Distribution At Block 32000 - MemoryCoin 2.0

[RejectKid]

Couple questions.  Is there any documentation on this? or a seperate wallet? webiste?  those sorts of things?

Also how do you obtain the private key that you're speaking of?

It's a separate altcoin/DAC - separate wallet, website etc. The private key will be derivable from your PTS private key.

sorry if it's a nub question.  But how would one go about getting their PTS private key?  like I know I have several wallet addresses but this private key I'm not to keen on. 

[arubi]

Is it not possible to map public PTS addresses to public MC2.0 addresses, then just import your private key from Protoshares on the MC2.0 wallet?

no 3rd party necessary

[Gekko]

For maximum safety, you should wait until after block 32000, then transfer your balance to a new ProtoShares address. Then use your old private keys to access your MemoryCoin balance.

That seems a litte... cumbersome, at least. I hope such things won't be necessary in future ProtoShare developments!
Isn't that a design fault? Or is it necessary because of how beta ProtoShares (MemoryCoin?) still is? What has my PTS private key to do with anything else than my PTS wallet?

[FreeTrade]

https://bitcointalk.org/index.php?topic=267522.0

If its based on the old coin which didnt work out, what are you adding to it to make it work this time?

There's some discussion near the end of that thread on the differences that I hope will make the differences. I don't want get off-topic into a general discussion on MC2.0 here.

[FreeTrade]

Isn't revealing our private key dangerous? Wouldn't someone with my private key be able to spend all my coins?

Yes, it would be, so it is not required that you communicate your private key to anyone.

For maximum safety, you should wait until after block 32000, then transfer your balance to a new ProtoShares address. Then use your old private keys to access your MemoryCoin balance.

The above steps will protect you against the possibility that the altcoin wallet is a trojan trying to collect private keys. You'll also be review the source code and compile it. There's no hurry, so don't feel rushed about any of these steps.

[fav]

Isn't revealing our private key dangerous? Wouldn't someone with my private key be able to spend all my coins?

correct.

I won't risk it for an altcoin.

[que23]

Isn't revealing our private key dangerous? Wouldn't someone with my private key be able to spend all my coins?

[ebit]

good

[stuartcharles]

Just had a read of the thread on bitcoin talk

https://bitcointalk.org/index.php?topic=267522.0

If its based on the old coin which didnt work out, what are you adding to it to make it work this time?

[bahamapascal]

Wow, this is some interesting news
That should be beneficial for both coins, I guess we will be seeing a price increase in the next day or so

[Gekko]

I see. Quote from the MemoryCoin Manifesto:

It is based on the Bitcoin code, but with some key differences.

Sorry, but the first things that come to my mind are: dispensable, superfluous, redundant, unnecessary. Just like most of the other altcoins.
On the other hand... just for making first steps with ProtoShares, for playing around, pump and dump... why not.

[FreeTrade]

Couple questions.  Is there any documentation on this? or a seperate wallet? webiste?  those sorts of things?

Also how do you obtain the private key that you're speaking of?

It's a separate altcoin/DAC - separate wallet, website etc. The private key will be derivable from your PTS private key.

[FreeTrade]

More detailed information will be available on the coin's launch, with a 1 week period where block rewards are phased in. It'll be somewhat similar to the original MemoryCoin, so if you can't wait, you can read about that on the BitCoinTalk forum thread.

For now I just really wanted to advise ProtoShares holders of the distribution block - 32000, by my calculations this should be in 2 or 3 days time.

[Gekko]

What is MemoryCoin (2.0) for?

[stuartcharles]

Great news Freetrade this will help us see some rise in PTS value, however, i havent got a clue what memory coin is benefits ect can you edit the opening of your topic to let holders and potential investors know what they are supporting/buying into?