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Offline jwiz168

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Playing has started.... how about the earnings?
« on: July 29, 2014, 04:09:26 AM »

Where are the dividends? People started to bet on LTS since it was launch. There are also winners I believe. When can the shareholders have there dividends?

Offline Markus

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Re: Playing has started.... how about the earnings?
« Reply #1 on: July 29, 2014, 08:14:53 AM »
There are no dividends. Better think of it as a stock buyback where the company retires the purchased shares https://en.wikipedia.org/wiki/Share_repurchase

Offline FreeTrade

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Re: Playing has started.... how about the earnings?
« Reply #2 on: July 29, 2014, 11:42:54 AM »
I agree - every ticket played is like a tiny stock buyback.
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Offline biophil

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Re: Playing has started.... how about the earnings?
« Reply #3 on: July 29, 2014, 02:41:25 PM »
I think of it as 2 kinds of dividends: explicit and implicit. If dividends showed up as transactions increasing your balance, that would be explicit. LTS has implicit dividends: shares are burned with each lotto ticket, which reduces the overall share supply. If demand remains constant, a decreasing share supply will drive up prices. Thus, the net effect in the long run is that you're being paid a dividend.

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Offline pc

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Re: Playing has started.... how about the earnings?
« Reply #4 on: July 31, 2014, 08:45:06 AM »
It would be nice to have some graphs:

1. Mining rewards paid out so far
2. Total LTS spent on tickets, 15% of same
3. Total LTS paid out on winning tickets
4. Total supply

In the long run this DAC is profitable  if 15% of LTS spent on tickets > mining rewards.
In the short run we're operating at a profit if total spent on tickets > mining rewards + payout for winning tickets.
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