50/1010*60*60*24*14=59881
Thanks!
Is that the official, and exact number?
It's important to get this right so I don't make a mistake trying to raise the wrong amount of capital
wait .... you do know the chance you're getting 100% payrate is nearly to zero , right ?
Not unless you've got a big enough stake. Then you enjoy 100% pay rate for sometime before being voted out, then you register another and repeat.
It can be made unprofitable by increasing registration fee, but that only means higher barrier to entry of those who genuinely need 100% pay rate.
The registration fee is 2 weeks. Also it is ridiculous to think that someone a huge amounts of BTS stake would attack the blockchain he is invested in for such a tiny reward. The larger your stake in bitshares, the more you have to lose from anything that hurts bitshares.
currently it takes 142,835,792 btsx to be number 101.
142,835,792*.02=$2,856,715
now for this 2.8 mill you are going to be able to vote delegates in and collect $2,500 a month
I figure you would be able to get 3 in so max return is 7,500 a month.
I also figure You may get away with it for a month before people catch on then you have to rinse and repeat.
The only people I would really be worried about doing something like this is exchanges. They have demonstrated the have access to big stakes and sure why not play with the voting power to earn some passive income because in the end they are fine even if we fail.
If exchanges all ready use their clients shares to vote delegates in for less money now with btsx why wouldn't they do the same thing for bts?