Main Menu

10,000,000,000 max coins?

Started by bitmarket, September 29, 2014, 09:31:36 AM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

bluebit

So the 10 Billion Max was put into the software to make it possible ... in the future for the shareholders to vote to increase the supply?
BTSX TipMe: bluebit

bytemaster

The maximum is a technical limit based upon 64 bit integers and double floating point precision rounded to a nice base 10 number.

For BTSX 2 billion is the max set by the social consensus.

For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

bitmarket

OK. Sounds like a non-issue.   FYI I got it from here http://bitsharesblocks.com/assets
Host of [url="//bitshares.tv"]BitShares.TV[/url] and Author of BitShares 101

xeroc


Frodo

If you have a look in the client at the assets tab you also find the maximum share supply 10 billion. No idea why this actually is.


>> blockchain_get_asset 0

{
  "id": 0,
  "symbol": "BTSX",
  "name": "BitShares X",
  "description": "Decentralized Autonomous Exchange",
  "public_data": "",
  "issuer_account_id": 0,
  "precision": 100000,
  "registration_date": "20140719T000000",
  "last_update": "20140719T000000",
  "current_share_supply": 199998457024777,
  "maximum_share_supply": 1000000000000000,
  "collected_fees": 16992815762
}


But yes there are never going to be more than 2B BTSX so I wouldn't worry too much about it.

matt608

Quote from: xeroc on September 29, 2014, 09:41:28 AM
what asset are you talking about?!

if you are talking about BTSX: maybe this helps:
https://github.com/dacsunlimited/bitsharesx/blob/master/libraries/blockchain/include/bts/blockchain/config.hpp#L75

there will NEVER be more than 2B

Are you sure?
Quote from: bytemaster on August 21, 2014, 05:26:34 PM
If there is not enough liquidity it is also possible for the network to "print" BTSX necessary to make great deals relative to a trusted feed."
https://bitsharestalk.org/index.php?topic=7065.msg96446#msg96446

svk

Maybe he found that on my site, I've been wondering about that too actually. I might need to apply another ratio to find the maximum supply, IIRC I used the same ratio as for the current supply and it comes out as 10 billion.
Worker: dev.bitsharesblocks

testz

Quote from: bitmarket on September 29, 2014, 09:31:36 AM
While I am in the question asking mood.  How will the remaining 8 billion get distributed?

From where you take these digits?  :) BitSharesX has total supply 2,000,000,000 BTSX

xeroc

what asset are you talking about?!

if you are talking about BTSX: maybe this helps:
https://github.com/dacsunlimited/bitsharesx/blob/master/libraries/blockchain/include/bts/blockchain/config.hpp#L75

there will NEVER be more than 2B

bitmarket

While I am in the question asking mood.  How will the remaining 8 billion get distributed?
Host of [url="//bitshares.tv"]BitShares.TV[/url] and Author of BitShares 101