BitShares Forum

Main => General Discussion => Topic started by: Pheonike on June 10, 2015, 08:37:41 pm

Title: When Bitshares can pay for itself.
Post by: Pheonike on June 10, 2015, 08:37:41 pm

Just thinking when we reach the point that VPS providers and hardware vendors accept BitAssets for products and services, the Bitshares network will be able use its own bitassets to pay for the computing power its needs to secure and generate itself!!! It will be it's own renewable energy!!!

(http://i.giphy.com/EldfH1VJdbrwY.gif)

Title: Re: When Bitshares can pay for itself.
Post by: Ben Mason on June 10, 2015, 10:16:21 pm

Awesome clip, love it.....skadouche!  +5%

Title: Re: When Bitshares can pay for itself.
Post by: roadscape on June 10, 2015, 10:30:02 pm

In the future, datacenters will compete to host witness nodes based on what they can offer in terms of diversity, reliability, and resilience (uninterrupted power, physical/network security, disaster recovery, etc). There might be no more than 20 active witnesses, but each will be hosted in a different country. Countries would be picked strategically so as to minimize collusion. (but it's up to the voters of course) 8)

Title: Re: When Bitshares can pay for itself.
Post by: CLains on June 11, 2015, 04:17:22 pm

432k BTS a day. 3k USD today at 20 million marketcap. At 200 million it's 30k USD a day. At 2 billion it's 300k USD a day. :D

Title: Re: When Bitshares can pay for itself.
Post by: Pheonike on June 11, 2015, 04:34:19 pm

With enough automation, we can get to the point where the network itself provisions it's own witness nodes based on a set of risk parameters.  We dictate that the network retain at least 5 nodes around the world that it operates in case of emergency.