 2014, 08:26:38 PM »
I've always thought that it was bitsharesx because it was intended to be forked and built upon.  But maybe I am wrong.

If that is incorrect, eXchange would be the only other one I can think of...
X is for exchange: several names were debated to get across the concept of an exchange, but there was a lot of disagreement on what name to use for it.
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Offline j.galt

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Re: Does the X of BitSharesX stand for eXperimental?
« Reply #9 on: September 21, 2014, 03:25:19 AM »
The X in BitSharesX stands for eXchange. BitSharesX is live, it's the final chain. If there is to be any related offspring there will be a snap-shot from itself.

ProtoShares were renamed to PTS due to trademark issues, it's the same thing.

So PTS is or isn't the same thing as BTSX?

PTS was the first crypto launched by BM and I3, it is a more traditional "bitcoin-clone" type of currency but with a novel mining algorithm called Momentum that was meant to be CPU only. It turned out to be GPU mineable but only after a certain time, and is still being mined to this day although it has serious issues with it's difficulty due to large swings in mining interest due to snapshots.

PTS gives the right to claim parts in DACs based on your stake at the time of a snapshot, it was the case for BTSX at the end of february, and other snapshots that have been held since and future snapshots will all honor PTS.

So no, PTS is not the same thing as BTSX, it's a separate crypto currency.

Where can one find info on mining PTS?

Offline tonyk

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Re: Does the X of BitSharesX stand for eXperimental?
« Reply #10 on: September 21, 2014, 04:23:13 AM »
Does the X of BitSharesX stand for eXperimental?

I am not really sure how you decided  eX-perimental is what it stands for,

but I have always believed that it stands for

eX-ponential...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Online onceuponatime

Re: Does the X of BitSharesX stand for eXperimental?
« Reply #11 on: September 21, 2014, 04:02:58 PM »
The X in BitSharesX stands for eXchange. BitSharesX is live, it's the final chain. If there is to be any related offspring there will be a snap-shot from itself.

ProtoShares were renamed to PTS due to trademark issues, it's the same thing.

So PTS is or isn't the same thing as BTSX?

PTS was the first crypto launched by BM and I3, it is a more traditional "bitcoin-clone" type of currency but with a novel mining algorithm called Momentum that was meant to be CPU only. It turned out to be GPU mineable but only after a certain time, and is still being mined to this day although it has serious issues with it's difficulty due to large swings in mining interest due to snapshots.

PTS gives the right to claim parts in DACs based on your stake at the time of a snapshot, it was the case for BTSX at the end of february, and other snapshots that have been held since and future snapshots will all honor PTS.

So no, PTS is not the same thing as BTSX, it's a separate crypto currency.

Where can one find info on mining PTS?

Here is a good place to  start:  https://bitsharestalk.org/index.php?topic=2995.0
« Last Edit: September 21, 2014, 04:18:33 PM by onceuponatime »

Offline Thom

Re: Does the X of BitSharesX stand for eXperimental?
« Reply #12 on: September 21, 2014, 04:11:05 PM »
Here is a good place to  start:   https://ieonline.microsoft.com/#ieslice

What is that? Any chance you can provide a URL that I don't have to opt into some MS bullshit?

Thanks!
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech Team Witness Proposal: https://bitsharestalk.org/index.php/topic,13837.msg243656.html#msg243656

Online onceuponatime

Re: Does the X of BitSharesX stand for eXperimental?
« Reply #13 on: September 21, 2014, 04:19:51 PM »
Here is a good place to  start:   https://bitsharestalk.org/index.php?topic=2995.0

What is that? Any chance you can provide a URL that I don't have to opt into some MS bullshit?

Thanks!

Sorry, my mistake.  I have edited post with correct url.

Offline Thom

Re: Does the X of BitSharesX stand for eXperimental?
« Reply #14 on: September 21, 2014, 07:28:07 PM »
Hey no problem, thanks for the update!
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech Team Witness Proposal: https://bitsharestalk.org/index.php/topic,13837.msg243656.html#msg243656

 

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