Hello @stan I have a question about bitshares (bts), is this a finite currency? The current circulating supply is 2,599,840,000. Is that going to stay this way forever or can more be created...?
RE: BitShares Viewed as a Venture Capitalist's Dream
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BitShares Viewed as a Venture Capitalist's Dream
It has a fixed supply of 3.5B. About 1B of it is locked up in a Reserve Fund... All fees go into this fund. All expenses come out of it. Just like a human company. When more is earned than spent the company is profitable and the currency supply decreases. Right now the supply is growing much slower than Bitcoin.
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Ok, great, thanks :)
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Thanks for this explanation.
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Hey @stan will bitshares (bts) supply be burned and reduced to make less bts floating around?
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It gets "locked up" in the reserve fund and in backing bitAssets like the Hero.
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There is a fixed limit, believe 3.5? not sure... A part has been kept to pay for future development.
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