BitShares Forum
Main => General Discussion => Topic started by: kokojie on April 05, 2015, 04:31:37 pm
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I think there's some amount of doubt in the community, especially regarding 100% delegate performance, or whether some of them are just selling their delegate income immediately not holding any BTS.
I'm thinking, since the merger required investors (PTS/AGS holders) to have a vesting period. Shouldn't delegate pay also have a vesting period? Let's say delegate still get paid the same amount, but the BTS you get paid today, will be unlocked in 6 months time. So at any time, the delegate have at least a stake in BTS valued in 6 month pay, so the delegate is more motivated to increase BTS's value.
This move should immensely boost community confidence in the 100% delegates.
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+5%
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Delegates selling their BTS is a very minimal impact on the price... Delegates are clearly the believers in Bitshares and if they need to sell they only do so for a reason. We're sliding as some whales disappointed in the merger are still gradually unloading. Eventually they will run out and Bitshares will begin to climb again with adopters in the new system.
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I think there's some amount of doubt in the community, especially regarding 100% delegate performance, or whether some of them are just selling their delegate income immediately not holding any BTS.
I'm thinking, since the merger required investors (PTS/AGS holders) to have a vesting period. Shouldn't delegate pay also have a vesting period? Let's say delegate still get paid the same amount, but the BTS you get paid today, will be unlocked in 6 months time. So at any time, the delegate have at least a stake in BTS valued in 6 month pay, so the delegate is more motivated to increase BTS's value.
This move should immensely boost community confidence in the 100% delegates.
i was against the vesting periode on the BTS merger and i am against a vesting periode for the delegates.
simple reason - would you accept on your daily pay job that your employer will pay you after 6 month?
so the price is falling, ok i care, but i try to do something to change it and so should everyone step up and do something. I am absolutly against this kind of change, because i don't see any benefit from it.
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Delegates have to put 2weeks of pay upfront .. those ate burned and kind of equivalent of a 2 weeks vesting period .. so we already have this implemented!!
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Delegates could potentially lock their own incoming funds publicly for x months to show commitment.
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Delegates could potentially lock their own incoming funds publicly for x months to show commitment.
delegates have to pay taxes at the time they receive the income which means selling 33% just to be safe. $800 represents about 3 days worth of developer time in the US and quite frankly, every single developer is more than earning that pay.
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6 month is too long. The delegate is hard to pay their bills. I think the pay paid monthly will be better.
But we'd better not change this, unless it is needed.
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How will the market react, when the specified date of the vesting period matures?
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This idea is idiotic, all it does it delay every delegate's project. Marketers wouldnt be able to get funds, developers would just say "as soon as I actually start getting funds, I'll release my code", and so on.
It also has no benefit at all.
There is already a 2 week fee to register delegates which addresses this issue.
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Delegates selling their BTS is a very minimal impact on the price... Delegates are clearly the believers in Bitshares and if they need to sell they only do so for a reason.
I agree and moreover it is their income.