I think one thing need to be stressed at this point is that as a DAC , delegates are essentially company employees , the coder and other contributors are also considered as company employees ,The company pays their employee from profit , and then give dividend to the shareholders , there is nothing wrong with that . We need to calculate if without dilution , can the employees still get paid ?
According to the current model , 10 seconds per block , a delegate will have 6*60*24*30/101=2566 blocks.
Now the average transaction fee per block is 2 BTSX , assuming the trading volumes will be multiple by 5 times , and the price reaches 0.0819 USD , the transaction fee limits to 0.2 BTSX , then the monthly income for a delegate would be 2566*2*5*2*0.0819 USD = 4203 USD .One delegate is enough to support a developer , and the whole system can at least supports 50 developers (the rest of the incomes goes to the regular delegate).
This task can be easily accomplished by :
1. Do not simply merge into one simple BTSX , but merge DNS VOTE PTS etc. as assets .https://bitsharestalk.org/index.php?topic=10303.msg135260#msg135260
2. Simplify the short rules of the inner-market , in the meantime optimize the GUI of the wallet and make it comfortable , so there will be a substantial amount of trading volume going into the inner-market , for it's lower cost and more safety .
3.Set up a changer ，at the very least we should connect the inner-market with the outside exchanges , that can be done by a user issue asset . I heard some exchanges are trying to do that ，that would be awesome .
It will be ok if the transaction fee rise up to 0.2 BTSX , the cost is still very low comparing to the other exchanges .
If the two key point mentioned before can be accomplished , plus if Bytemaster can release less crazy ideas , or at least all the new ideas should be related to new technologies and business models instead of interest reapportion ,it would not be difficult for the price rise up to 0.0819 USD . Honor the rules of the market , never try to violate it .
About the rules of the market , I want to stress three points :
1. Trust is hard to built and easy to destroy . From my personal experience , I though the way 3I operates were consistently fair , they have ultimate control over the BTS system , and yet they've never let us down on interest allocation before , even exceeded our expectations . We know that comes with a high price----All the BTSX are allocated and the interest of the developers can not be guaranteed . After all these hard work , 3I finally gained trust ,and yet still got a negative image for a merger plan . The reason for this would be : Anything that tries to adjust the status quo is gonna effect someone's interest , and the ones who's interest were effected can not fight back . The issue with dilution fits my case even better , we mentioned before BTSX is a profiting system , and the advantage of deflation was even advertise majorly . Do not violate the rules of the market , do not calculate the lost and gain of the system , the most important thing should be gaining the trust . Trust is a complicated evaluating process , and the conclusion is simple --- Do you worth our trust or not ? Most of the outside participants do not have the patience to do the evaluation , you have to make this process as simple as possible , do not violate your promises .
2. Do not feel it's ok because my particular interest hasn't been violated , personal interest can only be satisfied by the maximum interest for the whole .
3. Never take away someone's private property , regardless how he got it in the first place .
ps：Im a very early investor，i paid 500btsx for this translation，please consider carefully.im really seriously.