It's an interesting idea, I'm actually surprised noone's already done something like this. The idea is basically to treat Bitcoin as Protoshares and then Æthereum really becomes Bitcoin 2.0 with a ready to go userbase.
I find this much more attractive than the current Ethereum distribution plan, and since they're piggy-backing on Ethereum development they won't have that much need for dev funds. The question then becomes: will Ethereum stay open source and allow their hard work to get coopted?
Also surprising to see Vitalik helping explain how to implement the wallet procedure
We were wondering when the proto-DAC snapshot concept was going to go mainstream. Looks like people are beginning to wake up to it.
Here's the real end game in 30 seconds, as recorded after Dan's NYC presentation:https://www.facebook.com/photo.php?v=455106647969436&set=vb.408134445999990&type=2&theater
But you have to consider the whole theory. Its all about targeting
your new shares to the right people. If you are trying to get attention as a mere currency, then honoring Bitcoin or some weighted average of existing coins, perhaps weighted by market cap, makes perfect sense.
However, if you have a more targeted audience in mind, like people who invest and hold vs. people who quickly dump anything new they get for pizza money, then you might want to choose chains to honor that accurately represent the demographic you want to attract. Maybe your chief competitors chain? Maybe the intended customers of your DAC? Maybe people you hope will invest in your DAC? Maybe people in the same affinity group (those that like cute dogs), etc.
Wouldn't you really rather attract the attention of those who have proven they are willing to freely donate to advance the industry more than those who happen to be holding BTC on any given day? Especially if you hope to raise more money from them to develop your idea?
The mix you choose depends on your marketing and business plan and the demographic you wish to attract.
And, as always, having an optimized distribution strategy is only the smaller part of the problem. Having a profitable business model is what really counts. Will it be the coin that got the perfect air drop or the coin that pays interest? Aye, there's the rub!