Quote from: sfinder on August 07, 2014, 11:51:54 PM
Toast， could you please elaborate the meaning of "effectively whichever outside teams the developer chooses"? confused. do you mean delegates still getting up to 50% but may relocate some % of this part for other purpose ?

Quote50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.

I just mean that with 20% of the initial stake it would take a true rebellion for AGS/PTS holders to outvote the core devs. As time goes on and more and more of the dev fund is spent, the devs will lose control.

Toast， could you please elaborate the meaning of "effectively whichever outside teams the developer chooses"? confused. do you mean delegates still getting up to 50% but may relocate some % of this part for other purpose ?

Quote50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.

Worth bumping for maximum community eyes-on

Great to have that decided.   +5%

Same formula:

block_subsidy = remaining_pool / 5000000
remaining_pool -= remaining_pool / 500000

Quote from: Shentist on August 07, 2014, 09:00:42 PM
great  +5%

a soon decision is better for the PTS buyers, or anyone who is interested in investing in PTS

+5%

Good luck with the DAC Toast! 

great  +5%

a soon decision is better for the PTS buyers, or anyone who is interested in investing in PTS

QuoteDelegate subsidy equation (assuming 10 second blocks):
     block_pay = delegate_subsidy_remaining / 5000000
So the *maximum* number of new tokens created after T years is given by:
     7000000000 - (7000000000 * (1 - 1/5000000)^((3153600)*T))
(there are 3153600 blocks per year)

QuoteDelegate subsidy equation (assuming 10 second blocks):
     block_pay = delegate_subsidy_remaining / 5000000
So the *maximum* number of new tokens created after T years is given by:
     5000000000 - (5000000000 * (1 - 1/5000000)^((3153600)*T))
(there are 3153600 blocks per year)

toast is this formular still ok, or have you make some changes here as well?

would be nice to updated the snapshot post as well

+5%

Finally investors can buy PTS ;)

20% AGS
20% PTS
10% Developer
50% (theoretical max) for Delegates, effectively whichever outside teams the developer chooses.

Equivalent to:

40% AGS
40% PTS
20% Developer
Diluted up to 2x to pay outsiders for whatever we want



Deal with it, start talking about where the remaining 50% needs to be spent.