328,028 BTS Reduction in Supply since 2.0

[julian1]

Over 800,000 BTS reduction thus far!

 

[mukul13]

Why supply is reducing and how far will it keep reducing

[Akado]

We should get bitsharesblocks updated with a chart of this.

[speedy]

How can we speed this up?

Promote name squatting (for fees) and allow owners to auction off their names on the blockchain (more fees).

[Ander]

How can we speed this up?

Get more trading happening on the bitshares exchange.
Every trade burns some BTS.

[topcandle]

How can we speed this up?

[speedy]

Where can we verify what BTS supply was at the start of 2.0? So that we can show others.

I am not sure, but the first four numbers were 2,533,....

I started keeping a record since yesterday:

18/10/2015:     2,533,418,358
19/10/2015:     2,533,393,609

But what about the paid worker developer positions? Arent we going to revote them in?

[clayop]

Over 800,000 BTS reduction thus far!

  We need a chart for showing off!

[Ander]

Where can we verify what BTS supply was at the start of 2.0? So that we can show others.

I am not sure, but the first four numbers were 2,533,.... 

[Empirical1.2]

Over 800,000 BTS reduction thus far!

Nice!

Take that central bankers!

 

Where can we verify what BTS supply was at the start of 2.0? So that we can show others.

[speedy]

Over 800,000 BTS reduction thus far!

Nice!

Take that central bankers!

[phillyguy]

Over 800,000 BTS reduction thus far!

Nice!

[bytemaster]

Over 800,000 BTS reduction thus far! 

[canucklehead]

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.

 
But please this time really stick to this plan. And it's a very simple plan:
- bring all the existing 2.0 features to the GUI level,
- make the traders happy by upgrading the market page to Poloniex standards
- and fix all the bugs.
Then the volume will come and profits from transaction fees will follow.

All the new features (e.g. the bond market etc) can easily wait, we are already well ahead of any competition is this respect.
What has always been missing in BitShares is proper UI implementation.

Couldn't agree more. 

Great work on the back end, but would love to see the UI beefed up to look like Polo.

[jakub]

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.

 
But please this time really stick to this plan. And it's a very simple plan:
- bring all the existing 2.0 features to the GUI level,
- make the traders happy by upgrading the market page to Poloniex standards
- and fix all the bugs.
Then the volume will come and profits from transaction fees will follow.

All the new features (e.g. the bond market etc) can easily wait, we are already well ahead of any competition is this respect.
What has always been missing in BitShares is proper UI implementation.