BitShares Forum
Other => Graveyard => KeyID => Topic started by: toast on August 07, 2014, 08:48:47 pm
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20% AGS
20% PTS
10% Developer
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.
Equivalent to:
40% AGS
40% PTS
20% Developer
Diluted up to 2x to pay outsiders for whatever we want
Deal with it, start talking about where the remaining 50% needs to be spent.
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+5%
Finally investors can buy PTS ;)
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great +5%
a soon decision is better for the PTS buyers, or anyone who is interested in investing in PTS
Delegate subsidy equation (assuming 10 second blocks):
block_pay = delegate_subsidy_remaining / 5000000
So the *maximum* number of new tokens created after T years is given by:
7000000000 - (7000000000 * (1 - 1/5000000)^((3153600)*T))
(there are 3153600 blocks per year)
Delegate subsidy equation (assuming 10 second blocks):
block_pay = delegate_subsidy_remaining / 5000000
So the *maximum* number of new tokens created after T years is given by:
5000000000 - (5000000000 * (1 - 1/5000000)^((3153600)*T))
(there are 3153600 blocks per year)
toast is this formular still ok, or have you make some changes here as well?
would be nice to updated the snapshot post as well
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great +5%
a soon decision is better for the PTS buyers, or anyone who is interested in investing in PTS
+5%
Good luck with the DAC Toast!
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Same formula:
block_subsidy = remaining_pool / 5000000
remaining_pool -= remaining_pool / 500000
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Great to have that decided. +5%
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Worth bumping for maximum community eyes-on
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Toast， could you please elaborate the meaning of "effectively whichever outside teams the developer chooses"? confused. do you mean delegates still getting up to 50% but may relocate some % of this part for other purpose ?
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.
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Toast， could you please elaborate the meaning of "effectively whichever outside teams the developer chooses"? confused. do you mean delegates still getting up to 50% but may relocate some % of this part for other purpose ?
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.
I just mean that with 20% of the initial stake it would take a true rebellion for AGS/PTS holders to outvote the core devs. As time goes on and more and more of the dev fund is spent, the devs will lose control.
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LOL， you will be controlled by I3 for sure......
BTW., the most valuable asset for DNS is the domain names from long term prospective
Toast， could you please elaborate the meaning of "effectively whichever outside teams the developer chooses"? confused. do you mean delegates still getting up to 50% but may relocate some % of this part for other purpose ?
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.
I just mean that with 20% of the initial stake it would take a true rebellion for AGS/PTS holders to outvote the core devs. As time goes on and more and more of the dev fund is spent, the devs will lose control.
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20% AGS
20% PTS
10% Developer
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.
Equivalent to:
40% AGS
40% PTS
20% Developer
Diluted up to 2x to pay outsiders for whatever we want
Deal with it, start talking about where the remaining 50% needs to be spent.
Good Deal Mr. Toast! +5%
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Great! +5%
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+5%
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50% for the delegates
to clear it
- if ALL the 101 delegate choose to burn 100% from day one, till the end the max cap of DNS will be 5 Bn (not really likely)
- if ALL the 101 delegate choose to burn 0% from day one, till the end the max cap of DNS will be 10 BN (not really likely)
- if the burnrate is with BTSX compareable than we will see something like 85% for the delegate and 15% burnrate. so we could expect max DNS available to be 9 Bn in the end.
so in the beginning 101 initial delegates will be collecting fees for the DEVS? so for some time the DEVS fund will increase, because the replacement will take time.
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+5%
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so for some time the DEVS fund will increase, because the replacement will take time.
I'm OK with that. The scope of the task is huge. I feel they will earn every shilling.
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+5% just keep walking...
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hi toast, getting a lot of messages from Chinese community and asking if you have a go-live timeline ? they are all excited of your new allocation +5% +5% +5% +5% +5%
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So excited! +5%
Spotlight is coming for you Toast,
downvote abbreviations and tech-talk
upvote clear and easy explanations of everything
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I was kind of hoping there would be allocations to Namecoin holders to get them interested in Bitshares DNS but I trust that Toast and team know what's best!
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I was kind of hoping there would be allocations to Namecoin holders to get them interested in Bitshares DNS but I trust that Toast and team know what's best!
Although I do not own any NMC, this sounded like a really good move.
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+5%
Thanks!!
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How many DNS should we receive per PTS and AGS respectively?
Thanks!
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How many DNS should we receive per PTS and AGS respectively?
Thanks!
PTS 1176
AGS 1000