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General Discussion / Re: Yunbi started voting against all workers except refund/burn workers
« on: March 28, 2016, 08:32:36 pm »
Agreed. In short there would need to be a consequence that prevents Yunbi from continuing their unilateral use of customer funds (without verifiable consent) or we need to innovate and adapt the platform so that similar exploits aren't possible or we need an alternative platform that has learned from these experiences and is more resilient. I'm not saying for a minute that any of this is easy or without cost......trouble was inevitable from the outset.
From a slightly philosophical point of view, no human being on this planet has ever lived within a corruption resistant economy for any great period of time. Even those currently fighting for an edge or tending towards greed for whatever reason may in fact prefer to live in a world that might be possible should a platform like BitShares succeed. The confluence of old and new partly contributes to the problems all of crypto is currently facing. How do you convince someone who can exploit an edge today, in order to make a million, to sacrifice that edge in favour of something with integrity that helps many more than just himself?
Apathy is one of the biggest challenges so the platform needs to provide all the support it can.....but then the platform must also be compelling enough to grow and gather network effect. It's this combination of issues that make continued innovation/development and integrity absolutely critical.
Such thing would not be possible with regular stocks, because there is a name attached to stocks certificate. There is no proof of ownership in bitshares. Possession means ownership. If you give your funds away, even temporarily, you give your voting power away. Everybody just needs to realise this.
Sure. Perhaps awareness of the issue is all that is necessary to at least ensure that exchanges are forced to gather consent for their actions transparently. Or maybe heighten awarness of the fact that the owner of the key owns the funds. Certainly any other course of action requires a lot more work and uncertainty.....though may be more robust!
Perhaps we should start by trying to create awareness so people (not just BTS holders) can altogether avoid this unethical and despicable exchange. Let's also consider specifically incentivizing BTS holders to get their BTS out of there and onto the DEX.
And by the way, it's one thing to vote against all workers no matter what. Such action can perhaps be chalked up to pure, unadulterated ignorance on the part of the "anti-dilution" crowd. But it's another thing entirely to mount an attack by attempting to steal funds from the reserve pool. For now, I'm not going to say what I think we should do about this if it continues. But we should all should start thinking about it. And we should think outside of the box.
Yes, awareness of the facts......totally, let's do it. I was not aware of an attack on the reserve pool, would you mind explaining that a bit further? If that is the case, I would say a more radical approach is absolutely required.