Author Topic: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement  (Read 12296 times)

AlphaBar

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[ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« on: November 30, 2014, 04:26:48 am »
************Updates****************

NEW CHAIN IS LAUNCHED:

NOTICE: Please upgrade to v2.0.1 (includes malleability fix from BTS 0.4.26)
Source: https://github.com/PTS-DPOS/PTS/tree/v2.0.1
Linux packages: http://software.opensuse.org/download.html?project=home%3Ap_conrad%3Abts&package=PTS
Windows build: https://github.com/PTS-DPOS/PTS/releases

************************************

Summary

* Upcoming snapshot will take place on December 14th
* New website is live: www.ptscrypto.com
* GUI client is nearing completion
* Testnet is stable, Dry Run #1 to be announced shortly




BitShares PTS (originally named “Protoshares”) is the original crypto-equity of the BitShares ecosystem. PTS was created prior to development of the BitShares Toolkit, a revolutionary blockchain technology using Dan Larimer’s Delegated Proof of Stake consensus algorithm (DPoS). PTS is a sharedrop instrument for future decentralized autonomous companies (DACs) built upon the Toolkit. Per the BitShares social consensus, PTS holders will receive at least a 10% share in all future DACs.

Now that development of the Toolkit is complete and the first DAC (BTS) is launched, the time has come to upgrade BitShares PTS away from the slow and inefficient proof of work protocol to a new DPoS blockchain using the BitShares Toolkit. We invite you to join us in celebrating the rebirth of BitShares PTS - a historic original, a pre-eminent sharedrop instrument, and now with unparalleled DPoS technology.


Snapshot

Block production in the current proof of work blockchain has slowed to a crawl. Therefore, the upgrade of BitShares PTS will use the last block produced and published to the network prior to the end of day on December 14, 2014 UTC. Exchanges should honor your stake in the new chain (specifics forthcoming).


Specifications

* 10 second block confirmation (!)
* Supply will be scaled to 1,000,000,000 (1 Billion) PTS
* Absolutely no inflation or dilution of the supply, now or ever
* Current PTS-holders will receive their exact proportion of stake in the new chain as of the snapshot date


Features

* Fair 100% proof of work distribution
* True anonymity using TITAN technology
* No ugly hash addresses (send and receive to usernames)


Social Consensus

The BitShares social consensus is a non-binding agreement and invitation to developers of future BitShares DACs to sharedrop at least 10% of their total allocation to PTS holders.

In this way, PTS holders receive a perpetual dividend in the form of ownership in every future BitShares DAC. And unlike Bitcoin, whose largest holders (the exchanges) would never honor a sharedrop, PTS-friendly exchanges such as Bter, Poloniex, and Btc38 have a track record of honoring ownership of PTS holders in new DACs. This makes PTS the ideal sharedrop instrument for developers who want dedicated DAC-friendly shareholders and wide distribution.


Principles

* simplicity - BitShares PTS is delegated proof of stake (DPOS). It is a pure implementation of the core DPOS protocol without the application-specific functionality of the many profitable DACs that will be built on top of it. In this way, PTS is the foundation layer of the BitShares ecosystem.

* openness - BitShares PTS is not only open-source, but also open strategy. PTS promotes open development and contribution to the BitShares platform by third party developers and investors. At the same time, PTS is agnostic to the features, technology, and business strategy of any particular DAC that is built on top of it. BitShares PTS is the Switzerland of DACs.

* collaboration - BitShares PTS will be built with extensibility and collaboration in mind. In addition to serving as the common core of profitable DACs, PTS will also serve as a launching pad and resource for developers of new DACs. In this way, any contribution to BitShares PTS is a contribution to the BitShares ecosystem. The mantra of PTS is: easy-to-use, easy-to-build, and easy-to-fork.

* stability - BitShares PTS is a stable, non-inflationary, and fairly distributed token. BitShares PTS is not a business and is not designed with the objective of maximizing profit. As the business environment changes, application-specific DACs will have to evolve to maintain their competitive advantage. PTS may also evolve, but only with a slow and steady hand that serves the interest of PTS holders and these principles.


BitShares PTS vs. Bitcoin




Resources

* Website: www.ptscrypto.com
* Forum: pts.cubeconnex.com
* BitShares Subforum: www.bitsharestalk.org/index.php?board=1.0
* Github: www.github.com/PTS-DPOS/PTS
* Block Explorer: http://pts.bitsharesblocks.com
* Reddit: www.reddit.com/r/protoshare


Future Goals

* After the upgrade, a complete rebrand.
* A suite of technical, marketing, and community resources for DAC developers to build on top of PTS.


Exchanges

www.bter.com
www.poloniex.com


Sincere thanks to pc and cube for the development work, testz for his support and feedback, cass for helping with the website, and I3 for returning all PTS donated funds back to the community and breathing new life into this project.
« Last Edit: December 16, 2014, 04:36:32 pm by AlphaBar »

Hadrian

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #1 on: November 30, 2014, 09:29:38 pm »
....

Exchanges

www.bter.com
www.poloniex.com


Sincere thanks to pc and cube for the development work, testz for his support and feedback, cass for helping with the website, and I3 for returning all PTS donated funds back to the community and breathing new life into this project.

I'd like to say thanks to you AlphaBar as well as everyone else for all the work. It's coming along nicely now, and all seems positive.
I guess I'm not the only one without the time or skills to help out much, but I like what you're doing and am holding some PTS as my way of showing support.

The new website's looking great by the way!

One thing: is there a reason you've not linked to Btc38 at the bottom of the announcement? (I can edit this question out if you want)

Love from Hadrian :-*
« Last Edit: November 30, 2014, 09:32:39 pm by Hadrian »

AlphaBar

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #2 on: November 30, 2014, 10:12:11 pm »
....

Exchanges

www.bter.com
www.poloniex.com


Sincere thanks to pc and cube for the development work, testz for his support and feedback, cass for helping with the website, and I3 for returning all PTS donated funds back to the community and breathing new life into this project.

I'd like to say thanks to you AlphaBar as well as everyone else for all the work. It's coming along nicely now, and all seems positive.
I guess I'm not the only one without the time or skills to help out much, but I like what you're doing and am holding some PTS as my way of showing support.

The new website's looking great by the way!

One thing: is there a reason you've not linked to Btc38 at the bottom of the announcement? (I can edit this question out if you want)

Love from Hadrian :-*

Thanks for the support. I was told that Btc38 recently dropped PTS trading. If they are willing to relist and honor the snapshot then of course they will be added.

cube

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #3 on: December 03, 2014, 07:51:59 pm »
The website does not mention the role of PTS as a 'sharedrop' instrument.  Any reason why this is left out?
Contribute to the PTS Development Program!
Please send your donation to ID: bitcube

AlphaBar

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #4 on: December 03, 2014, 08:01:23 pm »
The website does not mention the role of PTS as a 'sharedrop' instrument.  Any reason why this is left out?

It is on this image: http://ptscrypto.com/images/DPOS.jpg

And also on the "Platform" page: http://ptscrypto.com/BitShares.html

But I agree it should be MUCH more prominent on the front page. It is on my TO-DO list for the next round of updates.

cube

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #5 on: December 06, 2014, 01:36:02 pm »
Thanks to cn-members, we have a Chinese-translated snapshot announcement - http://pts.cubeconnex.com/index.php?topic=60.0 and https://bitsharestalk.org/index.php?topic=12041.0
Contribute to the PTS Development Program!
Please send your donation to ID: bitcube

cube

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #6 on: December 09, 2014, 01:46:39 pm »
@alpha

Please update OP with PTS blockchain explorer. 
Contribute to the PTS Development Program!
Please send your donation to ID: bitcube

AlphaBar

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #7 on: December 16, 2014, 04:37:06 pm »
@alpha

Please update OP with PTS blockchain explorer.

Done.

pc

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #8 on: December 16, 2014, 04:45:11 pm »
I've updated my PTS snapshot site to produce snapshots from the new chain: http://ptsags.quisquis.de/
Bitcoin - Perspektive oder Risiko? ISBN 978-3-8442-6568-2 http://bitcoin.quisquis.de/
My PTS binary packages for CentOS, Fedora, openSUSE: http://software.opensuse.org/download.html?project=home%3Ap_conrad%3Abts&package=PTS
Please donate: pts:cyrano - thanks!

anycoin

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #9 on: December 17, 2014, 01:37:27 am »
2 questions:
Can I continue to use my current wallet until the GUI is complete?
Will it continue to accept pts until said time?

I had a terrible time with the linux cli bts wallet and don't want to go through that again.  The GUI wallet transferred my account without issues, I could never get the cli wallet to work. Soooooo I want to wait for the QT wallet for
this also, if  possible.

cube

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #10 on: December 17, 2014, 06:01:18 am »
GUI wallet is available for linux and Windows platforms.  Which platform are you on?
Contribute to the PTS Development Program!
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pc

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #11 on: December 17, 2014, 09:53:33 am »
My linux packages are currently without gui. Will fix that today.

I'll also provide a separate ubuntu build.
Bitcoin - Perspektive oder Risiko? ISBN 978-3-8442-6568-2 http://bitcoin.quisquis.de/
My PTS binary packages for CentOS, Fedora, openSUSE: http://software.opensuse.org/download.html?project=home%3Ap_conrad%3Abts&package=PTS
Please donate: pts:cyrano - thanks!

iHashFury

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #12 on: December 17, 2014, 12:56:48 pm »
Please lock this thread

cube

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #13 on: December 17, 2014, 01:15:45 pm »
Please lock this thread

When spammers start to join us, we know we are attracting attention. :)

ps: spam removed.
« Last Edit: December 17, 2014, 06:12:30 pm by cube »
Contribute to the PTS Development Program!
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pc

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Re: [ANN] BitShares PTS Mandatory Upgrade & Snapshot Announcement
« Reply #14 on: December 18, 2014, 09:14:10 am »
My linux packages are currently without gui. Will fix that today.

I'll also provide a separate ubuntu build.

Updated git master + tag to correct qt_wallet + web_wallet versions. Please re-download.

Also re-enabled GUI build in linux packages + working on ubuntu builds.

Edit: Ubuntu builds available at http://ptsags.quisquis.de/client/ .
« Last Edit: December 19, 2014, 12:45:05 pm by pc »
Bitcoin - Perspektive oder Risiko? ISBN 978-3-8442-6568-2 http://bitcoin.quisquis.de/
My PTS binary packages for CentOS, Fedora, openSUSE: http://software.opensuse.org/download.html?project=home%3Ap_conrad%3Abts&package=PTS
Please donate: pts:cyrano - thanks!