Author Topic: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement  (Read 81968 times)

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Offline donkeypong

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #120 on: December 05, 2014, 05:52:05 am »
I did not start it...donkey did.


Donkey made no statements, only posed questions, with the intent of eliciting the details of Tonyk's views.

zerosum

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #121 on: December 05, 2014, 06:28:38 am »
I did not start it...donkey did.

Donkey made no statements, only posed questions, with the intent of eliciting the details of Tonyk's views.

Slick* as always... :)


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Offline pc

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #122 on: December 05, 2014, 08:59:16 am »

God knows I have about 750 pointless posts...but this one rivals them gooooooooood.

I was answering TanFan's question... how is that pointless?
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Offline BTSdac

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #123 on: December 06, 2014, 01:51:05 pm »
Bitshares PTS Mandatory upgrade? This is misleading at best and deliberately fraudulent at worst. This is a hard fork, created by a new developer. There's nothing mandatory about it. The idea that you even have the right to use the Bitshares PTS name reeks of an intent to deceive. I suggest you rethink how you're attempting this launch if you want to maintain credibility.

Upgrading PTS to DPOS has been planned for a long time, only nobody at I3 had the time to do it. Our project has the full backing of I3. This is about as official as we can get.

From a purely technical perspective of course we're starting a new chain with a genesis block based on a snapshot from the old chain. There's really no other way to do it. So from a purely technical perspective this is not a mandatory upgrade. You can stay on the PoW chain and see where it leads. Most likely it won't lead anywhere but simply stop in its tracks. And even if you manage to mine a few new blocks you may find it difficult to do anything with your mined coins Therefore, the upgrade is mandatory from an economical perspective.
I have some PTS now . but I don`t think it is a update of PTS,  it is just a fork of bitshares.  though III wanted to update PTS to DPOS, but it was old plan .  III have airdrop BTS to PTS holder, and have announced that did not honour PTS chain.  actually I think our community paid a price for this. in many Chinese investor‘s mind , PTS have dead.
they already sell PTS at low price. if someone bring PTS to live. I don`t know what it mean for our community?


« Last Edit: December 06, 2014, 02:27:28 pm by BTSdac »
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Offline Empirical1.1

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #124 on: December 06, 2014, 02:47:09 pm »
Bitshares PTS Mandatory upgrade? This is misleading at best and deliberately fraudulent at worst. This is a hard fork, created by a new developer. There's nothing mandatory about it. The idea that you even have the right to use the Bitshares PTS name reeks of an intent to deceive. I suggest you rethink how you're attempting this launch if you want to maintain credibility.

Upgrading PTS to DPOS has been planned for a long time, only nobody at I3 had the time to do it. Our project has the full backing of I3. This is about as official as we can get.

From a purely technical perspective of course we're starting a new chain with a genesis block based on a snapshot from the old chain. There's really no other way to do it. So from a purely technical perspective this is not a mandatory upgrade. You can stay on the PoW chain and see where it leads. Most likely it won't lead anywhere but simply stop in its tracks. And even if you manage to mine a few new blocks you may find it difficult to do anything with your mined coins Therefore, the upgrade is mandatory from an economical perspective.
I have some PTS now . but I don`t think it is a update of PTS,  it is just a fork of bitshares.  though III wanted to update PTS to DPOS, but it was old plan .  III have airdrop BTS to PTS holder, and have announced that did not honour PTS chain.  actually I think our community paid a price for this. in many Chinese investor‘s mind , PTS have dead.
they already sell PTS at low price. if someone bring PTS to live. I don`t know what it mean for our community?

I think fuzzy answered it best... https://bitsharestalk.org/index.php?topic=11877.msg156718#msg156718

So PTS can still be a sharedrop token.

Sparkle is giving it 33% of the first SPK https://bitsharestalk.org/index.php?board=80.0

The new PTS is also a no inflation, profitable DPOS like BTSX used to be.

So to me the new PTS is a good sharedrop token and a crypto-currency that is superior to Bitcoin.

Downsides: PTS has no real funding and no direct development support from key talent

Offline Riverhead

Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #125 on: December 06, 2014, 04:47:27 pm »
This is starting to sound like that NXT Forum thread when those idiots were mocking bitAssets.

Believe it or not there is value in things BM is not actively evolved in. I know that's hard for followers of the Church of Larimer but it's true :).

BTS should AirDrop on Litecoin or Ripple and then they'll be nothings too!

As far as I know Satoshi isn't working on BTC anymore so now it's dead. We can be #1 by fiat and AirDrops 8).

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Offline Stan

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #126 on: December 07, 2014, 01:21:44 am »
Seems to me that a state-of-the-art deflationary coin
that has a such strong pedigree
and a long track record
of capturing sharedrops from other state-of-the-art assets
might just give all the other
poor non-state-of-the-art coins
with
no such history
a bit of competition! 

Everybody who still owns such a coin
clearly knows everything
about this technology's potential
and they are the most loyal of the loyal. 
Passionately loyal.

What developer in their right mind would want to attract such a demographic?


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Offline toast

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #127 on: December 07, 2014, 02:04:35 am »
PTS is like a non-stop pump and dump that is obviously morally justifiable and even legitimately useful, but very controversial at first glance. A true innovation!
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Offline hpenvy

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Offline ticklebiscuit

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #130 on: December 07, 2014, 03:23:31 am »
Heh..
That is good stuff.

Offline fran2k

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Witness: rmglab /// Buenos Aires BTS Meetup http://www.meetup.com/es-ES/BitSharesBA/ /// [old BTS 1.0 chain] Delegate bitshares-argentina (ex argentina-marketing-matt608) Thread https://bitsharestalk.org/index.php/topic,15781.0.html

Offline alphaBar

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #132 on: December 08, 2014, 06:49:15 pm »
Windows GUI wallet for Dry Run #1 is released: https://github.com/PTS-DPOS/PTS/releases

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #133 on: December 08, 2014, 07:41:54 pm »
I mentioned in the dry run thread but this place is appropriate.

Since you are using the BTS toolkit to make your DPoS PTS, you should honour the social consensus and award at least 10% to AGS. If you don't you are starting off by breaking it itself and setting an example.

Offline biophil

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #134 on: December 08, 2014, 07:46:27 pm »
I mentioned in the dry run thread but this place is appropriate.

Since you are using the BTS toolkit to make your DPoS PTS, you should honour the social consensus and award at least 10% to AGS. If you don't you are starting off by breaking it itself and setting an example.

This would be inconsistent with the idea that this is an upgrade to PTS. DPOS PTS is not a new DAC.

Or at least that's the story I expect the DPOS people to adhere to.

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