several hunderd sat now, is it dead?
PTS is very much alive, and more than ever. The old PTS coins that you own has now been scaled up approx 567 times. The total PTS supply has reduced, so in fact, it is worth more.
Could you please elaborate a bit more about this re-distribution. I could see only the amount of PTS had actually increased to 999 million, but you are saying otherwise.
PTS POW (ie OLD PTS) was designed to have a total money supply of 2 millions in about 2 years. At the time of upgrade, a total of 1.76 million PTS was mined. These 1.76 million tokens are scaled up to the new PTS-DPOS supply of 2 billions. The difference (2 millions - 1.76 millions) is the reduction in PTS supply. There is no re-distribution of PTS. If you have 1 OLD PTS, you will get about 567 new PTS (after scaled up to meet the new total supply).
Edit: PTS POW has a 1% inflation target. The new PTS DPOS has zero inflation and it may even become deflationary when delegates start using burn-rate ie burning PTS.
Thanks for the clarification @ Bitcube.
So, Bitshares PTS wont be getting the 10% shares from BitsharesX DAC, right?
Also, i could see alphabar's trying to promote PTS as the base currency for the bitshares platform.
Isn't it like competing with the BTSX directly?