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张健关于可持续挖矿及收入分配调整提案公投的解读

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2019-3-7 01:53
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张健关于可持续挖矿及收入分配调整提案公投的解读

张健  2019年3月6日

前言
  借助这次直播回答一下大家最关心的一些问题。首先先讲下这次提案的原理,因为这个提案是社委会共同共识通过,有些人可能对这个提案没有深入的理解,所以说可能还有些误解。先整体讲一下,然后在这个过程中大家也可以把问题发给我们志愿者或官方工作人员。
  大家也知道,任何政策都会伴随着争议,这是毫无疑问的,一个伟大的商业组织特别是像我们这样,完全没有人走过的一个创新的组织形式,肯定不是一帆风顺的,而且不是一天就可以看得到成效。在我们还没有准备好之前,其实说再多也没有用,因为你必须拿事实出来说话,包括我们已经经历了几次重大的公投,主板交易对,都达到了非常好的效果,但是我也没有出来,因为我觉得可能基础设施做的还不够,包括现在我也不认为我们就做的已经够了,只是我觉得我们开始在走上坡路,所以所有的这些事情,所有的指标都在向好的方面发展。希望在社区层面的宣传逐步动起来。
  为了让咱们整体社区的沟通比较高效,我可以承诺定期做一些这种官方形式的直播来回答各位的问题。但是如果我出来,大家要把问题想好,那我们沟通起来就会比较高效。最近我们确实有太多的事儿,要往前推进我们社区层面的发展。然后我们的志愿者也都比较给力,包括我们的整个社委会的团队也在逐渐发展成熟,所以说我们有各种各样的渠道可以收集大家的问题。如果和这次公投无关的问题,也不是说不可以提,刚才我也说了原因,大家可以集中反馈给我们社区志愿者,包括我们的官方人员,如果有大家都普遍比较关心的问题,那我们可以再安排一次针对这些问题的直播。
  再说今天公投问题之前,我插一个小问题:有人提到说为什么主板A这个这也要奖励,它明明是免费的,为什么我们不把这样的奖励集中在收费的领域,或者说我们把主板A变成收费的再奖励。其实这个问题不完全是今天这个公投的问题,应该是上一次差异化手续费的时候,包括社委会内部,我们也争论过这个问题,那我在这里跟大家解释一下。因为关于免费的问题展开比较大,这整个是一个是很大的商业逻辑辑,我就举几个简单的例子。比如说早期的阿里淘宝刚刚出来的时候,和易趣竞争,当你在易趣eBay开店要收钱,淘宝就是免费开店,后来淘宝打败了eBay,但现在阿里的收入是开店吗?不是,他的收入没有一块是开店收来的,但是他的收规模是非常惊人的,以致成为整个中国互联网市值最高的公司,并进入全球市值最高的公司前10。这只是一个小例子。更直观的例子来自于腾讯和百度,大家想想,如果QQ或微信聊天要收费,就跟我们发短信一样,一毛钱一条,大家觉得他还能成为现在的腾讯吗?如果百度每搜索一次都要收费,那他还能成为百度吗?但是他们不赚钱吗?
  那还有人说,既然你不收费,那你是不是就不应该激励这个,而应该激励收费的东西?其实这个逻辑也是不对的,比如说淘宝免费开店,他就不推广淘宝网?QQ和微信免费聊天它就不推广吗?百度搜索免费它就不推广百度了吗?发红包免费我就不鼓励发红包了吗?这就是一个平台的逻辑,你只有具体足够多的人,你才能建立起坚实且有壁垒的商业模式,这个商业模式未必和你的平台基础核心相关,和要不要收费相关,关键在于你这个平台是否足够强大。
下面我就进入我们这次公投的这个主要的话题。
正文
  第一我介绍一下什么叫可持续挖矿。今天我们社委会委员提出来说是不是不要叫挖矿,毕竟现在好像挖矿名声不好,大家觉得挖矿就必然下跌,那我个人还是比较坚持叫一定叫挖矿,那这次是叫「可持续挖矿」。为什么呢,因为初心没有变,开始承建FCoin的时候,它的设计,确实是希望交易者,能同时成为平台的所有者,这是一个很核心的理念,更是我们的初心。至于后来造成的很大争议,包括FT的巨大波动,机制本身的问题等,我认为他确实是有问题的,但并不能说这个机制有问题我们就没有机制去解决它,所以我认为可持续挖矿,是我们这么长时间的沉淀和准备,我们觉得可持续挖矿是一个可持续的、健康的挖矿机制,或者说是真正符合我心中通证经济的一个机制,也就是我们的用户和我们的所有者能够统一起来。
  其实可持续挖矿这个概念包含两个关键的点。第一个关键点是为什么是可持续,就是我们挖矿的原理是怎样的。第二个关键点是,对于ft本身流动性的影响。我先讲第一点,就为什么他是可持续的。
  如果没有之前的挫折,没有之前的经验积累,我们很难走到这一步,我们又提出了一个可持续挖矿的概念,有点像可持续发展,比如说改革开放以后中国经过长时间的快速发展,各方面成效都不错,就开始自上而下开始提可持续发展。为什么呢,因为我们不能竭泽而渔,我们不能以耗尽资源的方式去维持经济的高增长,因为它是不可持续的。那我觉得这和FCoin挖矿暗含的理念是比较相似的。
  首先可持续的意思是它的发行量是可控的,但FCoin早期的交易挖矿,它的发行量其实是不可控的,什么意思呢?就是交易量越大那我挖的就越多,直接就导致原来的设计模型失衡。我们认为这个模型他可以挖数年以上,结果可能不到一年,甚至几个月就挖完了,因为你的发行量不可控。而这个时候就有人说,我们是不是可以参考比特币的挖矿思路?
  比特币挖矿的思路模型为什么是可控的呢?因为它设计了一套定量产出的算法。很多人理解是,算力越大挖的就越多,其实不是,它是在这个时段的竞争或这个出块占比中,你的占比优势比较大,但其实每天的挖矿产出都是固定的,是一个竞争式的挖矿。而新推出的可持续挖矿提案,我们希望通过对产出的定量的调节实现可持续3年以上,因为我觉得我们创业需要这么长时间去巩固FCoin在行业中的地位,当然,我们也希望能长时间去回馈我们的用户,回馈我们的交易者。这是第一点,就是不管每天交易量多大,每天我们的产出相对是比较可控、恒定的。
  第二,可持续挖矿的特点是什么?是我们返还的ft是锁仓的ft。什么意思?之前的挖矿模式下,挖完之后,第二天我就返还给你,然后马上就可以卖出了。这就造成了很多短期的套利者,这些人其实挖矿或者说参与交易得到ft并不是为了长期持有ft,而是为了卖掉套利,这其实跟我们的初衷是有些违背的。因为我们的初衷是希望让交易者成为FCoin的持有者,也就是ft的持有者。但是如果大量的通过挖矿获得ft的人都是短期的套利者,这其实是不利于生态系统健康发展的。当然更直观的感受,大家可能觉得是币价。币价的问题,我在谈第二个点的时候,会专门跟大家解释一下,这方面的一些原理。更重要的是,我认为这是一个回归初心的过程:也就是希望通过挖矿获得ft的这些人是真正看好FCoin长远发展的。所以说我们返还的ft都是锁仓一年的。也就是说从你获得ft开始。今天你的交易,折合成ft次日返还给你。但是跟之前的不一样,并不是100%折合,而是按照当天的固定奖励和你的交易量的占比,折合给你。但是这个不能马上卖出。不过,除了不能马上卖出之外,你拥有所有的权益:分红,投票等。获得这部分ft一年以后,你就可以自由交易了。但是每次都是延后一年。因为这部分ft是出自于FCoin fund,大家其实也有人质疑说:你FCoin fund不是锁仓3年吗?那这样的话一年就释放了,这是不是提前提前释放呀?其实不是,大家想一想啊,第一虽然锁仓三年,但是我们已经过去了大半年了。第二,挖矿也不是从第一天开始就释放的。我们至少挖3年,甚至更长的。所以大家去折一下,有可能这种方法释放得更慢。
  我看有用户提到抛盘问题,既然这个问题跟可持续挖矿的第二点相关,那我就简单的说一下。既然是可持续挖矿,我们希望他是健康的。第一,他的产量比较恒定,比如说我们现在设计的交易挖矿,每天就是固定100万的产出,而且这100万ft还是锁仓形式发放的。所以说理论上新产生的挖矿是不会对现有的ft的流动性产生影响,或者产生所谓的抛压。这个大家可以认真看一下我们挖矿的方案。所以说,我们希望挖矿的都是愿意投入、交易、挖矿的这些人,都是看好FCoin的长线持有者。也就是说,最终我们希望他是一种非常健康的状态:大家不过度关注挖矿,而是大家就是愿意在FCoin交易,因为在FCoin交易不仅能够享受到不输于任何其他交易所的交易体验,比如说深度、手续费的收取,甚至这些方面我们可能都有一定竞争力;不仅如此,我们还会让你在一定程度上成为我们的持有者,当然程度就取决于你的交易量。这样你为我们的流动性贡献越大,那么我们就愿意给你发放更多的ft。但是这部分ft,又不是让你马上抛盘做套利用的。这样的话就能够衍生出一个比较健康的、可持续的挖矿形式。所以说我把他命名为可持续挖矿。
  下面,我再讲一下第2个提案,也就是关于收入分配调整的提案。这个提案其实很关键,而且跟第一个提案相关联的。所以,我也重点讲一下。
  第二个提案,大家可以看到目的是有利于ft的价值发现,稳定公平,同时鼓励ft的长线持有。很多人不太理解,说为什么能起到这样一个效果?
  我一一给大家家解答一下。首先我做一个简短的复盘,让大家也更容易理解我们面对的问题。复盘什么呢?ft早期价格的巨大波动,也就是暴涨暴跌与其挖矿之间的关系,与其分红之间的关系。当然,跟挖矿之间,大家也知道这是FT的释放量的问题,他的释放量其实是不可控的。这部分刚才我在讲的一个提案中也讲到了。第二个提案主要关注的是分红问题,为什么分红也会影响到价格呢?或者说分红和价格到底是什么关系呢?在这里,我在提案中提到了一个概念,可能有些社区用户没有仔细看,这里面有一个叫除息的概念。
  我解释一下什么叫除息,比如说现在我以股票举例,我现在这一股可能现在市场价格大概是十块钱,但是呢我现在这个待分配的利润有五块钱。那我分配前和分配后,会有非常大的不同。一个核心的问题就是基于公平的问题,第二就是一个价格的问题。什么叫公平问题,比如说我这个一股十块钱,但是我要分五块钱的利润,假如说我今天晚上12点快照,假如说这个短短的两分钟价格没有发生变化,11:59买入的人和12:01买入的人,它面临什么样的情况?也就是说早买入的这个人,就白得了五块钱的分红,这个晚买入的人其实买入价格一样,但是我就没有得到这五块钱的分红。那对于12:01买入的人,这是巨大的不公平。所以说这个传统资本市场有一个除息的概念,因为它是每天开盘的,不像我们24小时连续交易。每天开盘就是我们除息当日。比如说我现在十块钱,但是我要分五块钱的利润出去,就是分给大家,分完以后开盘的价格,他就是五块钱,就是十块钱减去你已经分配的五块钱。这样的话,因为12:01这个用户其实没得到你的五块钱。所以对于之前和之后的用户才公平,它也更加客观地的还原了本身价格的变动,因为你把这部分本来蕴含在每一股的价值分出去了。其实对于一直持有的人,没有太大的影响。
  那我再回看一下FT之前发生了什么。第一,我们其实做过一个统计,这个数据也挺正经的,我们FT即使从最高点算,到我们停止挖矿之前,我们每个FT大概分了0.7美金。我们大概统计过这个数据,这个我没记错的话应该是这个左右。这是什么概念,就是说,我们如果按照周均价来说,我们最高的那周周均价也差不多这个价,也就是说我们的分红其实相当于我们最高价(如果大家一直持有这个FT的话)。但是因为分红已经分走了,大家也不关心,我们能看到的就是FT价格的大跌。第二,他非常不利于长线的持有者。因为交易所没有帮助FT除息,其实市场也会自动执行除息。但是对于我们来说,我们就面临着巨大的压力,大家可能不关心你分红分了多少,大家就关心你这个币价跌了多少。其实如果把分红算起,FT在这波熊市中几乎应该算是价跌最少的,但是大家不会算分红,而且这种每天不管收入多还是少,这种每天把所有的收入分出去的方式,其实对于长线投资者是非常不公平的。那当然对于我们整体社区是更不公平的。因为我没有执行这个操作,但是我们的价值却是不断的分出去。它不利于一个稳定的长线的健康发展,这是一个核心的原因。我给大家解释一下。为什么我们这次设定的是一年期,我们还做一个二八分呢?
  马上有用户就想到了,既然除息是个问题,为什么我们不能每天出息?每天除息有两个问题,两个很严重的问题。第一什么是价值稳定问题,第二个就是技术问题。这两个我分别给大家解释一下。
  第一,什么叫价值稳定的。我们FT应该说是开创了整个token分红类型,也是开创者。之前你无论持有什么也没有分红、激励什么的。你只能依靠它的涨跌来赚钱,这就是为什么我们FT有点特殊,或者我们要考虑更多的原因。但是如果我们每天都除息,它就会造成我们并没有一个价值中枢,长期的价值中枢,我举个例子,比线传统的资本市场,它都有每股收益是多少,市盈率是多少,去计算更多的价值。当然也不能总是算市盈率,我觉得最重要的还是看成长性,其次市盈率。但是市盈率它是一个简单的标准,如果我们不考虑Fractal,FToken这个大生态,仅仅考虑FCoin这个小生态来说,那有一个稳定的价值积累是很重要的,而不是每天你的价格都在除息都在发生变化。第二个原因是技术层面。技术原因很难能做到。因为传统的股市有开盘和收盘,但是币圈的所有币,都是24小时连续交易。因为它也是面向全球用户,所以导致除息必须有开盘和收盘才行,它必须停盘来操作的,不能说在交易的过程中能操作,那是不行的。所以这个要每天来操作,技术上其实也做不到。
  我再补充说一下第一个,我觉得这个其实也是大家的愿望。包括我们之前,去年经历了暴涨暴跌,我们发现这个问题就是所有的社区用户还是希望随着FCoin发展壮大,FT能够稳定的增长,不希望它暴涨暴跌,而且暴涨暴跌不利于我们社区用户长期持有,也不利于它稳定发展。大家看一下这些伟大的公司,无论是Google,还是Facebook,国内的BAT,特别是腾讯,它上市时候市值其实是很小的,但随着公司的壮大,它整个市值的股价也是经历了长达数年甚至是十多年的大幅度的增长,我觉得大家也希望能够看到的这样的情况,而不是一个非常短期的价格频繁波动。
  然后对于刚才有人说每年才发一次,不利于复投的问题我再解释一下。为什么我们要二八分配,其实大家仔细看一下提案,并不是全部都是每年分配,我们是把可分配收入的80%累计到一年发一次,这是我们的一个价值中枢,是我们的定海神针,是我们能够体现出FCoin增长,然后让所有人都看到FT价值的一个很重要的方式。但是哪怕有1万种好处,我也不主张放弃每天分红的方式。所以我们每天会把20%的可分配收入分掉。
  大家说到羊毛党的问题,如果羊毛党可以承受一年以后再卖出,那他就不是羊毛党,他是长线投资者,我们欢迎这样的投资者。而且并不是你刷最越多,你的量越大,这是一个竞争关系,也就是每天的释放量是恒定的,我希望大家在回顾一下之前我讲的那些内容,仔细看一下公投的细节。
  然后我再接着解释一下20%和80%是有很大的不同,就是80%的年度累计分配,我们是只要持有FT就分(不局限于锁仓),因为它是蕴含在每一个FT内部的价值。但是每天分的那20%可分配利润,是按照锁仓用户的锁仓比例去分配。为什么这样?因为我们依然想激励愿意长线持有FT的用户,因为FT的本质类似于股份,但它是token化的。它是FCoin所有权的一个代表,未来更是FToken,包括Fractal公链大生态权益的代表,所以说FT的持有价值是它的一个核心价值。
  其实担心太多人来挖和担心没人来挖都是多余的。因为第一,再多的人来挖也不会影响FT每日返还的量,因为它是固定的,挖的人多只能说给我们增加流动性的价值。没有人来挖这个更不用担心,因为我们一个健康的可以持续三年以上的挖矿,我们不希望他是个短期的刺激。最终我们的交易用户和交易量都越来越大了,这是我们希望看到的发展方向,而且它一定会是这样的,只不过是个程度问题。所以说这两块儿都不用太担心。我个人倒不希望说一开始这个挖矿特别疯狂,当然我认为可能性也不是特别大,因为你想羊毛党没有了,短期套利也就没有了。别说一年了,一个月羊毛党都很难承受。
  下面我就回答一下咱们社区提前收集的问题,问题一共有六个我就一一回答。
  1. 如何防范对敲?让真实交易者获得FT?当初挖矿就是这样失败。
张健:其实我记得早期包括FCoin早期发展也有很多人提这个问题。这不是一个我们应该担心的问题,为什么呢,我们先说之前的经验就是在我们挖矿的过程中,对于我们所有币种的流动性和深度其实都是一个非常正面的效果。那么挖矿不可持续不是因为他的交易量大,或者说有人进行对敲,因为这个本质上也不可避免,更重要的是其实他们并不是所谓的虚假交易,因为它是真实的下单到这个交易所,真实的进入撮合的。所以说这个东西它只要是真实的订单,我认为它就是真实的交易。
  第二个问题,是说让真实的交易者获得FT。不知道大家发现没有就是我们实行的主板差异化手续费以后,我们的深度有了明显的提升。大家可以横向比较一下,懂的人都明白,我们现在在界内是一个怎么样的水平。
  但是我这里面想强调一点,就是差异化手续费虽然MAKER TAKER的手续费抵消了,我们平台并没有收到费,但不代表用户不支付费用。所以说MAKER,他其实是就是纯粹的MAKER,他是能够赚钱的。那这个和鼓励交易放在一起,它就变成了一个互相激励的过程。交易量的增加,会激励更多量化参与也会激励更多的TAKER参与,更会激励MAKER参与,因为MAKER是收费的嘛。所以说第一我不认为大家担心的这个所谓的对敲问题是个问题。因为我认为只要下进市场的单子,就不是你凭空创造的。你没有下到市场别人吃不到的,那是造假的。我知道当然有交易所这么造假,但是我们是无法这样造假的,因为我们是要分出去的,哪怕我们MAKER TAKER加起来是免费的。但是实际上如果你是纯粹的MAKER是能收钱的,所以我们要返还给你的这个是没办法造假的。
  刚才提到这如何让真实的交易者获得FT。我刚才讲了。其实就是如何尽量避免羊毛党把我们的FT刷走。这个我已经说了嘛,如果他能够通过挖矿,愿意持有锁仓一年的FT.那我认为那不仅是一个真实交易者,而且是一个看好FCoin长远发展的真实交易者,那这样的交易者我们是鼓励的。
  2. 如果这次公告只针对b版,没问题,针对主板a,让主板a保留最少万一手续费利润,也没问题,如果针对主板a,还不给主板a留一毛钱利润,就是监守自盗,能不能考虑一下FT持有者的利益???
  张健:这个问题问得多,但是问题不清晰。这个问题其实我在一开场解释的时候,已经涵盖了这个问题。就是你看那些伟大的公司,并不是说把基础做大,会剥夺我的利润,反而是最终能创造巨大的利润的。如果基础做不好,就是你不能够在基础的环节(交量最大的这些交易对占领市场),那在长久来说有可能你这个平台都不存在了,别说你能不能收费的问题。所以核心在于我们要把以交易用户为基础的社区、交易量、深度做大。而不是我们守着这点用户收钱,那么与你越收越少,最后你你也没有钱可收。至于有人说监守自盗,这个就是基础信任。如果你不信任我们创始团队的初心,也不信任FCoin这个平台,您可以用脚投票嘛是吧,没有必要这样。因为我觉得如果基础信任都没有的话,其实可能你就不是FCoin的用户是吧。我觉得信任是第一基础,看好才是更高层次的。但是我认为我们的社区化最终是能够赢得大部分用户人的心的。
3. 年底分红绝大部分,与现在的锁仓分红违背,平台收益被投机套取,可能会出现短期币价波动,不利于稳定发展,如何避免?
  张健:其实80%累计到年底,20%是每天锁仓分配,这样分配的原因对FT的好处我也说了,我可以再强调一下。这种分配方式会让币价比较恒定,就是稳定的发展,而不是大起大落。因为你如果从一个小圈子来看,从FCoin这个小生态来看,那FT的价值代表FCoin本身的价值。那它要通过营收和营收的增长体现出来。所以说如果有可分配利润的累积,反而有利于FT的币价的稳定。相反如果每天把所得利润分出去,会造成币价的大幅波动。
4. 20%分红隔天发,80%分红于1月1日结算的提案。其中80%堆积下来的这部分资产的具体存储方案是什么?是否考虑定期理财这种方法。
  张健: 80%累积下来的资产存储方案是这样的。最典型比如苹果公司,苹果公司持有了大量的现金。也有股东质疑苹果公司说你持有这么多现金,为什么不去投资?那苹果管理层回复就是确实没有找到比持有现金更好的投资方式。毕竟苹果的资产规模比较大。我只是想说,这是一个过程中的决策。但有没有可能进入理财呢?还是持有现金好呢?对于这个我们会去评估。
  但是理财这个事是这样的。首先理财跟交易一样,他是我们提供给用户的一个产品。也就是说杠杆和理财要相匹配,产品才能够持续的运转。在就是用户提供的理财足够多的情况下,我们是不能够和用户争利的。因为毕竟你就相当于我们交易所不能下场交易一样。虽然我们累积的是FT持有者的利润,但是这个利润毕竟是要首先让位于我们提供的核心产品的。未来如果我们的借贷需求非常旺盛,用户提供的理财金额,不能满足需求,那我们是可以考虑把累积的利润放到理财的。这个我们首先评估风险。因为任何投资也是有风险的。如果我们能有无风险投资,当然最好的。但是我们首先要保护大家的财产利益,就是把累积的收益能够原封不动发给大家,这个是我们的义务。
5. 用户担心的是fund所发放的FT会被投机套利,而不能实现真正的分散持有。
  张健:这个其实我解释过了,是没办法套利的。
  6. 请问新的提案设计是否考虑了杜绝量化机器人恶意挖矿的可能?历史经验证明,只要有量化机器人挖矿就有恶意砸盘。我们这次方案一定要考虑把挖矿返还的ft分配到千万真实交易者手里,而不是被量化机器人所攫取。
  张健:其实很多人问的问题主要是对整个新方案理解不足导致的。这个我已经解释过了,其实是没办法套利的。跟上一个问题是一样,如果这个量化机器人他愿意去争这个固定额度的百分比和一年之后才能卖出的FT,那我其实是很欢迎的。因为它为我们提供了好的流动性。也就说当我们杜绝了短期的羊毛党短线的套利党以后,投机套利这些问题都不存在,都会变成了非常正面的事。
  另外,比如说这个所谓的这个对敲问题,您可以敲敲试试吗。我为什么要去让你去BTC对敲,因为现在我们挖矿毕竟没开始嘛。你想感受一下你就去这个BTC这个最大的交易对去感受一下,但是如果挖矿开始以后,我相信你在所有交易对的感受都是类似的。
  今天的这个分享就到这里。我也非常高兴,这么久以后,我们还能有机会再次的在我们的官方群沟通。而且不仅有这个机会,我们后面还有无数的机会,但为什么我非常感谢特别甚至是感恩呢。因为我觉得其实没有太多人有这个幸运,能够在大起大落以后还有再次起的机会。这个的原因就在于这个最困难的时候大家的不离不弃。哪怕我们被别人说我们已经倒闭了,哪怕我们币价跌到这个地步,依然有一些用户愿意相信我们。这些是我能够坚持走下去最重要的原因。
  大家可能对于FCoin还有各种各样的问题,包括整个公链的生态,包括我们国际化的问题。欢迎这个大家把这个问题统一发给咱们的社区志愿者,然后我之后会安排专门的时间,为大家去解答这些问题。
  我和大家的想法、基本的目标都是一致的。当然都希望FCoin越来越好,而且我一直都在努力。最后有一个恳求吧,我恳请完全搞懂这次公投提案的,和我所有的解释内容的社区用户,能够扮演起我们社区一份子的角色,去给这些还没有充分理解的人能够多一些耐心,多一些解释,这是我最后对大家的一个请求。谢谢大家!
挖矿1.jpg 挖矿2.jpg

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2019-3-8 14:34
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1.支持可持续挖矿。从基金会回购销毁慢慢转换为引流挖矿,能够在熊市保持持续热度和发展,巩固差异化手续费政策。
2.支持部分分红年度发,但是不支持80%比例。年度分红这会对ft估值有个直观的参考,类似曹操的望梅止渴激励士兵,也会形成行业类的话题效果。但是我更倾向50%日分红,50%年分红。因为锁定的资产也有不确定性,损失流动性,锁定资产中如果有某一类资产大幅贬值,也会负面反馈到ft价格。比如usdt,万一tether没有充足储备或者被郑策银行封锁。没机会逃命。只是假设。但是为了支持发展,留一部分年分红也是有好处的。另外,也不排除不可抗力的因素导致年度分红的亏损,比如黑客攻击,保留80%比例的年度分红太过冒进。
3.不支持除息操作。准确的说,我不支持人为的除息操作。因为市场本身就是价格的有效反馈,实际上现在我们每天都分红,市场无时不刻就再除息。不人为除息,在 12.31 23:59:59持有ft的人早就意识到下一秒ft的价值会少掉一年的分红,1.1  00:00持有人也早就会知道从这开始是没有分红收益的,这个预期早就在一年当中被市场充分评估,导致ft的价格在12.31那天ft的价格就是除息后市场接受的价格,价格平稳过渡,就像现在每天凌晨平稳过渡。另一个原因,比特币区块链市场本就是技术手段提升金融效率,比特币就是24小时全年不间断交易流通。而人为除息必须在某一刻某段时间停盘,这与区块链精神相悖。如果人为除息,会停盘会限制流通。你们听说过比特币交易停盘吗?比特币不准流通吗?BCH可以理解为BTC分红,分红需要比特币网络暂停吗?需要BTC人为除息吗?BCH分叉BSV,网络也不暂停,交易没有暂停,也没有人为除息。因为市场会自动除息。如果ft发展到一个经济体,可以作为这个经济体的货币,货币能停止流通和定价吗?比如我12.31去饭店吃饭刷ft,店家说,这两天不刷ft,停盘了,不知道价格。只支持刷比特币。所以,要看长远,流通也是很重要的价值,自由的流通。股市会有一个集中竞价阶段的开盘价作为除息参考,但是币圈24交易,没有开票指导价,充分市场化,已经反映了除息的价格。况且,传统资本市场,分红除息本身值得质疑。分红除息的理论根本上是有问题的。股价(币价)本身是怎么来的?股价和股息本身根本没有直接联系,股价是由供求关系直接得出的,怎么能通过股价的折损消除掉公司红利?

所以,我倾向50%日分红,50%年分红,不人为除息。如果提案二不修改,那只能投否决票,维持现状。
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2019-3-7 02:25
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辛苦了!Fcoin加油!!
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2019-3-7 02:30
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论坛做的这么烂,难道技术还不如澳门在线吗?

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亲,您有什么好的建议提案可以通过论坛发帖提出!您的每一句宝贵意见我们都会郑重看待!给社区点耐心也就是给自己机会!  详情 回复 发表于 2019-3-7 07:51
论坛并不是交易所研发团队做的,请问论坛哪里有问题方便具体指出么?这边好改进。  发表于 2019-3-7 02:40
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2019-3-7 07:44
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与其在别处仰望,不如在FCoin并肩。
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2019-3-7 07:51
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guidandan 2019-3-7 02:30
论坛做的这么烂,难道技术还不如澳门在线吗?

亲,您有什么好的建议提案可以通过论坛发帖提出!您的每一句宝贵意见我们都会郑重看待!给社区点耐心也就是给自己机会!
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2019-3-7 08:13
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       感谢张健回归社区,感谢他公心让利于社区!!
       关于方案二,我想针对张健的解读发表一下看法。
       先说结论: 留存分红,可以增厚净资产, 但对于提升FT价值起到的作用非常小,因此也不能起到很好的激励长线持币者。
       原因有2个:
        第一: 张健认为分红留存能增厚FT价值,因此起到币价稳定作用,这里混淆了不同类型公司的估值方式。
               大家都知道,格雷厄姆时代用净资产估值,因为当时主要是重资产公司,有型资产才放心; 到巴菲特时代,采用DCF、PE
               估值,因为这个时代主要是消费品公司为主,看公司的利润创造能力; 再到互联网时代,利润为负,对互联网公司,要么
                按PS估值,要么按流量估值。
                那么新兴的区块链交易所+公链,该如何估值呢, 目前还没有成形的方法,但肯定不是按净资产来估值的; 换句话说, 我
                持有FT,肯定不是因为你那留存了一点分红,  我看重的必定是通证化、巨大的流量。
                所以回到张健的结论,把分红80%留存1年再发放, 貌似能起到稳定作用,实则因为估值方法错误,起不到应有作用。
        第二:从投资者角度来说
                 1、80%都是中短线的, 没有谁会为了分红拿一年;
                 2、大部分人,根本不会细细思考,会拍脑袋想,我为什么不12.31买进拿分红,而要傻傻的拿一年!
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2019-3-7 10:26
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我只想问一点,是不是回购在可持续挖矿过程中越来越无力,直到最后通缩模式彻底废除

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我是建议fund不变,让团队、平台持有的ft分红或者ft来完成这次可持续挖矿,,,,既不改变预前通缩模型,又能试试创新的可持续挖矿,,不知道可以不????  详情 回复 发表于 2019-3-7 10:52
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2019-3-7 10:52
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Haha123Ha 2019-3-7 10:26
我只想问一点,是不是回购在可持续挖矿过程中越来越无力,直到最后通缩模式彻底废除

我是建议fund不变,让团队、平台持有的ft分红或者ft来完成这次可持续挖矿,,,,既不改变预前通缩模型,又能试试创新的可持续挖矿,,不知道可以不????
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2019-3-7 13:09
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建议采用手续费回购模式,邀请返佣5%左右。平台现在已经流失用户太多,现在这个可持续挖矿说实话对外面的用户没啥吸引力,可能都不会有人进来。一开始需要吸引羊毛党把平台做大,后面再逐步转型。
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2019-3-7 15:30
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张总王者回来,携通证经济、带领Fcoin走向新一个巅峰!
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2019-3-7 16:17
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张健先生胸怀天下,公心可鉴
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2019-3-7 21:46
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Zhang Jian's Interpretation of the Referendum on Sustainable Mining and Income Distribution Adjustment

Zhang Jian March 6th, 2019

Foreword
   Use this live broadcast to answer some of the questions that people are most concerned about. First, let's talk about the principle of this proposal. Because this proposal is approved by the Community Development Committee, some people may not have an in-depth understanding of this proposal, so there may be some misunderstandings. Let's talk about it overall, and then in the process, you can also send questions to our volunteers or official staff.
  Everyone knows that any policy will be controversial. There is no doubt that a great business organization, especially an innovative organization like us, that no one has ever walked through, is certainly not smooth sailing, and we all know that Rome wasn't built in a day. Before we are ready, it is useless to say that it is useless, because you have to take the facts to speak, including the fact that we have experienced several major referendums, and the main board transactions have achieved very good results, but I also Didn't come out, because I think maybe the infrastructure is not enough, including now I don't think we're doing enough, but I think we are starting to go uphill, so all these things, all the indicators are improving. Aspects of development. I hope that the publicity at the community level will gradually move.
  In order to make our overall community communication more efficient, I can promise to do some official live broadcasts on a regular basis to answer your questions. But if I come out and everyone wants to think about the problem, then we will be more efficient in communicating. Recently, we do have too many things to advance our community-level development. Then our volunteers are also more amazing, including the team of our entire social committee is gradually mature, so we have a variety of channels to collect everyone's problems. If the issue has nothing to do with this referendum, it is not that I can’t mention it. I just said the reason. You can concentrate on giving feedback to our community volunteers, including our official staff. If there are issues that everyone is generally concerned about, then We can schedule another live broadcast of these issues.
  Before I talk about the referendum issue today, I have a small question: Someone mentioned why motherboard ‘A’ is rewarded. It is obviously free. Why don’t we put such rewards in the field of charging, or we put the motherboard ‘A’ Become a re-reward for the fee. In fact, this issue is not entirely a question of the referendum today. It should be the time when the previous differential fee was charged, including the internal committee of the Social Welfare Committee. We have also argued about this issue. I will explain it to you here. Because the issue of free is relatively large, this whole is a big business logic series; I will give a few simple examples. For example, when the early Ali Taobao just came out, it competed with eBay. When you open a store on eBay to collect money, Taobao is free to open a store. Later, Taobao defeated eBay, but now Ali’s income is to open a store? No, none of his income was bought, but his scale was so amazing that he became the company with the highest market value in the entire Chinese Internet and entered the top 10 companies with the highest market capitalization in the world. This is just a small example. More intuitive examples come from Tencent and Baidu. Everyone thinks if QQ or WeChat  is charged, just like us to send a text message, a dime, do you think he can become Tencent now? If Baidu charges every time he searches, can he still become Baidu? But are they not making money?
  Then there are people who say that since you don't charge, then shouldn't you motivate this, but should motivate things that are charged? In fact, this logic is also wrong. For example, if Taobao opens a store for free, he will not promote Taobao. QQ and WeChat free chat it will not promote it? Baidu search for free, it does not promote Baidu? I don’t encourage red packets when I send red packets for free. This is the logic of a platform. You can only build a solid and barrier-based business model with only enough people. This business model may not be related to the core of your platform, and it is related to the fees. The key lies in your platform. Is it powerful enough?
Below I will enter this main topic of our referendum.
Text
   First, let me introduce what is called sustainable mining. Today, members of the Social Welfare Committee proposed that it is not to dig mines. After all, it seems that the reputation of mining is not good. Everyone thinks that mining will inevitably fall. Then I personally insist that it must be called mining. This time it is called "Sustainable mining". Why, because the initial heart has not changed, when it began to build FCoin, its design is indeed the hope of the trader, can also become the owner of the platform, this is a very core concept, but also our initial heart. As for the controversy that has been caused, including the huge fluctuations of the FT and the problems of the mechanism itself, I think he is indeed problematic, but I cannot say that there is a problem with this mechanism. We have no mechanism to solve it, so I think it is sustainable. Mining is our long-term precipitation and preparation. We feel that sustainable mining is a sustainable and healthy mining mechanism or a mechanism that truly conforms to my heart-based economy, that is, our users, Can be unified with our owners.
  In fact, the concept of sustainable mining contains two key points. The first key point is why it is sustainable, that is, what is the principle of mining. The second key point is the impact on the mobility of ft itself. Let me start with the first point, why is he sustainable?
  If there is no previous setbacks and no previous experience accumulation, it is very difficult for us to reach this step. We have proposed a concept of sustainable mining, which is a bit like sustainable development. For example, after the reform and opening up, China has experienced rapid development for a long time. The results have been good in all aspects, and we began to propose sustainable development from the top down. Why, because we can't fish and fish, we can't sustain the high growth of the economy by exhausting resources because it is not sustainable. Then I think this is similar to the concept implicit in FCoin mining.
  First of all, sustainable means that its circulation is controllable, but FCoin's early trading mining, its circulation is actually uncontrollable, what does it mean? The more the transaction volume, the more I dig, which directly leads to the imbalance of the original design model. We think that this model can be dug for more than a few years, and the result may be dug in less than a year or even months because your circulation is uncontrollable. At this time, some people said, can we refer to Bitcoin mining ideas?
  Why is the ideal model of Bitcoin mining controllable? Because it designed a set of quantitative output algorithms. Many people understand that the more computing power, the more they dig. Actually, it is not. It is the competition in this period or the proportion of this block. Your advantage is relatively large, but in fact, the daily mining output is Fixed, is competitive mining. With the new sustainable mining proposal, we hope to achieve sustainable development for more than three years through quantitative adjustment of output, because I feel that it takes so long for us to strengthen FCoin's position in the industry. Of course, we also hope We can give back to our users for a long time and give back to our traders. This is the first point, that is, regardless of the daily trading volume, our output is relatively controllable and constant every day.
  Second, what are the characteristics of sustainable mining? The ft we returned is the ft of the lock. What do you mean? In the previous mining mode, after the excavation, I will return it to you the next day, and then I will be able to sell it immediately. This has caused a lot of short-term arbitrageurs who actually mine or participate in trading to get ft not to hold ft for a long time, but to sell arbitrage, which is actually contrary to our original intention. Because our original intention is to make the trader become the holder of FCoin, which is the holder of ft. However, if a large number of people who obtain ft through mining are short-term arbitrageurs, this is actually not conducive to the healthy development of the ecosystem. Of course, the more intuitive feeling, you may think it is the price of the currency. The question of the price of the currency, when I talk about the second point, I will specifically explain to you some of the principles in this regard. More importantly, I think this is a process of returning to the original heart: that is, those who hope to obtain ft by mining are really optimistic about the long-term development of FCoin. Therefore, the ft we returned is locked for one year. That is to say, you start with ft. Today your transaction will be returned to you on the next day. But unlike the previous one, it is not 100% discount, but it is equivalent to the ratio of the fixed reward of the day and your trading volume. But this can't be sold right away. However, in addition to not being able to sell immediately, you have all the rights: dividends, voting, etc. After getting this part of ft for a year, you are free to trade. But each time is delayed for one year. Because this part of the ft is from the FCoin fund, everyone actually questioned: Is your FCoin fund not locked for 3 years? If this is the case, it will be released in a year. Is this released in advance? Actually not, everyone thinks about it. First, although it has been locked for three years, we have already passed for half a year. Second, mining is not released from the first day. We dig at least for 3 years or even longer. So if you fold it, it is possible that this method will be released more slowly.
  I think there are users who mentioned the issue of selling. Since this issue is related to the second point of sustainable mining, I will simply say it. Since it is sustainable mining, we hope that he is healthy. First, his production is relatively constant. For example, we are currently designing a trading mine, which is a fixed output of 1 million per day, and this 1 million ft is still issued in the form of a lock. Therefore, the theoretically new mining does not affect the existing ft fluidity or the so-called throwing pressure. This one can take a serious look at our mining plan. Therefore, we hope that those who are willing to invest, trade, and mine are all optimistic about FCoin's long-term holders. In other words, in the end, we hope that he is in a very healthy state: everyone does not pay too much attention to mining, but everyone is willing to trade in FCoin because the FCoin transaction can not only enjoy the trading experience of not losing to any other exchange. For example, the depth, the fee collection, and even these aspects we may all have certain competitiveness; not only that, but we will also let you become our holder to a certain extent, of course, depending on your trading volume. So the more you contribute to our liquidity, then we are willing to give you more ft. But this part of ft is not for you to use the set immediately. In this way, a relatively healthy and sustainable form of mining can be derived. So I named him sustainable mining.
  Next, let me talk about the second proposal, which is about the proposal for income distribution adjustment. This proposal is actually very important and is related to the first proposal. Therefore, I will also focus on it.
  The second proposal, you can see that the purpose is to benefit ft's value discovery, stability, and fairness while encouraging ft's long-term holding. Many people don't understand much, why do they have such an effect?
  I will answer your questions one by one. First of all, I will make a short rehearsal to make it easier for everyone to understand the problems we face. What is the resumption? The huge fluctuations in the early price of ft,  that is, the relationship between the sharp rise and fall and its mining, and the relationship between its dividends. Of course, between mining and mining, everyone knows that this is a problem with the release of FT. His release is actually uncontrollable. This part of the proposal I just mentioned is also mentioned. The second proposal focuses on dividends. Why do dividends affect prices? Or what is the relationship between dividends and prices? Here, I mentioned a concept in the proposal. Some community users may not look carefully. There is a concept called ex-dividend.
  I explain what ex-dividends are. For example, I now use stocks as an example. I may now have a market price of about 10 Yuan, but I have a profit of five Yuan. Then I will have a very big difference before and after the distribution. One core issue is based on fairness, and the second is a price issue. What is a fair question, for example, I have a ten dollars, but I have to divide the profit of five dollars, if I say that I have a snapshot of 12 o'clock this evening, if the price of this short two minutes has not changed, 11:59 What kind of situation does the person who buys and the person who buys at 12:01 face it? That is to say, the person who bought it early will receive a dividend of five Yuan. The person who bought this night actually bought the same price, but I did not get the dividend of the five dollars. That is a huge unfairness for people who buy at 12:01. So this traditional capital market has a concept of ex-dividends because it is open every day, unlike our 24-hour continuous trading. Opening every day is the day we ex-dividend. For example, I am now ten dollars, but I have to divide the profit of five Yuan, that is, to share it with everyone. After the price is divided, he is five Yuan, that is, ten dollars minus five Yuan that you have already allocated. In this case, because the user of 12:01 did not actually get your five dollars. Therefore, it is fair to the users before and after, and it also more objectively restores the changes in its own price, because you divide the value of this part that is originally contained in each share. In fact, there is not much impact on the people who have been holding them.
  Then I will look back at what happened before the FT. First, we actually did a statistic. This data is also quite serious. Our FT is about 0.7 US dollars per FT, even from the highest point, until we stop mining. We probably counted this data, and if I remember correctly, it should be about this. What is the concept, that is to say, if we follow the average weekly price, our highest weekly average price is also about this price, which means that our dividend is actually equivalent to our highest price (if everyone has been holding this FT) if). But because the dividends have been separated, everyone does not care, what we can see is the FT price drop. Second, he is very disadvantageous to long-term holders. Because the exchange does not help the FT ex-dividend, the market will automatically execute the ex-dividend. But for us, we are under tremendous pressure. You may not care how much your dividends are distributed. Everyone cares about how much your price has fallen. In fact, if the dividends are counted, FT should be regarded as the least price drop in this bear market, but everyone will not count dividends, and this kind of daily or no income is more or less, this way of dividing all incomes every day, In fact, it is very unfair to long-term investors. That, of course, is even more unfair to our overall community. Because I did not perform this operation, but our value is constantly divided. It is not conducive to the healthy development of a stable long-term, which is a core reason. Let me explain to you. Why should we setting a one-year period and we still have a two-eighth?
  Some users immediately thought of it. Since ex-dividend is a problem, why can't we make a living every day? There are two problems with daily ex-dividends and two very serious problems. The first is the issue of value stability, and the second is the technical issue. I will explain these two to you separately.
First, what is the value of stability? Our FT should be said to have created the entire token dividend type and is also a pioneer. Before you have anything, no dividends, no incentives. You can only rely on its ups and downs to make money, which is why our FT is a bit special, or we have to consider more reasons. But if we excuse every day, it will cause us to have no value center, long-term value center, let me give you an example. Compared with the traditional capital market, it has the earnings per share, what is the price-earnings ratio, to calculate More value. Of course, I can't always calculate the price-earnings ratio. I think the most important thing is to look at growth and then the price-earnings ratio. But the price-earnings ratio is a simple standard. If we don't consider the big ecology of Fractal and FToken, just consider the small ecology of FCoin. It is very important to have a stable value accumulation, instead of your price being ex-dividend every day. All are changing. The second reason is the technical level. Technical reasons are hard to do. Because the traditional stock market has an opening and closing, but all the currencies of the currency circle are 24 hours of continuous trading. Because it is also for global users, it must lead to opening and closing of the ex-dividend, it must be stopped to operate, can not say that in the process of trading can operate, it is not acceptable. So this is going to be done every day, but it can't be technically done.
  Let me add the first one. I think this is actually the wish of everyone. Before we included, we experienced a skyrocketing and plunging last year. We found that this problem is that all community users still hope that with the development of FCoin, FT can grow steadily, do not want it to skyrocket, and the skyrocketing is not conducive to the long-term holding of our community users. It is also not conducive to its stable development. Let's take a look at these great companies, whether it is Google or Facebook, domestic BAT, especially Tencent. When it comes to market, the market value is actually very small, but as the company grows, its entire market value is also experienced. A few years or even a substantial increase of more than ten years, I think everyone wants to see such a situation, rather than very short-term price fluctuations.
  Then I will explain it to someone who just said that it will be issued once a year, which is not conducive to re-investment. Why do we have to allocate 28, in fact, everyone carefully looks at the proposal, not all of them are allocated every year. We are accumulating 80% of the distributable income to be issued once a year. This is our value center and our pinnacle of the sea. Is a very important way for us to reflect FCoin growth and then let everyone see the value of FT. But even if there are 10,000 benefits, I don't advocate giving up the way to pay dividends every day. So we will divide 20% of the distributable income every day.
  When you talk about the wool party, if the wool party can afford to sell it one year later, then he is not a wool party. He is a long-term investor. We welcome such investors. And it's not that you brush the most, the bigger your volume, this is a competitive relationship, that is, the daily release is constant, I hope everyone will review what I said before, take a closer look at the details of the referendum.
  Then I will explain again that 20% and 80% are very different, that is, 80% of the annual cumulative allocation, we only need to hold FT (not limited to lock), because it is implied in every FT Internal value. However, the 20% distributable profit per day is allocated according to the proportion of locked positions of the locked users. why is it like this? Because we still want to motivate users who are willing to hold FT in the long-term, because the essence of FT is similar to the stock, but it is tokenized. It is a representative of FCoin's ownership, and the future is FToken, including the representative of the Fractal public chain's big ecological rights, so the holding value of FT is one of its core values.
  In fact, worrying about too many people to dig and worry that no one is going to dig is superfluous. Because first, more people will not affect the amount of FT's daily return, because it is fixed, and many people can only say that we can increase the value of liquidity. No one wants to dig this, don't worry, because we are a healthy mine that can last more than three years, we don't want him to be a short-term stimulus. In the end, our trading users and trading volume are getting bigger and bigger. This is the development direction we hope to see, and it will be like this, it is only a matter of degree. So don't worry too much about these two pieces. I personally don't want to say that this mining is particularly crazy at first. Of course, I don't think the possibility is particularly big because you want the wool party to be gone, and the short-term arbitrage will be gone. Not to mention a year, the wool party is hard to bear in a month.
  Next, I will answer the questions collected by our community in advance. I will answer the questions one by one.
1.        How to prevent against knocking and Let real traders get FT? we know
That The mining was failed before。.
张健: Actually, I remember that many people mentioned this issue in the early days including FCoin's early development. This is not a question we should be worried about. Why, we said that the previous experience is that in the process of mining, it is a very positive effect on the liquidity and depth of all our currencies. Then mining is not sustainable because it is not a big deal, or someone is knocking on it, because this is inevitable in nature, and more importantly, they are not so-called fake transactions, because it is a real order to this. The exchange, the real entry into the match. So to say this thing as long as it is a real order, I think it is a real transaction.
  The second question is to let real traders get FT. I don't know if we found that there is no difference in the cost of the motherboard we implemented, and our depth has been significantly improved. Everyone can compare horizontally, and everyone who understands what level we are in the world.
  But what I want to emphasize here is that the differential handling fee is offset by the MAKER TAKER fee. Our platform does not receive the fee, but it does not mean that the user does not pay the fee. So, MAKER, he is actually a pure MAKER, he is able to make money. That, together with encouraging the deal, becomes a mutually inspiring process. The increase in trading volume will stimulate more quantitative participation and will encourage more TAKER participation, and will also encourage MAKER to participate because MAKER is charged. So first, I don’t think that the so-called knocking problem that everyone is worried about is a problem. Because I think that as long as you enter the market list, it is not that you create it out of thin air. You didn't go to the market and others couldn't eat it. It was not real. I know of course that there are exchanges that are so not real, but we can't make such a fake, because we have to split it out, even if we add up the MAKER TAKER for free. But in fact, if you are a pure MAKER can collect money, so we have to return to you this is no way to falsify.
  Just mentioned how this allows real traders to get FT. I just said that. In fact, it is how to avoid the wool party to take our FT away. I have already said this. If he can mine, he is willing to hold an FT for one year. I think that is not only a real trader but also a real trader who is optimistic about the long-term development of FCoin. Traders are encouraged.
  2. If this announcement is only for the ‘b’ version, no problem, for the motherboard ‘a’, let the motherboard ‘a’ retain at least the handling fee profit, no problem, if for the motherboard ‘a’, do not leave a dime profit for the motherboard ‘a’, that is Can you consider the interests of FT holders? ??
  张健: This question is much more asked, but the problem is not clear. This problem has actually covered this issue when I explained it at the beginning. It is that you look at those great companies. It is not that making the foundation bigger will deprive me of profits, but will eventually create huge profits. If the foundation is not doing well, it is that you can't be in the basic link (the most traded deals deal with the market), then, in the long run, it is possible that your platform does not exist, let alone whether you can charge. So the core is that we have to expand the community, transaction volume, and depth based on trading users. Rather than keeping the user collecting money, the more you collect, the less you will receive, and in the end, you will have no money to collect. As for some people who say that they are self-stealing, this is the basic trust. If you don't trust the original heart of our founding team and don't trust the FCoin platform, you can vote with your feet. No, you don't have to. Because I feel that if there is no basic trust, you may not be an FCoin user. I think trust is the first foundation, and optimism is the higher level. But I think that our community will eventually win the hearts of most users.
3. At the end of the year, most of the dividends will be violated with the current lock-in dividends. The platform revenue will be speculatively captured. There may be short-term currency price fluctuations, which is not conducive to stable development. How to avoid it?
  张健: Actually 80% accumulated to the end of the year, 20% is the lock allocation every day, so the reason for the distribution of the benefits of FT I also said, I can emphasize again. This kind of distribution will make the price of the currency relatively constant, which is a stable development, rather than big ups and downs. Because if you look at it from a small circle, and the small ecology of FCoin, the value of FT represents the value of FCoin itself. Then it will be reflected in the growth of revenue and revenue. Therefore, if there is an accumulation of distributable profits, it will be conducive to the stability of the FT's currency price. On the contrary, if the profit is divided every day, it will cause large fluctuations in the price of the currency.
4. 20% dividends are issued every other day, and 80% dividends are settled on January 1. What is the specific storage plan for 80% of the assets that are piled up? Whether to consider this method of regular financial management or not?
  张健: 80% of the accumulated asset storage solutions are like this. The most typical example is Apple, which holds a lot of cash. Some shareholders have also questioned Apple that you hold so much cash, why not invest? The Apple management response did not find a better way to invest than holding cash. After all, Apple's assets are relatively large. I just want to say that this is a decision in the process. But is it possible to enter financial management? Still holding cash? For this, we will go to evaluate.
  But the matter of financial management is like this. First of all, like a transaction, he is a product that we provide to users. That is to say, the leverage and financial management must match, and the product can continue to operate. In the case that the user provides enough financial management, we are not able to compete with the user. After all, you are equivalent to the fact that our exchange cannot be traded. Although we accumulate the profits of FT holders, this profit is, first of all, to give way to the core products we provide. In the future, if our borrowing demand is very strong and the amount of wealth management provided by users cannot meet the demand, then we can consider putting the accumulated profits into financial management. This we first assess the risk. Because of any investment is risky. If we can have risk-free investment, of course, is the best. But we must first protect everyone's property interests, that is, to distribute the accumulated profits to everyone, this is our obligation.
5. The user is worried that the FT issued by the fund will be speculatively arbitrage, and the real decentralized holding cannot be achieved.
  张健: Actually, I explained that there is no way to arbitrage.
  6. Does the new proposed design consider the possibility of eliminating the malicious mining of quantitative robots? Historical experience has proven that as long as there is quantitative robot mining, there will be malicious discs. Our plan must consider assigning the ft returned by mining to the hands of millions of real traders, rather than being captured by quantitative robots.
  张健: In fact, many people ask questions mainly because of the lack of understanding of the entire new program. I have already explained this, but there is no way to arbitrage. The same as the previous question, if this quantitative robot is willing to fight for the fixed percentage and the FT that can be sold after one year, then I am really welcome. Because it provides us with a good liquidity. That is to say, when we put an end to the short-term arbitrage party of the wool party, speculative arbitrage does not exist, and it will become a very positive thing.
  In addition, for example, this so-called knocking problem, you can try it. Why should I go to let you go to the BTC, because now we have not started mining yet. If you want to feel it, you can go to the BTC, the biggest deal, to feel it, but if the mining starts, I believe that you feel similar in all trading pairs.
  This sharing of today is here. I am also very happy, and after a long time, we will have the opportunity to communicate again in our official group. And not only does this opportunity come, there are countless opportunities behind us, but why am I very grateful for the special and even grateful. Because I don’t think there are too many people who have this luck, and they have the opportunity to start again after the big ups and downs. The reason for this is that everyone is not leaving this most difficult time. Even if we are said by others that we have closed down, even if our current price falls to this point, there are still some users who are willing to believe us. These are the most important reasons why I can keep going.
  There may be a variety of issues for FCoin, including the ecology of the entire public chain, including our internationalization issues. Welcome everyone to send this issue to our community volunteers, and then I will arrange a special time to answer these questions for everyone.
  I agree with everyone's ideas and basic goals. Of course, I hope that FCoin is getting better and better, and I have been working hard. Finally, there is a pleading. I urge that the community users who fully understand this referendum proposal and all my explanations can play an important part in our community and give more patience to those who do not fully understand it. More explanations, this is my last request to everyone. Thank you all!




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2019-3-13 10:33
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提案一:赞成 提案二:赞成 当前环境我们还怕失去什么?鲁迅先生说过:世上本没有路,走的人多了,遍成了路。FCoin是一条创新的路,一条前无古人后无来者的大道,尽管迈开步子往前走,我作为社区一份子,必将全力以赴携手社区走下去!征程虽远,未来可期!
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2019-3-13 14:32
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天才的设计,知错就改,改的更好。
是不是走的远,看的是你心中装的是什么?
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2019-4-9 18:32
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与其在别处仰望,不如在FCoin并肩。
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2019-4-29 13:59
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看完张总的直播内容,对FCOIN制定各项政策的背景更清晰明了。对FCOIN的未来也更看好了!
追随Fcoin长期持有一直走下去。
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2019-5-10 14:49
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想法确实不错,希望未来的牛市里大放异彩
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2019-5-20 23:58
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还有英文翻译 666
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2019-6-15 13:54
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挖矿中,不知道明年解锁能卖个啥价钱
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2019-6-21 16:09
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定期锁仓,后期锁仓
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2019-6-27 23:17
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年底分红是只要分红前一天持有就有吗?如果这样那分红完会不会就砸盘了

点评

谢谢,了解了  详情 回复 发表于 2019-6-28 19:47
有除息动作:https://ft.fan/thread-1730-1-1.html  发表于 2019-6-28 19:21
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2019-6-28 19:47
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FBounty 发表于 2019-6-27 23:17
年底分红是只要分红前一天持有就有吗?如果这样那分红完会不会就砸盘了

谢谢,了解了
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2019-12-1 19:54
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相信张总  ft100
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