I vote Yes . ….. I would like it to continue forever. But when it does end does the total BYT we have get converted and paid out in Hive ? If I have 1,000 BYT in August to I get 1,000 Hive paid out ? Or 1.x
How does the “liquidation” work
RE: Proposal to Extend the BYT Program Beyond February 2022
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Proposal to Extend the BYT Program Beyond February 2022
Tokens would be paid out as close to their value as possible. So if hold 1000 BYT and the then price is 2.2 HIVE then should get back about 2200 HIVE. I've run such things before and the easiest way is on-market buybacks. The real issue is the liquidation of what could be 2M BLURT! Which is why if we ever do wind down my best option is to flip the token from an income to a capitalised token - I've done this before with other tokens. So instead of powering down everything in 4 weeks can have a proposal that the BYT token becomes capitalised and that capital be returned to holders as expediently as possible within that given timeframe. What has happened in the past is that almost everyone hangs on till the last days! So need a way to incentivise sales lmao.
Anyway, don't wanna write an essay on this! lol.
One other idea is to switch to paying out in BLURT, so that those who want it can get that without going through 2 transfers and 2 trades. Would need to calculate how that would work, but that would lessen the downward pressure on the coin.
The idea to transform it to BLURT coins i like it , since it will be transformed into BLURT anyway and since it is the BLURT ecosystem we are feeding from such investments .
Yeah, but will be one huge PITA to manage! We shall see ;-)
btw love the stalker-baiting - there seems to be a posse of fakebook droids who are on a mission to retard other networks... i dunno...
Fakebook droids ... oh yes .. everywhere
I am following this discussion.
In my post I have your hashtag. I apologize for not telling you beforehand. I hope you give permission.
Stalker 😝
Am I following someone wrong and following their post. If it's wrong I stop and I fix it.
😱
As long as you are human you can make all the mistakes in the world and be the stalker of the coolest dude on Blurt 😀
@rycharde is the coolest dude on Blurt
He hasnt discussed with me much for me to know him better .
Was it him from @blurtyield comment ?
Yeah …. That’s him. The Mathematical Genius behind many of the Blurt algorithms.
OoOooooOoh AWT ❤️🔥
Damn the “post” button should be where the Add emoji button is… I keep hitting it by mistake… then have to scroll for hours….
I had the same problem but Tekraze is enjoying this 😂
His moustache is growing faster by laughing ...
just hit the emoji again and it disappears
If all humans can make mistakes then you are human too.
I sure am 🤣
😴
If you love snow and -100 degres Go for it 😁..plus he plays good guitare and draws very cute dogs