I would think there are some wallets with millions that are frozen or something.
Correct, the vested balances.
Is this the same thing as staking in normal PoS? I'm reading through the wiki now, not finding much about it. I found this:
"They [delegates] also post a small bond equal to 100x the average pay they receive for producing a single block. To make a profit a director must have greater than 99% uptime."
So only the 101 delegates stake BTS? I understand they are the ones privileged with signing blocks, so technically they're the only ones 'mining' the network? I wouldn't be able to stake my BTS and receive interest like in Peercoin, unless I became a delegate?
Do you think this project isnt worth 10 million? Look at market cap, not the price of one individual coin.
$10m market cap is fair, also Bitshares price was resting at what looks like an all time low (1500satoshis). Just wanting to make sure what i'm buying into. The community here is certainly far more active than most other cryptos, actually might be the MOST active. I'm also convinced DPoS is the right way to go as far as market-adoption. The combination of democratic voting along with a public blockchain that gives 100% transparency to their actions is... amazing. Almost too good to be true. Hence my scrutiny over the current price.
Just gotta make sure before I jump on board.. thanks all for helping this noob out.