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General Discussion / Re: A BitShares Constitution?
« on: October 31, 2014, 11:07:20 pm »
We hodl these truths to be self evident...
Hehe.
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We hodl these truths to be self evident...
Once turning complete scripting is implemented in the SuperDAC, how will it be different than Etherium is trying to be?
Will the BTS total supply appear as 2.5 Billion on Nov 5th?
I think that would be preferable. As otherwise our perceived rate of dilution will be a lot higher.
Bitcoin halving will result in unprofitable mining! pretty quickly. .
Quote08-01-2016. Everyone who understands that date knows exactly what will happen
Please tell me... what happens on that date?
If that is the case this needs to be emphasised! Why did BM say 8% was the maximum today on mumble? People are making valuations and selling based on what they think the inflation will be.
No new information... just all condensed and explained better than before.
This will have the final announcement that we promised this week.... additional processes we have implemented have delayed release a tad, but I wanted to let everyone know it has been written and looks very good.
I thought the maximum annual dilution is 8%?
Is the new question: Should that be periodically lowered to stay below bitcoin as bitcoin is lowered via the block reward halving?
To which I say, yes.
The code is the constitution. Nothing more is needed.
Extreme emergency or extreme opportunity.... I think we can put this kind of thing up to a vote that requires 75% stakeholder approval and allows stakeholder to buy/sell their approval would do the trick.
Having the ability to change the dilution rate with some established process that is deemed "hard but not impossible" is what is needed.
We should probably write our declaration of independence as well.
Interesting idea. I can see both sides of this discussion.
a) Fixed dilution limits future unknowns.
b) Fixed dilution gives investors peace of mind.
I can't decide.
So we are getting more BTS share-dropped on us along with DNS?
Your link for submitting questions takes you to the thread for last week's show, not today's.
dang..you are right.