BitShares Forum

Main => General Discussion => Topic started by: emski on August 14, 2014, 07:24:42 am

Title: How will the genesis snapshot in Dry Runs 11+ be used
Post by: emski on August 14, 2014, 07:24:42 am

It is the one including all AGS and PTS by the time AGS donation ended.
What for will this snapshot be used ?

Title: Re: How will the genesis snapshot in Dry Runs 11+ be used
Post by: xeroc on August 14, 2014, 09:00:19 am

the AGS snapshot will be used for ALL upcoming DACS as AGS donation period is over ..

for PTS, each DAC has to announce an individual snapshot date and thus has its own snapshot

does this answer your question?

Title: Re: How will the genesis snapshot in Dry Runs 11+ be used
Post by: emski on August 14, 2014, 09:05:29 am

Quote from: xeroc on August 14, 2014, 09:00:19 am

the AGS snapshot will be used for ALL upcoming DACS as AGS donation period is over ..

for PTS, each DAC has to announce an individual snapshot date and thus has its own snapshot

does this answer your question?

What about descendants of Bitshares X ?
Will they still use Bitshares X snapshot ?

Title: Re: How will the genesis snapshot in Dry Runs 11+ be used
Post by: xeroc on August 14, 2014, 09:06:29 am

Quote from: emski on August 14, 2014, 09:05:29 am

What about descendants of Bitshares X ?
Will they still use Bitshares X snapshot ?

Afaik thats the plan .. BTSX is the Daddy-DAC (citation hackfisher ;) ) for the whole exchange ecosystem

Title: Re: How will the genesis snapshot in Dry Runs 11+ be used
Post by: Stan on August 14, 2014, 12:41:54 pm

Quote from: xeroc on August 14, 2014, 09:06:29 am

Quote from: emski on August 14, 2014, 09:05:29 am

What about descendants of Bitshares X ?
Will they still use Bitshares X snapshot ?

Afaik thats the plan .. BTSX is the Daddy-DAC (citation hackfisher ;) ) for the whole exchange ecosystem

To be precise, the snapshot is supposed to be taken from the evolving BTSX block chain at the time of the new DAC snapshot - not February 28th, 2014.  So trading BTSX amounts to trading places on the promotional free samples mailing list for future exchange DACs. 

BTSX is thus the PTS-like proto-DAC of the Exchange Sector of the DAC Industry.

Title: Re: How will the genesis snapshot in Dry Runs 11+ be used
Post by: arhag on August 15, 2014, 09:19:26 pm

Quote from: Stan on August 14, 2014, 12:41:54 pm

So trading BTSX amounts to trading places on the promotional free samples mailing list for future exchange DACs. 

I sure hope the IRS doesn't view it exactly that way. I wouldn't want my cost basis to go to zero each time BitShares X hard forks for an upgrade.