Quote from: Riverhead on November 11, 2014, 03:10:35 pm

Quote from: pc on November 09, 2014, 08:19:35 pm

The plan, in general, is to upgrade the existing PTS to a DPOS chain. That means that all transactions in the old chain must be honoured, up to a yet-to-be-announced point in the future. Using the Nov-5 snapshot simply doesn't make any sense.

 

It would just be giving back PTS to those that sold after the snapshot so that they could sell it again.

Can't existing POW PTS be sent by users to a 'proof-of-burn' address in order to receive new DPOS PTS?

If a burn address were used it would be a way to increase the value of the new DPOS PTS:

• It removes potential competition - what if someone else decided to 'revive' the old POW PTS in a slightly different way? It's harder for them if a load of it's been burned already.
• DPOS PTS hodlers have demonstrated some kind of commitment to it by burning the old PTS.
• DPOS PTS hodlers have also had to invest in it (in a way) by having to think about it and make a conscious decision.

The above points make it a bit more viable and therefore more valuable.

Other advantages of proof-of-burn:

• Because action is required to claim DPOS PTS, it means that all hodlers are currently active. That is to say, it could clear out 'lost', inactive or exchange-owned PTS
• Erm...

If it were to be done from a snapshot we would then have the old POW PTS remaining. This could go on ad infinitum. Dumping, keeping, buying, other devs reviving the old, old PTS with a different feature...101 different versions of PTS. I'm sure some people would say this is fine - let there be competition. I think it'd be too messy.

Wouldn't proof-of-burn bring more clarity and finality to the situation?

Quote from: BTSTV on November 11, 2014, 04:57:00 pm

You guys are up 300% on your investment now.

It looks like the market thinks that the first D(deflationary)DPOS will actually be a profitable little brother of BitShares.  And what's more, it could be our dangerous Libertarian black sheep twin that takes the controversial political stance while we take the more politically correct route.  They can do BitBud and all of those off limits BitAssets that we don't want to vote for.

Is this a joke? Which exchange has this coin ?

Sure, let people do what they want.  It's a partly-free country ( )...but keeping the same name would be dishonest IMHO because it is not the same "coin" and doesn't represent the same value proposition.

erm.. why?.. Surely the point of the new DACs' interest in honoring anything, is having the wider community embrace it?
Surely it's better just to keep it simple and honor BTS, as that will be where the majority of people will be, both new and old?

Quote from: biophil on November 09, 2014, 05:19:22 pm

The simple answer is that No, PTS is not useless. However, it's not quite clear what PTS is: there is a team of people trying reboot a DPOS version of PTS, but they haven't decided whether they're going to use a snapshot of PTS from November 5th or whether they're going to use a future snapshot.

Although I'm not quite authoritative wrt the snapshot question, I'm *very* certain that we're going to use a future snapshot.

The plan, in general, is to upgrade the existing PTS to a DPOS chain. That means that all transactions in the old chain must be honoured, up to a yet-to-be-announced point in the future. Using the Nov-5 snapshot simply doesn't make any sense.

Quote from: biophil on November 08, 2014, 07:46:55 pm

Hey erick, did you ever get this working? I see this thread was from a while ago, but if you're still around I'd love to see what you learned.

This is what I'm doing:

1. Run `bitshares_client` with the `--server` and `--httpport` flags set:

Code: [Select]

$ ./bitshares_client --server --httpport 9989
2. To communicate with json-rpc, use curl:

Code: [Select]

curl --user `grep rpc_user ~/.BitSharesX/config.json | cut -d ":" -f 2 | tr -d " \",\n"`:`grep rpc_password ~/.BitSharesX/config.json | cut -d ":" -f 2 | tr -d " \",\n"` --data-binary '{"method":"about", "params": [], "json-rpc": 2.0, "id": 0}' -H 'content-type: text/plain;' http://localhost:9989/rpc

I get snapshot from my funds that will be vesting in BTS as well?