PTS snapshot date. Ensure you have Notes at launch

[joele]

So it means
1 AGS = 262.5 Notes
1 PTS =  ± 298 Notes

Correct me if I'm wrong.

[clayop]

525 million * (your AGS) / (1,000,000) = your angelshare NOTES

/ (2,000,000)

[pariah99]

Just some quick napkin math that I did:

5 million daily x 60 days = 300 million NOTES presale

Presale is 20%, so:

300 million / 0.20 = 1.5 billion (1500 million) NOTES total

AGS/PTS each get 35% as stakeholders, so 525 million NOTES each.

You can calculate the amount you would get based on angelshares:

525 million * (your AGS) / (1,000,000) (2,000,000) = your angelshare NOTES

Edit: Forgot that there were 2mil AGS :P  Thanks clayop

[clayop]

The website doesn't say anything about AGS. Doesn't make it clear what % goes to PTS and what is actually issues. Very confusing.

Says 1.5B shares, but is that total or just from the crowdsale?!

See here,
http://www.bitsharesmusicfoundation.org/
"Distributed Issuance"

[bitmeat]

The website doesn't say anything about AGS. Doesn't make it clear what % goes to PTS and what is actually issues. Very confusing.

Says 1.5B shares, but is that total or just from the crowdsale?!

[MrJeans]

On the website it says the following:

"his allows for micro transactions which in turn allows the free flow of funds from fan to artist without anyone in the middle taking a huge cut."

I would remove the word "huge" because this makes it sound like PeerTracks takes a cut, but just a small one. When actually, to the best of my knowledge, it doesnt take any cut.

[Brekyrself]

I would suggest to sticky this thread and also put one in the general discussion thread.  Not everyone will see this buried about the snapshot date.

[Mysto]

Ah that makes sense thank you guys!

[xeroc]

So I got me some PTS and want to make sure I don't mess this up.
What I'm suppose to do is download this wallet
https://github.com/BitShares/BitShares-PTS/releases
and put them in before Oct. 10^th, right?
And is this the latest wallet, it says it's from Feb 17?

*confirmed*
*confirmed*
wallet is not updated too often as devs are busy working on the better blockchain tech ;-)

[bitmeat]

So I got me some PTS and want to make sure I don't mess this up.
What I'm suppose to do is download this wallet
https://github.com/BitShares/BitShares-PTS/releases
and put them in before Oct. 10^th, right?
And is this the latest wallet, it says it's from Feb 17?

Or you could diversify and leave some on BTC38, they said they would honor the snapshot. The benefit of having some there is that they may allow trading BEFORE the actual product is out. So if you are going to need some of that money, it might come in handy. Same thing happened with BTSX. I haven't heard from BTER and whether they would honor it as well but most likely yes.

[Mysto]

So I got me some PTS and want to make sure I don't mess this up.
What I'm suppose to do is download this wallet
https://github.com/BitShares/BitShares-PTS/releases
and put them in before Oct. 10^th, right?
And is this the latest wallet, it says it's from Feb 17?

[R2]

Is it possible to snapshot bitPTS that exists in the bitshares-x system?

Edit: (posted this to reddit too, but this is probably a better place to discuss this):

I understand that bitshares-x is just one DAC, but i'm unsure as to whether future DACS created by the same developers that created BTSX will only snapshot PTS/AGS for initial distribution of the new DAC, or if a snapshot of BTSX will also be taken.

I've been looking into PTS/AGS - AGS was a once off developer fund so you can only really buy PTS in order to get a share of the next new DAC without buying the new dac coins from an exchange.

What's worse is that PTS is a proof of work cryptocurrency that whilst once was a cpu only crypto, is now a GPU minable crypto using semi-untrustworthy mining software. Why hasnt PTS been upgraded to DPOS yet? People are kinda saying that PTS has been abandoned..

Wouldn't DPOS make more sense? As we would see the newly created DACS becoming the most trusted delegates, which would in turn help fund core development of DACS?

http://wiki.bitshares.org/index.php/BitShares_Social_Consensus

The social consensus states that 10% goes to PTS, 10% goes to AGS minimum, but couldnt another 10% go to BTSX holders?

[xeroc]

Will we be able to buy BitShares Music in BTSX?

no

btw.. the questions is just wrong. should have been

weill we be able to buy notes (from bitshares music)  in BitsharesX (paying BTSX or bitUSD)

BTSX = tokenin bitsharesx
bitUSD = token pegged to USD
BitSharesX = DAC/blockchain
Note = token in bitshares music
bitshares Music = DAC/blockchain

[bluebit]

Will we be able to buy BitShares Music in BTSX?

[cob]

What will the distribution be? 10% AGS / 10% PTS still?

No, a few massive changes were made in the way future DACS might be launched. We will be testing out the new method. Details to come within the next 48hours.