10% dilution = 650,000 BTS a day

Started by zhangweis, October 22, 2014, 08:31:25 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

bytemaster

Quote from: luckybit on October 22, 2014, 08:38:24 PM
Quote from: zhangweis on October 22, 2014, 08:31:25 PM
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

That makes about 650,000 bts a day. To me, this has much much bigger impact than PTS, AGS, DNS merge.

Well, btc currently has about 10% dilution but it's also decreasing along the time.

If we have to pay high to delegates at the moment, at least we should decrease the rate along the time.

Buy BitGLD then.

FYI.. we are putting the cap at 50 BTS per block without a hard fork.. so 8% is the max that voters can do without everyone upgrading.
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

luckybit

Quote from: zhangweis on October 22, 2014, 08:31:25 PM
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

That makes about 650,000 bts a day. To me, this has much much bigger impact than PTS, AGS, DNS merge.

Well, btc currently has about 10% dilution but it's also decreasing along the time.

If we have to pay high to delegates at the moment, at least we should decrease the rate along the time.

Buy BitGLD then.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

zhangweis

Quote from: bytemaster on October 22, 2014, 08:33:08 PM
That is the limit.. no one will be voted in anywhere near that.

To be honest, I don't like voting and politics behind it. But anyway, how can I check the current average pay rate of top 101 delegates?
Weibo:[url="http://weibo.com/zhangweis"]http://weibo.com/zhangweis[/url]

jsidhu

But 650k bts a day will go to someone who will provide real growth... not just miners or someone who will be dumping all of them... but to bring in more input than output.
Hired by blockchain | Developer
delegate: dev.sidhujag

bytemaster

Quote from: zhangweis on October 22, 2014, 08:31:25 PM
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

That makes about 650,000 bts a day. To me, this has much much bigger impact than PTS, AGS, DNS merge.

Well, btc currently has about 10% dilution but it's also decreasing along the time.

If we have to pay high to delegates at the moment, at least we should decrease the rate along the time.

That is the limit.. no one will be voted in anywhere near that.
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

zhangweis

2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

That makes about 650,000 bts a day. To me, this has much much bigger impact than PTS, AGS, DNS merge.

Well, btc currently has about 10% dilution but it's also decreasing along the time.

If we have to pay high to delegates at the moment, at least we should decrease the rate along the time.
Weibo:[url="http://weibo.com/zhangweis"]http://weibo.com/zhangweis[/url]