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Offline BunkerChain Labs

100% vs. 50% vs. 3% delegates
« on: February 16, 2015, 10:39:20 PM »

I am curious to understand why we seem to have these extremes of all 100% delegates or 3% which is next to nada.

What about 50% delegates?

If a project to support bitshares bid for delegate vote and the budget really only required 50%.. would you prefer to see that.. or would you prefer to see them put in the 59k+ bts to be a 100%er?

Scanning over the 101 I really only see these extremes of 100 to 3.. is there some reason I don't know of why there are no in-betweens?

PS: Proud to now be a Sr. Member.. seeing as this is my 200th post.  :D
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Offline carpet ride

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Re: 100% vs. 50% vs. 3% delegates
« Reply #1 on: February 16, 2015, 11:05:10 PM »
100% is expected at current market cap because it offers a small stream of funding.  If you somehow find yourself with extra money then you can publicly burn the funds. 

3% is to cover costs of running a delegate
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Offline xeroc

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Re: 100% vs. 50% vs. 3% delegates
« Reply #2 on: February 17, 2015, 07:12:23 AM »
3% is also the initial payrate for those delegates that have been around since before the hardfork to dilution ..

else I agree with Carpet Ride, it's just not worth registering for a 10% or 30% delegate now .. but hopefully soon :D
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Online wackou

Re: 100% vs. 50% vs. 3% delegates
« Reply #3 on: February 17, 2015, 12:38:33 PM »
I do have a 30% delegate (btstools.digitalgaia, currently not voted in  :'( ) because I believe that I don't deserve as much as a full-time dev, but that it's also worth more than the usual 3% (I'm developing software also, not only running the delegate). Riverhead also has a 10% delegate, but as far as I know, we are the only 2 with payrate between 100% and 3%...
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Offline emski

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Re: 100% vs. 50% vs. 3% delegates
« Reply #5 on: February 27, 2015, 05:17:29 PM »
At the risk of sounding like a total newbie (which I am)...

What is the difference?

Correct if wrong, but if 3% then 97% of the delegate payout gets burned?
What happens to it? Does it disappear, or someone ends up getting it?

It is never created.

Offline fuzzy

Re: 100% vs. 50% vs. 3% delegates
« Reply #6 on: February 28, 2015, 03:51:44 AM »
100% is expected at current market cap because it offers a small stream of funding.  If you somehow find yourself with extra money then you can publicly burn the funds. 

3% is to cover costs of running a delegate

+5 this^
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