I think the idea behind this
was exactly that (with some extremes - distribution to not only those that post interest but to possibly everyone). I believe it might have been misunderstood as overtaking over Litecoin, even though the OP-er specifically states it can be any name…
Anyhow I myself may have understood the idea wrongly, but the important part was the community thought such action is a terrible image problem for Bitshares.
I myself do not have any strong opinion one way or the other.
Thanks for the link, yes that was more interpreted as a Litecoin upgrade, I agree with most of the points though, except Luckybit, (I like his passion, think he's a big asset, probably made one of the most positive, productive contributions to BitShares around, but I've noticed that if you're idea isn't specifically 'sharedropping to BlackCoin at 50/50' then you're going to get a lot of long essays telling you why it's bad )
So why not create a chain which snapshots BTC to an asset called cBTC .. LTC to an cLTC and so on for the top 20 or so coins
- Hmm, maybe not what you're suggesting, but I don't think there's a lot of love for upgrading other coins, so an entirely new coin that happens to use DPOS is probably better.
- Though more fair, snap-shotting is quite passive. Creating a new coin where there is a limited time or limited amount of stakes and one that requires people to respond on Bitcointalk will generate a lot more buzz and interest in the alt-coin community imo.
If BitShares XT is made trade-able before the AGS window closes that may generate some buzz about DPOS and indirect Bitshares interest in general.
(The more I think about it, my idea would probably be a can of worms, just trying to think of ways BitShares would get on the radar before the AGS window closed.)
My understanding is that blackshares and these concepts are intended to actually provide each community a forked chain of bitshares Bank and Exchange (so in this example, blackshares X) that honors their coins community along with PTS/AGS for 50/50 stake.
Let them essentially help test DPOS and create their own maintanence and updates to compete with eachother. In return they get a lot--most importantly a decentralized bank and exchange they do not have to further buy into (like blackhalo apparently does). That is my understanding and I think when we look at the "rules of the crypto universe", this makes sense.
There are more than a few coins coming out and moving into the phase where creating decentralized exchanges is the sexy new fad. But if they want to develop it this late in the game they have to somehow fund that development and still are behind the competition from the start of the race. DPOS might be used not for the specific coins, but for the exchanges and that coin's "shares". Then you get the forked code really growing organically and innovated to whatever level they wish. This is powerful and most importantly, if the coins all honor other coins to provide a good mixture, then all their users will be diversified by default.
Honor the occasion of each coin's fork with a statement of historical significance in the first bitshares X clone blockchains' genesis blocks and have a story about it. Marketing all around, leveraging crypto community and devs to test and innovate on the original design (bitshares X original can adopt solutions that prove best) seems cool to me. Plus we can sell to them "hey, TITAN is basically better than DRK and your users get it right out of the box".
Interested in more conversation specifically because the Whitecoin (Karmacoin was also interested) community was largely very interested in doing this when I was chatting to them on IRC. They feel like it will give them a (more economical) means of providing their users with a decentralized exchange and will essentially give them a chance to spring past Blackcoin.
In the case of each coin approached about this would eventually either fork to DPOS (after realizing its superiority over their current methods) or would be forced to produce something better...which could then be adopted by the original bitshares iterations (if necessary). In the case of blackcoin and whitecoin, I am curious (but also unnerved) with the potential they would have to improve DPOS Delegation.
In the end, all that matters in this game is that other communities want to mimic and compete with Bitshares because if they do, the game is half won already. If a large number of them honor PTS/AGS holders with every fork, then the other half is in the bag. To me it is silly not to try to form symbiotic partnerships using sharedrops because the terms of sharedropping are far different than those of airdropping. It actually creates a completely different incentive structure than the current one as well. Plus, imagine for one moment just how much better it will be to hold onto PTS and get sharedropped coins/shares as opposed to having to sell your bitcoin to buy and hold a coin that likely will not be a long-term play. All altcoins that participate will likely become far better candidates for "long-term investment" than others.
Some people are afraid that 50/50 snapshots to other crypto communities is going to significantly hurt the value of PTS, but we are not talking about an industry where giants like Visa and Mastercard are constantly battling--there is still a LOT of room for growth.
Hope this helps people understand the basics of this concept. There are other ideas that "plug in" here, but i'll leave it at that. Just want to clarify some potential misunderstandings