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Offline islandking

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Total number of Bitshares?
« on: November 09, 2014, 08:36:51 PM »

What will be the total number of Bitshares?
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Offline Ander

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Re: Total number of Bitshares?
« Reply #1 on: November 09, 2014, 08:47:54 PM »
About 2.5 billion to start.

Then slowly increasing depending on how many paid delegates there are.  Maximum possible inflation is 6.3%, actual inflation will be a lot less than that because there wont actually be anywhere near 101 paid delegates.
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Offline xeroc

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Re: Total number of Bitshares?
« Reply #2 on: November 09, 2014, 10:04:53 PM »
There will be 101 paid delegates ... but most will only have a few percent payrate ..
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Offline Ander

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Re: Total number of Bitshares?
« Reply #3 on: November 09, 2014, 10:07:53 PM »
There will be 101 paid delegates ... but most will only have a few percent payrate ..

I was using bytemaster's wording.   Paid delegate meaning those getting higher than normal pay.
The standard 3% pay delegates dont inflate much at all.
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Offline Stan

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Re: Total number of Bitshares?
« Reply #4 on: November 09, 2014, 10:27:33 PM »
The max percentage rate automatically tapers off.
If share issuance ran at the max possible rate of 50 every block it would be about

6.3% in year 1
4.0% in year 10
2.9% in year 20
1.5% in year 50
0.9% in year 100

Of course, by then that small percentage would still amount to a development and promotion budget of several quattuordecillion USD per year.

 :)
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Offline Ander

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Re: Total number of Bitshares?
« Reply #5 on: November 10, 2014, 12:26:03 AM »
Of course, by then that small percentage would still amount to a development and promotion budget of several quattuordecillion USD per year.

This almost makes me think you have been playing a certain silly flash game.  Where the amount of dollars you make actually gets up that high.
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