The profit model is apparently that there will be no "profits."
Once dilution is implemented, I venture to say BTS will never be "profitable" on its original goals of creating a profitable company out of a cryptocurrency by not diluting its shareholders and burning fees. No amount of marketing and development will ever be enough, shareholders will always want more no matter the value of the BTS tokens.
Now the model closely resembles how any other cryptocurrency would be "profitable" by its tokens' value rising. Whether this is a good thing or not is yet to be seen, but if I see someone say "they just don't see the big picture" one more time I'm going to flip shit. Apparently there are people that can tell the future, and the debate is not a debate at all as it is an objective matter and not a subjective one.
Yeah there's many issues with especially undefined dilution, I would agree to anything not to lose the key talent but I think it's fundamentally flawed.
In regular companies key shareholders have to disclose their stake and disclose sales. In BTS we already know a few voting blocks have a potentially controlling stake. So with TITAN + undefined dilution + no legal recourse, we've invented the impossible & created something that requires MORE trust than a company. It's very hard to imagine new shareholders ever trusting that.
Also unlike a real company, everything a pure DAC spends a fortune developing is open source, no intellectual property, so development spending has very limited medium term value.
The company metaphor is also exactly what crypto, libertarian and mainstream is growing to distrust, especially in banking. Give them a DAC with no dilution or at the very least defined limits and values, & you can own the world.
So something that requires MORE trust than a company, gets little development benefit & negative marketing especially vs. a limited competitor, makes the value proposition of undefined dilution questionable.
There were other factors at play, but BTSX has also lost 50% already since dilution discussions started and we we're on an uptrend before, with the world's greatest product and so many good things in the pipeline. So one could argue we may be 80%+ lower than where we would have been.
I agree with you. I wish there was some intelligent debate and discussion of the issues, so many people try censor discussion or just label it as FUD.