The devs 80% was to be removed... didn't clarify that.

Oh,

HOLY FUCK THAT IS A BIG DEAL.

It means that our calculation that DNS should be like 75 satoshi right now...should actually be that DNS should be 300 some satoshi right now.



Ok I sold 80k BTSX and bought DNS with it at 150 sat. 

Either I misinterpreted Bytemaster and just lost a couple thousand dollars, or I was the first one to see him post this and just made a couple thousand dollars.

Information is a big deal!



Bytemaster can you please confirm:  The 3% allocation in BTS that is going to DNS holders is only going to those DNS shares that were already issued, and NOT to the billions of dev shares?

That means that we are only looking at about 1 billion DNS shares getting these new BTS, not 5 billion?

Quote from: bytemaster on October 21, 2014, 09:09:28 pm

Quote from: vlight on October 21, 2014, 09:05:51 pm

DNS gets only 3% unfairly. VOTE didn't had a market cap so it would be hard to argue, but DNS was valued at 200 satoshis minimum and had ~$4M market cap.

But only $10K in liquidity.   

where do you take the $10K figure from? there was at least 50M volume in the drop alone on btc38 (CNY and BTC)

I think he got it from bter volume.

But btc38 is bigger htan bter and had more volume.

$100k worth of liquidity is more accurate than 10k I think.

In order to cap inflation at 10%, inflation would be 63 BTSX (out of 2 billion) per 10 seconds.
If measuring out of 2.5 billion post-merger BTS, it would be 79 BTS (out of 2.5 billion) per 10 seconds.

This would result in 10% inflation during the first year if the max payout occurred. 

Quote

2 year vesting period... ie: you can withdraw early for a fraction of your cut.. if you want to sell after 6 months you get 25%... if you wait for a year you get 50%... etc. 

Is the vesting period for btsx, dns, Vote, AGS and PTS?

No vesting period on BTSX.

PTS allocation should have no lockout period, then it is fair.

At 2500 per block max, then the percentage of possible dilution declines over time, if supply grows.  (Just like in bitcoin).

It doesnt go exponentially increasing.  its only a linear increase.

I suggest we set ours at 2,500 BTS per block as this is very close to what BTC is doing now.

I love this idea!  Yes!!!

Its like the block reward that everyone already understands, yet "we can use the money on useful things". 


It also protects against some bug or scam or something immediately diluting the entire 10% for the year at once!  It has to be spread out over time, so that if shareholders dont like it anymore (because they dont see value in the moneybeing spent), they can vote it down and stop more dilution from occuring.