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BitShares PTS / Re: Where are the PTC to BTS announcements and instructions?
« on: July 28, 2014, 01:51:04 pm »
ok thx !! I'm noticing BTSX value is dropping more and more. Arf I should have bought my PTS before February, 28th ......
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No because the value of pts is the social contract which is transferable on the daily snapshots. We will soon migrate pts to dpos and this problem will go away.
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How will this work? With 350k shares to be distributed before the 2 million mark and inflationary only period? I see it working post share exhaustion but not till then. Is the delegate to act as a faucet? What am I missing?
You are missing that PTS has no obligation to mine out all 2 million shares and that the final snapshot on PTS can occur at any time.