Author Topic: 328,028 BTS Reduction in Supply since 2.0  (Read 11885 times)

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Offline bytemaster

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.
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Offline speedy

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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.

Offline clayop

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Offline Erlich Bachman

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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
« Last Edit: October 15, 2015, 09:44:35 pm by Erlich Bachman »
You own the network, but who pays for development?

Offline Akado

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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

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?
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Offline betax

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

Offline bytemaster

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

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Really nice.  +5%

Is there a way to see the pool's stats?

Offline xeroc

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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

Offline karnal

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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?

Offline yellowecho

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Offline Ander

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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.
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Offline Akado

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

Offline ag

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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.