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From YouTube: Bisq DAO Basics: BSQ tokens - Technical
Description
In this video, we will talk about the purpose of BSQ tokens and their creation (through genesis and issuance transactions). We will also briefly desribe the usage of BSQ tokens (such as voting and trading).
A
Hi
I
am
Verona
Soria
and
I'm
here,
with
Manfred
Carrere
I
found
her
bisque
the
centralized,
crypto
currency
exchange,
and
now
we
are
going
to
talk
about
bsq
tokens
and
in
the
previous
videos
we
talked
about
Bitcoin
transactions
and
colored
coins.
As
background
information
for
this
video
and
I'm
going
to
ask
Manfred's
what
is
a
bsq
coin
and
how
is
it
different
from
other
cryptocurrencies
yeah.
B
We
don't
want
to
discuss
too
much
about
this,
because
that's
for
another
video
we
want
to
focus
on
the
technical
side,
so
I
don't
want
to
get
lost
here
technically,
a
bsq
token
is
it
said
as
a
color
coin
it
get
issued
or
we
set
Genesis
transaction
to
all
the
past
contributors,
and
that
makes
it
very
different
to
many
other
projects
who
are
doing
ICO.
So
we
are
not
doing
an
IC
o----,
it's
a
completely
a
different
model.
B
We
are
not
asking
for
money,
the
project
is
already
in
production
and
it's
working
and
we
have
already
developers
who
are
working
for
it
since
a
while.
We
are
distributing
the
value
of
the
project,
tutor
people
who
have
built
the
project.
All
those
past
contributors
will
become
other
receivers
of
this
Genesis
transaction
and
then
every
months
they
are
making
their
compensation
requests
where
they're
earning
basically
new
bsq
by
issuing
ups
cute
himself
to
themselves.
A
B
It's
an
open-source
project,
so
it's
permissionless
anybody
can
join.
It
can
do
anything.
What
do
you
think
it's
valuable
for
a
project
like
a
developer,
fixing
a
bug
or
implementing
a
feature
or
somebody
making
a
video
or
whatever
that's
while
you're
doing
translations?
There
are
many
different
aspects
which
adds
value
to
the
project
and
their
amount
of
value
which
gets
added
to
the
project,
which
of
course,
is
a
little
bit
difficult
to
estimate,
but
yeah
there
are
ways
to
find
more
or
less
the
consensus.
B
What's
the
value
of
this
work,
work
was
done
for
the
project
that
will
become
subject
for
a
compensation
request
where
we
use
voting.
We
can
talk
a
little
bit
later
about
how
the
voting
works
or
but
it's
a
part
of
their
Dow
and
of
the
bsq
system
and
every
stakeholder,
everybody
who
has
fiesque.
You
can
be
part
of
the
voting,
it's
also
permissionless
and
they
are
deciding
if
this
compensation
request
was
justified.
So
when
you
do
this,
a
small
bug
fix-
and
you
want
to
$20,000
for
this
in
bsq-
then
you
probably
will
get
rejected.
B
B
Because
you
cannot
do
this
in
code,
there
is
no
AI.
Yet
who
can
estimate
the
contribution
to
bisque
was
valuable
or
not,
and
that's
done
by
humans
by
stakeholders
by
voting
and
they're.
Expressing
this
and
then
it
becomes
code
and
can
be
executed
and
validated
and
can-
and
it's
used
for
giving
these
special
rights
to
the
contributor
to
issue
new
bsq.
B
A
B
Only
me,
but
also
from
somebody
else,
yes,
so
far,
pistou
doesn't
exist
yet
there's
not
on
the
mainland,
so
you
cannot
buy
it
on
the
market.
But
later
when
we
have
launched
our
main
that
then
hopefully
two
three
months,
you
can
buy
psq
from
other
stakeholders
which
are
initially
they
are
only
contributors
initially
only
contribute
to
receive
psq.
They
will
sell
it
on
the
market
and
then
other
people
can
buy
this
because
queue
and
can
use
it
for
paying
the
training
fee,
which
is
one
utility.
But
maybe
we
talk
later
about
this
and
all.
B
All
these
additional
rules
on
top
of
the
Bitcoin
transaction
system
rules,
because
it's
a
Bitcoin
color
coin.
We
cannot
create
the
transaction,
which
would
be
a
little
bit
contraction.
So
it
has
to
be
a
valid
contraction
as
a
prerequisite,
and
on
top
of
that
we
have
yeah.
We
have
added
many
different
rules
for
being
a
well
it'd,
be
a
skew
token
and
every
basic
application
is
has
implemented.
B
This
validation
for
the
rules
and
similar
like
a
full
note
and
the
Bitcoin
system,
and
validates
and
verifies
every
bsq
transaction
that
it's
really
well
it'd,
be
askew
and
only
accept
or
yeah
would
detect
the
envelope.
The
excuse
when
you
do
anything
which
breaks
the
rules,
wrong
transaction
and
you're,
basically
destroying
the
bsq.
So.
A
In
the
Genesis
transaction,
then,
a
certain
amount
of
BST
was
created
that
is
created
that
is
going
to
be
distributed
to
past
contributors
and
in
the
issuance
transaction.
Any
new,
contributor
or
present
contributor
can
issue
new
bsq
again
via
the
same
process
as
we
talked
about
in
the
previous
video,
where
they
input
the
amount
of
Bitcoin
that
is
equivalent
to
a
certain
amount
of
bsq,
and
then
that
output
will
become
new
bsq.
That
is
going
to
be
part
of
his
or
her
compensation.
Yeah.
B
But
it's
two
and
a
half
million
our
peers
cube
because
you
have
so
we
defined
100,
Satoshi,
Kon
bsq,
and
this
two
and
a
half
million
Bitcoin
results
in
two
and
a
half
million
bsq.
And
we
are
distributing
this
two
and
a
half
million
PS
q
to
the
power
controller.
This
so
everybody,
depending
on
their
amount
of
contribution,
will
receive
a
small
or
big
amount
of
that
and
then
with
every
new
issuance
and
the
Chinese,
the
transaction
thumb
by
myself.
And
then
it's
hard-coded
and
I
I,
funded
from
the
genesis
from
the
donation
address.
B
So
I
used
some
Bitcoin
to
create
this
and
then
with
the
issuance
transactions.
Every
contributor
is
doing
this
funding
himself.
So
when
you
are
contribute,
then
you
want
to
get
here
on
whatever
thousand
or
be
asked
you
for
your
work.
Then,
if
that's
hundred
thousand
Satoshi,
then
you
create
a
transaction
where
you
need
to
have
hundred
thousand
Satoshi
in
Bitcoin
for
funding
this
the
future
q.
B
B
A
B
You,
okay
in
this
address,
you
are
creating
an
address
where
you
sending
is
in
the
best
quality.
You
will
have
two
different
in
the
PC
application.
You
will
have
two
different
wallets.
One
is
the
normal
Bitcoin
wallet
which
you
use
for
trading
and
whatever
it's
just
a
normal
wallet
and
the
second
wallet.
Technically,
it's
also
a
normal
Bitcoin
wallet,
but
from
the
user
perspective,
it's
the
bsq
wallet
and
when
you
are
creating
an
issue
and
when
you
contribute-
and
you
make
your
issuance
your
contribution
requests-
you
are
using.
B
Let's
stick
with
this
example
with
1000
bsq,
so
you
are
using
a
hundred
thousand
Satoshi
from
your
Bitcoin
wallet
as
the
input
and
then
you
are
sending
her
thousand
PS
q,
which
is
also
one
hundred
thousand
so
toship
up.
In
our
context,
it's
obvious
q
to
you
to
an
address
in
your
PS
q
wallet
and
at
the
moment,
when
you
do
the
compensation
request,
it's
not
valid
PS
q
because
it
has
not
been
voted
yet,
but
it's
already
a
well
it
Bitcoin
transaction,
which
is
in
the
blockchain
for
the
Bitcoin
network.
B
It's
just
a
normal
video
introduction
of
nothing
special
in
its
blind
about.
We
ask
you
in
the
psq
network.
Everybody
knows.
Ok,
here
is
a
transaction
which
might
become
new,
be
askew,
but
it's
at
the
moment
not
valid,
because
we
have
not
done
the
voting.
We
don't
know.
If
we
will
accept
this
request,
then
there
is
as
it
as
certain
faces
at
the
debate,
the
first
three
weeks
more
or
less
of
the
months.
There
is
the
compensation
request
phases
where
anybody
can
make
such
a
compensation
request
and
that's
permission.
B
If
you
don't
need
to
ask
anybody,
can
do
this,
there's
nobody
who
is
giving
you
their
authority
to
do
this,
the
authority
that
it
becomes
really
askew
is
done
by
the
voting.
So
in
the
voting
phase
after
the
compensation
records
face
any
stakeholder.
Anybody
who
has
psq
can
vote
on
this
and
can
say
thumbs
up
or
thumbs
down,
accept
it
or
not,
or
you
can,
or
even
they
don't
know
or
are
neutral
tutor
your
request
and
when
you
get
at
the
end
of
the
voting
there
is
the
result
face
at
the
certain
proctor.
B
The
result
of
all
the
boats
are
calculated
and
when
you
got
the
maturity
like
more
than
50%
of
support
for
your
request,
then
the
network
are
accept
your
request
and
interprets
the
output.
What
you
send
to
yourself
as
well.
It
B
is
Q
and
from
that
moment
on,
you
can
sell
it
on
the
market
and
maybe
trade
it
to
$1000
and
pay
your
bill
vistas.
So.
A
B
Do
you
will
see
you
will
see
it
in
the
application
that
it's
basically
a
compensation
request
so
or
you
are
waiting
to
get
accepted
this?
When
you
boot
get
declined,
then
you
will
see
it
also?
Okay,
you
have
here
used
or
100,000
Satoshi
as
Bitcoin,
but
it
was
not
converted
to
be
sq,
so
you
have
to
send
it
back
based
application,
sending
it
back
to
your
Bitcoin
wallet
as
Bitcoin,
so
this
output,
which
should
become
bsq
when
it
was
rejected,
it's
just
a
Bitcoin,
valued
$100,
the
ten
dollar
states.
B
A
B
A
B
Try
to
start
with
a
very
high
level
and
people's
a
little
bit
more
complex,
but
the
very
most
important
part
is
that
the
balking
is
done
yeah
any
any
psq
stakeholders
can
vote
on
competition
request.
So
you
see
when
the
voting
phase
starts
in
the
application.
You
will
see
all
the
requests
of
all
the
contributors
and
you
can
decide
if
you
support
it
or
reject
it
or
ignore
it
and
and
you
can
define
how
much
vsq
you
want
to
use
for
voting.
That's
your
voting
weight.
B
The
more
you
skew
your
own,
the
more
weight
you
will
have,
so
somebody
with
100
PS
q
will
have
less
influence
at
a
voting
like
somebody
with
100,000
PS
q
and
additionally,
we
use
meritocracy
a
meritocratic
approach
to
the
people
who
have
worked
for
the
project.
What
you
have
when
you
have
run
to
be
asked,
you
buy
real
work
as
a
contributor.
All
this
are
some
of
your
past
contribution
requests.
We
get
added
as
voting
weight.
B
So,
let's
assume
you
have
worked
for
one
year
or
IDM
bsq
and
you
have
around
whatever
50,000
psq
in
this
time,
but
you
have
spend
it
and
you
have
sold
it
because
you
needed
to
pay
your
bills
and
whatever
you
are
yeah
you
needed
to
spend
it.
So
you
don't
have
the
money
anymore
really
or
a
very
little
amount,
you're,
not
rich,
but
you
have.
You
can
prove
that
you
have
earned
it.
B
So
we
want
to
give
those
people
more
weight,
because
we
believe
that
the
people
who
are
building
the
system
who
are
really
working
actually
should
have
more
influence
influence
in
the
management
and
in
the
decision
making
process
and
people
who
were
just
rich
and
buy
it
on
the
market.
So
your
50,000
bsq,
but
you
have
earned
over
a
year,
will
be
automatically
added
as
your
voguing
weight
and
when
you
vote,
you
are
weightless.
Basically
50,000
psq.
B
When
somebody
on
the
market
buy
50,000,
sq
ya,
then
here's
the
same
weight,
but
when
here's
only
10,000
be
ask
you,
your
vote
is
still
more
valuable
or
more
influenced
have
more
influence.
Then
somebody
with
yeah
wears
only
their
the
the
monetary.
Well,
you
who
is
rich
and
that's
a
little
bit
from
the
past
experience
what
we've
seen
in
the
Big
Crunch
phase
last
year
with
the
block
size
debate.
There
are
some
rich,
very
rich
actors
who
don't
understand
very
well
how
a
blockchain
system
really
works,
and
we
want
to
avoid
that.
B
Anybody
it's
open
to
anybody,
you,
you
have
to
pay
a
small
fee,
because
here
we
want
to
avoid
that
people
are
spamming
and
voting
just
randomly
or
whatever.
It's
basically
not
the
not
desire
that
people
are
voting
when
they
don't
really
following
approach
it
and
are
not
really
active,
because
at
the
end
you
cannot
justify
you
cannot
yeah,
you
cannot
decide,
you
cannot
judge
if
your
contribution
was
valuable
or
not
when
you're
not
spent
time
to
really
reviewing
it
and
and
know
what
was
going
on.
So
it's
a
management
work.
B
It's
not
really
a
right,
and
now
super
I
can't
do
voting
and
I
just
express
my
opinion
here.
It's
like
a
manager
in
a
company.
He
need
to
make
smart
decisions
and
make
the
right
decision.
Okay,
was
it
well,
you
go
this
implementation?
Was
it
valuable?
Ten
thousand
be
a
skewer
is
maybe
the
well
near
the
railway.
Only
five
thousand
and
I
should
reject
it,
and
the
contributor
should
redo
the
compensation
request
the
next
month
with
a
lower
value,
or
so
it
said
it's
work
on
the
project.
It's
not.
B
Basically,
it
shouldn't
be
seen
as
a
democratic
right
for
everybody
who
has
tokens
should
now
express
the
opinions
there.
There
can
be
something
like
that.
You
can
vote
on
many
different
aspects
up
on
their
competition
requests
are
so
basically
any
important
decision
in
the
Tao
in
the
bisque
system,
like
the
amount
of
trading
fees
or
so
many
parameters.
B
Yes,
it's
basically
all
those
transactions
also
for
compensation
requests.
They
come
with
a
very
small
fee,
but
initially
it's
very
small.
It
also
can
be
changed
over
working
and
the
main
reason
is
to
have
some
regulation
element.
So
when
we
see
that
we
get
10,000,
we
can't
wait
too
much
contribution,
requests
and
90%
are
just,
and
people
are
playing
around
and
yeah.
It
costs
no
money
for
them.
Then
you
get
abused
easily.
Then
we
increase
the
fee.
B
When
you
have
to
pay
something
like
$10
for
making
a
compensation
request,
then
they
make
they
don't
make
stupid
requests
anymore
because
they're
losing
the
money
when
they
get
rejected.
So
it's
said
it's
just
a
feature
in
the
case
that
we
see
some
abuse
or
whatever
we
want
to
regulate
it
in
a
way
that
we
want
to
avoid
that
too
many
people
are
doing,
requests
or
voting,
and
then
we
increase
the
fee
and
only
those
people
who
really
take
it
serious
are
willing
to
pay
the
fee
and
we
can
filter
a
little
bit.
Sofie's.
A
B
The
fees
are
that
leads
maybe
to
the
next
topic.
The
bees
are
impeding
psq
and
are
a
main
feature
of
the
using
psq
for
fee.
Payment
will
be
in
the
trade,
so
for
trading
of
this
users
are
paying
a
trading
fee,
that's
in
Bitcoin
at
the
moment.
It
goes
at
the
moment
to
the
arbitrator's,
but
we
want
to
go.
We
want
that.
This
fee
is
now
going
to
all
the
stakeholders
at
the
end
and
the
way
how
we
do
this
is
by
burning
the
psq
tokens.
B
So
if
fee
payment
is
basically,
you
are
destroying
a
certain
amount
of
bsq
you're,
not
really
destroying
it,
because
it's
still
Bitcoin,
but
you
are
on
coloring,
as
we
discussed
in
the
other
video
about
color
coins.
You
can
are
when
you
break
the
rules
in
a
certain
way,
you
can
remove
the
additional
value
of
the
colored
coins
and
you
just
have
the
Bitcoin
underlying
Bitcoin.
B
B
We
are
using
them
a
bit,
the
remaining
Bitcoin.
Well,
you
to
pay
mining
fees,
so
it's
not
destroyed
on
the
Bitcoin
side,
but
it
uncoloured
and
you
lose
the
amount
of
bsq
and
by
that,
when
our
people
are
paying
their
trading
theme-based
you
they
are
reducing
the
total
amount
of
BS
q.
Let's
say
after
the
Genesis
transaction
there
are
two
and
a
half
million
BS
q
in
circulation.
B
When
there
are
a
lot
of
traders-
and
let's
say
all
the
traders
in
the
next
months
of
a
hundred
thousand
or
be
askew
and
trading
feed,
then
there
are
only
2.4
million
BS
q
in
circulation
and
every
unit
of
the
psq
has
a
little
bit
more
value
because
the
project
value
which
is
represented
by
the
BSU,
is
probably
the
same
or
even
has
increased.
But
let's
assume
it's
the
same
than.
Let's
assume
the
project
value
is
two
and
a
half
million
dollar.
B
Then
it
was
first
represented
by
two
and
a
half
million
B
is
Q,
so
the
unit
of
one
BR,
the
value
from
BS
q,
was
$1.
After
this
months,
when
it's
only
2.4
million
PS
q
left
because
100,000
has
been
burned,
then
every
unit
of
the
PS
q
has
a
little
bit
of
higher.
Well
it's
and
1.1
dollar,
or
whatever
or
$2,
and
by
that
it's
basically
distributing
the
value
to
all
the
stakeholders.
B
A
B
For
every
transaction,
like
their
trade
transaction,
you
need
to
pay
the
mining
fee
anyway.
So
a
part
of
this
color
coins
you
use
as
a
mining
fee,
so
you
pay
a
little
bit
less
Bitcoin
for
the
mining
fee,
and
so
it's
we
are
repurposed
for
that,
but
it
has
lost.
The
value
of
SOP
is
Q
and
that's
that's
a
much
bigger
value.
Of
course,
great.
A
B
We
assume
that
bisque
as
a
project
when
it
would
be
a
startup
or
whatever
and
would
go
to
traditional
investor
way.
It
would
get
evaluated
for
whatever
amount
and
the
market
will
decide.
When
we
start
the
psql
may
not,
then
the
contributors
can
sell
that
tokens.
It
depends
on
them
what
they
are
willing
to
sell
it,
for
which
amount,
probably
nobody
will
sell
or
token
for
a
super
tiny
amount.
The
contributors
are
believing
in
the
project,
otherwise
they
would
not
work
on
it.
So
probably
there
will
be
some.
B
It's
a
market
came
off
the
market
at
the
end,
I
mean
depends
on
the
demand
and
on
the
supply,
and
the
market
will
find
their
kind
like
the
value
in
the
beginning.
It
will
be
for
sure,
a
very
volatile
because
it
will
take
a
while
until
the
market,
let's
find
it
more
or
less
in
fair
value
and
are
at
the
moment,
because
we
are
using
already
psq
I,
don't
want
to
get
lost
in
that
topic
too
much
just
to
mention
it
a
little
bit.
B
We
are
using
it
already
since
one
year
for
our
paying
contributors,
but
as
the
system
is
not
life
on
main
that
we
be
launched
on
reqtest
on
test
net.
In
the
zero
point,
nine
release
yeah,
it's
not
done
on
the
blockchain
yet
so
it's
not
really
decentralized
is
not
really
trust
minimized.
It's
basically
yeah.
We
are
doing
it
manually
and
spreadsheet,
but
it
has
already
account
like
a
social
trust
system.
B
When
we
would
break
the
rule
there
promises
in
a
way
that
other
people
who
have
run
peers
cuber
time
and
then
we
are
changing
this
numbers
completely
in
the
Genesis
transaction.
We
would
destroy
a
lot
of
social
value
and
probably
people
will
fork
the
project
and
we'll
make
a
lot
of
bad
reputation
for
it.
So
it
has
already
some
sort
of
security,
but
a
completely
different
model
like
the
trustless
censorship
resistant
model
on
the
blockchain.
So.
A
The
main
reasoning
behind
this
new
creation
is
to
use
it
as
as
the
currency
for
for
this
for
the
basic
project,
with
a
basic
ecosystem
where
people
are
rewarded
for
their
work
and
they're
incentivized
for
creating
value
and
allows
all
the
different
players
to
contribute
to
work
together
and
to
to
benefit
from
the
system
as
well.
Yeah.
B
I
would
like
to
avoid
that
the
world
currency,
because
currencies
very
narrow
for
a
very
special
purpose
like
Bitcoin,
is
designed
as
a
currency,
even
that
it's
not
clear
if
it
will
be
really
a
currency,
because,
after
whatever
we
always
will
be
volatile,
probably
and
will
not
be
a
stable
price.
That's
probably
a
problem
for
a
real
currency,
but
I
would
say
the
token
that's
much
more
broader
and
it
has
different
types
of
utility.
B
So
the
one
is
the
way,
the
main
core
value
why
we
created
it
is
to
have
a
system
where
we
enable
a
value
transfer
from
the
users
who
are
consuming
the
service,
who
are
using
the
software
for
doing
exchange.
They
are
paying
a
trading
fee
and
they
should
transfer.
This
value
should
pay
basically,
and
the
receivers
are
the
people
who
are
building
as
if
they're
who
we
were
working
for
the
system,
that
it
can
exist
and
it
works,
and
they
should
be
the
receiver.
B
So
this
Whaley
exchange
from
the
users
to
the
builders,
that's
the
core
of
the
whole
system
and
to
build
this
in
a
trust
list
or
trust,
minimized
and
decentralized
and
censorship.
Resistant
way
that
was
quite
challenging
and
the
be
skewed,
ow
and
the
be
askew
token
are
the
technical
solution
and
implementation
to
achieve
this,
and
the
very
important
fact
is,
he
really
order.
Important
feature
here
is
to
have
this
decentralized
issuance
and
the
decentralized
burning
and
decentralized
voting.
B
So
there's
nobody
that
no
foundation
who
is
clicking
yeah,
who
is
issuing
and
clicking
a
button
and
sending
out
the
money
from
a
multi-sig
founder
or
whatever
it's
the
network.
It's
like
in
Bitcoin
the
mind
if
nobody
is
paying
the
the
miners
are
paying
themselves
and
the
network
is
validating
that
they
have
the
right
to
pay
themself,
and
here
it's
the
same.
B
The
contributors
are
paying
themselves
and
they
get
validated
by
the
network,
five
voting,
which
is
also
done
by
the
stakeholders
and
permissionless
and
decentralized,
and
the
other
trading
for
your
distribution
of
their
after
fees
to
the
stakeholders
used
by
burning
tokens.
They
are
not
sending
the
right
the
money,
whatever
one
stakeholder,
would
not
work
technically
and
would
be
very
problematic
and
by
yeah,
but
just
uncovering
the
coins.
They
are
basically
distributing
it
in
a
fair
and
equal
way
to
every
stakeholder.
When
you
have
more
tokens,
you
have
higher.
A
B
I
think
it
may
be
good
to
wrap
up
here,
because
I
think
we
covered
the
most
important
stuff
there's
much
more
details.
Maybe
one
for
another
session
would
be
how
to
how
we
use
our
peer-to-peer
system
and
their
code
in
the
application
and
the
blockchain
together
to
build
such
a
model.
I
think
that
sir
somehow
interesting
and
not
trivial,
but
that
would
be
too
much
for
that
session
and
the
economics
thing
and
maybe
I,
don't
know
if
I
mean
the
details
of
the
voting,
it's
a
little
bit
more
complex.
B
A
A
People
who
improve
the
project
and
a
butte
oaken
is
created
through
history,
genesis,
transaction
or
through
issuance
transaction
in
the
genesis
transaction
2.5
bitcoin
was
used
to
create
2.5
million
bisque
you,
which
means
that
one
piece
two
is
equal
to
100
satoshis
and
that
2.5
million
bsq
is
going
to
be
distributed
to
past
contributors
and
a
contributor
or
anyone
who
hosts
psq
is
considered
a
stakeholder
or
psq
holder.
A
contributor
can
also
issue
his
or
her
own
bsq
by
submitting
a
compensation
request
and.
A
B
As
a
contactor,
that's
correct:
technically
it's
a
little
bit
different.
It's
when
you
create
the
compensation
request.
You
are
already
sending
this
Bitcoin
to
your
address.
You
have
it
already:
it's
just
not
integrated
at
vsq,
so
that
will,
when
you
would
spend
this,
as
we
asked
you
to
somebody,
nobody
will
accept
it
because
everybody
would
see
that
that's
not
validated
yet
because
the
voting
has
not
be
done
only
after
the
voting,
then
the
network
see
okay.
Now
it's
well
it'd
be
a
skew,
but
it
doesn't.
It
doesn't
really
lose.
There's
no
new
transaction.
B
It's
just
the
interpretation
of
this
unspent
transaction
output,
which
is
before
Bitcoin
becomes
after
the
voting
psq,
and
then
you
can
send
it
to
somebody
and
everybody
will
accept
it
because
they
see
okay,
it
got
voted.
Okay,
it
was
Bitcoin
originally,
but
it
was
voted.
Okay
as
a
compensation
request,
so
I
accept
it.
As
we
asked
you.
Yes,.
A
A
When
country,
when
a
stakeholder
votes
were
a
trader,
uses
vsq
as
a
trading
fee,
then
that's
based
you,
the
stakeholder
needs
to
pay
certain
amount
of
fee
and
those
fees
are
also
burned,
and
but
the
underlying
value
is
used
as
the
miners
fee,
and
in
this
way
the
amount
obvious
you
stays
more
or
less
kind
of
stable.
So
that's.
A
B
I
think
we
have
two
sides
on
one
side:
by
paying
fees.
By
destroying
this
queue,
we
have
a
deflationary
pressure,
so
psq
become
less
and
less,
and
every
unit
will
become
more
valuable
because
yeah,
there
are
less
units
which
are
representing
a
total
total
value
by
issuing
new
tokens
every
month
when
we
pay
or
when
the
system
is
basically
paying
the
contributors
we're
creating
new
tokens,
similar
like
in
Bitcoin
with
every
block.
There
are
new
tokens
created
and
that's
the
inflationary
pressure.
B
So
the
unit,
the
value
of
one
unit,
is
lower
when
there,
when
we
are
not
issuing
a
lot
of
money,
when
we
have
a
small
team
who
are
very
productive
and
we
have
a
lot
of
trade-offs,
then
it's
the
other
way
around
and
it's
a
kind
of
like
two
sides
and
we'll
see
how
it
plays
out
at
the
end
yeah
the
best
case.
There
should
be
some
form
of
balance
or
Poppaea.
B
A
Yes,
I,
we
can
talk
about
it
in
greater
detail
later.
I
also
wanted
to
mention
one
more
thing
about
the
voting
process.
The
voting
weight
is
determined
by
the
amount
based
view
the
stakeholder
has
at
and
additionally,
by
the
amount
of
all
the
past
contributions.
So
it's
not
skewed
in
favor
of
someone
who
has
a
lot
of
use
q,
it's
still
it's.
A
B
Italy,
it's
basically
when
you're,
not
selling,
when
you
have
around
100,000
peers
q
and
you
have
not
sold
it.
You
have
two
hundred
thousand
fears
q
as
your
voting
weight
when
somebody
else
on
the
market
by
its
100,000
views,
q
hears
only
100,000,
so
you're
voting
weight
is
the
table
of
Earth
Day,
equivalent
or
steak
of
somebody
else,
and
we
start
with
basically
such
more
weight
on
the
under
merit.
On
that
what
you
have
earned
and
a
detail
as
a
there
is
a
little
bit
of
a
decline.
B
So
this
is
when
you
have
worked
two
years
ago
on
BS
q
and
not
have
contributed
any
more
at
the
certain
point.
It
goes
to
zero
over
two
years.
It
feeds
to
serie,
so
a
compensation
which
you
have
done
one
year
ago
has
only
fifty
percent
of
the
value.
But
that's
a
detail.
That's
just
to
have
some
more
yeah.
B
B
Fluxions
which
are
relevant
are
at
least
I,
think
you
cannot
do
it
on
counterparty
or
something
like
this,
and
we
are
not
utilizing
your
own
blockchain
and
consensus
system
as
a
global
share
or
whatever
we
are
riding
on
Bitcoin
as
a
security.
Our
tool,
and
only
using
the
blockchain,
is
kind
of
like
time,
stamping
and
implementing
our
rules
at
our
consensus.
B
Our
model
is
done
basically
in
the
normal
Java
code
after
bisque
application,
so
we
don't
have
a
script
engine
or
whatever
we
have
not
invented
a
new
turn,
a
key
to
an
incomplete
script
language
for
doing
this,
we
are
just
using
an
existing,
very
author
programming
language
and
we
are
using
our
peer-to-peer
system
in
combination
with
the
blockchain
and
in
combination
with
that
are
executing
these
rules
and
codes
in
the
in
the
disk
applications.
It's
a
complex
but
I
think
quite
interesting
approach.
How
to
get
this
implemented
and.
A
B
I
think
the
whole
system
is
or
yeah
it's
really
the
only
kind
of
like
or,
of
course,
when
there
is
a
major
stakeholder,
then
you
have
there's
a
small
group
of
people
who
have
70
80
percent
of
the
psq.
They
control
it
in
a
way,
but
then
it's
a
maturity
attack
case
when
they
would
make
stupid
decisions
or
whatever
they
will
kill
the
approach
here,
because
open
source
anybody
can
work
it
like.
We
have
seen
in
a
Tyrian
when
they
do
bad
decisions.
B
B
There's
a
small
group
with
around
most
of
the
tokens,
because
they've
done
done
most
of
the
work
are
but
over
time
the
more
contributors
I
there
are,
the
more
it
gets
diluted
and
the
more
it
gets
distributed
to
more
people
and
it's
the
more
decent
trust
it
becomes,
but
even
for
security
I
think
it's
it
things,
and
these
are
correctly
aligned
that
they
are
not
trying
to
scam
or
to
make
stupid
things
for
the
project,
because
then
they
are
destroying
their
investment.
Basically,
ok.