don't worry . no harm will be done to bts community but getting some free lotto coins from "free trade"
Stan,I strongly recommend you read all the post on mmc child forum,and know exactly what kind of person you're in bed with.How he treats this like a quick money game instead of a sustainable business.I can predict that within three months , the mmc story will happen again,and 3i and PTS 's name is gonna drag deeper with it .
Since you brought it up, and without making any value judgements about any particular developer, what should the BitShares community's policy be about promoting developers who (wisely) choose to honor PTS and AGS?
We have said in the past that, as long as there is not an legal/ethical/philosophical conflict, any DAC that honors the community will be honored by the community.
My absurd example was that "Slavetrader, DAC" would probably not qualify.
Should we be involved in vetting 3rd party developers? Or should we just be appreciative of anyone who thinks enough of this community to seek its support?
All right.I'll imagine this for you.
Say,I developed a coin called "JobCoin",intend to provide a information business that let people find jobs and let company hire people,they should use my "JobCoin" to pay to post their information.
I premine 100%,then give 50% to PTS and AGS (very good,right ? I'm a good guy at the eyes of 3i).But,hey,this 50% has to be locked for 3 month to longer time before it will be trade able.
Now, by the power of 3i promotion , JobCoin successfully get on all major trading platforms.Since it's promoted by 3i,then the market would love this coin from the start,my 50% coin can sell at a good price.
After selling the coin,I get say ....200K USD easily.Then , I can get off to the sunset and enjoy some quality time with my loaded wallet.
And then , I don't need to maintain this coin anymore. But hey , the community can curse me .That's my wrong doing ,I can take it .
The problem is ,the community won't just hate me . They see this "JobCoin" as 3i's product,no matter how you explain the concept of "3rd party".For example , during that time Feb. 28th which lead to PTS's price boost , some big time MMC dealer also said that MMC is a "3i related product,and because PTS has good news,MMC is bound to rise." That's the real relationship between 3i and 3rd party DAC.They ignore the "3rd" part.
So,if you say I just need to give PTS and AGS a share,you would support me no matter what ,then I think more developer would join this pool. The problem is ,
if 3i can really separate itself from the potential harm or bad act by the 3rd party DAC 3i's promoting ?
I think the 3rd party != full immunity for 3i,at least on a public image level.If 3rd party DAC do good, 3i will benefited .But what if other wise ?
PS. I just image the worst way of doing the wrong thing,not that will surely happen,not that anyone done this or can do this.
But , Can I do this ? That's the real question.
You have presented a valid concern.
Sooner or later something bad like this could happen.
The alternative is to give up on teaming with many great 3rd Party DACs.
It is generally not possible to know the difference in advance.
If we did a small (affordable) amount of due diligence, this could make matters worse. Then there would be an expectation that we are guaranteeing a perfect outcome. And no such guarantee is possible.
The choice seems to be:
3rd Party DACs
3rd Party DACs.
As soon as we decline one, the expectation is that we are smart enough to decline all bad and accept all good. A slippery slope?
Do you see any better alternatives?