I was very interested to read this
>is to allow the 101 Delegates to set arbitrary pay rates. Delegates in BitSharesX make their income from transaction fees only. This new version, which will be spearheaded and tested by BitShares Music, will allow delegates to make more than just the transaction fees, they will be able to do additional rounds of funding, as long as the shareholders agree and vote for it.
One of the problems we had with MemoryCoin in its first incarnation was shareholders voting additional funding for themselves as a kind of interest payment.
I see delegates in BTSX only require a minimum 8% holding to guarantee a delegate currently.
If the same holds true for BitShares Music, and a dilution of up to 8% p.a. is allowed to fund delegates, what's to stop an individual amassing an 8% stake and awarding the full 8% dilution to themselves?