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Offline zhangweis

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10% dilution = 650,000 BTS a day
« on: October 22, 2014, 08:31:25 PM »

2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

That makes about 650,000 bts a day. To me, this has much much bigger impact than PTS, AGS, DNS merge.

Well, btc currently has about 10% dilution but it's also decreasing along the time.

If we have to pay high to delegates at the moment, at least we should decrease the rate along the time.
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Offline bytemaster

Re: 10% dilution = 650,000 BTS a day
« Reply #1 on: October 22, 2014, 08:33:08 PM »
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

That makes about 650,000 bts a day. To me, this has much much bigger impact than PTS, AGS, DNS merge.

Well, btc currently has about 10% dilution but it's also decreasing along the time.

If we have to pay high to delegates at the moment, at least we should decrease the rate along the time.

That is the limit.. no one will be voted in anywhere near that.
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Offline jsidhu

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Re: 10% dilution = 650,000 BTS a day
« Reply #2 on: October 22, 2014, 08:33:59 PM »
But 650k bts a day will go to someone who will provide real growth... not just miners or someone who will be dumping all of them... but to bring in more input than output.
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Offline zhangweis

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Re: 10% dilution = 650,000 BTS a day
« Reply #3 on: October 22, 2014, 08:37:52 PM »
That is the limit.. no one will be voted in anywhere near that.

To be honest, I don't like voting and politics behind it. But anyway, how can I check the current average pay rate of top 101 delegates?
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Offline luckybit

Re: 10% dilution = 650,000 BTS a day
« Reply #4 on: October 22, 2014, 08:38:24 PM »
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

That makes about 650,000 bts a day. To me, this has much much bigger impact than PTS, AGS, DNS merge.

Well, btc currently has about 10% dilution but it's also decreasing along the time.

If we have to pay high to delegates at the moment, at least we should decrease the rate along the time.

Buy BitGLD then.
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Offline bytemaster

Re: 10% dilution = 650,000 BTS a day
« Reply #5 on: October 22, 2014, 08:40:14 PM »
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

That makes about 650,000 bts a day. To me, this has much much bigger impact than PTS, AGS, DNS merge.

Well, btc currently has about 10% dilution but it's also decreasing along the time.

If we have to pay high to delegates at the moment, at least we should decrease the rate along the time.

Buy BitGLD then.

FYI.. we are putting the cap at 50 BTS per block without a hard fork.. so 8% is the max that voters can do without everyone upgrading.
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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 nomoreheroes7

Re: 10% dilution = 650,000 BTS a day
« Reply #6 on: October 22, 2014, 08:43:16 PM »
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

Waitaminute, isn't the new share supply from the merger 2.5 billion, not 2.4 billion? Am I missing something here?

Offline Ander

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Re: 10% dilution = 650,000 BTS a day
« Reply #7 on: October 22, 2014, 08:45:13 PM »
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

Waitaminute, isn't the new share supply from the merger 2.5 billion, not 2.4 billion? Am I missing something here?

It should be 2.5 billion.


It is important to realize that while the share count is going up, so is the value.

BTS will have more shares than BTSX, but it also contains the features of DNS, VOTE, etc, and will be the primary chain to be snapshotted for any future DAC spinoffs, which currently go to PTS/AGS.
« Last Edit: October 22, 2014, 08:47:46 PM by Ander »
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Offline Rune

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Re: 10% dilution = 650,000 BTS a day
« Reply #8 on: October 22, 2014, 08:47:39 PM »
Dilution will only EVER be given to delegates that are profitable. If 650000 BTS is diluted each day, that means we are making back even more than that. The only risk is that the DAC fails to provide a framework that is transparent enough to allow stakeholders to accurately determine whether a delegate is profitable or not, or that the voting culture becomes corrupted by politics and delegate looting becomes possible.

Offline Geneko

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Re: 10% dilution = 650,000 BTS a day
« Reply #9 on: October 22, 2014, 08:48:45 PM »
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

Waitaminute, isn't the new share supply from the merger 2.5 billion, not 2.4 billion? Am I missing something here?

It should be 2.5 billion.


It is important to realize that while the share count is going up, so is the value.

BTS will have more shares than BTSX, but it also contains the features of DNS, VOTE, etc, and will be the primary chain to be snapshotted for any future DAC spinoffs, which currently go to PTS/AGS.

It is 2/0.8=2,5

Offline jsidhu

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Re: 10% dilution = 650,000 BTS a day
« Reply #10 on: October 22, 2014, 08:53:18 PM »
It is 2/0.8=2,5

Maybe I'm wrong. What I understand is that 1 BTSX = 1 BTS. I need to check it somewhere.
I think 1:1 will make life easier for exchange and most BTSX holders.

you are right... but there is 20% more BTS now.. supply is not 2 billion with the proposal.
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Offline zhangweis

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Re: 10% dilution = 650,000 BTS a day
« Reply #11 on: October 22, 2014, 08:54:23 PM »
It is 2/0.8=2,5

I'm wrong. It should be 2.5 billion.
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Offline Geneko

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Re: 10% dilution = 650,000 BTS a day
« Reply #12 on: October 22, 2014, 09:04:30 PM »
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

That makes about 650,000 bts a day. To me, this has much much bigger impact than PTS, AGS, DNS merge.

Well, btc currently has about 10% dilution but it's also decreasing along the time.

If we have to pay high to delegates at the moment, at least we should decrease the rate along the time.

Now this is very interesting. Could somebody please explain what exactly delegates are able to do. They will be able to "print shares".

 
Dilution will only EVER be given to delegates that are profitable. If 650000 BTS is diluted each day, that means we are making back even more than that. The only risk is that the DAC fails to provide a framework that is transparent enough to allow stakeholders to accurately determine whether a delegate is profitable or not, or that the voting culture becomes corrupted by politics and delegate looting becomes possible.


How is this going to work exactly. Could somebody please explain assuming I have hear it for the first time.

Offline oldman

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Re: 10% dilution = 650,000 BTS a day
« Reply #13 on: October 22, 2014, 10:24:51 PM »
Devs need to a roadmap out stat explaining the dilution mechanism.

Could spiral into a PR problem very quickly.

Offline bytemaster

Re: 10% dilution = 650,000 BTS a day
« Reply #14 on: October 22, 2014, 10:31:55 PM »
Devs need to a roadmap out stat explaining the dilution mechanism.

Could spiral into a PR problem very quickly.

We are working on this
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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.

 

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