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General Discussion / A BitShares Constitution?
« on: November 02, 2014, 02:22:24 pm »assume a marketcap of 2Bn - why would we need 8% dilution in this marketcap? would be 160 million for the employeed people.
in the near future maybe it is possible to change the dilution model to take the needed value from the stakeholders direct.
you hold 1.000.000 million BTS and the employeed people need 5% this year to work for us, so we take 50.000 BTS from this owner (as an example for all owners) so he will hold 950.000.000 BTS in the end of the year.
i know this is not common, but maybe the stakeholders will watch the employeed people closer and will higher and fire faster.
We need to see the controls for dilution and delegate's work processes. My hunch is it all ties back to VOTE. But in the mean time, not knowing how much we'll be diluted, and to what gain, is the investor's greatest area of uncertainty.
So many people want to be delegates, and it scares shareholders that there could be 101 delegates diluting the system. There is no clear and standardized way to track these individuals. And even then, will enough people actually recast their votes to get the over promising, under producing delegates out?
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thanks 
