Quote from: testz on March 13, 2014, 02:12:43 pm

Quote from: jsidhu on March 13, 2014, 12:49:46 pm

Quote from: bytemaster on March 13, 2014, 12:10:53 am

Ok... I will offer a 500 PTS bounty for the best solution to this problem.   Testz, as the maintainer, of PTS right now will be responsible for reviewing and applying it and producing a release.

In the mean time, we should have an updated checkpoint ASAP to minimize any damage from potential attacks.

I offer the fix with checkpoint using kimoto gravity well implementation.. github.com/sidhujag/PTS

But testz said bounty isnt valid and to test it myself.

Are you going back on your word here or whats going on?

Here is my answer:

Quote from: testz on March 13, 2014, 07:01:05 am

Sorry, but I don't think we will going to fork the network, I will ask bytemaster, or you can open the poll in the forum about this.

Regards,
TestZ

PS: Test net works if you want, you can check it by your self.

As you can see, I dont say that "bounty isnt valid".
Yes, BitShares-PTS has working testnet and you can check your Kimoto Gravity implementation.

yes, test it first.

Quote from: barwizi on March 12, 2014, 07:23:27 am

i'm happy to announce we will be rolling back everything.

no FUD until my next paycheck please, I want cheap PTS too

lol, i keep kicking peoples shins today

Our options are:
1) Hard fork and forcing everyone to upgrade
2) Get products out there and increase the value of PTS
3) Wait it out.

The hard fork option is likely to take a week of our time dealing with support, testing, etc.   
The solution for those who want to see their transactions to go through faster is to pay more for it.   This will reward those who do mine and if enough people randomly tip miners then they will start to factor that in.

Worst case:  the PTS chain completely freezes because no one mines.   They still have value, they are just less liquid until their value increases.   Our preferred approach is to maximize our time spent increasing their value.

increasing the value is a priority, but if the chain freezes up or slow down any further it may  actually devalue it further. While they are not strictly an alt, PTs still utilizes PoW and is blockchain dependent. trying to act like it is not, burying our heads in the sand just wont cut it and endangers our investment. the chain should move at a rate that is acceptable.

If you get someone like Freetrade to do it or anyone who has the time, it will take a max of three days. in a week everyone that visits the forums and the exchanges will have the version.

option 3 is a non starter

two is good but works well with 1 already implemented.

How would a catastrophic fork happen if the difficulty is so high miners can barely make an honest chain?
edit: derp nvm ignore that ^^

Quote

2) the difficulty WILL kill PTS if it's not addressed.

I guess I still don't understand this argument. Time between blocks will increase to longer than one day or something? Actually it'd be useful to know exactly how much minimum mining power the network needs to keep block times under 1 day

you'll understand when it says 39 months to retarget.

Quote

The investors here are mainly miners and (day)traders.

Personally, I'd love it if all those people dumped their PTS.

Quote

guess I'll just sit on my PTS, BTS, and AGS until it appreciates or starts returning dividends, I was always going long on this investment anyway. For me, it makes no sense to keep going for around 1 PTS a day.

Great! Good thinking.

I think this thread is full of people trying to mine for a profit who are confused about their role in the cryptocurrency space

too much rhetoric and no facts, everyone avoids the facts.

1) PTS is de-valuing
2) the difficulty WILL kill PTS if it's not addressed.
3) Trust and confidence will die if this is not addressed in a timely fashion.

Quote from: barwizi on March 12, 2014, 02:06:39 pm

either i'm the only one with a good memory or most of you were not around when a similar situation arose.

there was once a coin called China coin CNC, it died, a horrible death after the devs failed to deal with this similar situation. Get off that high horse and realize that it's mining that keeps the chain moving and transactions confirming. This will continue sliding and loosing value, moreover if a new DAC was announced in the coming few days, miners would return and mine...the price will rise and so will the difficulty. After the snapshot, it will be abandoned again, this time with even higher difficulty and worse dumping because people will be expecting the price drop.

know that how you deal with the situation reflects on your commitment to PTS holders.

We are PTS holders...   

We don't want to do a hard fork if we can avoid it.  We don't want to divert resources from other priorities if we can avoid it.

Hopefully it will gradually recalibrate on its own until we reach 2,000,000 in circulation.  Then we have the option to upgrade just once to our new BitShares standard which would eliminate these problems and perhaps add other TBD benefits.

We don't want

Well, we want it.

We don't want to divert resources

You'll have to either divert man power or funds. It's now unavoidable. You are clearly not mining, if you were you'd feel the pressure.

Hopefully it will gradually recalibrate

You clearly were not there when CNC lived and died... you have to effect the recalibration. This is code, it does not understand, it only does as it is told.

TBD benefits.

right now it's about PTS, we'll cross the Bitshares bridge when we get there.


Stan, i've been into coins a while and i've seen what this does, it needs to be fixed and there is no explanation that can cover that up. I hate hard forks as much as any other dev but they are done for a reason, this is one of the most pressing reasons to effect one immediately. Trust me, your PTS will ebb away into nothing soon if people realize that you guys are not willing to update your code to be a bit more compliant.

No response can refute these facts, i have participated in too many coin revivals either as a holder or stepping in to assist copy-paste devs. Inaction for any reason whatsoever is toxic to trust and confidence.

If you start abandoning projects now or being complacent because of "indefinite future upgrades", lol watch the price plunge along with mass loss of confidence and trust in your group. Even the guy who did the coding for you Freetrade agrees that this needs to be addressed.

i'm happy to announce we will be rolling back everything.