Author Topic: 10% dilution = 650,000 BTS a day  (Read 8131 times)

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Offline bytemaster

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.
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Offline luckybit

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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.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline zhangweis

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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?
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Offline jsidhu

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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.
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Offline bytemaster

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: http://bytemaster.bitshares.org
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.

Offline zhangweis

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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:http://weibo.com/zhangweis