Sorry guys for missing this . But I want to know how much bitshare from the snapshot? Originally, it was 4 million shares. But as I saw the specs on the website, it is 8 million. What is the final number of shares for bitshare?
First, it doesn't really matter since all DACs transact in BIPs - as a billionth of the total shares in circulation.
Second, since it doesn't really matter, we thought we might as well go with a lucky number that our Chinese friends have recommended.
Hence the 8,000,000 shares = 1,000,000,000 BIPS.
That means, for XTS,
PTS holders get 500,000,000 BIPs and
AGS holders get 500,000,000 BIPs
A BIP will start out as 1/125 shares, but as dividends are paid by destroying shares this number will gradually erode.
This means if you start out holding, say, 1000 BIPS you'll watch that number grow as dividends are paid instantly every time a transaction takes place somewhere in the world and a grain of XTS dust is destroyed and split among all shareholders and delegate employees.
Computational efficiency and instant gratification are the bottom line.