how many bts are paid by work contract now

Started by BTSdac, October 30, 2015, 04:33:14 AM

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abit

Quote from: BTSdac on October 30, 2015, 04:33:14 AM
how many bts are paid by work contract now ?
I  think we should let more people promote bts by this function.
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maqifrnswa

Quote from: xeroc on October 30, 2015, 11:33:06 AM
Quote from: maqifrnswa on October 30, 2015, 11:20:24 AM
10000 bts per day is being paid
but not all of these are payed to actual people .. most of it is burnd .. isn't it?

Actually all of the 10,000 BTS are going to fund the fee pools. The other 300k+ that is "assigned" to a worker is just being refunded to the reserve pool. So, in the end there is only one vesting worker, and those funds are simply fed back in to the system
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Empirical1.2

Quote from: cube on October 30, 2015, 12:50:37 PM
Quote from: Empirical1.2 on October 30, 2015, 12:37:24 PM

On this principle, I will still have to look at the final product Muse/Peertracks is going to be selling, but the combination of Graphene back-end + referral programme + sell-able product is what's required. So I wouldn't be surprised to see it do very well.

Well analysed. One thing though.  Muse does not have an intention for referral. In fact, cob mentioned he would want 'middleman' out of the equation.

Thanks, interesting.
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cube

Quote from: Empirical1.2 on October 30, 2015, 12:37:24 PM

On this principle, I will still have to look at the final product Muse/Peertracks is going to be selling, but the combination of Graphene back-end + referral programme + sell-able product is what's required. So I wouldn't be surprised to see it do very well.

Well analysed. One thing though.  Muse does not have an intention for referral. In fact, cob mentioned he would want 'middleman' out of the equation.
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Empirical1.2

#6
Quote from: BTSdac on October 30, 2015, 04:33:14 AM
how many bts are paid by work contract now ?
I  think we should let more people promote bts by this function.

Quote from: CLains on October 30, 2015, 10:11:38 AM
yeah I think so too. referral program is great, but it ain't everything.

The referral program won't work without a product to sell.

The core product is BitAssets, but without a credible plan for liquidity/incentives for market makers it will be very slow going to attract regular customers.

If you're struggling to artificially create BitAsset liquidity then you have to look at introducing other key sellable products that will bring  users in and who will slowly create that liquidity over time. But paying more people to promote BTS but with nothing users want to buy when they get here is not the answer imo. 

On this principle, I will still have to look at the final product Muse/Peertracks is going to be selling, but the combination of Graphene back-end + referral programme + sell-able product is what's required. So I wouldn't be surprised to see it do very well.


If you want to take the island burn the boats

xeroc

Quote from: maqifrnswa on October 30, 2015, 11:20:24 AM
10000 bts per day is being paid
but not all of these are payed to actual people .. most of it is burnd .. isn't it?

maqifrnswa

maintains an Ubuntu PPA: [url="https://launchpad.net/~showard314/+archive/ubuntu/bitshares"]https://launchpad.net/~showard314/+archive/ubuntu/bitshares[/url] [15% delegate] wallet_account_set_approval maqifrnswa true [50% delegate] wallet_account_set_approval delegate1.maqifrnswa true

CLains

#3
yeah I think so too. referral program is great, but it ain't everything. i've seen two bitcoin bull-runs up close, and if anything like that happens, worrying about yearly % is missing the point by two orders of magnitude. besides, anyone we get to do real work for BitShares will almost invariably become strong hands emotionally attached to the ecosystem.

currently nobody is even bothering to ask, meaning we need to encourage people to try anything they might think worthwhile that they can contribute with, instead of in any way restricting the space of possibility in advance for what kind of workers might get voted in.
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xeroc


BTSdac

#1
how many bts are paid by work contract now ?
I  think we should let more people promote bts by this function.
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