BitShares-PTS 1.0 Release (2.18.2014)

[yoshiwatusi]

I'm beginning to think bitshares sucks

Long confirmation times on PTS are normal due to its archaic difficulty adjustment algorithm. Essentially it's a very poorly-designed bitcoin clone that doesn't incentivize mining very effectively. Don't worry, your transaction will go through. Mine took over an hour yesterday.

thank you

[yoshiwatusi]

I'm beginning to think bitshares sucks

Long confirmation times on PTS are normal due to its archaic difficulty adjustment algorithm. Essentially it's a very poorly-designed bitcoin clone that doesn't incentivize mining very effectively. Don't worry, your transaction will go through. Mine took over an hour yesterday.

why did they clone bitcoin for then.. lulz

[biophil]

I'm beginning to think bitshares sucks

Long confirmation times on PTS are normal due to its archaic difficulty adjustment algorithm. Essentially it's a very poorly-designed bitcoin clone that doesn't incentivize mining very effectively. Don't worry, your transaction will go through. Mine took over an hour yesterday.

[Stan]

I'm beginning to think bitshares sucks

Yep. Like a market share vacuum cleaner! 

[yoshiwatusi]

I'm beginning to think bitshares sucks

[yoshiwatusi]

how long does it take to have a confirmation? I'm trying to withdraw pts from my wallet to beer and 30 min after, not 1 confirmation...

[biophil]

Anyone having issues dumping the private key using this client?  Please help.

Is your wallet locked? You can't dumpprivkey unless you've already run walletpassphrase and unlocked the wallet.

[educatedwarrior]

Anyone having issues dumping the private key using this client?  Please help. 

[testz]

Question, is the 2M cap a hard limit? what happens at 2M?

if the 2M cap is a hard limit, then I assume PoW mining will no longer work after the cap is reached?

No 2M not hard limit: "Total coins: Around 2 million, with 1% inflation after 2 years" (see OP: https://bitcointalk.org/index.php?topic=325261.0)
But until end of this year we have plans to move BitShares PTS onto BitShares toolkit (DPOS).

[kokojie]

Question, is the 2M cap a hard limit? what happens at 2M?

if the 2M cap is a hard limit, then I assume PoW mining will no longer work after the cap is reached?

[sky]

I finally managed to import my old protoshare wallet.dat into the BitsharesX 1.0.0 and after a few minutes the PTS were converted into BTSX 

Now my next question is:
How do I mine/hatch or otherwise acquire more BTSX other than buying them?
I have the client open but not sure if I need to initiate some command in order to mine?
This might belong in another thread but I can't seem to find one?

You can't mine BTSX, you can promote yourself as delegate and if you get enough votes you will participate in block creation.
More info about DPOS: http://wiki.bitshares.org/index.php/DPOS
Delegate election thread: https://bitsharestalk.org/index.php?board=61.0

aha I see - thx

[testz]

I finally managed to import my old protoshare wallet.dat into the BitsharesX 1.0.0 and after a few minutes the PTS were converted into BTSX 

Now my next question is:
How do I mine/hatch or otherwise acquire more BTSX other than buying them?
I have the client open but not sure if I need to initiate some command in order to mine?
This might belong in another thread but I can't seem to find one?

You can't mine BTSX, you can promote yourself as delegate and if you get enough votes you will participate in block creation.
More info about DPOS: http://wiki.bitshares.org/index.php/DPOS
Delegate election thread: https://bitsharestalk.org/index.php?board=61.0

[sky]

I finally managed to import my old protoshare wallet.dat into the BitsharesX 1.0.0 and after a few minutes the PTS were converted into BTSX 

Now my next question is:
How do I mine/hatch or otherwise acquire more BTSX other than buying them?
I have the client open but not sure if I need to initiate some command in order to mine?
This might belong in another thread but I can't seem to find one?

[chryspano]

I downloaded the PTS Wallet for Mac just recently.  I can't download the blockchain.  It says "No block source available" and "0 active connections"

I tried restarting the wallet.  still nothing.  any help would be greatly appreciated.  thanks!

In the console you can type... addnode=cryptoseed.cloudapp.net or check these threads for another node or solution...

https://bitsharestalk.org/index.php?topic=355.0

https://bitsharestalk.org/index.php?topic=172.0

[jaredboice]

I downloaded the PTS Wallet for Mac just recently.  I can't download the blockchain.  It says "No block source available" and "0 active connections"

I tried restarting the wallet.  still nothing.  any help would be greatly appreciated.  thanks!