328,028 BTS Reduction in Supply since 2.0

[Akado]

Apparently from reading the thread, that proposal does nothing?

On the contrary. Every day this worker stays elected with more votes than the 'burning worker', what  Empirical said becomes more true.

Constantly re-funding the reserve fund makes me worry people will revalue BTS as definitely having closer to 3.7 Billion shares in the future vs. now thinking it will have 2.5 Billion or less.

Oh I didn't get it the first time. I thought every BTS burnt would go to a reserve pool by default, but that only happens because of that worker?

[tonyk]

Apparently from reading the thread, that proposal does nothing?

On the contrary. Every day this worker stays elected with more votes than the 'burning worker', what  Empirical said becomes more true.

Constantly re-funding the reserve fund makes me worry people will revalue BTS as definitely having closer to 3.7 Billion shares in the future vs. now thinking it will have 2.5 Billion or less.

[Akado]

Isnt there some kind of wallet command for supply or shouldnt the info command, if it still exists, show the initial and current supply, Block info, etc?


Or we could see that on the Explorer, we couçd just compqre currrent supply with Genesis block

What is the impact of the 400k a day worker proposal if any? https://bitsharestalk.org/index.php/topic,19305.0.html

Constantly re-funding the reserve fund makes me worry people will revalue BTS as definitely having closer to 3.7 Billion shares in the future vs. now thinking it will have 2.5 Billion or less.

I don't know what that has to do with what I was asking ahah

Apparently from reading the thread, that proposal does nothing?

[Empirical1.2]

Isnt there some kind of wallet command for supply or shouldnt the info command, if it still exists, show the initial and current supply, Block info, etc?


Or we could see that on the Explorer, we couçd just compqre currrent supply with Genesis block

What is the impact of the 400k a day worker proposal if any? https://bitsharestalk.org/index.php/topic,19305.0.html

Constantly re-funding the reserve fund makes me worry people will revalue BTS as definitely having closer to 3.7 Billion shares in the future vs. now thinking it will have 2.5 Billion or less.

[Akado]

Isnt there some kind of wallet command for supply or shouldnt the info command, if it still exists, show the initial and current supply, Block info, etc?


Or we could see that on the Explorer, we couçd just compqre currrent supply with Genesis block

[fav]

how do you check this?

[Ander]

Someone post once the supply reduction hits a million.

[phillyguy]

so i guess most of you are trading on open ledger and not on poloniex anymore?

sorry typo

I am not an everyday trader but having a lightning fast thin client and web wallet that I can use on my iPhone has made it too easy. I played around in the USD:BTS pair today and will probably place some different orders tomorrow. Brownie.PTS:BTS needs some love :-).

[Tuck Fheman]

so i guess most of you are trading on open ledger and not on polonium anymore?

I avoid that exchange like it were polonium.

[mikeytea]

so i guess most of you are trading on open ledger and not on poloniex anymore?

sorry typo

[clout]

Over 800,000 BTS reduction thus far!

Great, that's more than $3k of liquidity that were not utilizing within the internal markets.

If we calculate that as dividend that 0.03% "payout" that does not even begin to offset losses incurred in the past year.

[mike623317]

Over 800,000 BTS reduction thus far!

Excellent

[topcandle]

What is the fee burnt for transaction and for name purchasing?

[Akado]

Why supply is reducing and how far will it keep reducing

Because of the fees paid. It means we're profitable at the moment. It will keep reducing as long as BitShares is profitable 

[topcandle]

How can we speed this up?

Get more trading happening on the bitshares exchange.
Every trade burns some BTS.
[/quotes]

What is the fee burnt for transaction and for name purchasing?