I would think there are some wallets with millions that are frozen or something.
So apparently there are 2,511,953,117 bitshares in existence currently.
The current price is hovering between 1.5k-2.5k satoshis.
Does that not seem a little inflated? I would expect the price to be a lot less. Could anyone help me understand the price justification? It seems somewhat fixed, I would think there are some wallets with millions that are frozen or something. But then again, BTS is one of the most prominent altcoins that regularly holds >$100k daily volume.
I haven't been part of the community long, considering investing some money into this project but I can't seem to find any justification for the price. I appreciate any insight, it's just hard to believe an altcoin with this many units in supply can be this valued.. although i do see the value. DPoS model seems to be what banks are going to utilize.
So apparently there are 2,511,953,117 bitshares in existence currently.
The current price is hovering between 1.5k-2.5k satoshis.
Does that not seem a little inflated? I would expect the price to be a lot less. Could anyone help me understand the price justification? It seems somewhat fixed, I would think there are some wallets with millions that are frozen or something. But then again, BTS is one of the most prominent altcoins that regularly holds >$100k daily volume.
I haven't been part of the community long, considering investing some money into this project but I can't seem to find any justification for the price. I appreciate any insight, it's just hard to believe an altcoin with this many units in supply can be this valued.. although i do see the value. DPoS model seems to be what banks are going to utilize.
I would think there are some wallets with millions that are frozen or something.
Correct, the vested balances.
Do you think this project isnt worth 10 million? Look at market cap, not the price of one individual coin.
I would think there are some wallets with millions that are frozen or something.
Correct, the vested balances.
Is this the same thing as staking in normal PoS? I'm reading through the wiki now, not finding much about it. I found this:
So only the 101 delegates stake BTS? I understand they are the ones privileged with signing blocks, so technically they're the only ones 'mining' the network?
I wouldn't be able to stake my BTS and receive interest like in Peercoin, unless I became a delegate?
... I understand they are the ones privileged with signing blocks, so technically they're the only ones 'mining' the network? I wouldn't be able to stake my BTS and receive interest like in Peercoin, unless I became a delegate?I would think there are some wallets with millions that are frozen or something.
Correct, the vested balances.
Some earlier IPO investors have their funds dripped into their accounts so that they cannot dump massive amounts at a time. It has nothing to do with mining.. we simply vote for our miners (who and how many)
BTS pays witnesses to sign blocks and workers to perform tasks.
Both are elected by shareholders.
Referrers earn 80% of fees from everyone they refer.
Shareholders earn 20% of transaction fees paid as dividends by taking them out of service.
Collateralized bonds will pay peer to peer interest in version 2.1
So, you can earn with BTS, just by doing a variety of useful things.
As BitShares supply can be deflationary if more fees are burned than new BTS released you can still grow your BTS holdings relative to total supply just by holding. Just like a stock buyback.
As BitShares supply can be deflationary if more fees are burned than new BTS released you can still grow your BTS holdings relative to total supply just by holding. Just like a stock buyback.
This isnt going to happen for at least another year. Calculations:
daily = 5e8 / (365 * 2)
684931 // new shares/day from vesting
daily * $0.004611
$3158
Until the vesting ends, BitShares needs to generate at least $3158/day in fees to be deflationary, and that doesnt include delegates.