Author Topic: [BitShares 2.0 Technologies] Stakeholder-Approved Project Funding (Discussion)  (Read 6727 times)

0 Members and 1 Guest are viewing this topic.

Offline monsterer

My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Is the reserve pool new, or just part of the existing market cap?
These are the BTS that would have been created by dilution anyway ... but dilution rate does not change .. 50 BTS / 10 secs .. or 5BTS per sec ..
It's just a different presentation ..

Offline monsterer

Is the reserve pool new, or just part of the existing market cap?
My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
BitShares 2.0 Technologies
Stakeholder-Approved Project Funding



A self-sustaining funding model
BitShares is designed to be self funding and self-sustaining by giving the stakeholders the power to direct where blockchain reserves are spent. BitShares has a reserve pool of 1.2 billion BTS (about $8 million dollars) that automatically grows as transaction fees are collected and the share price rises. Each day the blockchain is authorized to spend up to 432,000 BTS (about $77,000 per month); enough to hire a small team to maintain the network for years even with no price appriciation.

full length
« Last Edit: June 08, 2015, 06:31:05 pm by xeroc ¯\_(ツ)_/¯ »