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Offline super3

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Re: Bter will Redeem BTS for PTS holders
« Reply #15 on: March 01, 2014, 02:50:33 am »
uh, so how is this going to work?  Since BTS isn't launching for another week or three, but BTer is going to have PTS_s representing Bitshares, does that mean the entire trading money supply of Bitshares will be based on the amount of PTS sitting in the BTer exchange?

Is this a good thing?
Looks like it won't let me trade PTS_S. I assume these are just a placeholder till they can actually redeem the PTS keys for BTS.

Offline wmbutler

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Re: Bter will Redeem BTS for PTS holders
« Reply #16 on: March 03, 2014, 10:25:10 pm »
Hopefully this doesn't result in flames. Does anyone have a clue what BTS is worth right now or what it will be worth when things settle out? Not looking for a specific value but rather a generalization based upon the collective sentiment.
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Offline mint chocolate chip

Re: Bter will Redeem BTS for PTS holders
« Reply #17 on: March 03, 2014, 11:42:52 pm »
Does this make sense, I sent this to BTER asking them about my PTS that were in transit:

which seem to show that both transactions happened after the snapshot. Their response:
Quote
Dear Sir,
For the 14.98 PTS, the time included in the block is March 1 10. which is later than Feb28, 24:00 GMT. Your BTS will be added to your destination.
For the 0.034PTS.Time included in block: 3/1/2014 8:13:56 AM (UTC), later than Feb 28, 24:00 GMT. Your BTS will be added to your destinaiton address.

What am I missing, I am thinking that if the time stamp is after the snapshot, then my wallet didn't have the PTS in time and would be in possession of BTER at that moment. Therefore, the BTS would not be going to my 'destination'.
« Last Edit: March 07, 2014, 09:22:10 pm by currencydebt »

Offline pc

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Re: Bter will Redeem BTS for PTS holders
« Reply #18 on: March 04, 2014, 09:22:53 am »
Interesting. I mailed them too on on a similar issue, only my tx was confirmed before the snapshot. Haven't heard back from them yet. Did you use their normal support address?

And yes, since your txs appeared in the blockchain after the snapshot the BTS will be credited to your own wallet and not to bter (provided that they arrived in your wallet before the snapshot).
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sumantso

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Re: Bter will Redeem BTS for PTS holders
« Reply #19 on: March 04, 2014, 11:03:55 am »
What am I missing, I am thinking that if the time stamp is after the snapshot, then my wallet didn't have the PTS in time and would be in possession of BTER at that moment. Therefore, the BTS would not be going to my 'destination'.

Thats what I would expect. My withdrawl confirmed after snapshot too. I have asked for clarification.

Offline mint chocolate chip

Re: Bter will Redeem BTS for PTS holders
« Reply #20 on: March 04, 2014, 02:29:10 pm »
What am I missing, I am thinking that if the time stamp is after the snapshot, then my wallet didn't have the PTS in time and would be in possession of BTER at that moment. Therefore, the BTS would not be going to my 'destination'.

Thats what I would expect. My withdrawl confirmed after snapshot too. I have asked for clarification.
@pc, try the Support button on the menu instead of using the Contact us email address, the contact email I sent last week was never delivered according to the email system I use.

Well here is the clarification they sent me, and their rationale does not make sense to me at all.
Quote
Dear Sir,
The time is based on that in the lockchain. "Time included in block: 3/1/2014 8:13:56 AM (UTC)". The dead line of snapshot is Feb 28, 24:00UTC.
If"Time included in block" is early than the dead line, we are responsible for your BTS ; it is later than the deadline, then the receiving side will be held the responsibililty for your BTS.

Offline pc

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Re: Bter will Redeem BTS for PTS holders
« Reply #21 on: March 07, 2014, 08:44:34 pm »
@pc, try the Support button on the menu instead of using the Contact us email address, the contact email I sent last week was never delivered according to the email system I use.

thanks a lot, that worked! Took a couple of days, but they credited the missing transaction to my PTS_S balance.
Bitcoin - Perspektive oder Risiko? ISBN 978-3-8442-6568-2 http://bitcoin.quisquis.de

Offline mint chocolate chip

Re: Bter will Redeem BTS for PTS holders
« Reply #22 on: March 07, 2014, 09:21:02 pm »
@pc, try the Support button on the menu instead of using the Contact us email address, the contact email I sent last week was never delivered according to the email system I use.

thanks a lot, that worked! Took a couple of days, but they credited the missing transaction to my PTS_S balance.
Your welcome. I too have been credited by BTER, it seems it took them a little while to understand that PTS in transit that were confirmed on the blockchain after the snapshot are their responsibility.