►
From YouTube: Bisq DAO Basics: Economic
Description
In this video, we will focus on the economic aspect of the Bisq DAO, specifically the value and supply of BSQ tokens, as well as how to calculate the amount of your compensation request.
Learn more about the Bisq DAO here:
https://docs.bisq.network/dao/phase-zero.html
Download Bisq here:
https://bisq.network/downloads/
If you have issues, don't hesitate to reach out on our forum or Slack:
https://bisq.community
https://bisq.network/slack-invite
A
B
Your
product,
actually
to
the
point
re
the
psq
token
is-
is
the
vehicle
which
allows
this
welly
exchange
from
the
users
who
are
consuming
the
the
software
discuses
service
for
enabling
them
to
make
peer-to-peer
trades
to
those
who
are
building
it
to
a
providing
the
service.
We
are
the
developers
who
are
working
on
it,
people
who
are
maintaining
the
software
and
improving
it,
people
who
are
helping
on
support
to
explain
it
to
other
people
to
communicate
and
so
on.
B
So
anybody
who
adds
value
to
the
project
is
basically
a
contributor
and
those
who
are
consuming
the
value
which
to
approach
check
crates
are
usually
that
we
are
traders
and
we
interact
a
position
that
we're
in
an
era
where
people
are
used
to
pay
a
fee
for
the
service.
That's
not,
unfortunately,
not
in
everywhere
in
the
internet
business,
and
then
it
has
led
to
weird
business
model
where
people
start
to
sell
use
it
because
they
couldn't
charge
a
fee.
B
Luckily,
in
the
exchange
world,
it's
very
usual
that
people
are
paying
directly
for
the
service
and
then
the
exchanges
don't
do
out
of
secondary
businesses,
and
so
we
are
taking
this
very
straight
and
honest
model
at
the
end
that
you're
just
taking
money
for
the
service,
what
you
deliver
and
the
yarn
and
the
district
figures,
the
tributed
to
all
their
stakeholders
and
that's
a
little
bit
a
more
complex
process.
How
to
do
this
in
a
relay
in
a
decentralized
way
when
it
would
be
a
normal
company.
It
would
be
easier.
B
B
Think
is
it's
mostly
attractive
for
traders
who
care
about
privacy
and
value
of
decentralization
and
the
basic
value
proposition
of
Bitcoin
itself.
I
mean
those
who
just
want
to
send
money
from
point
A
to
point
B
for
a
cheap
rate.
They
can
use
people
as
well
when
they
don't
care
about
the
underlying
values
of
Bitcoin
and
I.
Think
of
all
those
people
who
understand
and
who
care
about
those
values,
they
are
very
attracted
by
bisque,
because
we
are
following
the
same
principles
and
are
in
specially
our
privacy,
which
centralized
exchange.
B
You
lose
basically
completely
a
privacy,
and
that
can
be
problematic
on
many
areas,
not
only
under
surveillance.
Aside
from
the
government's
but
under
on
the
criminal
side,
when
this
exchange
get
hacked
and
some
criminals
have
all
your
trading,
they
don't
know
how
many
bisque
and
bisque
you
have
and
your
address
and
so
on.
That's
not
the
funny
situation
at
the
end,
and
actually
the
government
should
protect
us
against
this
or
not
should
force
the
exchanges
into
this
stupid
model.
I
do.
B
It's
it's
just
10%
of
the
fee
is
more
or
less
like
when
they
would
pay
in
Bitcoin,
and
we
want
to
motivate
and
incentivize
people
to
move
over
to
the
peers
being
fees
in
psq,
because
we
had
that
succour
of
the
economic
model
for
the
bsq
and
for
the
power
out
of
us.
It
would
not
work
and
yeah
the
way
how
the
fees
are
paid.
The
fees
are
not
paid
to
anybody.
B
I
mean
there,
the
fees
in
Bitcoin
at
the
moment
of
pay
to
the
arbitrator's,
but
when
the
Dow
is
out
with
psq
there,
psq
fees
are
not
paid
to
any
person
or
any
direct
recipient.
They
are
burned,
and
five
burning
gives
cue
tokens,
as
we
have
already
a
little
bit
discussed
in
other
videos.
We
are
distributing
it
to
all
existing
stakeholders.
We
are
these
tokens
get
removed
from
the
total
supply
and
by
that
every
unit
of
the
token
has
a
little
bit
more
value
and
that
creates
again
a
deflationary
pressure.
B
So
the
more
tokens
which
get
uncolored,
which
got
destroyed
as
few
skew
tokens
they
yeah
the
less
tokens,
are
in
circulation
and
every
token
become
more
value
because
when
there
are
fewer
units
of
tokens
for
the
total
value
of
the
project
or
every
unit
has
a
little
bit
more
value.
So
that
creates
deflation
and
actually
they're.
B
B
Yeah,
that's
the
one
side
and
on
the
other
side
we
have
the
inflationary
pressure
when
contributors
are
making
the
compensation
request
that
they
get
paid
for
their
work
and
then
also
they
don't
get
paid
for
anybody.
They
pay
themselves
and
get
authorized
by
voting
from
the
dow
and
by
creating
new
tokens
similar
like
a
minor
in
Bitcoin,
they
are
yeah,
they
are
creating
inflation
at
the
end
because
after
voting
around,
there
are
more
tokens
in
circulation
and
every
token
lose
a
little
bit
of
well.
B
You
and
this
balance
between
inflation
and
deflation
is,
at
the
end,
the
monetary
policy
in
this
which
is
decided
by
the
stakeholders.
Ultimately,
they
can
change
their
by
accepting
contribution,
requests
or
rejecting
it.
They
can
influence
how
much
money
get
created.
How
much
are
they
spending
on
contributors
and
by
changing
the
trading
feed
amount
of
the
trading?
B
It's
a
lot
of
about
the
overall
success
of
the
project
and
what
trader
are
and
of
course
you
have
to
be
smart
to
not
say
no,
we
don't
want
to
spend
any
money
and
then
disk
is
not
maintained
and
we
are
losing
a
lot
of
traders
and
the
overall
effect
will
be
very
negative.
So
it's
probably
like
an
every
startup,
a
good
idea
at
the
beginning
to
have
a
higher
inflation
to
spend
more
money
like
actually
it's
coming
in,
but
to
embrace
this
in
future
that
we
are
that
approach.
B
A
Far
as
I
understand,
the
supply
of
Biscay
tokens
is
determined
by
the
amount
of
compensation
requests
which
act
as
an
inflationary
force
and
the
fees
trading
and
voting
fees
which
act
as
the
deflationary
force
yeah.
So
how
is
the?
Maybe
you
can
talk
about
the
initial
supply
of
vsq
tokens
briefly,
yeah
yeah.
B
It
starts
with
a
Genesis
transaction
where
we
are
distributing
two
and
a
half
million
bsq
to
all
their
pasts.
Take
all
the
past
contributors
and
approach
it.
Everybody
who
is
works
for
the
project
when
we
do
the
Genesis
transaction
will
be
part
of
the
receivers,
for
it
is
two
and
a
half
million
vsq
and
very
clear
to
say
it's
not
an
IC
o----.
We
are
not
selling
tokens
the
greatly
different
model
and
yeah.
B
We
started
start
and
then
every
month
we're
doing
this
voting
process
where
contributors
make
their
compensation
request
for
that
they're
enabled
to
create
new
psq
for
their
work
and
the
voters
are
deciding
if
this
work
was
valuable
for
bisque
or
not
that
they
have
the
right
to
create
these
tokens.
So
every
months
there
will
be
around
where
at
the
moment
we
have
roughly
fifty
thousand
fears
q
what
we
are
creating
every
month.
B
B
The
minimum
baillio
of
esq
is
basically
the
underlying
Bitcoin
value
of
the
color
coin,
so
it
cannot
be
below
this
for
creating
two
and
a
half
million
bsq.
We
are
using
two
and
a
half
Bitcoin,
so
the
value
of
this
two
and
a
half
Bitcoin
is
basically
their
absolute
minimum
value.
I
cannot
go
to
zero,
but
of
course,
we
hope
that
the
project
of
the
value
is
much
higher
like
this
to
an
hour
of
Bitcoin,
and
it
ultimately
depends
on
their
on
the
market.
B
I
mean
when,
when
the
genesis
is
out,
every
contribute
to
who
has
tokens
can
sell
it
on
the
market
and
the
traders,
who
are
the
main
candidates
for
buying
those
tokens
for
using
it
for
trading
fees.
But
of
course
anybody
else
can
buy
it
as
well.
It's
completely
it's
like
in
any
other
cryptocurrency.
It
can
be
traded
in
bisque
and
yeah
and
depends
I
mean
it
will
be
for
sure
and
initially
a
volatile
time
where
the
market
need
to
find
a
fair
value
for
the
project.
B
At
the
end,
it's
probably
similar,
like
a
startup,
getting
money
from
investors
and
investors,
make
evaluation
and
think
yeah.
That's
more
or
less
that
value
and,
of
course
nobody
know,
what's
the
real
value,
it's
a
very
subjective,
risky,
Enterprise
and
I
think
yeah.
We
will
go
through
this
face
and
over
time
hopefully
become
more
stable
and
more
more
mature.
But
in
the
first
months,
I
expected
to
be
really
sure
that
it
will
be
for
sure
pretty
volatile
until
stable
market
has
developed
and
and.
B
A
now
you
cannot
buy
it,
it's
not
out,
it's
just
a
contribute
to
still
receive,
or
basically
this
tokens
on
a
spreadsheet,
and
we
have,
of
course,
this
social
contract
in
a
way
that
when
we
would
change
our
plans
and
not
pay
the
contributors,
we
would
kill
the
project
and
everybody
will
fort
the
project
and
will
feel
this
as
betraying
the
contributors.
But
there
is
no
how
to
guarantee
for
this
there's
no
contracts.
There
are
no
legal
conference
or
whatever,
and
there
is
no
blockchain
based
security
behind
this.
B
To
run
use
q
tokens,
yes,
I
mean
they
can
sell
it
when
they
went
down.
The
financial
pressure
need
to
pay
the
bill
and
they're
on
whatever
5000
P
is
Q
or
months
and
need
to
sell
4,000
PS
q
to
pay
the
bills.
They
just
sell
it
the
next
day
on
the
market
and
some
graders
who
will
buy
it
for
benefiting
from
this
discounted
trade
fee
they're
the
potential
buyers
or
anybody
else
mean
who
is
interested
there
to
become
stake.
B
I
assume
that
most
contribute
to
town
more
to
hold
us
who
want
to
hold
because
also
the
more
psq
you
have
the
more
weight
you
will
have
in
voting.
So
those
who
really
care
about
the
project
want
to
collect
more
immigrants
in
the
project,
the
more
pious
Curia
when
there
is
important
position
and
you
have
more
PS
q,
your
voice
has
more
weight
and.
B
A
B
Point
contribute
there's
another
important
feature
which
is
bonding
so
when
you
as
a
contributor
want
to
take
an
important
role
like
operating
a
seed
node
then,
and
your
own
money,
then
operating
a
seed
node.
You
have
to
set
up
a
pond
where
you're,
basically
locking
in
some
psq-
and
you
need
to
have
this.
Basically
when
you
all
the
time,
sell
all
your
psq.
B
You
cannot
take
on
the
trope
because
you
don't
have
to
be
sq
left
with
it,
and
this
ponds
are
rather
a
little
bit
higher,
because
they're
they're
kind
of,
like
a
security
feature
too,
to
ensure
that
this
people
or
these
persons
who
are
taking
this
roles,
that
they're
really
taking
care
and
are
not
abusing
their
Carolla,
are
not
sloppy.
And
so
it's
something
like
minimum
5,000,
psq
and.
A
B
It's
basically
also
they
get
paid
further
role.
What
they're
taking
like
running
a
seed,
node
and
depending
on
the
bounce
ice,
the
payment
will
be
higher
so
when
you
only
have
to
lock
up
2,000,
psq
or
5,000
psq
or
your
monthly
payments
for
this
role
will
be
lower
like
when
you
have
to
lock
up
20,000
bsq,
it's
a
kind
of
like
interest
rate
payment
when
you
are
willing
to
lock
up
this
20,000
psq
and
take
basically
the
risk
when
that
it
could
be
theoretically
confiscated.
B
When
you
really
make
a
big
mistake
or
whatever,
then
you
should
get
the
reward
for
this
every
month
and
the
reward
is
by
contribution
request.
So
you,
when
you're
seated
operator
you
put
whatever
amount
I
mean
the
amount
is
at
the
end
decided
by
the
stakeholders.
At
the
moment
we
have
a
very
low
amount,
which
is
already
much
higher,
like
the
actual
costs
is,
but
with
the
bond
we
will
increase
this
amounts
because
we
don't
think
Lewton
this
kind
of
like
interest
payment.
What
about
so.
A
B
Nice
yeah,
the
arbitration
will
be
the
highest.
That's
probably
a
hundred
thousand
or
even
more
vsq.
Others
like
having
the
domain
name
for
bisque
is
also
a
high,
very,
very
important
role
and
could
create
a
lot
of
damage
like
we
see
with
Bitcoin
calm
or
when
somebody
is
abusing
an
important
domain
name
and.
A
B
Also,
probably
something
like
twenty
or
fifty
thousand
years
Q,
so
this
numbers
are
not
hardly
defined.
We
have
a
proposal
where
I
started
to
discuss.
What's
the
which
numbers
we
should
use
and
everybody's
welcome
to
the
feedback
there,
but
it's
basically,
it
should
reflect
the
maximum
damage.
What
a
role
on
the
could
makeup
approach
it,
which
is
how
to
estimate,
of
course,
in
many
areas,
but.
A
B
So
we
are
using
this
meritocratic
approach
in
voting.
That
contributors
who
do
real
work
should
be,
should
get
a
higher
weight
like
people
who
are
only
buying
their
tokens
on
the
market
and
the
main
motivation
behind
is
because
I
believe
that
that
those
who
are
working
directly
on
the
project
and
have
contributed
and
proven
by
this
contribution,
they
are
experts
on
the
project.
B
Otherwise
their
work
would
not
have
value,
and
they
know
much
more
like
somebody
else
who
maybe
have
yeah
it's
just
the
kind
of
a
game
where
so
we
want
to
quickly
get
in
and
have
basically
no
real
clue
about
the
project
and
want
to
make
some
decisions
and
some
of
those
parameter
changes
which
are
possible
like
changing
the
trading
fee.
They
needed
a
lot
of
salt.
It's
not
the
good
idea
to
increase
the
trading
feed
ten
times
and
using.
Then
you
have
10
times
more
revenue.
Of
course
that
doesn't
work.
B
And
this
decreases
that
when
you
have
contributed
a
year
and
then
not
continue
to
contribute,
you
are
probably
not
up
to
date
with
the
project
anymore.
So
you
are
wait
decrease
over
to
year.
So
when
you
have
around
10,000
bsq
this
months
in
two
years,
it
has
zero
influence
on
the
voting
and
it
has
a
decrease
and
half.
In
one
year
you
have
5000
psq
from
this
10,000
s,
working
wait
still,
but
after
two
years
it's
basically
governor.
So.
B
Yeah
I,
so
there's
this
the
ps2
but
you're
on.
Of
course
you
can
sell
immediately.
It
does
that's
not
directly
related
with
voting,
but
you
cannot
sell
your
reputation
aware
that
you
with
running
bsq,
you
have
basically
the
proof
that
you
have
contributed
something
well
you
able
to
disk
and
this
kind.
You
could
have
this
conceptual
idea
of
a
reputation
token,
which
is
not
tradable,
because
you
cannot
transfer
this
but
and
it
has
a
has
a
decrease
in
value.
So
when
you
are
earning
it,
it
has
the
full
value
over
two
years.
B
It
goes
to
zero
and
you
are
taking
as
when
you
do
the
voting.
You
are
adding
both
this
reputational
token
and
you're.
Talking
about
you,
have
the
biz
Q,
what
you
have
in
your
wallet
together
and
the
sum
of
that
is
your
working
weight.
So
when
you
have
earned
in
the
past
in
the
last
three
months,
something
like
10,000
beers,
Q
and
you
have
5,000
is
Q
and
your
wallet.
Then
you
have
the
10,000
I
trust
it
with
this
decay.
That's
and
something
like,
maybe
9,000,
BS
q,
after
three
months,
r
plus
the
5,000.
B
So
you
have
14,000,
PS
q
is
working
with
and
when
somebody
is
buying
on
the
market,
v
doesn't
be
as
curious,
only
5,000
years
q.
So
you
are
voting
weight.
Even
if
you
have
spent
the
money
already
and
sold
your
BS
q
in
a
big
amount.
You
still
have
much
more
influence
like
somebody
who
is
not
contributor,
so.
B
There
bsq,
but
you
hold,
do
you
define
how
much
you
want
to
put
in
because
it's
get
locked
up
for
a
few
days
during
the
voting?
You
cannot
use
it
at
this
time.
So
probably
you
don't
want
to
spend
hundred
percent
of
your
bsq,
but
whatever
you
want,
or
maybe
80
percent,
maybe
twenty
percent.
Maybe
there
are
some
bolting
rounds
where
you
think
it's
not
important
to
know
everything
is
clear
and
maybe
sometimes
there's
or
something
very
important
to
decide
on,
and
then
you
put
more
weight
in.
B
B
The
last
three
four
years
continually
would
have
a
lot
of
value
and
they
probably
I,
don't
know
so
she,
when
he's
still
around,
he
probably
knows
a
lot
what's
going
on
a
bit
kind
of
south,
but
others
who
have
left
the
project
and
I'll
effective
anymore.
They
probably
don't
know
the
people
what's
going
on.
It
probably
doesn't
make
sense
if
there's
too
much
inferencing
in
decision-making
and.
B
B
Well,
our
revenue
is
created
at
the
end
for
the
project.
He
had.
A
fees
are
more
in
place
to
have
a
regulatory
element
when
we
would
get
too
much
and
compensation
requests
and
we
have
100
requests
and
80
are
basically
irrelevant
and
get
rejected
anyway.
It
creates
a
lot
of
work
for
the
voters
to
read
this
and
to
NPR
when
we
would
get
in
such
a
direction.
B
We
have
to
feel
as
regulatory
element
and
we
increase
the
fee
up
to
really
high
amount,
and
then
those
members
will
go
away
because
probably
they
don't
want
to
to
spend
100,
vsq
or
50
bsq
to
make
a
stupid
proposal.
Whatever
I
mean
there's
some
proposal
like
a
generic
proposal,
where
you
can
write
anything,
you
can
say
risk
should
whatever
support
my
coin.
I
have
a
new
sheet.
Can
I
please
support
it
and
make
a
proposal
for
this,
and
we
don't
want
to
get
such
proposals.
B
B
B
Also
you
everything
is
completely
public
under
as
all
these
numbers,
how
much
vsq
is
in
circulation?
How
much
has
been
created?
How
much
has
been
burnt?
That's
all
visible
in
there
in
the
application
directly
in
the
dashboard
after
wallet,
you
can
see
all
the
statistics
later
also
the
basically
the
market
capitalization
of
the
project
or
there,
the
latest
trade
price
multiplied
by
the
available
tokens
and
the
result
after
a
vote
or
when
the
vote
is
over
when
the
vote
result
is
calculated,
that's
done
in
every
client
and
every
client.
B
Every
user
can
see
all
the
details
of
every
single
vote.
How
much
they
can
part
of
this
vote
was
around
psq
and
which
was
just
normal
vsq.
So
yeah
there's
a
lot
of
details
there
for
those
who
are
interested
to
hear
to
see
all
the
details
how
this
vote?
How
does
the
summary
of
the
total
result
was
created
from
all
the
small
motor
I
Tempe
hours,
the
small
loads
from
the
contributors
who
voted
so.
A
B
A
very
good
point:
we
we
have
just
have
made
a
new
release,
supercilious
to
download
the
latest
release
and
there
you
go
to
settings
and
in
the
settings
you
can
change
your
network,
the
Bitcoin
network,
from
main
that
to
test
net.
Then
your
restarting
your
application,
then
the
application
is
starting
up
in
Testament.
That's
completely
separated
to
you,
don't
be
too
worried
with
whatever
data
or
letter,
get
mixed
up.
That's
completely
isolated
and
there
to
get
your
first
B
is
queue.
B
You
can
either
take
or
make
an
offer
to
buy
bsq
from
the
other
people
who
are
using
it
already
and
who
are
selling
some
or
you
just
post.
Your
psq
address
you
go
in
there
Towe
menu.
There
is
a
bullet
section
and
it
apology
after
receive
screen
where
you
can
receive
psq.
Well,
you
have
done
your
psq
address
and
you
just
post
this
on
on
our
social
media
platforms
like
flag
or
or
in
the
forum,
and
then
some
of
the
other
of
this
contributors
who
have
already
test
that
token.
B
They
send
you
some
beers
q,
just
for
testing
out
I
mean
it's
at
the
moment
because
it
there's
no
Bailey
behind
it
later.
You
cannot
do
this
anymore
or
you
can
try
it,
but
maybe
you
don't
receive
much
and
yeah.
You
need
some
test
net
bit
contest
natal.
So
there
are
some
forces
where
you
get
free
personal
Bitcoin.
If
you
have
big
problems
which
getting
days,
you
also
can
post
the
and
a
dress,
and
somebody
will
send
you
a
few
tokens,
bitcoins
yeah
and
then
you
can.
B
We
have
at
the
moment
for
testing
with
very
short
cycle
this
cycle
of
voting,
which
is
usually
one
month.
Roughly
one
month
we
have
reduced
to
one
week
just
to
mean
yeah
that
it's
not
getting
boring,
that
they're
three
times
compensation
requests,
and
you
cannot
do
black
nothing
else
in
this
town
they
can
make
requests.
So
now
we
have
compressed
this
to
two
days
or
time
for
making
requests.
So
you
can
play
around.
You
can
make
any
request
it
that's
irrelevant.
It
has
no
connection
to
reality.
B
You
can,
after
this
two
days,
there's
a
short
break
of
ten
blocks,
and
then
there
is
the
voting
phase
where
you
can
wrote
on
all
the
existing
requests,
including
your
request,
and
it's
basically
that's
often
the
question
now
how
should
I
vote
on
mine
or
whatever,
as
we
cannot
avoid
that
you
are
voting
on
your
own
request?
The
default
is
that
you
are
accepting
your
own,
because
I
mean
you
probably
will
not
reject
it,
so
yeah,
that's
the
way
as
technically
or
conceptually,
there's
no
no
good
way
to
avoid
this.
B
It's
basically
best
that
we
assume
that
every
contributor
is
voting
on
this
own
request
to
accept
it,
and
then
there
is
another
two
days
where
you
have
to
be
yeah,
whether
we're
your
your
private
key,
which
was
used
for
encrypting
your
vote,
because
when
you
vote,
your
vote
is
not
readable
to
others.
It's
encrypted
that
yeah
we're
ensuring
that
there
are
no
gaming
that
otherwise
there
would
be
an
incentive
to
wait
until
the
last
moment,
because
then
you
see
what
the
other
has
voted
and
you
yeah.
B
You
have
more
influence
at
the
end
with
this
information.
To
avoid
this
way
as
a
blind
vote
in
which
nobody
sees
what
the
others
are
folded
and
after
this
voting
phase
is
over,
where
you
can
do
voting
there
is
the
work
reveal
phase
where
you
are
publishing
a
transaction
which
contains
your
private
key
and
then
everybody
can
decrypt
your
vote.
What
you
have
done
in
the
voting
period-
and
you
don't
need
to
do
anything
actively
in
this
face-
you
only
have
to
be
on
land
on.
B
B
So
it's
very
important
to
not
forget
to
start
just
the
application
and
of
course
you
can
do
all
kind
of
other
stuff,
like
trading
or
like
other,
more
advanced
features
like
or
setting
up
their
reputation
bond
or
paying
a
fee
for
listing
an
asset
or
burning
the
excuse
as
fewer
advanced
features
which
you
can
play
around
and
learn
about
that
which
you
can
which
are
not
related
to
this
faces.
This
face
is
only
for
making
requests
and
doing
voting
and
then
seeing
the
results.
B
That's
in
this
cycle
of
at
the
moment,
one
weekend
in
the
future
one
month
and
then
yeah
at
the
end
of
the
cycle
is
the
result
phase
and
then
every
application
has
all
the
data
and
creates
the
remote
result
and
then
depends
when
somebody
has
made
the
compensation
requests
and
he
got
voted.
Ok,
but
a
maturity.
Then
his
or
her
compensation
request
became
an
issuance
and
that's
important
thing.
At
the
moment
the
UI
is
not
hundred
percent
polished
and
there
is
still
missing
some
more
background.
B
Information
which
pop
up
explaining
stuff
and
bouncing
is,
for
instance,
when
you
make
a
compensation
request
and
in
the
wrote
result
face
you
don't
really
see,
or
at
the
moment
it's
missing.
I
can't
like
at
pop
ups
telling
you
your
request
got
accepted,
and
now
you
have
issued,
or
whatever
amount
of
psq
to
your
wallet.
You
see
it
already
in
there
in
the
transactions
when
you
go
to
the
transactions
this
transaction,
but
in
the
transaction
screen
the
transit.
This
transaction,
which
was
created
for
making
your
compensation
request,
will
become
a
issuance
transaction.
B
It's
you're
not
creating
a
new
transaction.
It's
just
this
output
from
this
compensation
request,
which
is
intended
to
become
bsq.
It's
not
well
EPS
queue
until
the
work
result
is
over
and
when,
without
this
there
and
you
have
been
accepted,
then
the
network
will
interpret
this
output.
This
answering
transaction
output,
s
PS,
q,
that's
yeah!
B
A
B
And
I
really
would
like
to
to
ask
every
especially
everybody
who
has
contributed
in
the
past,
for
Biskind
will
receive
tokens
in
the
genesis,
and
now
it's
the
time
where
you
cannot
wear
any
mystic
has
no
consequences
where
you
can
learn
about
more
complex
features
without
risking
anything,
and
we
need
also,
of
course,
tests
as
we
need
to
go,
get
feedback,
or
at
least
the
consensus
part
is
very
hard
to
change
later.
That
will
be
probably
hard
work.
B
B
It's
the
chance
now
to
learn
about
it
and
to
understand
it
and
to
also
get
a
better
idea
about
the
tao
is
its
acquired,
the
new
concept
and
it's
quiet
yeah,
it's
speaking
con
and
and
complex,
and
for
many
people
it's
easier
when
they
use
it
and
they
do
it
directly
and
then
it
becomes
more
natural
and
more
practical.
I
think
great.
A
B
It's
not
a
concretely
plant,
it
depends
how
much
problems
we
encounter
so
far.
Pretty
good
I
mean
it
was
just
one
made
major
issue
is
reworks,
but
that's
fixed
already,
which
was
only
a
stability
issue,
but
beside
at
the
moment,
we
don't
see
any
open,
big
issues
beside
a
lot
of
small
stuff
with
like
UI
improvements,
but
that's
all
trivial
small
fixes
and
not
too
much
that
doesn't
have
fiber
out
there.
B
For
me,
the
big
thing:
what's
missing
before
going
a
minute
are
all
kind
of
protection
mechanisms
when
anything
goes
wrong,
when
there
is
a
really
critical
bug
or
a
critical
security
flaw,
and
somebody
can
abuse
this-
that
we
can
control
the
situation
and
the
Tau
is
not
blowing
up
completely
like
that
out.
Theorems
lock,
it
out
refers
to
say,
code
is
law,
and
then
they
make
a
hard
work
on
material
to
undo
the
history.
We
don't
want
to
get
in
such
a
dilemma.
B
So
we
also
will
make
a
clear
statement
that
our
when
there
are
problems
we
are
trying
to
fix
it.
It's
not
the
immutable
lecture
like
Bitcoin
blockchain
or
whatever
it's
a
different
model.
It's
a
different
system,
it's
basically
intentioned
that's,
it
has
to
serve
as
a
governance
and
a
funding
model
for
disk
and
everything
which
acts
against
this
intention
will
be
corrected,
that
we
are
getting
back
to
the
target.
A
B
Only
can
create
token
when
you're
pissed
contribute
and
you
get
voted
okay
and
when
somebody
manage
to
find
a
way
to
create
tokens
in
another
way.
We
will
undo
this
when
we
can,
as
far
as
we
can
and
we
will
build
in
a
few
different
protection
mechanisms,
who'll
be
able
to
handle
such
situations
in
the
worst
case.
So
that's
one
because
thing
which
is
missing
it's
yeah
and
the
other
biggest
thing
is
testing
testing
testing
other
than
especially
the
technical
side
to
try
to
create
all
kind
of
crazy
transactions
and
see
if
they're
really
covered.
B
There
is
no
100%
safeties
with
such
models,
and
everybody
has
to
be
everywhere
also
when
they
are
buying
such
tokens,
that
it's
experimental
software
like
Bitcoin
itself
or
don't
put
your
life
savings
in
something
like
this
and
start
with
small
amounts,
or
be
aware
that
yeah
that
it's
software's
and
software's
back
and
yeah,
we
do
the
best
what
we
can.
But
we
are
not
perfect.
So.
A
B
The
very
basics
are
a
little
bit
yeah
very
hard
to
change,
because
many
things
are
consensus
routes
and
you
cannot
change
it
without
breaking
old,
unknown,
updated
clients
the
might
vision
how
it
works.
When
it's
important
things
we
try
to
avoid
it
as
far
as
possible,
maybe
in
one
or
two
years
we
are.
We
need
a
hard
work
when
there
are
really
important
things
to
change
and
when
it's
not
when
it's
just
the
technical,
hard
work
like
another
approach,
it
like
human
error,
they
have
an
outfit
every
half
a
year
and
something
problem.
B
Heart
works
are
usually
a
problem
when
it's
more
pretty
good
political
reasons
like
it
was
with
it
here,
iam
yeah,
but
of
course
we
try
to
improve
on
the
non-consensus
cause
much
easier
to
improve
the
UI
and
all
these
parts
which
doesn't
affect
directly
the
consensus
routes.
We
are
very
like
the
normal
application
with
every
release.
There
will
be
small
improvements
here
and
there,
okay.
B
No
I
think
we
covered
mostly
I
mean,
of
course,
this
economic
area
is
a
very
broad
and
there
are
people
who
try
to
build
very
kind,
like
scientific
models,
how
to
evaluate
value
of
a
project
or
token
and,
of
course,
a
very
interesting
approaches
and
so
on,
and
we
started
also
trying
to
deal
to
produce
something
like
this
at
the
end.
For
me,
it's
I
think
there
are
so
many
unknowns
and
and
yeah
some
some
factors
which
influence
their
this
valuation.
B
How
much
a
token
will
be
on
the
market
is
so
dependent
on
external
fact
that
when
Bitcoin
goes
up
or
down,
it
will
influence
psq
for
sure
a
lot
also
just
from
the
trading
part
or
we
seat
when
like
December.
So
when
Bitcoin
is
speaking,
then
of
course
our
liquidity
also
goes
up
and
our
trade
volumes
go
up
like
hell,
and
so
for
me,
it's
I
try
to
focus
to
make
it.
B
B
B
Another
project
have
a
lot
of
Rho
value
and
have
basically
close
to
zero
monetary
value
like
project
like
WikiLeaks
or
Wikipedia,
or
many
other
NGOs
they're,
creating
a
real
big
value
for
society
and
economic,
get
it
at
zero
value,
and
that's
actually
the
main
goal
of
the
pistol
to
reach
this
together.
Those
who
are
creating
real
value
for
society.
Those
are
should
get
all
the
economic
value
and
that's
very
hard
at
the
moment,
for
this
type
of
projects,
great.
A
Then
maybe
I
can
summarize
what
we've
covered
in
this
video.
So
bsq
token
is
a
colored
coin
based
on
the
bisque.
Sorry
on
the
Bitcoin
blockchain
and
the
main
purpose
of
the
biskits
token
is
to
transfer
the
value
from
users
of
the
bisque
exchange
of
bisque,
that
is,
traders
to
contributors
who
maintain
and
improve
bisque.
As
you
mentioned,
we
want
to
make
sure
that
those
who
produce
a
lot
of
value
are
rewarded
for
their
work
and
are
incentivized
to
produce
good
work
and
people
who
are
using
the
exchange
or
some
other
project.
A
A
Thank
you.
Thank
you,
so
much
Manfred
and
so
I
hope
that
you'll
enjoy
this
idiot.
You
enjoyed
this
video
and
in
the
next
video
we're
going
to
talk
about
the
technical
aspect
of
these
few
tokens
in
more
detail
and
also
about
compensation
requests
and
voting
in
greater
detail.
Thank
you
very
much.
Thank.