BitShares Forum
Main => General Discussion => Topic started by: bdnoble on July 24, 2014, 02:33:07 pm
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So every delegate that doesn't have 100% pay rate destroys some BTSX. Is there anything that ever creates it back? I realize that with 2B shares and at the current rate of destruction it will be a long time before it matters at all, but I was just wondering.
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So every delegate that doesn't have 100% pay rate destroys some BTSX. Is there anything that ever creates it back? I realize that with 2B shares and at the current rate of destruction it will be a long time before it matters at all, but I was just wondering.
Nothing creates new shares in this version.
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Is that part of the market functionality that will come later? I thought I remember hearing that somewhere.
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Is that part of the market functionality that will come later? I thought I remember hearing that somewhere.
New shares are not created, the market function allows you to issue different TYPES of shares and trade among them.
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I had similar concerns until, as you said, I did the math. At the current burn rate of 2200 shares/day it will take 250 years to destroy 10% of the supply. So even if the burn rate increases by a factor of 10 we'll still have 90% of BTSX shares left after 25 years.
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Is that part of the market functionality that will come later? I thought I remember hearing that somewhere.
New shares are not created, the market function allows you to issue different TYPES of shares and trade among them.
So I know there isn't any guarantee of 5% dividends but 5% has been mentioned. So is it okay that 5% of the supply is destroyed every year with no increase ever? I really don't know that much about economics. If the supply gets too low in 30 years would it require a stock split or something like that?
Obviously the burn rate will be increasing as transactions increase.
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Is that part of the market functionality that will come later? I thought I remember hearing that somewhere.
New shares are not created, the market function allows you to issue different TYPES of shares and trade among them.
So I know there isn't any guarantee of 5% dividends but 5% has been mentioned. So is it okay that 5% of the supply is destroyed every year with no increase ever? I really don't know that much about economics. If the supply gets too low in 30 years would it require a stock split or something like that?
Obviously the burn rate will be increasing as transactions increase.
Sent from my iPhone using Tapatalk
5% of 2 billion is a larger amount than 5% of 1billion. The amount (5%) keeps getting smaller as the float decreases. You could subtract 5% infinite number of times, theoretically. At least until you get near the lowest divisible unit of BTSX.
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There was never a promise of 5% dividends on shares.
There was originally a plan to pay 5% *interest* on *BitAssets*.
There's no way you could possibly "promise" a 5% return from the DAC itself.
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Is that part of the market functionality that will come later? I thought I remember hearing that somewhere.
New shares are not created, the market function allows you to issue different TYPES of shares and trade among them.
So I know there isn't any guarantee of 5% dividends but 5% has been mentioned. So is it okay that 5% of the supply is destroyed every year with no increase ever? I really don't know that much about economics. If the supply gets too low in 30 years would it require a stock split or something like that?
Obviously the burn rate will be increasing as transactions increase.
Sent from my iPhone using Tapatalk
5% of 2 billion is a larger amount than 5% of 1billion. The amount (5%) keeps getting smaller as the float decreases. You could subtract 5% infinite number of times, theoretically. At least until you get near the lowest divisible unit of BTSX.
There was some discussion of this at one point, and bytemaster seemed to say that it wouldn't be hard to do something like a stock split, where you increase both the supply and everybody's balance by 10x simultaneously.
But yeah, btsx has like 14 orders of magnitude of precision so it would take a while to burn the supply so low that it would matter.
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There was never a promise of 5% dividends on shares.
There was originally a plan to pay 5% *interest* on *BitAssets*.
There's no way you could possibly "promise" a 5% return from the DAC itself.
Oh okay. That was the key thing I was missing. I get it now.
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