OK, got it. I see the change from invisible to immediate, to keep the TITAN acronym. I'll change that in the book. Named accounts will become direct aliases for addresses, removing a degree of privacy protection provided by "stealth" addresses. It may not have been impenetrable protection, but there will be no separation now, just like bitcoin.
I can't say I'm very pleased about this, and feel disappointed by the lack of discussion about changing such a long established and ingrained feature, and, your failure to not recognize the ramifications of the original TITAN approach in advance which I see as a setback and a compromise, even if it may only be temporary. OK, you're only human, no disgrace in admitting to mistakes, it's how we learn from them, if we're willing to face them.
This is another example of decision by decree rather than shareholder vote, tho we both know that such a vote if it were taken would lead to the same outcome, so in that regard no harm no foul. I truly hope that soon such issues will be openly discussed and put before the shareholders as a matter of principle and formality. Until then the BitShares project is not walking it's talk IMO.
This illustrates that until code gets smart enough to change itself there will always be humans in the loop deciding what issues are judged to be worthy of shareholder involvement, and those humans are the weak link in any decentralization scheme. I don't see how that will change without following a very strict and detailed process where even small decisions are put before the shareholders to vote on. That sure sounds a lot like politics to me, so I am doubtful any human process wouldn't end up under the thumb of politicians who have CS degrees instead of law degrees.
All that said, I will accept your perspective as more informed than mine regarding the technical considerations, and will chalk this up to BitShares just not quite fully mature yet and this is part of that process.
I still have a tremendous level of respect for you Dan. My disappointment is my own issue to deal with.
Thanks for the info you provided on the changes coming to TITAN.