I wrote about before, but it was buried deep in another thread:
So we need more revenue to fund promotion of BTSX. Before we resort to inflation/dilution, how about we try increasing transaction fees? Being able to buy 10000 BitUSD for just a fee 0.1 BTSX seems like I should have been charged more. I would have been happy to pay $2-5 for that trade.
Keep the current cheap 0.1 fee for creating an order, and just charge the larger fee when a order is matched. We could even do what the centralized exchanges do and give market makers a discount.
I think shareholders/delegates should have a vote on changing the transaction fee structure so that in these early days the system could charge more.
This is a much better way of funding development than inflation.
I agree with you but it appears that the community is split and a lot of people want inflation. I don't want inflation any time soon but they do and in my opinion something like this should be put up for shareholder vote.
They have a plan for BitAsset network effect that basically requires dilution, money raised from others sources would not be enough short term.
Every new person that holds a BitAsset essentially increases the BTSX CAP by 2-3X that amount. So the more people you can get to buy BitAssets the better for BTSX shareholders and the fastest way to do that is to offer additional BitAsset incentives funded via dilution.
The second part of network effect is to merge BitShares into one main SuperDAC so that there is one simple to buy into BitShares that maximises network effect and gets all of the attention of key people like Bytemaster.
I think it is very exciting. I will support it. Despite having a lot of AGS, I think that as BTSX is by far the biggest CAP, that it must be protected the most and any mergers should err on the side of being more favourable to BTSX.
If someone else came up with a decentralised constitution enshrined hard capped BitAsset competitor I would hedge a little there, though that option would not be competitive as a BitShares DAC.