No. 3I will go away and they'll all get paid by the blockchain.
So why are we not burning the AGS funds first before we start 100% pay delegates? There is still $millions in AGS remaining right?
This.
Relevant. I thought Stan was behind me on this? What happened?
AGS funds are MOST effective NOW.
Delegate-pay is LEAST effective NOW.
AGS funds can be used to increase our market cap.
When the market cap is larger, dilution-pay is MOST effective.
When the market cap is larger, the inflationary effects of dilution-pay are MUCH LESS
Having I3 devs become delegates effectively does not 'add capital' to the ecosystem, since the capital behind AGS was assumed to be fueling these devs, and this value was assumed to be behind BTS and is thus priced in.
As long as the AGS funds are above $0, any delegates that would have been payed by AGS funds are unnecessarily and irresponsibly inflating BTS.
Stan, our resident rocket scientist: what happened to my rocket analogy that you loved so much?
Ohhhh, this is going to be fun!
Your rocket analogy is perfect. Let's extend the metaphor...
Have you ever looked at the thrust profile of a model rocket solid fuel booster engine? (Everybody should at least once.)
Let's just focus on the blue profile for the C6 engine. Note that for the first half second it jumps to about double its average thrust (14 Newtons) then throttles back to 7 Newtons for the remainder of its two-second burn time. This is not an accident. The cross section of the powder in the engine is
designed with a conical shape to get more surface area burning all at once for greater initial thrust. This gives the rocket a quick kick to accelerate against the friction of its launch rail and get air moving over its stabilizing fins. Once clear of the rail, it throttles back to sustained thrust as the powder cone's surface area flattens out and continues to accelerate until time for the second stage to take over - at which point a lot of dead weight is jettisoned with the spent first stage.
The space shuttle's engines actually have to throttle back halfway through the ascent as the product of air density and speed creates the maximum dynamic pressure (max-Q) that the vehicle can stand. Once the air starts to thin out they are "go for throttle up".
The point is, engineers had to design the burn rate of the fuel to take many factors into account.
We have to do the same thing. In our case, the factors are (1) the "drag profile" of American tax law and (2) what risks the engineering team are willing to take.
Simply put: American tax law requires that all fuel in the first stage be burned by the end of the year or 35% of the fuel will be seized and unavailable to achieve orbit.
So we design our burn rate to meet those entirely artificial, but very real, fiscal engineering constraints.
After December, the only thrust available will be about 1/4 of the thrust necessary to sustain life for the engineering team. We will be relying on the
momentum from those year end bonuses to carry us to a point where the delegate salaries can fulfill that role. This is a significant risk for engineers who will have to make rent payments and buy pizzas for an unknown number of months during a flight phase I'll call "minimum thrust". Once we get the market cap up to 4x, we are "go for throttle up".
You can think of I3 as a booster stage. By January it will be nothing but spent dead weight.
BitShares developers jettison their I3 ship
Rely on space suit life support.
Topic: Approve my 100% pay rate delegate (Read 18720 times)
