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Offline Explainlikeimfive

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bitshares...number
« on: October 20, 2014, 06:57:55 PM »

is the number of bitshares finite? was there always 2 billion bitshares

Offline Ander

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Re: bitshares...number
« Reply #1 on: October 20, 2014, 07:14:01 PM »
Currently ~2 Billion. 

There is a proposal to merge BTSX, AGS, and PTS together, which would create a new entity, named simply 'Bitshares'.  For example, there might be 2.4 billion?  2.5 billion?  Of the new Bitshares.  While this seems like a dilution, the new bitshares would have more value than current BTSX does, because they would ALSO have the value of AGS/PTS of granting a stake in future DACs.


There is then a second proposal to allow for a capital infusion by issuing some more shares of Bitshares, to fund a marketing campaign.  This would be decided by a vote of shareholders.  If this vote passed, the number of shares could increase, but hopefully the money raised from this secondary offering would help enable a massive growth of Bitshares that would greatly increase the share value.  (Those who believe the result would increase the value per share would vote yes, those who did not would vote no).
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Offline Rune

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Re: bitshares...number
« Reply #2 on: October 20, 2014, 07:21:43 PM »
New shares will be issued by elected delegates to pay for things like development of extra features, or marketing of bitassets. The important thing is that it will really difficult to abuse, and if anyone tries to inflate just to run away with the money, they will be voted out immediately.

The ability to issue shares to infuse capital will be an incredible competitive advantage over all our competitors.

Offline Explainlikeimfive

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Re: bitshares...number
« Reply #3 on: October 20, 2014, 07:28:50 PM »
i thought we had a 1 billion market cap

Offline onceuponatime

Re: bitshares...number
« Reply #4 on: October 20, 2014, 07:33:46 PM »
i thought we had a 1 billion market cap

2 billion

 

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