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Offline mint chocolate chip

@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.

Offline pc

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@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

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.

sumantso

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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 pc

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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).
Bitcoin - Perspektive oder Risiko? ISBN 978-3-8442-6568-2 http://bitcoin.quisquis.de

Offline mint chocolate chip

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 wmbutler

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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.
PTS: PnBVP1iLTsV6U8z4BeJYhF8jMpkLhtTi9r
BTS2.0: billbutler
There are 10 kinds of people. Those who understand binary and those who do not.

Offline super3

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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 graffenwalder

Update bter:

Update: Bter has already take a snapshot of user's PTS balances after shut down the PTS trading at 4:00:00 Feb.28, 2014 CST and save it to user's PTS_S. The user's PTS_S will be the reference for getting BTS redemption in the future. PTS trading will be enabled soon. Please beware of the price change and don't forget to cancel your orders in advance.

Offline CLains

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Probably good for bter and the people who hold PTS there.

There are a lot of consequences that are inherent to the structure of our situation, but are still not even on our horizon; bter may simply have seen further, and (if so) their revenue will increase as a consequence.

It's important to see particular consequences in light of the greater structure that give rise to them; sometimes the structure is necessary, leaving the consequences unavoidable without crazy ad hoc solutions.

Offline onceuponatime

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?

I don't see how they could be called BTS on Bter until Bishares is launched. These creatures are called "Snapshot PTS_S" in my Bter account. I suppose they can be traded - but the gain or loss will disappear if Bitshare3s is not a successful launch and a new snapshot needs to be taken in the future.

"Is this a ood thing?  I dunno, are computer games a good thing?

sumantso

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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?

That will be some form of token closed trading. I don't see how you can prevent them.

If I have enough trust, I can say I will have x amount of BTSXTs in future; and I can sell them on the condition that when it actually launches I will make good on my promise.

Offline AdamBLevine

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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?
Email me at adam@letstalkbitcoin.com

sumantso

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I see a new 'coin' in fund - PTS_s

I withdrew from Bter 25 hours back but the coins never arrived (transaction not visible on blockchain either). Lets see if they honour the credit.

Offline CLains

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Honestly I took a gamble and put some of my PTS in Bter. There is a very short window in which we convince the rest of the market that BTS is worth $1000 each. I'd rather have it on the exchange at that instant then wait a bunch of confirmations. Hopefully I won't get Goxed.

Great minds think alike. I took the same calculated risk :D