Here is my question for next week's hangout:

According to bts blocks, we have 37 100% delegates resulting in inflation of 2.38% == 60 million BTS / year, or 164000 BTS / day.

My question is how can the increased fees earned in BTS 2.0 cover that daily deficit?

We currently average 600 BTS / day in fees. So we need to either fire some delegates or increase our daily earned fees x273.

While last week's philosophical discussion on the creation of money was interesting, is that really what we want to hear about? Everyone here already knows the current financial system is broken, but we arent going to "Replace the dollar" (33:05) if BitShares keeps expanding its money supply.

Yeah I couldnt make it this time Ill come to the next one!

Stan, do you not worry that by licensing the software and retaining direct ownership of it you have a greater likelihood of coming under regulatory pressure, like Ripple did when they were asked to modify their network to add KYC checks into it? Its a lot easier to argue that the community is in control of what goes into BitShares if all its software is GPL.

Litecoin averages about 4000 transactions per day:
http://www.coindesk.com/data/litecoin-daily-transactions/

For BTS its a bit more complicated, you have to turn off delegate feed updates. I dont think they are an accurate measure of adoption as they are continuous and from users that are payed from inflation.

BTS Tranfers = ~200
Asset transactions = ~250
http://bitsharesblocks.com/charts/transactions

So we average about 500 transactions/day compared to Litecoin's 4000.

Speculation:
-Easily double to 1000/day when the bond market arrives. Loads of users will want to earn interest by lending.
-Faster 2.0 wallet will double us again to 2000/day.
-Banx integrates into BitShares and trades UIAs - double to 4000.
-Then we will be as established as Litecoin - a great first step!

I agree its a waste of time.

Like Bytemaster says, there are mind viruses that convince you that mining is good.

Who relies on someone else to "autobackup" (didnt know that was a thing) their wallet?

Create backups on multiple usb sticks. You only have a backup on your C: drive?

Also I really should create a backup on CD to deal with the possibility of an EMP pulse.

Unless we generate a constant stream of positive news, there is zero reason for anyone to hold BitShares. They will just move onto the next thing.

Cnx is NOT hosting this forum and has nothing to do with it

I know, it was an attempt at humor.