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General Discussion / Re: Each witness is getting paid $1200+ because of the price rise.
« on: April 21, 2017, 10:03:45 am »why do you think it's worthless if it can be used as the fee?If I had a chance, I will redesign the fee system.
1. change all fee asset from BTS to FEESUSD which belong to committee. all fees will priced on this FEESUSD.
committee only need to sell FEESUSD for bitUSD to increase the supply .
2. all witness and worker will get payment in FEESUSD.
if you don't have faith in Bitshares, or if Bitshares can't get enough users, the FEESUSD is rubbish,
in the other hand, the FEESUSD is exactly 1 USD's worth.
3. no new BTS need create. committee can use bitUSD to buyback BTS andT burn it to give back profit to all BTS holders.
Who would work for a worthless UIA with no collateral or leverage value?
fiat USD is create backed by the future USA tax income.
FEEUSD is create backed by the future BTS fees income.
it's fair, you want get payment from Bitshares you must have faith on FEEUSD.