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General Discussion / Re: BTSX for Dummies
« on: July 24, 2014, 08:00:03 pm »
Backup the wallet: https://bitsharestalk.org/index.php?topic=5874.0
oj.. just done..
but when i have my .json wallet backup file how to restore it?
thank you
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Backup the wallet: https://bitsharestalk.org/index.php?topic=5874.0
You can not deposit right now your BTSX to any exchange because nobody has a BTSX wallet with valid BTSX address.(that includes exchanges and individuals)
You must wait the announcement of the original BTSX chain and then download the wallet from bitshares.org (the wallets on existence right now are only test/beta wallets with XTS "fake"coins)
The exchanges have made only tradable the number of BTSX they will receive in future because their customers had PTS there on the snapshot day 28/2/2014(so they know allready how much BTSX they will receive) . So right now we are talking about IOUS and not real BTSX. Even if you buy BTSX from the exchanges you will not have the option to withdraw them for the exact same reasons(only after BTSX is official out).When day is come you will get the correct number of BTSX (scaled up x500) on your personal BTSX wallet and then you can sent them where ever you want.... (correct me please if I am wrong toast)
Just think of it in terms of %. So yes, all balances everywhere will be scaled up.
That would be great to people who trusted you by holding their PTS whose value dropped
There is a aptly named sticky thread: BitShares X Status Update Thread 2.0, which last post suggestedQuoteInitial testing shows that aside from some user interface and RPC updates BitShares XT is very close to being able to launch making the Feb 28th snapshot liquid.
Hi for the time being, if you are using ubuntu you can follow this intructions to build it in the post below, also if compiling from scratch is not your thing, I will put daily build links in that post.
[url]https://bitsharestalk.org/index.php?topic=3216.0]https://bitsharestalk.org/index.php?topic=3216.0][url]https://bitsharestalk.org/index.php?topic=3216.0[/url]
Correct me if I'm wrong but if now since the total hashing power of the PTS network is dropped significantly, will difficulty not auto adjust down at the next retarget? So all miners should just chill for a month and come back mid-April. (Obviously keep some seed nodes up.)from specification...
if so it'is better to get btc for pts now without wait for the opportunity to redeem bitshareX after 20 frebruary?
get some more argument to decide to us!!!
ty
unosoiondovo, I'm planning to do a little of both. I don't have enough cash to bet everything on BitsharesXT, so I'll sell some of my PTS right before 28 February, and then re-invest some of that money in PTS once the price crashes. That way, I get some BitsharesXT, but I also get a chance to invest very cheaply in future Invictus projects.
If the PTS price really crashes after 28 February, that suggests that people view BitsharesXT as a very strong bet, so the Bitshare price will probably rise very quickly in the first few days. So if all you want is BitsharesXT, it shouldn't matter very much whether you buy them now (by buying PTS) or after 28 Feb (by buying BTS directly). In fact, the only good reason to wait to buy after 28 Feb is that you'll get to see if BTS works and save your money if it fails. I think we can all agree that if BTS works, i.e., if BitUSD really tracks fedUSD, that it will become very valuable very quickly.