How will founder IDs be distributed?

[MarshallDragon]

I guess I missed some 'key' information on this matter. I have posted a query to YPool about this. That is where I controll the PTS Wallet where my mined PTS were initially deposited.

This tweet from Cryptsy is not encouraging however:

" BigVern @cryptsy

We will not be participating in the PTS -> MemoryCoin conversion. If that is something you want, then withdraw to your local wallet.
"

[toast]

RE: Claiming MMC

What if I have never used the PTS QT client at all ?

I mined all of my PTS using a couple of RHEL miners and all of the resulting PTS I contributed for my Founder ID went from Ypool to Crypsy and then on to the PTS wallet I was assigned.

How should I attempt to retrieve said MMC please ?

cheers in advance, and happy new year to all

If you never controlled the private keys, you never really owned the PTS and hence never had a stake in MMC. Sorry =[
(I'm not totally sure how Ypool works, but I assume they hold all the PTS and only send them to you when you ask to withdraw)
You *might* be able to contact Ypool and ask if you could pretty please have some MMC in proportion to how much you held at the time =\

[MarshallDragon]

RE: Claiming MMC

What if I have never used the PTS QT client at all ?

I mined all of my PTS using a couple of RHEL miners and all of the resulting PTS I contributed for my Founder ID went from Ypool to Crypsy and then on to the PTS wallet I was assigned.

How should I attempt to retrieve said MMC please ?

cheers in advance, and happy new year to all

[bytemaster]

Transferring all your PTS to one address just means there is now one private key instead of several that control your shares. If you had them all in one wallet before, then it makes no difference security-wise (well, except that it's easier to brute-force all your shares, but that's not something you should be worried about). Since you already got your MMC there's no need to keep your old private keys around, though they will still be in your original wallet in case you want them for some reason.

As far as your bid goes, it makes no difference. As far as I can tell I3 is just associated your email with the PTS address you sent your coins to.

This is correct, we will provide a tool shortly that will allow you to generate your Brainwallet and the resulting Public / Private key for Keyhotee.   Then you can use your PTS address that we gave you in your email to register your public key with your identity.   We will provide detailed instructions.

[toast]

Transferring all your PTS to one address just means there is now one private key instead of several that control your shares. If you had them all in one wallet before, then it makes no difference security-wise (well, except that it's easier to brute-force all your shares, but that's not something you should be worried about). Since you already got your MMC there's no need to keep your old private keys around, though they will still be in your original wallet in case you want them for some reason.

As far as your bid goes, it makes no difference. As far as I can tell I3 is just associated your email with the PTS address you sent your coins to.

[mf-tzo]

Great staff... I didn't think I could do it and I very happy that I managed to obtain some MMCs with your guidance... Looking forward to Kehotee, bitshares and everything else... I feel very happy that from all the altcoins out there I found about PTS from the beggining...Although unfortunately I did not manage to get many cheap PTS in the beggining...

Final question..Does it matter if i transer all my funds to one adress? Is this safe? Will this affect my original bid for a Kehottee ID? Does this matter in any way?

I will send out some tips for all the help so far...

Pc1Xpa12JgbFPAZS9qLdHMkEsnqzXWpdbQ

[bytemaster]

We will be releasing a version of Keyhotee that will allow you to generate your public/private key.  There will have to be a secondary registration step where you download Keyhotee and generate your ID.   We wanted to have this in your hands earlier, but will just be getting it out this week for Alpha testing.   

The genesis block initialization will be delayed until everyone has an opportunity to send us their public key.

[phoenix]

Everything is very clear now to me. I will try to claim my MMCs later tonight and see what happens. Thank you very much.

Last questions.
1.When I tip someone how would he know that it is coming from me.
2. Qt wallets have something that says sign message. What is this? how do i sign a message? what is the purpose?

Merry Christmas to all and a happy PTS New Year! I really hope that PTS becomes popular like BTC since I have missed that train...

1, They would either have to know the address you were sending it from, or you would have to tell them the transaction ID of the tip
2, Signing a message is a way of proving that you control a specific address. This is mostly used by merchants to request payments

[mf-tzo]

Everything is very clear now to me. I will try to claim my MMCs later tonight and see what happens. Thank you very much.

Last questions.
1.When I tip someone how would he know that it is coming from me.
2. Qt wallets have something that says sign message. What is this? how do i sign a message? what is the purpose?

Merry Christmas to all and a happy PTS New Year! I really hope that PTS becomes popular like BTC since I have missed that train...

[gigamike]

phoenix, JustHayden

thanks for response...so it will be not converted

thank you thank you

Mike

[phoenix]

Guys,

additional question. PTS to MMC is 10PTS:1MMC ?

Currently BTER offers MMC http://bter.com/trade/mmc_btc 1MMC:0.001BTC

But if you check the average range of PTS is 1PTS:0.020BTC

or am i missing something. I invested a lot on PTS

Thanks,

Mike

I believe if you have 10 PTS you get 1 MMC for free, you don't convert 10 PTS into 1 MMC. Not 100% sure about that but that's what I'm guessing.

This is correct

[JustHayden]

Guys,

additional question. PTS to MMC is 10PTS:1MMC ?

Currently BTER offers MMC http://bter.com/trade/mmc_btc 1MMC:0.001BTC

But if you check the average range of PTS is 1PTS:0.020BTC

or am i missing something. I invested a lot on PTS

Thanks,

Mike

I believe if you have 10 PTS you get 1 MMC for free, you don't convert 10 PTS into 1 MMC. Not 100% sure about that but that's what I'm guessing.

[phoenix]

Guys,

additional question. PTS to MMC is 10PTS:1MMC ?

Currently BTER offers MMC http://bter.com/trade/mmc_btc 1MMC:0.001BTC

But if you check the average range of PTS is 1PTS:0.020BTC

or am i missing something. I invested a lot on PTS

Thanks,

Mike

You should still redeem your MMC, because you will only gain MMC. Your PTS balance will remain the same, but you will gain more MMC. Even if you don't want your MMC, you can just get them, sell them, and use the BTC to buy more PTS. Or you can hold your MMC, it's up to you. But don't worry, you will not lose your PTS by getting your MMC

[phoenix]

Guys thank youvery much!! Really appreciate your prompt feedbacks. This really helps a lot and I have a better idea about Kehotee now! I will send tips to both of you soon.

What confuses me are the following regarding Memory Coin:
1. My wallet qt has many adresses with different amounts. Do I need to dump the private keys for each one of the adresses and import all the private keys to MMC wallet?

2. Since I will import the private keys to MMC wallet, isn't this dangerous? I guess no one can see my private keys in MMC wallet unless the y get access to my wallets correct? I mean this information doesn't get sent anywhere in the internet and it is safe as long as I don't have any malware?

3. What is "600" after my wallet passphrase on the tutorial? Just curious...

4. Just to make sure I understand correctly the whole PTS. Once I import my PTS private key to MMC wallet I will still have the same amount of PTS in my PTS wallet and for each of 10PTS i will have 1 MMC in my MMC wallet. And then I can use again and again my PTS to claim new coins that honor PTS correct?

5. Finally, if I don't know the amount of each PTS adress that I hold, and I don't remeber if some PTS were purchased after 12-12-13, or some that I purchased later were sent to an adress that had already some PTS from before that date what happens? Do I just import the private key of that adress anyway and it doesn't matter since the system will know how many were purchased before that date?

Once I get these answers things will be much clearer than before!!! And I will then do all that and see what happens..

AGAIN THANK YOU VERY MUCH!

1, yes, you need the private key for every address that holds PTS
2, Nobody but you can see your private keys, they're only stored on your computer, never sent over the internet (unless you have malware)
3, the "600" is the number of seconds that your wallet will be unlocked after typing the passphrase, you can make it longer or shorter as you see fit
4, This is correct, you will not lose any PTS, you will only gain MMC.
5, You don't need to know how much you had when block 32000 was mined out, this is automatically retrieved from the blockchain

Merry Christmas, and I hope that clears things up for you

[gigamike]

Guys,

additional question. PTS to MMC is 10PTS:1MMC ?

Currently BTER offers MMC http://bter.com/trade/mmc_btc 1MMC:0.001BTC

But if you check the average range of PTS is 1PTS:0.020BTC

or am i missing something. I invested a lot on PTS

Thanks,

Mike

[mf-tzo]

Guys thank youvery much!! Really appreciate your prompt feedbacks. This really helps a lot and I have a better idea about Kehotee now! I will send tips to both of you soon.

What confuses me are the following regarding Memory Coin:
1. My wallet qt has many adresses with different amounts. Do I need to dump the private keys for each one of the adresses and import all the private keys to MMC wallet?

2. Since I will import the private keys to MMC wallet, isn't this dangerous? I guess no one can see my private keys in MMC wallet unless the y get access to my wallets correct? I mean this information doesn't get sent anywhere in the internet and it is safe as long as I don't have any malware?

3. What is "600" after my wallet passphrase on the tutorial? Just curious...

4. Just to make sure I understand correctly the whole PTS. Once I import my PTS private key to MMC wallet I will still have the same amount of PTS in my PTS wallet and for each of 10PTS i will have 1 MMC in my MMC wallet. And then I can use again and again my PTS to claim new coins that honor PTS correct?

5. Finally, if I don't know the amount of each PTS adress that I hold, and I don't remeber if some PTS were purchased after 12-12-13, or some that I purchased later were sent to an adress that had already some PTS from before that date what happens? Do I just import the private key of that adress anyway and it doesn't matter since the system will know how many were purchased before that date?

Once I get these answers things will be much clearer than before!!! And I will then do all that and see what happens..

AGAIN THANK YOU VERY MUCH!

[phoenix]

Hi,

Unfortunately I am a newbie to cryptos and I am really having difficulties to follow your language...For example I don'tunderstand the whole statement "Yes I3 says founders will create their key pair with alpha version in the test network, then send pub key to I3 to dump into genesis block." Which genesis block? where can this be found? What keys? Are you reffering to the block that will be created in New year's eve? Do we need to do anything?

Can someone with simple words explain in detail the whole process for claiming the Kehotee ID? I was an early founder of Kehotee, (even if I believe I am one of the poorest person here in BTCs) only because I am a believer and I really like the whole concept of PTS and Kehotee and what Invictus want to achieve, but I still don't know what I have to do, when and how..and this makes me sad...


Same applies with Protoshares... As far as I understand so far, we can use our PTS to every new crypto that comes in the way and want to honor PTS. We have to import our wallet dat file to the new coin file? I am not sure I even know how to do this..When will bitshares come along? What is the time frame?

I understand that Memory Coin was the first coin to honor PTS. I check the forum almost everyday and I don't know how I missed that. And even when I read it I didn't know what to do and when...and as far as I understand that's gone now and I can't use my PTS to benefit from Memory Coin...

I was wondering if it would be possible from the developers to send us an email with instructions on how to do these things and when everytime something new is coming along.??

I understand that most of you know how these things work and might get frustrated by my comments and questions above. Maybe some might say " do your research and search the forum" and staff like that...But you need to consider that people with no IT knowledge and no special skills should be able to follow and understand. I am reading the forum all the time, I am spending a lot of time to understand how things move and what I will have to do but now I have read so many things that I am really confused...And if I miss again something like I 've missed Memory coin it will make me even more sad...

Please make things easier to follow!!! Don't use strange words all the time and explain the processes as you would do to a small child... For eg.
step 1...
step 2 ... etc
with links and everything that is necessary...

I appologise for my ignorance. Just need desperate help with simple instructions...

Thank you all very much in advance!

Claiming a Keyhotee founder ID:

First of all, Invictus Innovations Incorporated (I3) hasn't said exactly how this will work, but it will be something like this:

Step 1, I3 will release a program that you can use to mine out your founders ID
Step 2, you will download that program, and mine out your founders ID
Step 3, you will retrieve the public key (which is the key people use to send you messages), and send it to I3. The details of how to do this will be available when they release the mining program
Step 4, I3 will mine out the genesis block for Keyhotee, and it will have your founders ID built in, along with your public key, so people can send you messages!
Step 5, hopefully your private key (the key you use to read your messages)(keep this safe at all costs!) will be transferred to your Keyhotee wallet automatically, if not, there will be a guide somewhere on how to import it

MemoryCoin:

It's not to late get your memorycoins! as long as you had PTS in your wallet when block 32000 was mined out (2013-12-12 08:05:310), you can still get them!

here's a very good tutorial: http://memorycoin.montaxx.me/howto.php

Is there anything else you need cleared up?

[Troglodactyl]

Hi Zeus,

I understand the difficulty.  It's good that Invictus is busy preparing for the launch, but support and education for the less crypto experienced investors does suffer for it.

First off, you have not missed MemoryCoin, as long as you still have access to the same Protoshares wallet you had when it was launched.  The MemoryCoins you got for holding Protoshares will be there waiting for you whenever you get around to it.  There should be a stickied thread on how to do this eventually, I'll see what I can do...

My understanding of Founder's ID distribution is that Invictus will provide us with a program (the alpha version of Keyhotee) available for download in the next few days, we will each run it and fill in our profile information, and it will either generate a file which we will then send back to Invictus for inclusion in Keyhotee at launch, or we'll create identities in the alpha chain and they'll copy them from there.

Hope this helps...

[mf-tzo]

Hi,

Unfortunately I am a newbie to cryptos and I am really having difficulties to follow your language...For example I don'tunderstand the whole statement "Yes I3 says founders will create their key pair with alpha version in the test network, then send pub key to I3 to dump into genesis block." Which genesis block? where can this be found? What keys? Are you reffering to the block that will be created in New year's eve? Do we need to do anything?

Can someone with simple words explain in detail the whole process for claiming the Kehotee ID? I was an early founder of Kehotee, (even if I believe I am one of the poorest person here in BTCs) only because I am a believer and I really like the whole concept of PTS and Kehotee and what Invictus want to achieve, but I still don't know what I have to do, when and how..and this makes me sad...


Same applies with Protoshares... As far as I understand so far, we can use our PTS to every new crypto that comes in the way and want to honor PTS. We have to import our wallet dat file to the new coin file? I am not sure I even know how to do this..When will bitshares come along? What is the time frame?

I understand that Memory Coin was the first coin to honor PTS. I check the forum almost everyday and I don't know how I missed that. And even when I read it I didn't know what to do and when...and as far as I understand that's gone now and I can't use my PTS to benefit from Memory Coin...

I was wondering if it would be possible from the developers to send us an email with instructions on how to do these things and when everytime something new is coming along.??

I understand that most of you know how these things work and might get frustrated by my comments and questions above. Maybe some might say " do your research and search the forum" and staff like that...But you need to consider that people with no IT knowledge and no special skills should be able to follow and understand. I am reading the forum all the time, I am spending a lot of time to understand how things move and what I will have to do but now I have read so many things that I am really confused...And if I miss again something like I 've missed Memory coin it will make me even more sad...

Please make things easier to follow!!! Don't use strange words all the time and explain the processes as you would do to a small child... For eg.
step 1...
step 2 ... etc
with links and everything that is necessary...

I appologise for my ignorance. Just need desperate help with simple instructions...

Thank you all very much in advance!

[coolspeed]

Yes I3 says founders will create their key pair with alpha version in the test network, then send pub key to I3 to dump into genesis block.

[dacer]

Good question. I bet for 3 ids already

[gigamike]

Since IDs are non-transferrable, how will I end up with a unique private key that ties to my name? Will I3 distribute keypair generation code between christmas and new years, and then we have to send the public key to I3 to include in the genesis block?

good question. How it will be

[toast]

Since IDs are non-transferrable, how will I end up with a unique private key that ties to my name? Will I3 distribute keypair generation code between christmas and new years, and then we have to send the public key to I3 to include in the genesis block?