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General Discussion / Re: Meeting with Virginia Tech
« on: April 15, 2014, 09:35:18 pm »
any collaboration for a new DAC venture with VT? Educational or institutional DAC?
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Sorry guys for missing this . But I want to know how much bitshare from the snapshot? Originally, it was 4 million shares. But as I saw the specs on the website, it is 8 million. What is the final number of shares for bitshare?
First, it doesn't really matter since all DACs transact in BIPs - as a billionth of the total shares in circulation.
Second, since it doesn't really matter, we thought we might as well go with a lucky number that our Chinese friends have recommended.
Hence the 8,000,000 shares = 1,000,000,000 BIPS.
That means, for XTS,
PTS holders get 500,000,000 BIPs and
AGS holders get 500,000,000 BIPs
A BIP will start out as 1/125 shares, but as dividends are paid by destroying shares this number will gradually erode.
This means if you start out holding, say, 1000 BIPS you'll watch that number grow as dividends are paid instantly every time a transaction takes place somewhere in the world and a grain of XTS dust is destroyed and split among all shareholders and delegate employees.
Computational efficiency and instant gratification are the bottom line.
ok let me break this down.
After Feb 28 snapshot
total coins /coins generated percentage stake@bts
PTS -2,000,000 / 1,500,000 = 1.33
AGS -2,000,000/ 600,000 = 3.33
If I have 20 AGS and applied the 4M cap scenario I will basically have 66.6 BTS
Now with related to 8,000,000 shares, how much value in BIPS if I have initially 66.6 BTS after snapshot?
Multiply by 125.
Sorry guys for missing this . But I want to know how much bitshare from the snapshot? Originally, it was 4 million shares. But as I saw the specs on the website, it is 8 million. What is the final number of shares for bitshare?
First, it doesn't really matter since all DACs transact in BIPs - as a billionth of the total shares in circulation.
Second, since it doesn't really matter, we thought we might as well go with a lucky number that our Chinese friends have recommended.
Hence the 8,000,000 shares = 1,000,000,000 BIPS.
That means, for XTS,
PTS holders get 500,000,000 BIPs and
AGS holders get 500,000,000 BIPs
A BIP will start out as 1/125 shares, but as dividends are paid by destroying shares this number will gradually erode.
This means if you start out holding, say, 1000 BIPS you'll watch that number grow as dividends are paid instantly every time a transaction takes place somewhere in the world and a grain of XTS dust is destroyed and split among all shareholders and delegate employees.
Computational efficiency and instant gratification are the bottom line.
The total market cap may be increase to accommodate small to medium investors but I think 400 million is too much . Maybe max will be 50 million. So that BTS may price around $5 to $8 /bts.
The only way market cap increases is if price rises on existing shares. You can't increase market cap by creating new shares.
Market Cap is the monetary value of all existing shares.
Float is the total number of shares. Or you know, you could just say "total number of shares".
Increasing the Float does not mean Market Cap will increase.
If a stock is worth $100 and you split it, it doesn't mean you just automaticity created 2 shares worth $100 each. You just created 2 shares worth $50 still maintaining the $100 value pre split.
The only thing it mostly like will do, raising the float, is possibly make BTS more liquid. Which in no way means it will be worth more.
Any airdrop for remaining DACs will more than pay for itself. This will increase the market cap and your shares will be worth much more.
Hence, the airdrop would bring more people in and immediately jump start this to a level that would be difficult for any imitator to surmount. I think it's brilliant.
Just a wild idea. What would be the pros and cons of that?