To accommodate the rapid growth I described in my other thread, I have some ideas for policies we can implement through voting functionality to avoid some of the mistakes bitcoin did.
We can implement a policy that says if you follow the security instructions and still manage to lose your coins somehow through a bug, e.g. that sends your coins to a dead address or loses them in some other way. If you can present proof beyond doubt to the community that you lost it due to a bug, a delegate will inflate the money back and give to you (for small amounts) or the community will hard fork a genesis block that pays you back (for large amounts). Obviously this would require ridiculously strict security/identification measures, but if implemented and with successful precedence of use I think it would attract massive investor confidence in us. No more "tough luck". Also the community wouldn't even be paying anything for this insurance, because the coins that were inflated would simply make up for the coins that were lost.
The insurance model would not work for hacks, scams or thieves because without clear proof the coins were destroyed it would be almost impossible to determine if a hacking victim isn't simply defrauding us bitcoin "we got hacked" style. However the blockchain will be able to put up massive bounties for the capture of a hacker or scammer or rogue exchange that targets bitshares users. If we put up a massive bounty many times the size of the first hack that is done against the community, we will set a strong example that stealing from bitshares users will be much more dangerous than from other crypto coin communities. Once again this would require some quite ridiculous levels security and investigation, but the upside would also be enormous as it would once again massively increase investor confidence in our system.
I case of a black swan event tanking bitshares and making one of our bitassets insolvent, we could simply have an official policy of having BTS shareholders take the loss in order to preserve the peg by hardforking a genesis block that sends the missing amount to the yield fund. It would be expensive for stakeholders, but I think it would overall be very valuable as it once again increases investor confidence in our system, and makes bitassets pretty much 100% safe. It would also mean bitAsset holders would NOT pull out their bitassets in a case of a crash, which would contribute positively towards preventing a crash from causing insolvency. With bail outs as an official policy we could also experiment with lowering the collateral requirements to something that encourages margin trading a bit more, while still being secure, thus increasing the utility of the internal exchange and increasing yields for bitAsset holders.