Author Topic: Anybody knows what the "init0 refund 400K BTS" proposal is all about?  (Read 1390 times)

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Offline liondani

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« Last Edit: October 20, 2015, 10:43:39 pm by liondani »

Offline lzr1900

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Re: Anybody knows what the "init0 refund 400K BTS" proposal is all about?
« Reply #1 on: October 20, 2015, 10:46:22 pm »
hehe.
BM can do whatever he want without community permisson,what a joke.

Offline twitter

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Re: Anybody knows what the "init0 refund 400K BTS" proposal is all about?
« Reply #2 on: October 20, 2015, 11:00:48 pm »
it is easy for  BM to get pay over 1000usd /day at states job market..... kind of fair
witness:

Offline maqifrnswa

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Re: Anybody knows what the "init0 refund 400K BTS" proposal is all about?
« Reply #3 on: October 20, 2015, 11:06:35 pm »
it's a refund worker...
it doesn't really change anything, just explicitly sets the floor for returning unused budget to the pool, which was never being taken out so far
https://bitshares.org/technology/stakeholder-approved-project-funding/

400k from the reserve fund which was not being spent is now being withdrawn and returned to it each day. This is the "floor" that will pick up the scraps from whatever projects users want to fund.

If you don't like it, reject it. But there is no point to reject it, literally does nothing to the value of BTS, and no one is getting paid from it -- it just makes it easier for when the community does approve workers for there to be this "floor"
« Last Edit: October 20, 2015, 11:09:16 pm by maqifrnswa »
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Offline Ander

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Re: Anybody knows what the "init0 refund 400K BTS" proposal is all about?
« Reply #4 on: October 20, 2015, 11:10:48 pm »
it's a refund worker...
it doesn't really change anything, just explicitly sets the floor for returning unused budget to the pool, which was never being taken out so far
https://bitshares.org/technology/stakeholder-approved-project-funding/

400k from the reserve fund which was not being spent is now being withdrawn and returned to it each day. This is the "floor" that will pick up the scraps from whatever projects users want to fund.

If you don't like it, reject it. But there is no point to reject it, literally does nothing to the value of BTS, and no one is getting paid from it -- it just makes it easier for when the community does approve workers for there to be this "floor"

Can you explain what it would mean if it was voted for versus voted against? 
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Offline fav

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Re: Anybody knows what the "init0 refund 400K BTS" proposal is all about?
« Reply #5 on: October 21, 2015, 04:55:38 am »
hehe.
BM can do whatever he want without community permisson,what a joke.

shareholders can vote for or against it. He can't do anything without permission

Offline Shentist

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Re: Anybody knows what the "init0 refund 400K BTS" proposal is all about?
« Reply #6 on: October 21, 2015, 05:08:39 am »
i thought on the proposal you can write or link to a website, but not on this proposal.

Offline Musewhale

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Re: Anybody knows what the "init0 refund 400K BTS" proposal is all about?
« Reply #7 on: October 21, 2015, 06:10:38 am »
it is easy for  BM to get pay over 1000usd /day at states job market..... kind of fair

bm is good, i like this man +1 +1 +1
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Offline hero

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Re: Anybody knows what the "init0 refund 400K BTS" proposal is all about?
« Reply #8 on: October 21, 2015, 06:13:52 am »
it is easy for  BM to get pay over 1000usd /day at states job market..... kind of fair

bm is good, i like this man +1 +1 +1


 +5% +5% +5% +5%cool

Offline Moon

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Re: Anybody knows what the "init0 refund 400K BTS" proposal is all about?
« Reply #9 on: October 21, 2015, 06:26:35 am »
very nice ! you are hero !   +5% +5%

Offline maqifrnswa

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Re: Anybody knows what the "init0 refund 400K BTS" proposal is all about?
« Reply #10 on: October 21, 2015, 11:38:38 pm »
Can you explain what it would mean if it was voted for versus voted against?

Each day there is a budget for paying witnesses and workers. After witnesses get their cut, the remainder is available for workers. Workers will get paid in order of the total number of votes. You can add or subtract votes to a worker proportional to your BTS. The chain will then rank the workers and pay each worker one at a time until it runs out of money.

This 400k worker just returns the left over budget to the pool to be used the next day. Without this 400k worker, anyone could have made a worker and voted for it with 1 BTS and been able to pay themselevs whatever they want.

This worker is needed to provide the "floor" by which people have to have enough votes to overcome to become an elected worker.
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