Poll

How many paid delegates before you start to prefer BTS be burned?

1-10
5 (12.2%)
20-50
12 (29.3%)
50-75
2 (4.9%)
75-99
1 (2.4%)
I'm okay with every single delegate being 100%
21 (51.2%)

Total Members Voted: 38

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merockstar

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https://bitsharestalk.org/index.php?topic=12250.0

We're talking a long ways down the road. But at a certain point, if I understand correctly (which I might not), eventually bts growth will slow down significantly/stagnate once it is ubiquitous in the world. At this point, most of the profit from holding BTS will come from fees being destroyed by delegates. Paid delegates don't destroy fees.

How many paid delegates is enough in the end and why?

merockstar

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #1 on: December 14, 2014, 06:50:29 AM »
I've been thinking about this today, and it finally occurred to me.

Why not just run all 100% until speculative value is maxed out, then have the delegates makes new accounts when the time comes to start burning bts.

I don't know why I didn't think of that this morning. The mechanisms are already built into the system. That's probably how this will play out, isn't it?

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #2 on: December 14, 2014, 07:15:14 AM »
As long as a 100% pay delegate gives roughly below 5k$/month I am ok with plenty of them ... even without good "initial" reputation ..
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Offline Ander

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #3 on: December 14, 2014, 10:25:22 AM »
I dont think there is a specific number to target.  Instead, vote for paid delegates that you believe will produce more value than they cost.

As the market cap increases, this bar becomes higher, and thus you would be looking for more value per delegate (a team of people rather than 1, for example), or you would be looking to vote for them at levels below 100% pay.
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Offline donkeypong

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #4 on: December 14, 2014, 08:09:07 PM »
I dont think there is a specific number to target.  Instead, vote for paid delegates that you believe will produce more value than they cost.

As the market cap increases, this bar becomes higher, and thus you would be looking for more value per delegate (a team of people rather than 1, for example), or you would be looking to vote for them at levels below 100% pay.

Well said. If they are good people who have proven that they'll add value, then I'll vote for all of them. And right now, I'd vote for a dozen more marketing delegates like Methodx and Matt608.

Offline onceuponatime

Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #5 on: December 14, 2014, 09:00:46 PM »
I dont think there is a specific number to target.  Instead, vote for paid delegates that you believe will produce more value than they cost.

As the market cap increases, this bar becomes higher, and thus you would be looking for more value per delegate (a team of people rather than 1, for example), or you would be looking to vote for them at levels below 100% pay.

Well said. If they are good people who have proven that they'll add value, then I'll vote for all of them. And right now, I'd vote for a dozen more marketing delegates like Methodx and Matt608.

This ^^

Offline BTSdac

Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #6 on: December 16, 2014, 07:01:59 AM »
101 100% pay rate delegate is not too enough, if everyone  is worth for it ,
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Offline donkeypong

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #7 on: December 16, 2014, 07:14:05 AM »
Try running this poll in Chinese, though. 60% in English is quite impressive, but we have to scratch and pull to get anyone elected without Chinese support. 

Offline GaltReport

Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #8 on: December 16, 2014, 12:49:42 PM »
Excuse my stupid question but can someone explain where the funds come from for the following terms used for spending funds:

Paid Delegates
"Burned" Funds
Dillution

I am honestly confused by the terms and want to make informed comments/choices.
 


Offline cass

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #9 on: December 16, 2014, 02:20:46 PM »
Try running this poll in Chinese, though. 60% in English is quite impressive, but we have to scratch and pull to get anyone elected without Chinese support.

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Offline cass

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #10 on: December 16, 2014, 02:22:00 PM »
maybe we should consider to create a english --> chinese transfer board...

all post putted in there are important to get transleted into chinese .. just thinking loud... would this make sense!?
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merockstar

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #11 on: December 16, 2014, 05:21:23 PM »
Excuse my stupid question but can someone explain where the funds come from for the following terms used for spending funds:

Paid Delegates
"Burned" Funds
Dillution

I am honestly confused by the terms and want to make informed delcomments/choices.

not a stupid question, so you're not excused :P

Paid Delegates: Most delegates are getting paid some percentages of the transaction fees for every block they sign. For most delegates 3% is an accepted number to make up for the effort and costs of running a delegate at the moment.

However, if you're a marketing badass, a code genius, or have some other brilliant way to contribute, you can campaign to have people vote for your 100% delegate, which if elected, would pay you enough to actually friggin live off. Our blockchain can provide jobs.

When a delegate is not keeping 100%, whatever fees are left over get burned, reducing the supply and therefore distributing value back to the rest of BTS holders.

Originally, BTS was planned to be a deflationary currency, with a hard cap on supply which would get reduced over time as delegates burned fees (thus paying interest to shareholders).

These days we are less about deflation, but the ability for delegates to burn fees is still in there. So I'm asking how many 100% paid delegates people are cool with before they'd like to see some profit given back to shareholders.

merockstar

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #12 on: December 16, 2014, 05:24:46 PM »
Try running this poll in Chinese, though. 60% in English is quite impressive, but we have to scratch and pull to get anyone elected without Chinese support.

good idea.

https://bitsharestalk.org/index.php?topic=12350.0

Offline wuyanren

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #13 on: December 16, 2014, 05:26:42 PM »
Try running this poll in Chinese, though. 60% in English is quite impressive, but we have to scratch and pull to get anyone elected without Chinese support.

good idea.

https://bitsharestalk.org/index.php?topic=12350.0
不懂你在说什么

merockstar

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Re: POLL: How many paid delegates before you stop voting for paid delegates?
« Reply #14 on: December 16, 2014, 05:40:38 PM »
Try running this poll in Chinese, though. 60% in English is quite impressive, but we have to scratch and pull to get anyone elected without Chinese support.

good idea.

https://bitsharestalk.org/index.php?topic=12350.0
不懂你在说什么

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