Author Topic: BitShares X inactivity fees?  (Read 4867 times)

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Offline GordonS

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It allows the blockchain to be pruned and incentivizes voting.

Maybe I'm missing something, but:

  • How exactly does having you move your BTSX encourage voting?
  • What exactly is 'pruning the blockchain', and how is it beneficial?
  • Does the client give you a warning a while before you need to move your BTSX?

Offline gamey

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Just for clarity, to avoid 5% inactivity fee, can we just move 1 bts around from each account - or do all bitshares need to be moved each year?
ALL need to be moved

What's the point in this then?

Does the client give you a warning a while before you need to engage in this pointless exercise?

It allows the blockchain to be pruned and incentivizes voting.
I speak for myself and only myself.

Offline GordonS

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Just for clarity, to avoid 5% inactivity fee, can we just move 1 bts around from each account - or do all bitshares need to be moved each year?
ALL need to be moved

What's the point in this then?

Does the client give you a warning a while before you need to engage in this pointless exercise?

Offline xeroc

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Just for clarity, to avoid 5% inactivity fee, can we just move 1 bts around from each account - or do all bitshares need to be moved each year?
ALL need to be moved

Offline pgbit

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Just for clarity, to avoid 5% inactivity fee, can we just move 1 bts around from each account - or do all bitshares need to be moved each year?

Offline eagleeye

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so I send it from one bter account to another?

In case of exchange, avoid 5% inactivity fee will be exchange responsibility.
Your should do it only if you have BTSX in your wallet.

thank you for the knowledge

Offline testz

so I send it from one bter account to another?

In case of exchange, avoid 5% inactivity fee will be exchange responsibility.
Your should do it only if you have BTSX in your wallet.

Offline eagleeye

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so I send it from one bter account to another?

Offline tonyk

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You will have to send them to yourself at least once a year to avoid that 5% fee.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline eagleeye

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I was reading the FAQ on http://bitshares.org/faq/

It said "What fees are charged to users of BitShares X?...5% inactivity fee is assessed to every address that has had no activity for a full year"

What does this exactly mean?  Will I lose 5% of my BitShares X by just holding them or ?