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BitShares PTS / Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« on: December 01, 2014, 02:10:16 am »No, I said if you are upgrading you should kill (as in burn) the previous coins. The rest is a mere sharedrop on PTS.
If you do not burn it, it is not your place to decide if it lives or dies..it is not up to you to decide.
Nobody here feels "defrauded" by securing their funds and upgrading to a sustainable consensus protocol, which is all we are doing. If I can't convince you that we're adding value here then you are free not to invest.
Ohh, well I am invested as we speak. You are sharedroping on me....and having some strong opinions on my coin as well... I do not mind the sharedrop, all I am saying is you have no right to say my coin 'will die' after you do your sharedrop.
Ok, I think I understand what you are saying now. Unfortunately there is no mechanism for actually "killing" a decentralized currency (this is by design). Proof of burn is an interesting concept, but ultimately infeasible for a hard fork upgrade (same reason why it was not used in creating BTS or in any hard fork upgrade of any crypto ever). For example, I could create delegates and start mining on the old BTSX chain relatively easily today but that doesn't mean that BTSX isn't dead. Consensus is what ultimately "kills" the coin - just like it did with the dozen different BTSX "coins" before BTS. Fortunately for us, PTS is literally dying on its own, so it probably doesn't need any help from us.
Since you are a PTS holder I imagine you will be quite happy with the result.
Is 190 too high for PTS or does it have potential to go higher?