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Offline donkeypong

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For one thing, it probably helps not to have your public faces be linked to crimes and scandals. I won't vote for BitShares Delegates who bring a known quantity of baggage and karma with them. Never say never, because I'm a fan of second chances, but my initial stance will not be to favor delegate candidates who bring their dark clouds to BitShares.

http://www.reddit.com/r/Bitcoin/comments/2ksg4g/jon_matonis_the_time_has_come_for_me_to_resign_as/

« Last Edit: October 30, 2014, 07:17:33 PM by donkeypong »

Offline luckybit

For one thing, it probably helps not to have your public faces be linked to crimes and scandals. I won't vote for BitShares Delegates who bring a known quantity of baggage and karma with them. Never say never, because I'm a fan of second chances, but my initial stance will not be to favor delegate candidates who bring their dark clouds to BitShares.

Don't form a foundation. Form a cooperative. Also we can have delegates with confirmed good reputations due to algorithms.  We don't know the reputations of a lot of the people in the Bitcoin foundation on the blockchain we just know early adopters trust them. In our case reputation can be saved in a way which is quantifiable.

If someone gave a lot to the community it's quantifiable. If someone is trustworthy it is quantifiable. What they did in their past or how they act in their personal life in my opinion is not our business if it doesn't have anything to do with how they fulfill their duties as a delegate.

So use decentralized reputation, develop decentralized trust, don't form a foundation, and don't structure it anything like Bitcoin where there is an executive director. We don't need those titles and all delegates should be equal (like the knights of the round table).
« Last Edit: October 30, 2014, 07:16:36 PM by luckybit »
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Online nomoreheroes7

...what's a matoni?

Nevermind, found an article on coindesk...interesting.
« Last Edit: October 30, 2014, 07:14:30 PM by nomoreheroes7 »

Offline luckybit

I think it's impossible to avoid delegates being linked to crimes. There are going to eventually be hostile governments who make it their primary objective to link key players in the Bitshares community to crimes and scandals. This is why making every delegate equal and having a cooperative is better than having a foundation. The moment you have a director is the moment you introduce a central point of attack for adversaries who might play dirty.

In a foundation none of us benefit from the partnerships of the foundation but the Bitcoin price can suffer if there are corrupt people in it or directors who make bad decisions. This means we have all the risk but we don't share any of the benefits. A foundation cannot be set up to profit and to share it's profits with members while a cooperative can be set up to make a profit and share it with members. In a cooperative the members own it while in a foundation power is centralized typically at the top of the pyramid leaving an opening for adversaries to attack.

REFERENCE
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1149843

« Last Edit: October 30, 2014, 07:24:24 PM by luckybit »
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