Hi,
This looks interesting.
However I understand a shit what its all about.
You can mine BTS?
Sorry, noob here...
Can somebody please explain to me in 5 sentences what is this project about?
Thanks a lot
- You cannot mine bitshares directly
- You can mine alt coins at this pool which are sold for BitShares/bitUSD on the market
- Mining @ minebitshares.com is subsidized by the blockchain in form of delegate pay being ridirected to topup the mining payouts ..
- with more delegates being supported by the shareholders .. the miners will see a huge incentive to mine @ bitshares
- the dilution caused by this should be easily absorbed by the incoming users .. and if not .. shareholders are free to vote these delegates out again ..
Well said Xeroc! .. an in 5 sentences as requested!
Xeroc answered your question well. The project takes all altcoins and BTC and funnels it into BitShares. This increases usership, transactions, volume, and thus market cap.
With the power of bitAssets we have a disruptive technology opportunity. We just need to move to the next level with what we have already built.
Operating as a zero fees network with bonuses doesn't leave much for us to advance though with the current market cap. Thus our bid for additional delegates.
A vote for these delegates means a vote for increasing the value of BTS put simply.