Author Topic: Should Witnesses Increase Daily Budget in Coming Protocol Upgrade?  (Read 282 times)

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Offline Bangzi

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Should Witnesses increase daily budget in coming protocol upgrade?

1. Some worker proposals voted in but unfunded (eg. worker proposal 1.14.162,1.14.149, 1.14.124)
2. Daily Budget only can change via protocol upgrade. If miss the mid year protocol upgrade, then need to wait end of the year.
3. Lack of $$$ will discourage new worker proposal/development/project for Bitshares. Some existing projects may pause/stop.

*The main purpose of this topic is collect feedback from community. The committee members will decide whether or not to prepare BSIP.
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Online bitcrab

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Re: Should Witnesses Increase Daily Budget in Coming Protocol Upgrade?
« Reply #1 on: March 10, 2019, 02:25:26 pm »
IMHO, current daily budget is 280K BTS/day, it's not a low figure.

I don't think it's a good idea to fulfill all the proposal/projects,we also need to limit the inflation of BTS.

« Last Edit: March 10, 2019, 02:30:54 pm by bitcrab »

Offline finn-bts

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Re: Should Witnesses Increase Daily Budget in Coming Protocol Upgrade?
« Reply #2 on: March 11, 2019, 02:20:38 am »
IMHO, current daily budget is 280K BTS/day, it's not a low figure.

I don't think it's a good idea to fulfill all the proposal/projects,we also need to limit the inflation of BTS.
How many BTS are flowing back into the system's pool each day?

Offline fav

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Re: Should Witnesses Increase Daily Budget in Coming Protocol Upgrade?
« Reply #3 on: March 11, 2019, 10:12:19 am »
IMHO, current daily budget is 280K BTS/day, it's not a low figure.

I don't think it's a good idea to fulfill all the proposal/projects,we also need to limit the inflation of BTS.

agreed, it's more than enough IMO
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Offline clockwork

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Re: Should Witnesses Increase Daily Budget in Coming Protocol Upgrade?
« Reply #4 on: March 12, 2019, 06:46:18 am »
IMHO, current daily budget is 280K BTS/day, it's not a low figure.

I don't think it's a good idea to fulfill all the proposal/projects,we also need to limit the inflation of BTS.
How many BTS are flowing back into the system's pool each day?

~6-7k

Offline finn-bts

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Re: Should Witnesses Increase Daily Budget in Coming Protocol Upgrade?
« Reply #5 on: March 12, 2019, 04:48:15 pm »
IMHO, current daily budget is 280K BTS/day, it's not a low figure.

I don't think it's a good idea to fulfill all the proposal/projects,we also need to limit the inflation of BTS.
How many BTS are flowing back into the system's pool each day?

~6-7k
We are releasing hundreds of thousands of BTS per day, with very little BTS back into the system pool, which is unacceptable

Offline Thul3

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Re: Should Witnesses Increase Daily Budget in Coming Protocol Upgrade?
« Reply #6 on: March 12, 2019, 05:18:26 pm »
Its enough.Maybe some voting should be more concerned about the amounts they accept when voting for a worker.
Sometimes i got the feeling its a bit overpriced and in a situation where BTS price is not high enough it creates a lack of liquidity doing so.
« Last Edit: March 12, 2019, 05:24:01 pm by Thul3 »

Offline Victor118

Re: Should Witnesses Increase Daily Budget in Coming Protocol Upgrade?
« Reply #7 on: March 12, 2019, 06:20:51 pm »
IMHO, current daily budget is 280K BTS/day, it's not a low figure.

I don't think it's a good idea to fulfill all the proposal/projects,we also need to limit the inflation of BTS.
How many BTS are flowing back into the system's pool each day?

~6-7k

Does it mean that circulating supply increase by ~270K BTS each day ?

Offline clockwork

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Re: Should Witnesses Increase Daily Budget in Coming Protocol Upgrade?
« Reply #8 on: March 12, 2019, 09:16:23 pm »
Roughly...

hardly makes a dent on the 2.7b already out there though...