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Messages - alphaBar

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General Discussion / Re: [ANN] BitShares PTS - new chain is launched!!!
« on: December 19, 2014, 03:41:19 am »'s a coin, it's dpos, it's sharedrop, it's non-inflation, it's upgrade, it's endorsed by Bytemaster, it's no pre-mine (even though all are owned already), it's where new DAC's will gift you shares. Gotta drum up some buzz to create dat market.

You had me in the beginning but by the end you crafted a fairly compelling PTS slogan. Not sure where the pump and dump fits in, but the competitive advantages you listed here are spot on!

* The original sharedrop token - check
* DAC-agnostic implementation of DPoS - check
* Provably fair 100% proof of work distribution - check
* Deflationary protocol - check


General Discussion / Re: [ANN] BitShares PTS - new chain is launched!!!
« on: December 18, 2014, 07:48:03 am »
Can we get a mac version please?

I'm with you - cube is working on it!

BitShares PTS / Re: PTS vs BTS Snappshotting
« on: December 17, 2014, 08:39:45 pm »
Sounds like the rebirth of PTS is a bunch of fucking criminals trying to pull off a scam.
Jog on, PTS is dead.

I am very sorry to see that you have nothing better to do than disparage the hard work of others. We all know that Dan, Stan, Testz, the exchanges, delegates, and service-providers would not support "criminals trying to pull off a scam." This was simply a badly needed upgrade away from the PoW chain which was producing literally 1 block per day. No change to the allocation whatsoever. I'm sorry to disappoint, but I hope you will find a good hobby to pass the time. In other words, go fly a kite.

Is there an OSX client available?

Best regards

Not yet, but we're working on it.

BitShares PTS / Re: pts-bitshares price?
« on: December 17, 2014, 08:12:59 am »
I see the old BTS-PTS listed on CMC for a very low price.  Will the new BTS-PTS be listed?

Yes, they are using the new price with the old supply. I've messaged Gliss about this...

Technical Support / Re: PTS December 14th Snapshot
« on: December 17, 2014, 12:07:58 am »
Doesn't look like bter has done yet, any word?

They are building the new wallet now. We had to ask exchanges to hold until the transaction malleability fix was merged from BTS 0.4.26.

Would love an update about your project so I can add it to the Stan newsletter.

What is the deadline for submitting this?

BitShares PTS / Re: bter snapshot
« on: December 16, 2014, 10:48:17 pm »
when is going to change pts? now can see this 2 different pts same number

BitShares PTS    
Dec.14.14 PTS_S8    

in poloniex work is done can trade new pts

I believe they are implementing now. Should be available shortly.

Technical Support / Re: PTS December 14th Snapshot
« on: December 16, 2014, 04:24:35 pm »
Doesn't look like bter has done yet, any word?

They are building the new wallet now. We had to ask exchanges to hold until the transaction malleability fix was merged from BTS 0.4.26.

BitShares PTS / Re: PTS vs BTS Snappshotting
« on: December 16, 2014, 02:58:25 pm »
We already had the snapshot drop to end all snapshots, but now we have the walking zombie PTS as well. What we need is a new Social Consensus. A BTS drop is most important, since that represents most of the community now, but it could also include the new PTS as well as AGS to balance that. Hey, maybe you'd throw MUSIC and PLAY drops in there too! Anyone want to commission a poll?

I had this suggestion

I was going to suggest that. Both AGS and PTSers represent the sharedrop group which follow BTS. Unifying them gives a wider representation and makes it tempting for future developers to sharedrop on.

I would even extend it to make it 30-40% PTS, 30-40% AGS and distribute the remaining among other 2.0 projects like NXT, XCP, NEM etc. The NEM shareholder list in particular is quite interesting as it covers most of the Bitcointalk group.

In this way we make it easy for any developer to have an easy sharedrop target. I would even go ahead and ditch the 20% and ask for 'only' 10% to fulfill the social consensus. The idea is to make this as attractive as possible as a sharedrop target and would benefit us all in the long run.

Of course, alphabar and co. doesn't want to consider anything else, they seem to think that projects are just lining up to sharedrop on PTS. In anycase, IMO DPoS PTS defied the social consensus and have no right to try and preach others about that.

This is just plain wrong - you are latching on to some obsolete information. First you claim that PTS should simply be absorbed by BTS and die (which would be a clear violation of the social consensus), then you point the finger at us for violating the social consensus (!). Early on Dan did initially propose that the merged BTS may "absorb" PTS, but this was simply a proposal. We see proposals every day in this forum. Can we simply label one of them as fact and pretend that it must be so?

As for your claim that we should sharedrop to AGS, this was discussed at length. PTS is not a "new DAC" - it is simply an upgrade to the existing PTS chain with no modification to the allocation. Messing with the allocation would be a violation of the social consensus as it would skew the sharedrop percentages of future DACs and would pollute the separate but overlapping demographics of each sharedrop instrument (PTS and AGS). And just to hammer the point, the AGS holders who donated to the AGS fund with PTS were refunded all of their AGS and are in a position to profit more than any single group.

BitShares PTS / Re: PTS vs BTS Snappshotting
« on: December 15, 2014, 10:58:38 pm »
If you think the issues with BTS snapshots are complicated now just wait until things really get rolling.

Let's say BTS has a multi billion dollar market cap, a thousand UIAs, hundreds of millions of BTS locked up in collateral and cold storage, institutional investors owning large stakes in BTS, etc.

Now something like PLAY or MUSIC comes along and wants to AirDrop to an engaged crypto community. Is BTS the best answer? I think it'd be an absolute nightmare.
So litterally the only purpose of the new PTS is to act as a crypto that can be snapshotted?
Well.. so can any other crypto (excluding BTS). And are you stating that BTS will not be used for snapshots on behalf of the BTS community? Will my previous PTS not be merged into BTS now? What on earth are you pulling here?!

Sharedropping has a lot to do with your target demographic. PTS will continue to operate as a sharedrop instrument according to the social consensus. Furthermore, PTS is the first coin having the following properties: (1) deflationary DPoS token ideally suited for use as a currency-DAC, (2) ideal sharedrop instrument due to 100% PoW distribution and no premine or allocation tampering, (3) reference implementation of the Bitshares Toolkit (easy-to fork, 3rd party DAC community support, DAC-agnostic features such as "import by signed msg" which was recently shipped, etc.).

General Discussion / Re: [ANN] BitShares PTS - new chain is launched!!!
« on: December 15, 2014, 04:47:35 am »
congratulations on the first DPOS-"coin" :)

can you add final distribution/sharedrop to your OP and what you finally did with "unmined" coins?
just so we have something to point people to

Thank you! Post is edited to include specs. We did not modify the allocation at all and did nothing with "unmined" coins.

Long answer: Mining reward represents payment from shareholders for the service of block confirmation. Now that mining will cease there is no service to pay for. Even today miners have largely abandoned the PoW chain, so it seems there was not much incentive for either party. DPoS was designed specifically to fix this flawed incentive structure. One fundamental point of differentiation between PTS and business DACs such as BTS is that PTS will be non-dilutionary from the first day. We do not wish to replicate the business model of BTS, which is directed towards disrupting a variety of industries and requires an aggressive monetization strategy (ie, dilution). Our strategy is to be a stable unit of account, launching pad for new DACs, and DAC-agnostic sharedrop instrument. Cheers.

General Discussion / [ANN] BitShares PTS - new chain is launched!!!
« on: December 15, 2014, 04:29:22 am »
The new DPOS-based PTS chain has just signed its first blocks!

Block times are still a little irregular, but will stabilize once all delegates have their gear up and running.

Linux packages:
Windows build:

Thanks to all forum members for their support, and special thanks to our initial delegates!


Edit: Specifications

* 10 second block confirmation (!)
* Supply will be scaled to 1,000,000,000 (1 Billion) PTS
* Absolutely no inflation or dilution of the supply, now or ever
* Current PTS-holders will receive their exact proportion of stake in the new chain as of the snapshot date


Is there any plans for BTER to publicly assure us they will honor the snapshot?  With Play and Music, they posted a message above the trading pairs.

Agreed there should be a public announcement. Sent a request and awaiting an response from freeworm on this.


* December 14th snapshot date is approaching
* WARNING: Move your funds to your local wallet as some exchanges do not honor snapshots (i.e., Cryptsy)
* Block production in the current PoW chain is SLOW. Transfer funds now (with appropriate fee) to make sure you catch a block.
* Dry Run #2 is announced:

Fellow PTSers,

As the PTS upgrade approaches, in order to ensure that your stake in the new chain is honored you are advised to store your funds in a secured wallet on your local machine. BTER has privately assured us that they will be honoring the snapshot, but other exchanges (specifically cryptsy) may not. As always, the safest route is to maintain control of your own private keys.

One important thing to note is that the current PoW chain is barely producing blocks (~ 1-2 blocks per day). You only need 1 confirmation to be counted in the snapshot, but you will need to move your funds immediately to ensure that they confirm.

Announcement thread:

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