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Author Topic: Communist Bitshares Wealth Redistribution IS THEFT!  (Read 28335 times)
achimsmile
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February 18, 2015, 09:35:56 AM
 #341

Close, an option that currently in use by BitShares
Hm ok, do you mean BitUSD is not inflationary, but BitShares is? I thought both were.
So by holding BitUSD you get an interest of an equivalent of 5% paid in Bitshares?

Cool, so NXT forgers just collect transaction costs, and the reason why the whales forge for pennies is because they have the most vested interest in the success of the entire platform?  That is a pretty slick model if I am correct.

Is that right?

Yes.
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robrigo
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February 18, 2015, 03:19:53 PM
 #342

Close, an option that currently in use by BitShares
Hm ok, do you mean BitUSD is not inflationary, but BitShares is? I thought both were.
So by holding BitUSD you get an interest of an equivalent of 5% paid in Bitshares?

Cool, so NXT forgers just collect transaction costs, and the reason why the whales forge for pennies is because they have the most vested interest in the success of the entire platform?  That is a pretty slick model if I am correct.

Is that right?

Yes.

bitUSD yield isn't paid via inflation, it is paid by collecting market fees / short interest into a reserve fund. When bitUSD is transferred (i.e. to oneself), the accrued yield is paid to the bitUSD holder.

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DecentralizeEconomics (OP)
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February 20, 2015, 09:19:33 AM
Last edit: February 23, 2015, 07:39:31 AM by DecentralizeEconomics
 #343


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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February 22, 2015, 10:30:11 AM
 #344


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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February 23, 2015, 06:24:51 AM
 #345


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
PenguinFire
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February 23, 2015, 06:26:25 AM
 #346

Haha, the OP is great!  Grin

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February 23, 2015, 07:26:39 AM
 #347


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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February 24, 2015, 07:41:37 AM
 #348


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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February 24, 2015, 08:53:40 AM
 #349


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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February 26, 2015, 11:37:05 AM
 #350


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
Crestington
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February 26, 2015, 12:46:19 PM
 #351

Is this guy FUDDing Nxt and BitShares or promoting them?
Damelon
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February 26, 2015, 04:58:29 PM
 #352

Is this guy FUDDing Nxt and BitShares or promoting them?

I'm actually enjoying the saga, FUD or not Smiley

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February 26, 2015, 05:36:36 PM
 #353

Looking forward to the next installment!
testz
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February 27, 2015, 02:56:03 AM
 #354

Is this guy FUDDing Nxt and BitShares or promoting them?

Yes, the DecentralizeEconomics well known BitShares "promoter and supporter"  Smiley

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DecentralizeEconomics (OP)
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February 27, 2015, 10:55:58 AM
 #355


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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February 27, 2015, 10:58:45 AM
 #356


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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February 27, 2015, 11:01:02 AM
 #357


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
cloudboy
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February 27, 2015, 03:58:11 PM
 #358

Great story, if only it weren't so true  Angry
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February 28, 2015, 09:59:45 AM
 #359


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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March 01, 2015, 09:07:58 AM
 #360


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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