The damage from the inflation proposal has been massive, despite it being an overall extremely positive development. Far worse is the damage from the extreme uncertainty that is now going through the community. Noone has any idea what is actually going to and if inflation will or will not be implemented.
I dont think there is any going back on the singular bitshare DAC proposal. Even if everything was retracted, the damage to BTSX would already be done, seen from the perspective of the people who fear inflation.
What is now needed is reassurance that the PTS/AGS consolidation will be fair, and that the advantage from implementing inflation and all profitable DAC features into the singular blockchain will be positive in the long term.
Investors are in panic mode, the faster we get reassurance the better, every second of uncertainty hurts.
I agree with this. Inflation right now is not a good idea unless you want to make everyone panic and either completely cash out or go into BitGLD. No one in their right mind is going to sit back holding BTSX.
While nothing has been decided the market is showing that the ideas are so bad that it's not even worth attempting.
Inflation *right now* is not a good idea, but putting inflation on the table, and having it as a strong tool for delegates and developers to upgrade and market bitshares, is absolutely crucial. The ability to issue new shares to bootstrap and amplify consumer adoption will be a gargantuan advantage that no other blockchain will be able to match. When other chains try to implement it to compete with us, they will run into this same problem of market panic and will perhaps be set back even more than we currently have.
I don't even really consider what has happened now as a real sell off, but it is pretty important that the price doesnt fall any further in the short term. If market cap gets below 40 million there would be some quite significant long term confidence issues. That's why good (DA)corporate communication is crucial right now, and I'm talking every minute counts, the sooner we get a strong positive message from BM the sooner markets will calm, consolidate, bottom out and claw back some of the lost market cap.
It would be bad in the long term to have the announcement of these incredibly good news be mostly remembered as the catalyst of a "black friday" like sell off.