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Topic: Communist Bitshares Wealth Redistribution IS THEFT! - page 3. (Read 28384 times)

legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
hero member
Activity: 690
Merit: 501
Great story, if only it weren't so true  Angry
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
legendary
Activity: 1764
Merit: 1018
Is this guy FUDDing Nxt and BitShares or promoting them?

Yes, the DecentralizeEconomics well known BitShares "promoter and supporter"  Smiley
hero member
Activity: 690
Merit: 501
Looking forward to the next installment!
legendary
Activity: 1092
Merit: 1010
Is this guy FUDDing Nxt and BitShares or promoting them?

I'm actually enjoying the saga, FUD or not Smiley
legendary
Activity: 882
Merit: 1024
Is this guy FUDDing Nxt and BitShares or promoting them?
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
full member
Activity: 154
Merit: 100
That Darn Cat
Haha, the OP is great!  Grin
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
full member
Activity: 138
Merit: 100
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.
legendary
Activity: 1225
Merit: 1000
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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