AGS and PTS snapshot on Feb 28 - bitshares x test

[toast]

So it is test chain only? If the test is working well, will there be another snapshot, or just using the snapshot on Feb 28th?
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If it works well then it will have much value, if it fails there will be a new snapshot. 

There will of course be many other chains and snapshots.

Please clarify: Does this mean that unless there is an issue warranting a new snapshot, then the snapshot taken on Feb. 28 for BitShares X Test will be the same snapshot used for BitShares X (Production)?

If the answer is yes, then this is a huge deal. And there needs to be a huge notification/advertisement campaign so people can acquire PTS/AGS in time.

Yes, we are preparing a mass mailing on this topic.  If BitShares X Test is successful we will simply drop the Test from the name, if it fails in some manner that is unrecoverable then a new snapshot will be used.   Thus the value of the BTS (and BitUSD etc) in the test chain must factor in probability of catastrophic failure and reset of the chain.  It should go up over time as the likelihood of failure decreases. 

This process of launching test networks that "might be final release" networks will continue until all bugs are found.  This is necessary because for a test network to function it must have a non-0 value otherwise bitasset evaluation results in divide by 0 errors.   

Note that having many parallel chains was always in the plan and a version 2 chain with variable interest rates set by market forces will come out later as well.  So some bugs that result in the launch of a new chain may not mean the complete death of the initial test chain.  If the initial test chain has any residual value or can be 'patched' then it might take on a life of its own.

Why not make each testnet's total worth be backed by several orders of PTS (50, 200, 1500) as you launch more and more stable versions? You could redeem your test1shares for PTS at a 40,000:1 ratio, then a 10,000:1 ratio, etc.

[bytemaster]

So it is test chain only? If the test is working well, will there be another snapshot, or just using the snapshot on Feb 28th?
Sent from my iPhone using Tapatalk

If it works well then it will have much value, if it fails there will be a new snapshot. 

There will of course be many other chains and snapshots.

Please clarify: Does this mean that unless there is an issue warranting a new snapshot, then the snapshot taken on Feb. 28 for BitShares X Test will be the same snapshot used for BitShares X (Production)?

If the answer is yes, then this is a huge deal. And there needs to be a huge notification/advertisement campaign so people can acquire PTS/AGS in time.

Yes, we are preparing a mass mailing on this topic.  If BitShares X Test is successful we will simply drop the Test from the name, if it fails in some manner that is unrecoverable then a new snapshot will be used.   Thus the value of the BTS (and BitUSD etc) in the test chain must factor in probability of catastrophic failure and reset of the chain.  It should go up over time as the likelihood of failure decreases. 

This process of launching test networks that "might be final release" networks will continue until all bugs are found.  This is necessary because for a test network to function it must have a non-0 value otherwise bitasset evaluation results in divide by 0 errors.   

Note that having many parallel chains was always in the plan and a version 2 chain with variable interest rates set by market forces will come out later as well.  So some bugs that result in the launch of a new chain may not mean the complete death of the initial test chain.  If the initial test chain has any residual value or can be 'patched' then it might take on a life of its own. 

[toast]

So it is test chain only? If the test is working well, will there be another snapshot, or just using the snapshot on Feb 28th?
Sent from my iPhone using Tapatalk

If it works well then it will have much value, if it fails there will be a new snapshot. 

There will of course be many other chains and snapshots.

Please clarify: Does this mean that unless there is an issue warranting a new snapshot, then the snapshot taken on Feb. 28 for BitShares X Test will be the same snapshot used for BitShares X (Production)?

If the answer is yes, then this is a huge deal. And there needs to be a huge notification/advertisement campaign so people can acquire PTS/AGS in time.

I assume they mean new test snapshot

[vikram]

So it is test chain only? If the test is working well, will there be another snapshot, or just using the snapshot on Feb 28th?
Sent from my iPhone using Tapatalk

If it works well then it will have much value, if it fails there will be a new snapshot. 

There will of course be many other chains and snapshots.

Please clarify: Does this mean that unless there is an issue warranting a new snapshot, then the snapshot taken on Feb. 28 for BitShares X Test will be the same snapshot used for BitShares X (Production)?

If the answer is yes, then this is a huge deal. And there needs to be a huge notification/advertisement campaign so people can acquire PTS/AGS in time.

[bytemaster]

So it is test chain only? If the test is working well, will there be another snapshot, or just using the snapshot on Feb 28th?
Sent from my iPhone using Tapatalk

If it works well then it will have much value, if it fails there will be a new snapshot. 

There will of course be many other chains and snapshots.

Be sure to consider the serious risk that our Feb 28th chain, BitShares XT, could simply work the first time and thus enjoy a first-mover network effect all its own.   

Murphy's Law applies to itself too:
"Anything that can go wrong will go wrong unless you are counting on it to go wrong."

The same thought. But isn't it run on the central server?
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We will see how far we get, but even if it starts on a central server it can be seamlessly upgraded to be decentralized.

[coolspeed]

So it is test chain only? If the test is working well, will there be another snapshot, or just using the snapshot on Feb 28th?
Sent from my iPhone using Tapatalk

If it works well then it will have much value, if it fails there will be a new snapshot. 

There will of course be many other chains and snapshots.

Be sure to consider the serious risk that our Feb 28th chain, BitShares XT, could simply work the first time and thus enjoy a first-mover network effect all its own.   

Murphy's Law applies to itself too:
"Anything that can go wrong will go wrong unless you are counting on it to go wrong."

The same thought. But isn't it run on the central server?



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[Stan]

So it is test chain only? If the test is working well, will there be another snapshot, or just using the snapshot on Feb 28th?
Sent from my iPhone using Tapatalk

If it works well then it will have much value, if it fails there will be a new snapshot. 

There will of course be many other chains and snapshots.

Be sure to consider the serious risk that our Feb 28th chain, BitShares XT, could simply work the first time and thus enjoy a first-mover network effect all its own.   

Murphy's Law applies to itself too:
"Anything that can go wrong will go wrong unless you are counting on it to go wrong."

[bytemaster]

So it is test chain only? If the test is working well, will there be another snapshot, or just using the snapshot on Feb 28th?
Sent from my iPhone using Tapatalk

If it works well then it will have much value, if it fails there will be a new snapshot. 

There will of course be many other chains and snapshots.

[mitao]

So it is test chain only? If the test is working well, will there be another snapshot, or just using the snapshot on Feb 28th?


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[jae208]

This is fantastic! Is there a hard deadline for when Bitshares X should be officially out?
Do you think BItshares x will be out no later than the Las Vegas conference?

As always, it depends on how testing goes.   

We have noted that others are already helping to find and fix bugs in the current release.  This certainly helps to accelerate things!

The code that's out there right now also an opportunity for 3rd Party developers to start working early on all manner of supporting GUIs and value-added components.

Thus, the answer to your question is really, "It depends on how much help we have."

 

So what you're really saying is, "shut up and help us materialize this sooner!" :p

Problem for me though is that I'm not a devloper at least not YET so I'm not too sure how else
I can help. However, I will try to do the best I can to help.
You guys are awesome keep up the excellent work!

[codinat]

Stan,请介绍下大会的成果！谢谢

[Stan]

This is fantastic! Is there a hard deadline for when Bitshares X should be officially out?
Do you think BItshares x will be out no later than the Las Vegas conference?

As always, it depends on how testing goes.   

We have noted that others are already helping to find and fix bugs in the current release.  This certainly helps to accelerate things!

The code that's out there right now also an opportunity for 3rd Party developers to start working early on all manner of supporting GUIs and value-added components.

Thus, the answer to your question is really, "It depends on how much help we have."

 

[jae208]

This is fantastic! Is there a hard deadline for when Bitshares X should be officially out?
Do you think BItshares x will be out no later than the Las Vegas conference?

[bytemaster]

So after the 28th february, 4M BTS will be allocated proportionally to AGS and PTS holders?

Yes for the test chain. 


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[yidaidaxia]

Thanks. Also my expectation. Let's wait for bytemaster's response.

Great!

So we will just test this feature(BTS X allocated to AGS/PTS) or also including other features of Bitshares X at Feb 28th test?

Thanks.

The last BTC and PTS block on feb 28 th will be used for the snapshot of the bitshares XT blockchain.  This will be the first feature complete test network. 




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To my understanding, it's a feature complete version and we will test and report bugs for all the features.
Cuz, for BTS genesis block allocation only, you don't need a whole test network.
(Or, you can wait for bytemaster himself to confirm this.)