Post
Topic
Board Altcoin Discussion
Re: There is still widespread confusion about BitShares PTS and Protoshares
by
Bisha
on 24/09/2015, 20:22:56 UTC

Protoshares which became PTS where sharedropped on.


Protoshares were never sharedropped on.  The name changed to BitShares PTS before the first sharedrop.



Quote
You have to understand, the developers (Dan) did not control PTS, it was a POW coin. After the share drop some ppl decided they wanted to keep it running. How do you stop a decentralize POW coin if people continue to mine it? That's why its confusing because there was no way to shutdown PTS after the drop.


So it's a decentralized coin?  Nobody owns it, nobody controls it, nobody can stop it from running?

And that's what Dan and Stan promised to use for all future drops, knowing that it wouldn't be under their control?

Then how can you say they decided to merge it, decided to end it, or that the coin "changed hands" and is being run by different people? 

If it was decentralized from the start, and they never had control of it in the first place, then they knew that when they promised to distribute all future DACs to PTS holders.

ProtoShares were never sharedropped on? Then why did I get more BTS from Vote, DNS,etc and have NOTES on my wallet?