Author Topic: What is BitShares PTS (proto-shares)?  (Read 46435 times)

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Offline digitalindustry

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Re: What is ProtoShares?
« Reply #30 on: November 18, 2013, 11:10:55 am »
Remember robots need retarded humans to function  as well , unfortunately the issue isnt going away any time soon .

Offline Micio

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Re: What is ProtoShares?
« Reply #31 on: November 21, 2013, 06:14:32 pm »
I don't see the first post :(
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Offline Leyhart

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Re: What is ProtoShares?
« Reply #32 on: November 21, 2013, 08:58:14 pm »
Everything I needed. Thank you!
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Offline MrJeans

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Re: What is ProtoShares?
« Reply #33 on: November 24, 2013, 12:43:24 pm »
I have purchased some ProtoShares because I believe in the ideas around a decentralized shares trading platform.
I have purchased the ProtoShares on the Cryptsy exchange and am holding them on the exchange (as I cant get the ProtoShare client to work on my PC).
But how will I be rewarded with BitShares?
Do the ProtoShares have to be in the ProtoShare client for me to get BitShares?

Thanks allot

Offline Stan

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Re: What is ProtoShares?
« Reply #34 on: November 24, 2013, 01:39:33 pm »
I have purchased some ProtoShares because I believe in the ideas around a decentralized shares trading platform.
I have purchased the ProtoShares on the Cryptsy exchange and am holding them on the exchange (as I cant get the ProtoShare client to work on my PC).
But how will I be rewarded with BitShares?
Do the ProtoShares have to be in the ProtoShare client for me to get BitShares?

Thanks allot

When the time comes, they show up in your wallet automatically whenever it syncs with the network. 
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline AJ_

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Re: What is ProtoShares?
« Reply #35 on: November 24, 2013, 02:47:22 pm »
I have purchased some ProtoShares because I believe in the ideas around a decentralized shares trading platform.
I have purchased the ProtoShares on the Cryptsy exchange and am holding them on the exchange (as I cant get the ProtoShare client to work on my PC).
But how will I be rewarded with BitShares?
Do the ProtoShares have to be in the ProtoShare client for me to get BitShares?

Thanks allot
The protoshares will most likely have to be in your wallet when they release bitshares, not in the exchange, but you will have to talk to the exchange owners to be certan.
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Offline bytemaster

Re: What is ProtoShares?
« Reply #36 on: November 24, 2013, 06:34:57 pm »
I have purchased some ProtoShares because I believe in the ideas around a decentralized shares trading platform.
I have purchased the ProtoShares on the Cryptsy exchange and am holding them on the exchange (as I cant get the ProtoShare client to work on my PC).
But how will I be rewarded with BitShares?
Do the ProtoShares have to be in the ProtoShare client for me to get BitShares?

Thanks allot
The protoshares will most likely have to be in your wallet when they release bitshares, not in the exchange, but you will have to talk to the exchange owners to be certan.

If you do not control the private key, then you will be at the mercy of the exchange to honor the social contract.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline MrJeans

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how will I receive shares in DACs
« Reply #37 on: November 25, 2013, 09:17:01 am »
I am not understanding how I will receive shares in new DACs.
I currently have my ProtoShares stored on the Cryptsy exchange. Is this okay?

If I dont make use of a ProtoShare client on my computer will I still obtain shares in DACs?

Offline yago

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Re: how will I receive shares in DACs
« Reply #38 on: November 25, 2013, 09:27:17 am »
I currently have my ProtoShares stored on the Cryptsy exchange. Is this okay?

NO! Ask for help if needed to install your wallet on your computer. Do not keep money on the exchanges.
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Offline bytemaster

Re: how will I receive shares in DACs
« Reply #39 on: November 25, 2013, 06:44:09 pm »
I am not understanding how I will receive shares in new DACs.
I currently have my ProtoShares stored on the Cryptsy exchange. Is this okay?

If I dont make use of a ProtoShare client on my computer will I still obtain shares in DACs?

Depends upon who is holding your PTS for you.  We don't know WHO has the PTS, we just know what addresses have it. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline MrJeans

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Re: What is ProtoShares?
« Reply #40 on: November 26, 2013, 03:07:37 pm »
Thanks for the info

Offline joele

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Re: What is ProtoShares?
« Reply #41 on: November 27, 2013, 02:22:09 am »
A PTS Client link should be posted on top here

Offline MrJeans

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Re: What is ProtoShares?
« Reply #42 on: December 02, 2013, 01:29:19 pm »
Is my protoshare public key the address I use to receive protoshares from others?
I just need to know what my public key is so that I can use it to dump my private key.
And eventually use that private key to claim future DAC shares (all correct?)
Thanks

Offline Gekko

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Re: What is ProtoShares?
« Reply #43 on: December 03, 2013, 11:13:08 am »
I have a comprehension question:

Let's say I have 10 ProtoShares.

In a few weeks/months/years there are 10/100/1000 different DACs.

What will be my "share" of every DAC?
Will I have 10 "BitShares" in each of the 10/100/1000 DACs (and in every future DAC) just by holding my 10 PTS?
Will my 10 PTS be converted into 10 BTS for every DAC?

If so:
If I hold 10 PTS until there are 100 DACs and I thereby have 10 BTS in each of those 100 DACS - and then I sell 5 of my PTS.
Will I have 5 BTS in every DAC created after the 100 DACs and keep the 10 BTS in each of the first 100 DACs?

If so:
selling PTS - ever - would be a no-go, wouldn't it?
As PTS are "all-purpose" and there will be only about 2 million PTS - their price MUST skyrocket if DACs will be successful?
BTS instead are not "all-purpose", you can buy them (you can mine them?) but only put them into a chosen DAC "once" and they are "gone" (into that DAC), until you pull them out of that DAC und put them into another DAC right?






Offline Stan

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Re: What is ProtoShares?
« Reply #44 on: December 03, 2013, 02:41:47 pm »
I have a comprehension question:

Let's say I have 10 ProtoShares.

In a few weeks/months/years there are 10/100/1000 different DACs.

What will be my "share" of every DAC?
Will I have 10 "BitShares" in each of the 10/100/1000 DACs (and in every future DAC) just by holding my 10 PTS?
Will my 10 PTS be converted into 10 BTS for every DAC?

If so:
If I hold 10 PTS until there are 100 DACs and I thereby have 10 BTS in each of those 100 DACS - and then I sell 5 of my PTS.
Will I have 5 BTS in every DAC created after the 100 DACs and keep the 10 BTS in each of the first 100 DACs?

If so:
selling PTS - ever - would be a no-go, wouldn't it?
As PTS are "all-purpose" and there will be only about 2 million PTS - their price MUST skyrocket if DACs will be successful?
BTS instead are not "all-purpose", you can buy them (you can mine them?) but only put them into a chosen DAC "once" and they are "gone" (into that DAC), until you pull them out of that DAC und put them into another DAC right?

By George, I think he's got it!   :)

ProtoShares are an investment in an entire DAC product line - perhaps an entire DAC industry.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.