we can issue an IOU USD reserved by future network income

Started by alt, January 19, 2016, 03:26:47 AM

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abit

Quote from: alt on January 19, 2016, 04:27:18 AM
it's dillution but not  for bts.
If you think a develoment worth 10000usd, make sure you can earn 10000usd for network. so your IOU USD is worth 10000USD

If you cant earn 10000usd for network, don't ask for the 10000usd payment
Hand a same tool to different person makes different results.
Profit comes from how to use the tool, not from the tool itself. The tool has its value, the how has its value.

Anyway, FBA makes more sense for both you and me.
BitShares committee member: abit
BitShares witness: in.abit

alt

it's dillution but not  for bts.
If you think a develoment worth 10000usd, make sure you can earn 10000usd for network. so your IOU USD is worth 10000USD

If you cant earn 10000usd for network, don't ask for the 10000usd payment

puppies

That's still dilution.  It's just diluting with a promise to deflate later.  We could do the exact same thing with a worker proposal.
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alt

we can  issue an IOU USD reserved by future network income
committee will buy back this IOU USD with the network income
then we have money to support the development without dilution.