Author Topic: Proxy:baozi - proxy for anti-dilution  (Read 1513 times)

0 Members and 1 Guest are viewing this topic.

Offline clockwork

  • Committee member
  • Sr. Member
  • *
  • Posts: 222
    • View Profile
  • BitShares: clockwork
Re: Proxy:baozi - proxy for anti-dilution
« Reply #15 on: December 29, 2018, 03:18:57 pm »
This thread is quite old.

Alt has updated his reasoning about not voting (worker performance and transparency) and although I don't necessarily agree with him, dilution was no longer one of his reasons.

At the end of the day, dilution is minimal/non existant at this point. Even if all daily budget was spent on workers for a whole year(which it never was) , it's still only 4% added to the circulating supply. And not only was only about half of that actually spent even with most workers voted in, but 90% of that bts was used to buy bitassets so created demand that caused an equivalent amount*1.75 of bts to be locked up as collateral.

So the dilution argument is no longer alt's reason imho