BitShares Music DAC
Make sure you have your PTS out of the exchanges and into your wallets by october 10th 2014 at midnight.
So the first second of October 10th 2014 is when the snapshot will be taken.
This is GMT (Greenwich Mean Time) time zone, or UTC (Coordinated Universal Time) we are talking about here.
Keep in mind the BitShares PTS confirmation time is pretty slow and random. So don't wait until the last second to act or your PTS might not have been included in a block in time for the snapshot.
As for the NOTE allocation at Genesis block:
35% PTS
35% AGS
20% upcoming pre-sale
10% BitShares Music Foundation
Keep in mind delegates will be able to dilute the Note supply if Note holders vote for it. The details are being workout out by bytemaster in this thread: https://bitsharestalk.org/index.php?topic=9452.0
They might not have to dilute and BitShares Music will most likely have a cap on the amount of dilution possible but just so you are aware ahead of time, this allocation is for genesis block.
Edit: to clarify. AGS is also getting a stake in the music DAC of course. Only no action is required by AGS holders since the AGS donation campaign ended already. They cannot be sold, nor purchased.
(This post is just for people that have not checked out the music forum. Please debate delegate pay / dilution in it's respective thread.)
AGS snapshot will be taken at the same time?
Quote from: clayop on September 26, 2014, 08:10:54 PM
AGS snapshot will be taken at the same time?
AGS ended a while ago...
Quote from: toast on September 26, 2014, 08:14:45 PM
AGS ended a while ago...
Yes. I want to point out he should use PTS/AGS snapshot instead of PTS alone.
Quote from: clayop on September 26, 2014, 08:16:55 PM
Quote from: toast on September 26, 2014, 08:14:45 PM
AGS ended a while ago...
Yes. I want to point out he should use PTS/AGS snapshot instead of PTS alone.
Just to be clear that it also honors AGS or what?
AGS snapshot could have happened yesterday and it would be the same.
Quote from: toast on September 26, 2014, 08:18:22 PM
Quote from: clayop on September 26, 2014, 08:16:55 PM
Quote from: toast on September 26, 2014, 08:14:45 PM
AGS ended a while ago...
Yes. I want to point out he should use PTS/AGS snapshot instead of PTS alone.
Just to be clear that it also honors AGS or what?
AGS snapshot could have happened yesterday and it would be the same.
You're correct. But if AGS is not mentioned, who knows that AGS snapshot will be taken? (In the worst case scenario, no AGS snapshot can be taken) Thanks to cob, he clarified the AGS snapshot.
Quote from: cob on September 26, 2014, 07:48:51 PM
Make sure you have your PTS out of the exchanges and into your wallets by october 10th 2014 at midnight.
So the first second of October 10th 2014 is when the snapshot will be taken.
This is GMT (Greenwich Mean Time) time zone, or UTC (Coordinated Universal Time) we are talking about here.
Keep in mind the BitShares PTS confirmation time is pretty slow and random. So don't wait until the last second to act or your PTS might not have been included in a block in time for the snapshot.
As for the NOTE allocation at Genesis block, this is to be announced during the weekend. This post will be updated with the relevant thread. Keep you eyes on the forum!
Edit: to clarify. AGS is also getting a stake in the music DAC of course. Only no action is required by AGS holders since the AGS donation campaign ended already. They cannot be sold, nor purchased.
cob, is this for music dac?
Great news. Looking forward to the Music DAC!
Quote from: clayop on September 26, 2014, 08:39:33 PM
Quote from: toast on September 26, 2014, 08:18:22 PM
Quote from: clayop on September 26, 2014, 08:16:55 PM
Quote from: toast on September 26, 2014, 08:14:45 PM
AGS ended a while ago...
Yes. I want to point out he should use PTS/AGS snapshot instead of PTS alone.
Just to be clear that it also honors AGS or what?
AGS snapshot could have happened yesterday and it would be the same.
You're correct. But if AGS is not mentioned, who knows that AGS snapshot will be taken? (In the worst case scenario, no AGS snapshot can be taken) Thanks to cob, he clarified the AGS snapshot.
a snapshot is only needed, because every day PTS is traded and so ownership is transfered. AGS is fixed.
Hi .. I just want to clarify one thing... you said "Make sure you have your PTS out of the exchanges and into your wallets", is this means no Music Notes will be honored to those addresses belong to exchanges?
they wille be honoured .. howecer you will not be able to redeem them but the exchange will
Quote from: springlh on September 26, 2014, 10:19:46 PM
Hi .. I just want to clarify one thing... you said "Make sure you have your PTS out of the exchanges and into your wallets", is this means no Music Notes will be honored to those addresses belong to exchanges?
To claim your NOTES you need to import the private key for the address that has the PTS at time of snap shot. If your money is on an exchange you do not have the private keys and therefore nothing to import.
What will the distribution be? 10% AGS / 10% PTS still?
When will the pre-sale begin?
pts rally price near 0.01 btc per 1 protoshare
and btsx pump up to.
so good
Ya, guess I'm not the only one that liked the white paper. BTC38 on the CNY:PTS pair is getting ALL the action.
(http://i.imgur.com/9wZycJo.png)
PTS rears its head!
Two in the Top Ten.
Thanks Cob and Eddie.
Let's make it three!
(http://i.gyazo.com/943c9ad4ea5a3b65b661cfa0f8fefbf0.png)
Great！
We need more...
:)
Which is the next one ?
DNS or Vote?
Quote from: Overthetop on September 27, 2014, 03:49:35 AM
Which is the next one ?
DNS or Vote?
These snapshots have been taken already!
Quote from: xeroc on September 27, 2014, 09:36:47 AM
Quote from: Overthetop on September 27, 2014, 03:49:35 AM
Which is the next one ?
DNS or Vote?
These snapshots have been taken already!
I mean which one will run into TOP 10 next after PTS...
:)
Quote from: Overthetop on September 27, 2014, 12:13:38 PM
Quote from: xeroc on September 27, 2014, 09:36:47 AM
Quote from: Overthetop on September 27, 2014, 03:49:35 AM
Which is the next one ?
DNS or Vote?
These snapshots have been taken already!
I mean which one will run into TOP 10 next after PTS...
:)
(http://i9.photobucket.com/albums/a55/WildeRebellion/Gifs/tumblr_lspn1k0E7R1qkrgo6o2_500.gif)
Quote from: Riverhead on September 26, 2014, 11:26:28 PM
Quote from: springlh on September 26, 2014, 10:19:46 PM
Hi .. I just want to clarify one thing... you said "Make sure you have your PTS out of the exchanges and into your wallets", is this means no Music Notes will be honored to those addresses belong to exchanges?
To claim your NOTES you need to import the private key for the address that has the PTS at time of snap shot. If your money is on an exchange you do not have the private keys and therefore nothing to import.
Exactly.
Quote from: MeTHoDx on September 26, 2014, 11:57:19 PM
What will the distribution be? 10% AGS / 10% PTS still?
No, a few massive changes were made in the way future DACS might be launched. We will be testing out the new method. Details to come within the next 48hours.
Will we be able to buy BitShares Music in BTSX?
Quote from: bluebit on September 27, 2014, 08:49:31 PM
Will we be able to buy BitShares Music in BTSX?
no
btw.. the questions is just wrong. should have been
weill we be able to buy notes (from bitshares music) in BitsharesX (paying BTSX or bitUSD)
BTSX = tokenin bitsharesx
bitUSD = token pegged to USD
BitSharesX = DAC/blockchain
Note = token in bitshares music
bitshares Music = DAC/blockchain
Is it possible to snapshot bitPTS that exists in the bitshares-x system?
Edit: (posted this to reddit too, but this is probably a better place to discuss this):
QuoteI understand that bitshares-x is just one DAC, but i'm unsure as to whether future DACS created by the same developers that created BTSX will only snapshot PTS/AGS for initial distribution of the new DAC, or if a snapshot of BTSX will also be taken.
I've been looking into PTS/AGS - AGS was a once off developer fund so you can only really buy PTS in order to get a share of the next new DAC without buying the new dac coins from an exchange.
What's worse is that PTS is a proof of work cryptocurrency that whilst once was a cpu only crypto, is now a GPU minable crypto using semi-untrustworthy mining software. Why hasnt PTS been upgraded to DPOS yet? People are kinda saying that PTS has been abandoned..
Wouldn't DPOS make more sense? As we would see the newly created DACS becoming the most trusted delegates, which would in turn help fund core development of DACS?
http://wiki.bitshares.org/index.php/BitShares_Social_Consensus
The social consensus states that 10% goes to PTS, 10% goes to AGS minimum, but couldnt another 10% go to BTSX holders?
So I got me some PTS and want to make sure I don't mess this up.
What I'm suppose to do is download this wallet
https://github.com/BitShares/BitShares-PTS/releases
and put them in before Oct. 10th, right?
And is this the latest wallet, it says it's from Feb 17?
Quote from: Mysto on September 28, 2014, 09:26:18 PM
So I got me some PTS and want to make sure I don't mess this up.
What I'm suppose to do is download this wallet
https://github.com/BitShares/BitShares-PTS/releases
and put them in before Oct. 10th, right?
And is this the latest wallet, it says it's from Feb 17?
Or you could diversify and leave some on BTC38, they said they would honor the snapshot. The benefit of having some there is that they may allow trading BEFORE the actual product is out. So if you are going to need some of that money, it might come in handy. Same thing happened with BTSX. I haven't heard from BTER and whether they would honor it as well but most likely yes.
Quote from: Mysto on September 28, 2014, 09:26:18 PM
So I got me some PTS and want to make sure I don't mess this up.
What I'm suppose to do is download this wallet
https://github.com/BitShares/BitShares-PTS/releases
and put them in before Oct. 10th, right?
And is this the latest wallet, it says it's from Feb 17?
*confirmed*
*confirmed*
wallet is not updated too often as devs are busy working on the better blockchain tech ;-)
Ah that makes sense thank you guys!
I would suggest to sticky this thread and also put one in the general discussion thread. Not everyone will see this buried about the snapshot date.
On the website it says the following:
"his allows for micro transactions which in turn allows the free flow of funds from fan to artist without anyone in the middle taking a huge cut."
I would remove the word "huge" because this makes it sound like PeerTracks takes a cut, but just a small one. When actually, to the best of my knowledge, it doesnt take any cut.
The website doesn't say anything about AGS. Doesn't make it clear what % goes to PTS and what is actually issues. Very confusing.
Says 1.5B shares, but is that total or just from the crowdsale?!
Quote from: bitmeat on October 06, 2014, 03:40:05 AM
The website doesn't say anything about AGS. Doesn't make it clear what % goes to PTS and what is actually issues. Very confusing.
Says 1.5B shares, but is that total or just from the crowdsale?!
See here,
http://www.bitsharesmusicfoundation.org/
"Distributed Issuance"
Just some quick napkin math that I did:
5 million daily x 60 days = 300 million NOTES presale
Presale is 20%, so:
300 million / 0.20 = 1.5 billion (1500 million) NOTES total
AGS/PTS each get 35% as stakeholders, so 525 million NOTES each.
You can calculate the amount you would get based on angelshares:
525 million * (your AGS) / (1,000,000) (2,000,000) = your angelshare NOTES
Edit: Forgot that there were 2mil AGS :P Thanks clayop
Quote from: pariah99 on October 06, 2014, 06:05:32 AM
525 million * (your AGS) / (1,000,000) = your angelshare NOTES
/ (2,000,000)
So it means
1 AGS = 262.5 Notes
1 PTS = ± 298 Notes
Correct me if I'm wrong.
Let's see how it all plays out. So glad to be an original investor.
how do i take a snapshot of my pts wallet for the notes share?
Quote from: yoshiwatusi on October 07, 2014, 08:51:39 PM
how do i take a snapshot of my pts wallet for the notes share?
keep them in a wallet you control the private key
or
hold them in an exchange who are honoring the snapshot
as far as i know - bter and btc38 are honoring the snapshot (they will do the work for you, but you have to trust them)
Quote from: Shentist on October 07, 2014, 08:53:44 PM
Quote from: yoshiwatusi on October 07, 2014, 08:51:39 PM
how do i take a snapshot of my pts wallet for the notes share?
keep them in a wallet you control the private key
or
hold them in an exchange who are honoring the snapshot
as far as i know - bter and btc38 are honoring the snapshot (they will do the work for you, but you have to trust them)
thank you.. and that's all I need to do? so how then will I claim Notes after with my PTS wallet.. sorry, new to this.. haven't had experienced snapshot before
Quote from: yoshiwatusi on October 07, 2014, 08:59:14 PM
thank you.. and that's all I need to do? so how then will I claim Notes after with my PTS wallet.. sorry, new to this.. haven't had experienced snapshot before
The snapshot takes a point-in-time picture of all the balances of every address in the PTS blockchain. The new blockchain genesis block has all those balances added and signed with the public key. The only way to claim them is with the private keys from those addresses.
When it's time to claim you can either:
1) Dump all the private keys in your PTS wallet (don't forget the change addresses) and import them one at a time.
Or the easy way:
1) The client should have the ability to read your wallet.dat file of your BitShares-PTS. It will ask you the passphrase to unlock the wallet and then cycle through all the private keys claiming your Notes.
Once either method is complete send your Notes back to yourself so they have "moved" off the genesis block. Make sure your music wallet is backed up because once you do this step there will be no re-claiming if you lose it.
Quote from: yoshiwatusi on October 07, 2014, 08:59:14 PM
thank you.. and that's all I need to do? so how then will I claim Notes after with my PTS wallet.. sorry, new to this.. haven't had experienced snapshot before
You will be asked to import the private key for the address that held the address during snapshot..
in the case of PTS wallet you can import the wallet.dat file (given the passphrase)
it's the same as with btsx:
http://wiki.bitshares.org/index.php/Bitshares-x-how-to#Attempting_a_wallet_import_to_receive_BTSX_from_February_28th_snapshot
thank you Xeroc and Riverhead!
how do i see my pre-sale note balance? is it available right now?
Quote from: kickky on October 09, 2014, 02:16:36 PM
how do i see my pre-sale note balance? is it available right now?
http://www1.agsexplorer.com probably will support this in near future .. but currently I know of no site that does this
This feature will be on agsexplorer.com very soon.
Sent from my iPhone using Tapatalk
I have PTS in my BitShares PTS wallet.
Thing is I haven't got any SnapShot(? sorry I'm new...).
I have it before Oct 10th. However I got some SnapShot on my Bter wallet.
so How can I check or get my snapshot in my BitShares PTS wallet?
Thanks :)
Quote from: carpediemboy87 on October 12, 2014, 01:04:03 AM
I have PTS in my BitShares PTS wallet.
Thing is I haven't got any SnapShot(? sorry I'm new...).
I have it before Oct 10th. However I got some SnapShot on my Bter wallet.
so How can I check or get my snapshot in my BitShares PTS wallet?
Thanks :)
https://bitsharestalk.org/index.php?topic=9941.0
Quote from: onceuponatime on October 12, 2014, 06:29:10 AM
Quote from: carpediemboy87 on October 12, 2014, 01:04:03 AM
I have PTS in my BitShares PTS wallet.
Thing is I haven't got any SnapShot(? sorry I'm new...).
I have it before Oct 10th. However I got some SnapShot on my Bter wallet.
so How can I check or get my snapshot in my BitShares PTS wallet?
Thanks :)
https://bitsharestalk.org/index.php?topic=9941.0
Thank you so much!
I just wondered coz I already have in my Bter wallet but not in PTS wallet.
Are there any exact number yet for the distribution of NOTE?
How many NOTES are PTS/AGS/... holder entitled to? Not the percentage but actual numbers
Quote from: Bitty on January 28, 2015, 06:38:03 AM
Are there any exact number yet for the distribution of NOTE?
How many NOTES are PTS/AGS/... holder entitled to? Not the percentage but actual numbers
Quote from: onceuponatime on October 09, 2014, 03:20:13 AM
quoted from:
https://bitsharestalk.org/index.php?topic=9387.30
Just some quick napkin math that I did:
5 million daily x 60 days = 300 million NOTES presale
I
Presale is 20%, so:
300 million / 0.20 = 1.5 billion (1500 million) NOTES total
AGS/PTS each get 35% as stakeholders, so 525 million NOTES each.
You can calculate the amount you would get based on angelshares:
525 million * (your AGS) / (1,000,000) (2,000,000) = your angelshare NOTES
Edit: Forgot that there were 2mil AGS :P Thanks clayop
« Last Edit: October 06, 2014, 08:26:11 AM by pariah99 »
*******************************************************
So it means
1 AGS = 262.5 Notes
1 PTS = ± 298 Notes
Correct me if I'm wrong.