BitShares Forum

Other => Graveyard => BitShares PTS => Topic started by: Protoman on December 04, 2013, 06:51:25 pm

Title: What happens to Protoshares in one month?
Post by: Protoman on December 04, 2013, 06:51:25 pm: Afaik, that's when the mining will be over.

Will we have to do something to convert them to BitShares or will that be done automatically...? Or what?
Title: Re: What happens to Protoshares in one month?
Post by: Gekko on December 04, 2013, 06:55:31 pm: Mining is over when ~ 2mio PTS are mined.
AFAIK.
Title: Re: What happens to Protoshares in one month?
Post by: Protoman on December 04, 2013, 06:57:53 pm: Ok so what after that? Do we have to go through some process to convert them?
Title: Re: What happens to Protoshares in one month?
Post by: bytemaster on December 04, 2013, 07:21:20 pm: Quote from: Protoman on December 04, 2013, 06:57:53 pm
Ok so what after that? Do we have to go through some process to convert them?

Nope, just import your wallet into what ever blockchain is honoring them. You do not lose your PTS, you just gain new coins.
Title: Re: What happens to Protoshares in one month?
Post by: pgbit on December 04, 2013, 07:34:21 pm: Quote from: bytemaster on December 04, 2013, 07:21:20 pm
Quote from: Protoman on December 04, 2013, 06:57:53 pm
Ok so what after that? Do we have to go through some process to convert them?

Nope, just import your wallet into what ever blockchain is honoring them. You do not lose your PTS, you just gain new coins.
But, if I understood this right, they can then be imported into every other DAC honoring them too.
Title: Re: What happens to Protoshares in one month?
Post by: Stan on December 04, 2013, 09:53:15 pm: Quote from: pgbit on December 04, 2013, 07:34:21 pm
Quote from: bytemaster on December 04, 2013, 07:21:20 pm
Quote from: Protoman on December 04, 2013, 06:57:53 pm
Ok so what after that? Do we have to go through some process to convert them?

Nope, just import your wallet into what ever blockchain is honoring them. You do not lose your PTS, you just gain new coins.
But, if I understood this right, they can then be imported into every other DAC honoring them too.
Precisely.
Title: Re: What happens to Protoshares in one month?
Post by: FreeTrade on December 09, 2013, 07:21:06 am: Quote from: bytemaster on December 04, 2013, 07:21:20 pm
Nope, just import your wallet into what ever blockchain is honoring them. You do not lose your PTS, you just gain new coins.

Anybody done any work on this import process?

I'm launching MemoryCoin 2 soon, and would like to distribute 1% of the coins to ProtoShares holders.

Just importing a wallet.dat file and the software isn't able to recognize any valid addresses.

Reworking the address shows some promise . . .

   DecodeBase58Check(address,v);
   v[0]=newVersionByte;
   string result = EncodeBase58Check(v);

This creates a valid MemoryCoin address - but I'm not sure there is any way for ProtoShares holders to access it.
Title: Re: What happens to Protoshares in one month?
Post by: FreeTrade on December 09, 2013, 03:20:24 pm: Okay - worked it out, for a ProtoShares public address PXXXXXXXXXXXX

It must undergo this transformation -

DecodeBase58Check(address,v);
v[0]=newVersionByte;
string result = EncodeBase58Check(v);

The Protoshares private key UXXXXXXXXXXXXXXXXXXXXXXXXXX

must undergo the same transformation.

It would probably be sensible for ProtoShares to be able to dumpprivkey with a parameter specifying the versionByte - this will allow it to create private keys that can be used on other DACs