Excuse me everybody ,my English is poor,but I try to express my views in international , so I hope my words can been understood
thank you.
why many people in the world praise BTC, I think one reason is that BTC is a low cost payment system. because of this reason partly, BTC become popular with people. actually the translation fee of BTC is expensive ,let me analyse , pay 25 btc to block producer (miner) per block. it is cost of this block. the average of translation per block of btc is about 500 now. so you can calculate cost of per translation . now price of BTC is 323 usd. 323*25/500=16 usd, cost is expensive, but why translation fee is cheap ,I think the reason is translation cost is paid by dilution not by sender of BTC.
if we change the rule of btc, there is no dilution of btc, all 25 btc is collected from translation fee, it mean the translation fee is 16 usd ,each sender of btc have pay 16 usd for this translation. I think only few people think translation fee of btc is cheap and few people use it .
so we should create a system encourage people to translation . let translation fee is cheap even close to zero. because DPOS does`'t need to find lucky no. so we are much much better than btc about cost.
in the future, why people like pay using bitusd, translation fee is cheap. stable value , etc. so if we set high translation fee, it will reduce attraction to end user. but more people use bitusd and more value of BTS.
So I think we should set translation fee close to zero to attract more end-user using bitusd . and gentle dilute BTS to pay delegate and developing
so I think gentle inflation is benefit to BTS
but there is only a hard-coded limit of 50 BTS per block (~6.3% annually), so in theory supply of BTS can increase infinitely , though BM said the only 20 delegate can get 100% pay rate. but there is`t a hard code to control the total supply of BTS.
as BM said we should consider 10 years developing of BTS. if consider the average pay rate of delegate is 25%. the dilution of BTS is same as now model in 8.8 years
this have enough bts to using developing and marketing. and there is a max supply of bts is 3.2 b forever .
I think people hate to invest something uncertainty. it is so difficult to introduce BTS without max supply limited to new investor . though fact is the real dilution is lower to 3% per year. the max is
~8% per year. so no one know the max supply of bts. I don`t know why not set a top ceiling.
how about this model
the max supply of BTS is 3.9 billion , max pay rate is 50 BTS per block to delegate till the supply of BTX is up to 3.2 billion , max pay rate reduce to 25 bts per block if supply of bts between 3.2 billion to 3.55 billion,so:
supply of bts max pay per block how many year it will take if 100% pay how many year it will take if 25% pay
2.5 billion to 3.2 billion 50 ~4.5 years ~18 years
3.2 billion to 3.55 billion 25 ~4.5 years ~18 years
3.55 billion to 3.725 billion 12.5 ~4.5 years ~18 years
3.725 billion to 3.8125 billion 6.25 ~4.5 years ~18 years=
+++ 6.25/2
...............................
so the max supply of bts is limited to 3.9 billion
compare with BTC , max supply is 21M, and current supply is 13.4M, the totally dilution =21/13.45-1=56% ,the max supply of bts is 3.9 B, and current supply is 2.5 B , the totally dilution=3.9/2.5-1=56% , some dilution .
the figure show if the pay rate is 25% , situation of 50 bts per block can keep 18 years.
so there are much space to reduce the max dilution , if set the max supply of BTS is 3.2 billion ,the totally dilution =3.2/2.5-1=28% , it is half than BTC
if we set the max supply of BTS is 3.2 billion
then dilution model as follow:
supply of bts max pay per block how many year it will take if 100% pay how many year it will take if 25% pay
2.5 billion to 2.85 billion 50 ~2.2 years ~8.8 years
2.85 billion to 3.025 billion 25 ~2.2 years ~8.8 years
3.025 billion to 3.1125 billion 12.5 ~2.2 years ~8.8 years
3.1125 billion to 3.15625 billion 6.25 ~2.2 years ~8.8 years
the total dilution only is half of BTC. but also have enough BTS to attract and encourage join us