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RE: New Interview: Why did Bitspark.io CEO switch from Bitcoin to Bitshares for Global Remittance?
Do I understand it correctly that block producers receive some amount of network fee (20% of collected fees)?
What is the estimated annual profitability of running block-producing nodes?
Thanks.
They don't receive fees they have a salary and they are also elected, there's no mining and no unnecessary energy demanding hashing function, just valid block and signatures. See more on: http://cryptofresh.com/witnesses
Thanks for the explanation and link. My understanding is that Workers and Witnesses get paid for the work they do.
But what about regular BTS stakeholders (not witnesses/block producers, workers)? Do they get dividends or something like that?
From BitShares white paper (page 7):
You become a stakeholder by buying “stock” in the company or being paid in that stock to provide services for the company. This stock may entitle you to a share of its “profits”, participation in its growth, and/or a say in how it is run.
https://media.readthedocs.org/pdf/docsbitsharesorg/master/docsbitsharesorg.pdf
good info, thanks so much for sharing. There's still a lot of mystery around Bitshares (and especially the DEX). Ppl will eventually figure it out and the great DEX migration will start.