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Beyond Bitcoin [closed] / Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« on: August 09, 2015, 10:32:37 pm »
Here is my question for next week's hangout:
According to bts blocks, we have 37 100% delegates resulting in inflation of 2.38% == 60 million BTS / year, or 164000 BTS / day.
My question is how can the increased fees earned in BTS 2.0 cover that daily deficit?
We currently average 600 BTS / day in fees. So we need to either fire some delegates or increase our daily earned fees x273.
While last week's philosophical discussion on the creation of money was interesting, is that really what we want to hear about? Everyone here already knows the current financial system is broken, but we arent going to "Replace the dollar" (33:05) if BitShares keeps expanding its money supply.
According to bts blocks, we have 37 100% delegates resulting in inflation of 2.38% == 60 million BTS / year, or 164000 BTS / day.
My question is how can the increased fees earned in BTS 2.0 cover that daily deficit?
We currently average 600 BTS / day in fees. So we need to either fire some delegates or increase our daily earned fees x273.
While last week's philosophical discussion on the creation of money was interesting, is that really what we want to hear about? Everyone here already knows the current financial system is broken, but we arent going to "Replace the dollar" (33:05) if BitShares keeps expanding its money supply.