Excuse my stupid question but can someone explain where the funds come from for the following terms used for spending funds:
I am honestly confused by the terms and want to make informed delcomments/choices.
not a stupid question, so you're not excused
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.