Is there a BTSX snapshot when BTSX upgrade to BTS?

Started by logxing, October 23, 2014, 11:39:22 PM

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xeroc

Quote from: xxeyes on October 27, 2014, 04:45:55 PM
Please confirm that those of us who have not yet claimed the BitsharesX we are entitled to based on AGS donations can wait and simply claim Bitshares instead once the conversion happens.
For BTSX holders .. nothing changes .. except the program to use :) It's the SAME blockchain ..with a new name ..
short: you can wait this one out and claim later ...

xxeyes

Please confirm that those of us who have not yet claimed the BitsharesX we are entitled to based on AGS donations can wait and simply claim Bitshares instead once the conversion happens.

xeroc

Quote from: 天籁 on October 26, 2014, 05:41:22 AM
Quote from: xeroc on October 25, 2014, 11:11:27 AM
Quote from: mavisjames on October 25, 2014, 03:51:42 AM
@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
So the shorts need not be covered, sure? It is very important!
Official statement



Quote from: bytemaster on October 26, 2014, 10:15:30 PM
Quote from: xeroc on October 26, 2014, 10:13:34 PM
+5%

Can you confirm that shorts do not need to be covered prior to the upgrade?

Confirmed.. BTSX users have nothing to do prior to the upgrade..

bytemaster

Just a name change... BTSX and BitAsset holder have nothing to do.
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.

xeroc


cube

Quote from: xeroc on October 26, 2014, 12:46:13 PM
Quote from: 天籁 on October 26, 2014, 05:41:22 AM
Quote from: xeroc on October 25, 2014, 11:11:27 AM
Quote from: mavisjames on October 25, 2014, 03:51:42 AM
@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
So the shorts need not be covered, sure? It is very important!
If every short has to be covered before the "airdrop" .. would result in the need for ALL bitUSD to be destroyed .. effectively killing the market ..

conclusion: Having the need to cover shorts will kill bitUSD in short term .. make investors angry and people lose money ..

conclusion2: There will surely be no need to cover your short position!! (due to the "merger"/ transition to the superDAC!)

further supportive indications: BTS will be just a software update to BTSX .. nothing more!
all bitAsset balances will be preseverd .. all open orders will be preserved .. no changes will be made to the market engine (unless bugfixes)

From what you are saying, I presume it is a name change 'btsx' to 'bts'. Is that right?
ID: bitcube
bitcube is a dedicated witness and committe member. Please vote for bitcube.

天籁

Quote from: xeroc on October 26, 2014, 12:46:13 PM
Quote from: 天籁 on October 26, 2014, 05:41:22 AM
Quote from: xeroc on October 25, 2014, 11:11:27 AM
Quote from: mavisjames on October 25, 2014, 03:51:42 AM
@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
So the shorts need not be covered, sure? It is very important!
If every short has to be covered before the "airdrop" .. would result in the need for ALL bitUSD to be destroyed .. effectively killing the market ..

conclusion: Having the need to cover shorts will kill bitUSD in short term .. make investors angry and people lose money ..

conclusion2: There will surely be no need to cover your short position!! (due to the "merger"/ transition to the superDAC!)

further supportive indications: BTS will be just a software update to BTSX .. nothing more!
all bitAsset balances will be preseverd .. all open orders will be preserved .. no changes will be made to the market engine (unless bugfixes)
+5%

speedy

Quote from: xeroc on October 26, 2014, 12:46:13 PM
further supportive indications: BTS will be just a software update to BTSX .. nothing more!
all bitAsset balances will be preseverd .. all open orders will be preserved .. no changes will be made to the market engine (unless bugfixes)

Bytemaster has confirmed that already.

xeroc

Quote from: 天籁 on October 26, 2014, 05:41:22 AM
Quote from: xeroc on October 25, 2014, 11:11:27 AM
Quote from: mavisjames on October 25, 2014, 03:51:42 AM
@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
So the shorts need not be covered, sure? It is very important!
If every short has to be covered before the "airdrop" .. would result in the need for ALL bitUSD to be destroyed .. effectively killing the market ..

conclusion: Having the need to cover shorts will kill bitUSD in short term .. make investors angry and people lose money ..

conclusion2: There will surely be no need to cover your short position!! (due to the "merger"/ transition to the superDAC!)

further supportive indications: BTS will be just a software update to BTSX .. nothing more!
all bitAsset balances will be preseverd .. all open orders will be preserved .. no changes will be made to the market engine (unless bugfixes)

onceuponatime

Quote from: Ander on October 25, 2014, 04:50:54 AM
Quote from: feedthemcake on October 25, 2014, 04:48:47 AM
Anyone ask Poloniex and bittrex about honoring?

Send your shares to btc38 or bter imo.


Bter has announcements in the pages for the shares stating they will honor the snapshot and when it is occurring.  Its very nice.

And pay a 1% withdrawal rate later to take out shares?

天籁

Quote from: xeroc on October 25, 2014, 11:11:27 AM
Quote from: mavisjames on October 25, 2014, 03:51:42 AM
@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"
So the shorts need not be covered, sure? It is very important!

xeroc

Quote from: mavisjames on October 25, 2014, 03:51:42 AM
@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?

for BTSX users there will just be a client update .. renaming BTSX to BTS .. all trades .. all bitUSD will just continue to be there .. no major change ..
it's not really a hard "fork" .. more a hard "upgrade"

Ander

Quote from: feedthemcake on October 25, 2014, 04:48:47 AM
Anyone ask Poloniex and bittrex about honoring?

Send your shares to btc38 or bter imo. 

Bter has announcements in the pages for the shares stating they will honor the snapshot and when it is occurring.  Its very nice.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

feedthemcake


mavisjames

@Bytemaster, Are you guys just going to hardfork the current BTSX blockchain or launch a brand new BTS genesis blockchain off the snapshot essentially leaving all BTSX worthless after the snapshot?
Pmp2K9S5t15hTEkrrFk1cfieb2Y2eVR6YG

BTSX ID: mdyyz