BitShares Forum

Main => Technical Support => Topic started by: mike623317 on December 01, 2014, 04:56:43 am

Title: Available Supply of BTS
Post by: mike623317 on December 01, 2014, 04:56:43 am

Hi,

I noticed that the available supply of BitShares is 2,497,973,773 BTS. Bitcoin's is only 13,559,725 BTC.

To the untrained eye, 2 billion seems alot more than bitcoins 13 million. Just wondering why we have so many and if that number is static or might expand/contract as we move forward.

Thanks
Michael

Title: Re: Available Supply of BTS
Post by: Troglodactyl on December 01, 2014, 05:23:06 am

Quote from: mike623317 on December 01, 2014, 04:56:43 am

Hi,

I noticed that the available supply of BitShares is 2,497,973,773 BTS. Bitcoin's is only 13,559,725 BTC.

To the untrained eye, 2 billion seems alot more than bitcoins 13 million. Just wondering why we have so many and if that number is static or might expand/contract as we move forward.

Thanks
Michael

Indeed, it takes a great deal of training before those numbers appear equal. When you complete such training, you may qualify to work on budgeting for a national government.

To answer your second question, that supply increases with delegate pay and decreases with fees collected from transactions and registrations.  You can see a graph of the supply change here:  http://bitsharesblocks.com/supply  (http://bitsharesblocks.com/supply)

Deciding on the total supply number is partly technical and partly preference.  Most people would rather deal with millions than with millionths, so BitShares have a larger number, but are only divisible to 5 decimal places instead of Bitcoin's 8.