Main Menu

What happens to Protoshares in one month?

Started by Protoman, December 04, 2013, 06:51:25 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

FreeTrade

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
"People should be more sophisticated? How are you gonna get that done?" - Jerry Seinfeld reply to Bill Maher

FreeTrade

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.
"People should be more sophisticated? How are you gonna get that done?" - Jerry Seinfeld reply to Bill Maher

Stan

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.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

pgbit

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.

bytemaster

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.
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Protoman

Ok so what after that? Do we have to go through some process to convert them?

Gekko

Mining is over when ~ 2mio PTS are mined.
AFAIK.

Protoman

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?