Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: Is BTSX inflating?  (Read 374 times)

0 Members and 1 Guest are viewing this topic.

Offline ripplexiaoshan

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1982
    • View Profile
  • BTS: xiaoshan
Is BTSX inflating?
« on: October 01, 2014, 04:31:44 AM »

"blockchain_share_supply": "1,999,980,098.06896 BTSX",

If I remember correctly, a few days ago, this number was much smaller, and it should be reducing, because many delegates are burning their income. For example, my delegate is burning 50%. However, the share supply suddenly increased. Did I miss something or the consensus was changed?

BTW, I like the previous "OVERVIEW" page of wallet, because users can see the daily burning, daily expense, etc.. 
BTS ID:xiaoshan                   www.yoyow.org      www.btsabc.org      www.openledger.info

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12176
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BTS: xeroc
  • GitHub: xeroc
Re: Is BTSX inflating?
« Reply #1 on: October 01, 2014, 07:05:14 AM »
Citing BM from another thread
Yes, laddies and gentlemen, the BTSX supply is over 2 billion as a result of multiple bugs identified and fixed weeks ago.  The surplus supply will be burned from our own funds to return it to the proper supply.  We didn't want to spook people until we had the burn operation implemented so that we could correct it.

So where did this extra supply end up going?

1) Mostly to the delegates... our calculation of delegate pay was off and thus we miscalculated the running supply.   We stated earlier our intent to compensate delegates for the extra hard work they were doing, this particular bug just helped us do what we were planning on anyway.  Delegates running at a discount didn't have their pay burned like it was supposed to be.

2) Some white hat individuals who identified bugs and reported them to us privately after they exploited them.  We were able to fix the bugs without much being created.
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline ripplexiaoshan

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 1982
    • View Profile
  • BTS: xiaoshan
Re: Is BTSX inflating?
« Reply #2 on: October 01, 2014, 07:15:56 PM »
Citing BM from another thread
Yes, laddies and gentlemen, the BTSX supply is over 2 billion as a result of multiple bugs identified and fixed weeks ago.  The surplus supply will be burned from our own funds to return it to the proper supply.  We didn't want to spook people until we had the burn operation implemented so that we could correct it.

So where did this extra supply end up going?

1) Mostly to the delegates... our calculation of delegate pay was off and thus we miscalculated the running supply.   We stated earlier our intent to compensate delegates for the extra hard work they were doing, this particular bug just helped us do what we were planning on anyway.  Delegates running at a discount didn't have their pay burned like it was supposed to be.

2) Some white hat individuals who identified bugs and reported them to us privately after they exploited them.  We were able to fix the bugs without much being created.

Thank you, xeroc, can't believe I missed that important post. I hope their is a way to subscribe all BM's posts.. :)
BTS ID:xiaoshan                   www.yoyow.org      www.btsabc.org      www.openledger.info

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12176
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BTS: xeroc
  • GitHub: xeroc
Re: Is BTSX inflating?
« Reply #3 on: October 01, 2014, 07:35:33 PM »
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

 

Google+