RE: Live EOS Ram Price Chart and Buying Calculator

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Live EOS Ram Price Chart and Buying Calculator

in eos •  6 years ago  (edited)

Awesome post and clarification !
I do not understand why your experience in financial markets is relevant to be a BP.
I personally think it's one of the least desirable things for a BP to have. I prefer sound technological backgrounds.

eos
6 years ago by

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      ·  6 years ago (edited)

    I do not understand why your experience in financial markets is relevant to be a BP. I personally think it's one of the least desirable things for a BP to have.

    BPs are the de facto heads of monetary policy of the EOS network, determining both the level of token inflation and the supply of RAM.

    BPs thus possess powerful tools of monetary policy which can substantially impact the value of EOS. This is why we believe that having both technical and economic skills are of the utmost importance for BPs.

    This is not theoretical. We're seeing this right now with EOS RAM inflation... an understanding of monetary policy is imperative, as the designers of the EOS blockchain have decided to let the market price of RAM fluctuate freely, subject to supply increases from the BPs.

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