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Technical Support / Re: Can someone help me figure out the BTS price, compared to a 2billion supply?
« on: September 15, 2015, 06:10:16 pm »
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)
Ah alright. That helps explain the price movements. I never took NXT or Ethereum that seriously as investments, NXT is a full premine (as evident by its constantly deteriorating price) and Ethereum is just getting manipulated beyond belief, anything that gets instant volatility upon release usually isn't worth it. If that bits true about the devs waiting for Ether investors to cash out... wow. I feel like I stepped into Wonderland.
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.
Also thank you Frodo for your post as well, very helpful.
Alright, that answers my questions. Thank you very much! Bitshares is definitely looking like it will be at the forefront of the cryptocurrency movement. My only paranoia is that big banks will beat us to the punch, fork the github repo and claim it for themselves (from the news i've read this seems to be their intent), which would still be a huge leap forward for humanity anyway.. so long as they don't label freeform cryptocurrencies as 'financial terrorism' i guess we're good.
