Their profit model is that of bitcoin, asset appreciation.
100% of revenue is paid to miners.
A *more* important question for them is will it be more profitable to implement BitShares on top of Ethereum or with its own chain? As a developer building a new DAC I would have to conclude I could lower expenses and increase revenue and decentralization by building my own chain. One time development costs are nothing compared to the life time a DAC is designed to operate an the value of that DAC.
I agree with the latter.
100% of revenue is paid to miners.
You are right from a labor theory of value standpoint
In the end most people profit form price increase due to demand increase due to (potential) usability.
But I dont get the ROI model. Bitcoin has stepped up to be a currency for day to day transactions and a store of value (right now mostly valued because of its network strength). But ethereum advertises itself with being just a base layer so no services like bitcoin (basic money transfer) so there would be no value if nothing i built upon it. How do they want to avoid that I come along build on it and dont let ether holders profit from it? And how could I let the ether holders profit from it?
bytemaster, are you sure the system doesn't allow to have a separate chain but still using it/building upon it?