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General Discussion / Re: Dan's Next Project - EOS Rears its Head
« on: May 04, 2017, 11:52:51 am »
Looking forwards to the sharedrop
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If you reward a short sale, you increase the price of the BTSLess BTS in circulation (more BTS locked up in bitAssets) means less BTS on the sell side thus easier to increase the BTS price.
If you pay interest for everyone who has bitAssets, then you will create bitAsset buy wall,
which will make it difficult to increase the BTS price.
That's why I do not like this idea.
But I think it would be most beneficial to pay dividends depending on the amount of collateral and open orders on DEX and only for LTM.
It should also be easier to implement.
Similar ideas were discussed here:
https://bitsharestalk.org/index.php/topic,23706.0.html
Anyway, first we have to be able to pay dividends or any other kind of simple profit sharing
How much "interest" do our miners make daily? Do they want to share it with the users of their chain?Witnesses (what you're referring to as miners) draw funds from the reserve pool, we're talking about reallocating fees for the purpose of profit sharing for asset holders.
Or do they choose to keep all the freshly created BTS for themselves?
Your questions were answered long ago when you chose not to subsidize liquidity, and so the capable man who wanted to code liquidity incentives for us for free, left.
Back then (before we voted to give our miners a raise) we said it would be too dillutive to incentivize market makers. How hypocritical are we?