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Stakeholder Proposals / Re: MAKE DPOS HISTORY - VOTE! for MineBitShares AKA BunkerMining Project!
« on: August 29, 2015, 01:43:28 pm »Much appreciated![...]I see that you put a lot of work into it as you laid out in your post.
The question I would like to have an answer for is (I didn't see an answer to that in your text) how effective the pool is: For example: overall cost (incl. development work, subsidized payouts etc) / NEW user introduced to the wallet.
My opinion is that if that is not a good ratio or the ratio is not known then 6 delegates adds quite a bit of dilution and therefore selling pressure for something that is not effective or at least not proven to be effective. The two delegates that were in there (also at a higher market cap) should have been enough to prove this marketing method to justify 6 delegates quantifyably.
I like that you put a lot of thought and effort into your post but I would prefer a concise reply that is on point (not longer than necessary; I had a hard time seeing an answer to my question in your last post )
It's not just a new user introduced to the wallet. It's a regular user generating transactions and volume on a almost daily basis.
Based on our current averages, a user generates $2 a day and is paid out in bitUSD. This means that we are effectively holding triple the BTS.
There is a buy and there is a sell. Each day presenting we are buying up bitUSD to pay out miners. Following each individual payout they are either holding, using, or converting to something else. Either way the volume is coming to bitshares along with all the transactions. It also appears that a lot number of the miners are holders.. they are using the mining as a way to earn BTS.
The delegates we had went towards bonuses of the current pool primarily and some towards dev as I already stated.
Edit: I have had this sitting in my browser since yesterday and I have rewritten it a few times.. I realize now I just need to put out more detailed plans on development and growth so that its more concise for everyone to access. I will take some time out over this weekend to try and get this out to you and everyone by early next week. I thought I would at least post this so you know I am not ignoring your question.
What I'd like to see is a calculation /estiamte based on the numbers that have been generated up to now. Amount of funds used vs amount of transaction fees generated (plus possibly estimate over future tx fees). Such a calculation / numbers are much more objective than all the texting we are doing here...