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RE: BitShares Viewed as a Venture Capitalist's Dream
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...?
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.
Ok, great, thanks :)
Thanks for this explanation.
Hey @stan will bitshares (bts) supply be burned and reduced to make less bts floating around?
It gets "locked up" in the reserve fund and in backing bitAssets like the Hero.
There is a fixed limit, believe 3.5? not sure... A part has been kept to pay for future development.