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Offline toast

*Final, guaranteed* allocation.
« on: August 07, 2014, 08:48:47 PM »

20% AGS
20% PTS
10% Developer
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.

Equivalent to:

40% AGS
40% PTS
20% Developer
Diluted up to 2x to pay outsiders for whatever we want



Deal with it, start talking about where the remaining 50% needs to be spent.
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline xeroc

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Re: *Final, guaranteed* allocation.
« Reply #1 on: August 07, 2014, 08:52:56 PM »
+5%

Finally investors can buy PTS ;)
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Offline Shentist

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Re: *Final, guaranteed* allocation.
« Reply #2 on: August 07, 2014, 09:00:42 PM »
great  +5%

a soon decision is better for the PTS buyers, or anyone who is interested in investing in PTS

Quote
Delegate subsidy equation (assuming 10 second blocks):
     block_pay = delegate_subsidy_remaining / 5000000
So the *maximum* number of new tokens created after T years is given by:
     7000000000 - (7000000000 * (1 - 1/5000000)^((3153600)*T))
(there are 3153600 blocks per year)

Quote
Delegate subsidy equation (assuming 10 second blocks):
     block_pay = delegate_subsidy_remaining / 5000000
So the *maximum* number of new tokens created after T years is given by:
     5000000000 - (5000000000 * (1 - 1/5000000)^((3153600)*T))
(there are 3153600 blocks per year)

toast is this formular still ok, or have you make some changes here as well?

would be nice to updated the snapshot post as well

Offline Empirical1

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Re: *Final, guaranteed* allocation.
« Reply #3 on: August 07, 2014, 09:07:54 PM »
great  +5%

a soon decision is better for the PTS buyers, or anyone who is interested in investing in PTS

 +5%

Good luck with the DAC Toast! 


Offline toast

Re: *Final, guaranteed* allocation.
« Reply #4 on: August 07, 2014, 09:09:32 PM »
Same formula:

block_subsidy = remaining_pool / 5000000
remaining_pool -= remaining_pool / 500000
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline Riverhead

Re: *Final, guaranteed* allocation.
« Reply #5 on: August 07, 2014, 09:31:15 PM »
Great to have that decided.   +5%

Offline fuzzy

Re: *Final, guaranteed* allocation.
« Reply #6 on: August 07, 2014, 09:36:21 PM »
Worth bumping for maximum community eyes-on
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Offline sfinder

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Re: *Final, guaranteed* allocation.
« Reply #7 on: August 07, 2014, 11:51:54 PM »
Toast, could you please elaborate the meaning of "effectively whichever outside teams the developer chooses"? confused. do you mean delegates still getting up to 50% but may relocate some % of this part for other purpose ?

Quote
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.
微博:星在飘我在找|BTS X 受托人delegate ID:baidu
中国教育书店合作将20%收入捐献给贫困山区学生。
Cooperating with China Education Bookstore and will donate 20% of delegate income to the poor students

Offline toast

Re: *Final, guaranteed* allocation.
« Reply #8 on: August 07, 2014, 11:53:32 PM »
Toast, could you please elaborate the meaning of "effectively whichever outside teams the developer chooses"? confused. do you mean delegates still getting up to 50% but may relocate some % of this part for other purpose ?

Quote
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.

I just mean that with 20% of the initial stake it would take a true rebellion for AGS/PTS holders to outvote the core devs. As time goes on and more and more of the dev fund is spent, the devs will lose control.
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline sfinder

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Re: *Final, guaranteed* allocation.
« Reply #9 on: August 08, 2014, 12:02:59 AM »
LOL, you will be controlled by I3 for sure......
BTW., the most valuable asset for DNS is the domain names from long term prospective



Toast, could you please elaborate the meaning of "effectively whichever outside teams the developer chooses"? confused. do you mean delegates still getting up to 50% but may relocate some % of this part for other purpose ?

Quote
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.

I just mean that with 20% of the initial stake it would take a true rebellion for AGS/PTS holders to outvote the core devs. As time goes on and more and more of the dev fund is spent, the devs will lose control.
微博:星在飘我在找|BTS X 受托人delegate ID:baidu
中国教育书店合作将20%收入捐献给贫困山区学生。
Cooperating with China Education Bookstore and will donate 20% of delegate income to the poor students

Offline GaltReport

Re: *Final, guaranteed* allocation.
« Reply #10 on: August 08, 2014, 12:31:58 AM »
20% AGS
20% PTS
10% Developer
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.

Equivalent to:

40% AGS
40% PTS
20% Developer
Diluted up to 2x to pay outsiders for whatever we want



Deal with it, start talking about where the remaining 50% needs to be spent.

Good Deal Mr. Toast!  +5%

Offline Avant

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Re: *Final, guaranteed* allocation.
« Reply #11 on: August 08, 2014, 01:04:53 AM »
Great!  +5%
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Offline Overthetop

Re: *Final, guaranteed* allocation.
« Reply #12 on: August 08, 2014, 01:39:00 AM »
 +5%
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Offline Shentist

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Re: *Final, guaranteed* allocation.
« Reply #13 on: August 08, 2014, 05:15:45 AM »
50% for the delegates

to clear it

- if ALL the 101 delegate choose to burn 100% from day one, till the end the max cap of DNS will be 5 Bn (not really likely)
- if ALL the 101 delegate choose to burn 0% from day one, till the end the max cap of DNS will be 10 BN (not really likely)

- if the burnrate is with BTSX compareable than we will see something like 85% for the delegate and 15% burnrate. so we could expect max DNS available to be 9 Bn in the end.

so in the beginning 101 initial delegates will be collecting fees for the DEVS? so for some time the DEVS fund will increase, because the replacement will take time.

Offline helloworld

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Re: *Final, guaranteed* allocation.
« Reply #14 on: August 08, 2014, 09:42:30 AM »
 +5%
BTS:bts-hero

 

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