BitShares Forum

Main => Technical Support => Topic started by: kickky on August 18, 2015, 10:17:08 pm

Title: About BItshares 2.0 Snapshot
Post by: kickky on August 18, 2015, 10:17:08 pm: What really the snapshot is about? like the bts snapshot before? wuz the difference? wuz the gain for bts holders from the snapshot?

thx
Title: Re: About BItshares 2.0 Snapshot
Post by: speedy on August 18, 2015, 10:53:30 pm: BitShares is restarting with totally new software (2.0) and a new blockchain starting with a new genesis block, which will be snapshotted from the existing distribution of BTS and BitAssets.

The benefit is that the new software is cleaner, faster and easier to monetize by cryptonomex which will support the development of BitShares with less need for further dilution.
Title: Re: About BItshares 2.0 Snapshot
Post by: xeroc on August 19, 2015, 07:15:19 am: It really is "just" an upgrade of the underlying technology .. not a "real snapshot" ..
The devs used to call this a "pitch fork" because it resets the blockchain at zero and initializes it with the state of the old chain.

For you (and for anyone else) holding any asset in BTS0.9, nothing will change in regards to your funds .. you will only see a much stronger technology!
Title: Re: About BItshares 2.0 Snapshot
Post by: mf-tzo on August 19, 2015, 09:30:05 am: Quote from: xeroc on August 19, 2015, 07:15:19 am
It really is "just" an upgrade of the underlying technology .. not a "real snapshot" ..
The devs used to call this a "pitch fork" because it resets the blockchain at zero and initializes it with the state of the old chain.

For you (and for anyone else) holding any asset in BTS0.9, nothing will change in regards to your funds .. you will only see a much stronger technology!

That is not entirely true.. Your funds will be most probably worth much more than today ;)
Title: Re: About BItshares 2.0 Snapshot
Post by: xeroc on August 19, 2015, 09:33:04 am: Quote from: mf-tzo on August 19, 2015, 09:30:05 am
That is not entirely true.. Your funds will be most probably worth much more than today ;)
From an outside perspective .. hopefully, yes!!
Title: Re: About BItshares 2.0 Snapshot
Post by: pseudoscops on August 20, 2015, 10:59:02 pm: Does anyone know if I need to worry about my vesting shares or should I claim them before the upgrade?
Title: Re: About BItshares 2.0 Snapshot
Post by: luckybit on August 21, 2015, 05:36:36 am: Quote from: pseudoscops on August 20, 2015, 10:59:02 pm
Does anyone know if I need to worry about my vesting shares or should I claim them before the upgrade?

My understanding is you don't have to worry about that. Just use the new 2.0 client, import wallet, and the developers take care of everything else.
Title: Re: About BItshares 2.0 Snapshot
Post by: xeroc on August 21, 2015, 06:20:10 am: AFAIK .. they will still be vested though
Title: Re: About BItshares 2.0 Snapshot
Post by: pseudoscops on August 22, 2015, 02:56:41 pm: Thanks guys!

Was hoping to just withdraw all when fully vested. Anyone kept track of when that is? Seem to have 18 months in my head...?
Title: Re: About BItshares 2.0 Snapshot
Post by: Ander on August 24, 2015, 05:48:28 pm: Quote from: pseudoscops on August 22, 2015, 02:56:41 pm
Thanks guys!

Was hoping to just withdraw all when fully vested. Anyone kept track of when that is? Seem to have 18 months in my head...?

15 more months.