How will this work? Well, Bitcoin has for years issued 50 new bitcoin “shares” ...
policy gradually increases the supply of its shares but does nothing to increase
their value because the work done has no residual benefit.
EDIT:
corrected delegate pay rate and percentLets compare to our network.
Just for fun, lets compare to Bitcoin:
hours_month=30*24
blocks_month=hours_month*6
btc_per_month=blocks_month*25
btc_cost_per_month=btc_per_month*324.48
=$35,043,840.00 / month
We pay 101 delegates about 100/month last I checked. That was
at 3 cents per Bitshare.. Today at about 1.5 cents that is about $5,000
per month.
What is the percent?
35043840/5000 = 7008.768
So, given market values as of this writing, we run at a rate that is 7,000 times (or 700,000%) more efficient than Bitcoin.