sorry for the late reply... i still dont understand what exactly we are holding with these shares. If lets say the US gov wants to use this system for general elections so every citizen in the country would then be "distributed" a single "vote" is that the same as the shares that we are holding? I cant imagine thats the case, otherwise then lets say american idol wanted to use the dac as well, they would then just "generate" couple hundred million new "vote shares" overnight? it seems more like this is like a bitsharesME type thing. Basically a "stock" in this dac but one that appears to be only related by a social contract at best. IDK, im very confused about this one. im trying to understand how this business model provides value to the shareholders.
It is ok and it is relatively simple. That is why I gave the analogy of the traditional voting companies that contract their services to the Government.
The Shares you hold in the voting DAC are not the same as the tokens issued to each citizen for use in voting. It is instead like having shares in a company that contracts voting services to the government. The voting tokens themselves cannot be purchased as they are connected directly to the citizen to whom they are assigned. The voting tokens are only valuable in that they are the means by which a transparent voting mechanism is realized.
The Value of the shares are not correlated to the value of the voting tokens because the shares are like shares in a voting company, whose value is backed by the value of their service. The voting tokens are not coins...they are simply tokens that provide a means by which votes are tracked. Hope this makes sense.
It is difficult for traditional bitcoin/altcoin lovers because in effect they have been trained to think of blockchain technology as only serving one purpose--value transmission. However, Bitcoin and subsequent altcoins are simply DACs that focus on providing a service based in transmission of value from one party to another. The people who have been here on bitsharestalk for the past 6+ months are the ones who have been studying how blockchain technology can essentially provide other services...thus they are new DACs that focus on providing a host of different and valuable services. Thus the labeling of DACs investment tokens as "shares".