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RE: "Refund400k" - Not 'Refunding' but rather burning/destroying 400k BTS/day?! Disproven! It is refunding the reserve pool.

in #bitshares7 years ago

Good catch! If the BTS are being destroyed it is effectively an ongoing share buyback, which in theory benefits all BTS holders through deflation. However, the fact that all BTS will be burned in a couple decades is a bit concerning. :)

I'd like to see this switched to a quarterly dividend; the BTS are held in the reserve fund and then paid out BTS accounts every three months.