Author Topic: *Final, guaranteed* allocation.  (Read 13988 times)

0 Members and 1 Guest are viewing this topic.

Offline toast

  • Moderator
  • Hero Member
  • *****
  • Posts: 4001
    • View Profile
  • BitShares: nikolai
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

  • Hero Member
  • *****
  • Posts: 1205
  • 4 Cores CPU+100GB SSD+anti-DDoS Pro
    • View Profile
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 fuzzy

Worth bumping for maximum community eyes-on
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline Riverhead

Great to have that decided.   +5%

Offline toast

  • Moderator
  • Hero Member
  • *****
  • Posts: 4001
    • View Profile
  • BitShares: nikolai
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 Empirical1

  • Hero Member
  • *****
  • Posts: 884
    • View Profile
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 Shentist

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1601
    • View Profile
    • metaexchange
  • BitShares: shentist
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 xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
+5%

Finally investors can buy PTS ;)

Offline toast

  • Moderator
  • Hero Member
  • *****
  • Posts: 4001
    • View Profile
  • BitShares: nikolai
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.