I have a question.
If someone has a lot of APshares in this case, does it mean he actually gain control of this DAC to a degree?
Since that writters are paid with APshares, can he sell his APshares to make APshares priced down?
Thanks in advance.
Based on the OP case study people buy shares in the authors articles so that they don't really have shares the APshares DAC as far as I can tell. Also the author doesn't receive APshares they are paid by dividends & transmission fees associated with people publishing the article to more people.
Thank you for pointing out my misunderstanding
Shares in the Author's Articles are backed by Shares in the AP DAC and royalties / etc earn shares in the AP DAC. An article becomes like a BitShares BitAsset that pays interest to the author rather than holder of the bitasset.
Ah yes of course, that makes sense. Still pretty new to all this, getting a slightly better understanding each day