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General Discussion / Re: where is 『delegate-clayop』 ??? update Price Feeds 12 days ago!!!!!
« on: April 20, 2017, 08:52:44 am »
delegate-clayop removed my vote for witness and committee
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Great introduction, roelandp and welcome to the BitShares community.
It's a perfect timing to get yourself acquainted with the tech.
Would you be open to help organize a BitShares-dedicated event in Munich sometime?
It just makes me so mad that that market cap is less than Ardor. Which doesn't even EXIST! It's a token with a promise and ZERO users and no advantage over bitshares, which is well established and doing >$100k in volume over a decentralized exchange.
The only advantage Ardor might have is the secure messaging system. Which BTS could easily do. Echo will cover this right?
How about other options like:
Current fee allocation: Proposed new fee allocation:
20% -- network 20% -- network
80% -- referral 70% -- referral
10% -- Dividend to ALL users (exchanges - question mark)
If the value of BTS goes up, we should be able to scale back on the witness/worker pay thus boosting the reserve pool.
A business should not pay any dividends until it is profitable. We should first make whatever is necessary to make the chart in http://cryptofresh.com/reserve go upwards
Thank you for that link @paliboy, I was hoping such a thing existed.
Despite the huge stockpile of resources the reserve pool has, the graph says it all, that ultimately the path we're on isn't sustainable. We need to make that graph go up (or ideally stay flat, with increases going back to shareholders as dividends).
The question in my mind now is how the hell did the reserve pool get so big in the first place? There is no ramp from 0 going up? Did it start high b/c of some initial injection? Where did that come from and who provided it?
means existing businesses (OL/Blockpay/etc) lose 30% of income stream and get nothing in return.
sounds like a great idea to drive them away, then we can watch grass grow here, because bitshares will be dead for good
50% - network
20% - referral
20% - bitAsset interest
10% - LTM dividend
I thought about this many times. Let me share this recent one.
Block rewards and workers are payed from reserve fund. Obvious solution would be that reserve fund gets ability to pay in MPA assets.
I am not familiar how hard proposed change would be, but for the purpose of this brainstorm lets pretend it is feasible.
It is already discussed many time so I wont repeat, but reserve fund should not be maintainer of collateral positions because it is not able to cope with market forces. But it could borrow MPAs from shareholders and traders which can. It could borrow on market established interest rate (like 5% meme) let the market decide, up to some figure, for instance two year worth of expenses(adjustable by comity).
Interests would be payed from reserve fund in BTS at feed price on hourly bases like vesting balances. The long position could be settled at any time from the reserve fund in BTS at current feed price. Everyone who want to settle MPAs could get current feed price worth of BTS from reserve fund, within 24 hour to prior notice as already defined (settle option). These acquired MPAs could burn the dept, so dept account could also have negative balance. The fact that this market opportunity has limited supply should provide additional incentive for borrowers. The liquidity would be increased slowly at a peace of about 2000 bitUSD/day.
Two years worth of expenses in bitUSD, at current price, is about 1.32 mil. It is impossible to make any predictions, but such a change could easily double the BTS price in short time. There is inbuilt fluctuating factor in every price, including witness pay and workers price. With bitUSD price denomination for witness and workers pay, I am confident it could at least cancel additional interest expenses.
Also improve liquidity, get market adjust BTS supply, get more incentive for witness and workers, provide more transparent pricing and steady stream of fresh MPAs liquidity.
* The entity/business could run with the BTS or simply not burn it