328,028 BTS Reduction in Supply since 2.0

Started by bytemaster, October 14, 2015, 12:37:40 PM

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bytemaster

Quote from: speedy on October 15, 2015, 10:17:49 PM
Quote from: bytemaster on October 15, 2015, 01:00:18 PM
Now up to:  590,226  reduction in supply.

This really isnt sustainable is it? Its just new users registering names & memberships etc. Its not a level of revenue that is sustained from trading.

I think it will start to really work well over the next few months as we refine the UI and work out the bugs.
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.

speedy

Quote from: bytemaster on October 15, 2015, 01:00:18 PM
Now up to:  590,226  reduction in supply.

This really isnt sustainable is it? Its just new users registering names & memberships etc. Its not a level of revenue that is sustained from trading.

clayop

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Erlich Bachman

#27
Quote from: bytemaster on October 15, 2015, 01:00:18 PM
Now up to:  590,226  reduction in supply.

Wow! We need a dynamic billboard for this figure to stick on the bitshares home page, and all google ads, pop ups, etc!

and stick one of these right next to it:



Hey, Tuck, this is right up your alley:

"BTS vaporizer"
"BTS anti-debt clock"
"BTS DAC-ometer"

Fuck the BTS/BTC exchange price, I want to see a graph of this wallet total over time
Quote from: Akado on December 14, 2015, 10:34:48 AM
You own the network, but who pays for development?

Akado

Quote from: betax on October 15, 2015, 01:09:02 PM
Quote from: bytemaster on October 15, 2015, 01:00:18 PM
Now up to:  590,226  reduction in supply.

Do you (or any) have any model of the supply, based on average usage and number of users? If not is ok, I understand fees will also change, so it is difficult to predict.


We could have info on amount of BTS burnt per day on BitSharesBlocks

Quote from: xeroc on October 15, 2015, 09:29:48 AM
Quote from: karnal on October 15, 2015, 09:22:39 AM
Forgive the dumb question, but where do the burned fees "go" ?

Do they 'simply' (in theory) increase the price of each share due to reducing the total amount of shares in circulation?
They vanish .. the supply of bts just shrinks by the network fees

They vanish or go to the pool to be used for development like Ander said above?
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

betax

Quote from: bytemaster on October 15, 2015, 01:00:18 PM
Now up to:  590,226  reduction in supply.

Do you (or any) have any model of the supply, based on average usage and number of users? If not is ok, I understand fees will also change, so it is difficult to predict.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

bytemaster

Now up to:  590,226  reduction in supply.
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.

fav

Really nice.  +5%

Is there a way to see the pool's stats?
Join us on Hive: [url="https://peakd.com/c/hive-120117/created"]https://peakd.com/c/hive-120117/created[/url]

xeroc

Quote from: karnal on October 15, 2015, 09:22:39 AM
Forgive the dumb question, but where do the burned fees "go" ?

Do they 'simply' (in theory) increase the price of each share due to reducing the total amount of shares in circulation?
They vanish .. the supply of bts just shrinks by the network fees

karnal

Forgive the dumb question, but where do the burned fees "go" ?

Do they 'simply' (in theory) increase the price of each share due to reducing the total amount of shares in circulation?

yellowecho

696c6f766562726f776e696573

BunkerChainLabs-DataSecurityNode

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Ander

Quote from: Akado on October 14, 2015, 06:50:40 PM
Quote from: Erlich Bachman on October 14, 2015, 01:03:16 PM
Hey, so are those shares burnt or in the dev fund (for voting proposals)

I would like to know this as well  +5%

If this is caused because of the migration, then it's very likely that it won't stay like this for long.

Also showing  ownership percentage like luckybit mentioned would be pretty cool!

Dev fund I believe.
But It is essentially the same thing.  They are shares that no one owns and thus no one can sell.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Akado

Quote from: Erlich Bachman on October 14, 2015, 01:03:16 PM
Hey, so are those shares burnt or in the dev fund (for voting proposals)

I would like to know this as well  +5%

If this is caused because of the migration, then it's very likely that it won't stay like this for long.

Also showing  ownership percentage like luckybit mentioned would be pretty cool!
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

ag

okay...  +5% but I'm waiting to see  some of the poloniex volume to move to the internal exchange ( and not just that... but I am impressed on how much volume bts/btc has had.) It will be constant revenue versus this one-time event.