BitShares Forum

Main => General Discussion => Topic started by: Bitshark on July 07, 2014, 08:44:46 pm

Title: BTSX on bter
Post by: Bitshark on July 07, 2014, 08:44:46 pm
Are these the officially issued DACshares? What are these?
Title: Re: BTSX on bter
Post by: liondani on July 07, 2014, 08:47:53 pm
https://bitsharestalk.org/index.php?topic=5471.0 (https://bitsharestalk.org/index.php?topic=5471.0)    ;)
Title: Re: BTSX on bter
Post by: toast on July 07, 2014, 08:51:10 pm
BTSX from PTS snapshot that exchange holds. Trading IOUs for btsx that will be allocated to keys the exchange owns.
Title: Re: BTSX on bter
Post by: dovaboy on July 08, 2014, 08:36:35 pm
ive been buying what others are seling. is that bad right now?
Title: Re: BTSX on bter
Post by: bytemaster on July 08, 2014, 08:42:31 pm
ive been buying what others are seling. is that bad right now?

A tad risky because the market doesn't know "what" these are exactly yet... but perhaps that means you get a good deal.
Title: Re: BTSX on bter
Post by: dovaboy on July 08, 2014, 09:30:39 pm
ive been buying... that bad right now?

A tad risky because the market doesn't know "what" these are exactly yet... but perhaps that means you get a good deal.

i hope so, i cant believe we wait so long, and then see guys "short" it (kinda) as soon as the trade is available before we know anything. on the same hand maybe why i shouldnt buy them up either...
Waited and talked so much about that whole thing to people that i cant run, they already think i need a tinfoil hat when i talk about this stuff. this is where we always say dont be emotional too when buying/selling. hope it goes well. you know so many people are deeply pleased inside no matter if they admit it or criticize. the treachery you guys went through to get here. thanks for all the hard work.
Title: Re: BTSX on bter
Post by: cass on July 08, 2014, 10:52:40 pm
Bter:  Total coins: 4.000.000
btx38: Total coins: 2.000.000.000

edit:
bitshares.org Total coins: 8.000.000

Title: Re: BTSX on bter
Post by: bytemaster on July 09, 2014, 01:31:43 am
Bter:  Total coins: 4.000.000
btx38: Total coins: 2.000.000.000

edit:
bitshares.org Total coins: 8.000.000

BitShares.org shouldn't list total coins in any system. 
Title: Re: BTSX on bter
Post by: ninja on July 09, 2014, 04:48:13 am
Bter:  Total coins: 4.000.000
btx38: Total coins: 2.000.000.000

edit:
bitshares.org Total coins: 8.000.000

BitShares.org shouldn't list total coins in any system.

Very confused... what is the official total coin of BTSX?
- Wiki page: http://wiki.bitshares.org/index.php/Bitshares_X: 2,000,000,000
- Bter
- btx38
- http://bitshares.org/banking-learn-more/: 8,000,000

Please confirm!
Title: Re: BTSX on bter
Post by: toast on July 09, 2014, 04:50:17 am
2,000,000,000

exchanges should (carefully) update appropriately
Title: Re: BTSX on bter
Post by: clout on July 09, 2014, 05:01:38 am
Does this mean that you do not have to have pts in your personal wallet to get honored for future snapshots?
Title: Re: BTSX on bter
Post by: xeroc on July 09, 2014, 06:58:53 am
Bter:  Total coins: 4.000.000
*confirmed*
Quote

btx38: Total coins: 2.000.000.000
How did you make up that number? Any sources?

Wouldn't that conclude that the price between BTX38 and bter should differ in magnitudes?
Isn't that a mess?
Title: Re: BTSX on bter
Post by: cass on July 09, 2014, 09:36:14 am
Quote

btx38: Total coins: 2.000.000.000
How did you make up that number? Any sources?

http://www.btc38.com/altcoin/btsx/

sry i meant btc38 ... spelling mistake on my side i guess
Title: Re: BTSX on bter
Post by: cass on July 09, 2014, 09:37:17 am
Bter:  Total coins: 4.000.000
btx38: Total coins: 2.000.000.000

edit:
bitshares.org Total coins: 8.000.000

BitShares.org shouldn't list total coins in any system.


k so i'll clean up it now .. right?
Title: Re: BTSX on bter
Post by: cass on July 09, 2014, 09:38:44 am
Bter:  Total coins: 4.000.000
btx38: Total coins: 2.000.000.000

edit:
bitshares.org Total coins: 8.000.000

BitShares.org shouldn't list total coins in any system.


k so i'll clean up it now .. right?

updated ---
Title: Re: BTSX on bter
Post by: merockstar on July 09, 2014, 09:55:04 am
It's hard for me to imagine a profitable business pulling a trick like not adjusting the number of BitShares they're selling people for the supply increase to 2 billion.

But, you guys have me concerned now because I have bought some BTSX from there, so I just reached out to them.

I'll let you know how they respond.

UPDATE: They responded damn near immediately:

Quote
Your listing seem to be based on 4,000,000 total BTSX, but the BitShares team just increased the number to 2,000,000,000.

If i buy BTSX from your exchange, am I buying 1 BitShares regardless of how many there are on release, or will you adjust the number to match the change?

Quote
Dear Sir,
Thanks for your information. We will adjust it accordingly
Thanks

I like this exchange so far. I might have to consider switching since I'm all set up with 2fa and stuff now.
Title: Re: BTSX on bter
Post by: JA on July 09, 2014, 10:33:15 am
It's hard for me to imagine a profitable business pulling a trick like not adjusting the number of BitShares they're selling people for the supply increase to 2 billion.

But, you guys have me concerned now because I have bought some BTSX from there, so I just reached out to them.

I'll let you know how they respond.

UPDATE: They responded damn near immediately:

Quote
Your listing seem to be based on 4,000,000 total BTSX, but the BitShares team just increased the number to 2,000,000,000.

If i buy BTSX from your exchange, am I buying 1 BitShares regardless of how many there are on release, or will you adjust the number to match the change?

Quote
Dear Sir,
Thanks for your information. We will adjust it accordingly
Thanks

I like this exchange so far. I might have to consider switching since I'm all set up with 2fa and stuff now.
yeah bter is one of the nicest exchanges

not like the cryptsy scam
Title: Re: BTSX on bter
Post by: merockstar on July 09, 2014, 10:39:12 am
yeah bter is one of the nicest exchanges

not like the cryptsy scam

Gotta say, I really don't mind waiting for less confirmations. Interface is pretty nice, going to have to compare withdrawal fees to cryptsy-- but if the price is right I think I might be sold.
Title: Re: BTSX on bter
Post by: D4vegee on July 09, 2014, 11:18:20 am
Bter  +5%
Cryptsy = Horrible
Title: Re: BTSX on bter
Post by: mf-tzo on July 09, 2014, 01:00:52 pm
They said that they will adjust accordingly but can someone drop them an email to clarify if the current listing is based on 2mil or 4 mil?
Title: Re: BTSX on bter
Post by: Bitshark on July 09, 2014, 11:12:25 pm
Yes, bter is the best exchange never had any problems.  +5%
Title: Re: BTSX on bter
Post by: Bitshark on July 09, 2014, 11:13:48 pm
Yes, bter is the best exchange never had any problems.  +5%
They said that they will adjust accordingly but can someone drop them an email to clarify if the current listing is based on 2mil or 4 mil?

It's still based on 4m hasnt changed. They won't change it will get too confusing.
Title: Re: BTSX on bter
Post by: bitcoinerS on July 11, 2014, 01:27:59 am
https://bter.com/coininfo/BTSX

Still shows incorrect information.

Quote
Specification
▦ Release date: ~2014-07-30 ▦ Total coins: 4000000 ▦ Supply: 4000000 ▦ Market Cap: 32,800 BTC ▦ Algorithm: - ▦ Block time: ~ sec ▦ Block reward: ~ ▦ Retarget: ~ ▦ Proof: -

I sent a message to their support to correct.

update: Looks like they changed it to 2 billion now.
Title: Re: BTSX on bter
Post by: bitcoinerS on July 11, 2014, 08:50:03 am
Yes, bter is the best exchange never had any problems.  +5%
They said that they will adjust accordingly but can someone drop them an email to clarify if the current listing is based on 2mil or 4 mil?

It's still based on 4m hasnt changed. They won't change it will get too confusing.

They just changed supply to 2 billion.
https://bter.com/trade/BTSX_BTC
but forgot to update main page
https://bter.com/ supply for btsx which is still showing 4 million and causing an error in displayed market cap. I sent them a message asking to correct.
Title: Re: BTSX on bter
Post by: liondani on July 11, 2014, 09:22:31 am
Yes, bter is the best exchange never had any problems.  +5%
They said that they will adjust accordingly but can someone drop them an email to clarify if the current listing is based on 2mil or 4 mil?

It's still based on 4m hasnt changed. They won't change it will get too confusing.

They just changed supply to 2 billion.
https://bter.com/trade/BTSX_BTC
but forgot to update main page
https://bter.com/ supply for btsx which is still showing 4 million and causing an error in displayed market cap. I sent them a message asking to correct.

I sent them too !
Title: Re: BTSX on bter
Post by: svk on July 11, 2014, 09:34:40 am
And it's done, market cap of 32460BTC, 6th place :)
Title: Re: BTSX on bter
Post by: bitcoinerS on July 11, 2014, 09:44:37 am
Since number of Bitshare X in circulation goes down over time (it is only 2 billion at start), It would be better and more accurate for exchanges and  http://coinmarketcap.com/ (needs to be notified) to display current supply of BTSX dynamically using a Bitshares X api call. 
Title: Re: BTSX on bter
Post by: gamey on July 11, 2014, 10:31:02 am
Yes, bter is the best exchange never had any problems.  +5%
They said that they will adjust accordingly but can someone drop them an email to clarify if the current listing is based on 2mil or 4 mil?

It's still based on 4m hasnt changed. They won't change it will get too confusing.

Now the market buy/sell order columns are completely mangled along with the price and volume graph.  WTF
Title: BTSX on bter
Post by: bitbro on July 11, 2014, 11:07:21 am
And it's done, market cap of 32460BTC, 6th place :)

is this right? Let's get on cmc when the product is released


Sent from my iPhone using Tapatalk
Title: Re: BTSX on bter
Post by: Bitshark on July 11, 2014, 01:59:09 pm
Yes, bter is the best exchange never had any problems.  +5%
They said that they will adjust accordingly but can someone drop them an email to clarify if the current listing is based on 2mil or 4 mil?

It's still based on 4m hasnt changed. They won't change it will get too confusing.

They just changed supply to 2 billion.
https://bter.com/trade/BTSX_BTC
but forgot to update main page
https://bter.com/ supply for btsx which is still showing 4 million and causing an error in displayed market cap. I sent them a message asking to correct.

And I thought the price had crashed ..  :-\
Title: Re: BTSX on bter
Post by: dovaboy on July 11, 2014, 02:54:13 pm
wait so the price didnt crash, why such a low point then?, i came here to say that i guess since i bought early from all the dumpers who wanted to get off ship ended up being a bad move. and my stash dropped by half

oh hold on, isee what they did there. im good. value adjusted  /btc.
Title: Re: BTSX on bter
Post by: Yuzu on July 11, 2014, 05:28:09 pm
Just for those who don't know (I didn't), BTSX withdrawal is disabled on Bter until release.  D'uh, but I didn't think about that.
Title: Re: BTSX on bter
Post by: merockstar on July 12, 2014, 12:13:01 am
Just for those who don't know (I didn't), BTSX withdrawal is disabled on Bter until release.  D'uh, but I didn't think about that.

yea withdrawals are disabled because there is nothing to withdraw to yet.

BTER knows they're going to get x% of BTSX because they were holding y PTS at the time of the snapshot, so they're letting their customers trade the percentage of BTSX they know they're getting internally.
Title: Re: BTSX on bter
Post by: cygnify on July 12, 2014, 01:38:16 am
BTER knows they're going to get x% of BTSX because they were holding y PTS at the time of the snapshot, so they're letting their customers trade the percentage of BTSX they know they're getting internally.

Isn't it their customers BTSX that they are holding, that they received as part of the PTS snapshot?

Title: Re: BTSX on bter
Post by: bitmeat on July 12, 2014, 04:24:24 am
Yes. It is effectively like a futures market derivative. You can trade something that hasn't been delivered yet. It's nice to see some price discovery though.
Title: Re: BTSX on bter
Post by: merockstar on July 12, 2014, 09:40:40 am
BTER knows they're going to get x% of BTSX because they were holding y PTS at the time of the snapshot, so they're letting their customers trade the percentage of BTSX they know they're getting internally.

Isn't it their customers BTSX that they are holding, that they received as part of the PTS snapshot?

yep, and it's their customers that are doing the trading. when the product is released, they give the appropriate amounts out to people based on the balances they have after all the trades, then start allowing withdrawals and deposits.
Title: Re: BTSX on bter
Post by: liondani on July 12, 2014, 10:14:51 am
6th place on the market cap list belongs to the past...

We are temporary now on place 5  ;)


PS ...bets on how quick we get to place 4 ?



(http://3.bp.blogspot.com/-0uSCRHUanGk/U8ElvpCqSZI/AAAAAAAAC-k/X3D5m73GPA8/s1600/Screenshot+2014-07-12+14.06.57.png)
Title: Re: BTSX on bter
Post by: solaaire on July 12, 2014, 04:10:11 pm
(http://i.imgur.com/nMPcEuL.png)
Title: Re: BTSX on bter
Post by: merockstar on July 12, 2014, 04:45:56 pm
(http://i.imgur.com/nMPcEuL.png)

which site are you guys looking at?
Title: Re: BTSX on bter
Post by: JA on July 12, 2014, 04:47:01 pm
(http://i.imgur.com/nMPcEuL.png)

which site are you guys looking at?
bter  :D
obviously
https://bter.com/
Title: Re: BTSX on bter
Post by: merockstar on July 12, 2014, 07:20:32 pm
bter  :D
obviously
https://bter.com/

oooooooooooooohhhhhhhhhhhhhhhhhhhhhhhh.
doh
Title: Re: BTSX on bter
Post by: xeroc on July 12, 2014, 09:47:18 pm
Moly moly .. that was fast :)
Title: Re: BTSX on bter
Post by: merockstar on July 12, 2014, 09:55:08 pm
Moly moly .. that was fast :)

it may not be real though. with all the being super clear about withdraw your pts before the snapshot, only those not in the know would have left their pts on the exchange. that means they're trading what's probably a tiny percentage of the supply.

i wouldn't be surprised to see the price drop immediately on release.

i wouldn't be surprised to see me buying on the way down either.
Title: Re: BTSX on bter
Post by: xeroc on July 12, 2014, 09:56:16 pm
+5% .. pretty much the same happend to auroracoin and the others ..
Title: Re: BTSX on bter
Post by: merockstar on July 12, 2014, 10:07:27 pm
+5% .. pretty much the same happend to auroracoin and the others ..

marinecoin also comes to mind.

has anybody figured out what thats about?

as far as I can tell, if you buy 2000 of their 97.2% premined clonecoin they're claiming you will become an abercrombie and fitch model (http://www.marinecoin.org/#!life-style/c19y7)
Title: Re: BTSX on bter
Post by: donkeypong on July 13, 2014, 03:35:09 am
And marinecoin's 97.2% premine is stored in an ice cold vault in Antarctica. It will take something like 1000 years for the remainder to be mined. I asked them and they weren't all that sure where the waterfront real estate and mega-yacht would be located. They said it may well be in Antarctica. But the marinecoin tower will be somewhere in New York, once people who take the bus tour decide on a location. Hopefully, there's no Kool-aid on the bus tour. marinecoin sounds like a sane choice and a rip-roaring ride for anyone looking to diversify.