I try not to guess when time and price are optimal for an investment. If the investment will be profitable in the future, I'll buy it and don't care about timing and price (I leave that to professional traders). This means that I focus on the big picture.

1. DPOS is the best consensus mechanism for a blockchain. It defines clear roles for different jobs and creates good incentives for everybody.
2. Blockchain performance is well thought from the beginning. It will scale better than any alternative.
3. Bytemaster has very good understanding of economics. This gives an enormous advantage compared to other blockchains whose developers care mainly about the technical stuff.

Could somebody add some info about this on the technology page on the website? This is so important that this absolutely should be promoted in there.

Anybody?

If it's not sure yet that this will be implemented when 2.0 comes out, a blog post might be better than technology page. But anyway, some kind of "official" statement/explanation would be great. There are lot of people who want anonymous cryptocurrencies so we need to get their attention.

I'd love to have site/post that I can link anytime there's discussion about anonymous cryptos.

If somebody has great ideas how to implement microtransactions, let hear them! I would like to have them too, but unfortunately it is not so simple.

For example, Bitcoin pays most of the transaction costs with inflation. Right now the average cost per transaction is approximately $7.5 and that is awfully high.

If I have understood this right, Bitshares will charge a cost depending on how much resources a transaction needs from the network. That is a healthy way of looking this and helps the blockchain to be profitable in the long run. Blockchain shouldn't be a charity for some people to use it without paying.

Is there any documentation or a white paper on Bitshares 2.0?

Best documentation is Technology page on the website. You might also want to read Lessons Learned from BitShares 0.x from the blog.

Rather than think solely in terms of profit, think more about aligning economic incentives. I was always taken from the very beginning by bm's vision to make good behaviour more profitable than bad.

Yeah, incentives are very important part of profitability.

Profits itself are not good or bad, they are just a necessity. If the system wastes more resources than it creates or other ways brings in, it will die sooner or later.

Josh Kaufman has a good definition of business (in his great book The Personal MBA):

"Every succesful business (1) creates or provides something of value that (2) other people want or need (3) at a price they're willing to pay, in a way that (4) satisfies the purchaser's needs and expectations and (5) provides the business sufficient revenue to make it worthwhile for the owners to continue operation."

Most of the crypto developers haven't really understood this. Bytemaster is a rare exception.

If we thought of these blockchains as governments or as states, would you expect most people to choose to be the citizen of the state that doesn't give people a vote, which is designed to centralize to the point of absolute monarchy? Which can't change it's constitution or amend it?

Why would we design something which isn't at least as good at the nation states we have? Shouldn't we be trying to design something far better than what we already have?

Unfortunately Bitcoin seems to be taking us backwards, almost to point where developers are the high priests, and combined with a bunch of other unelected officials who can try to manipulate through censorship, bans, etc.

If we want a government or a DAC that works well, we need to focus on two things:
- It has to have a well defined decision making process. Right now Bitcoin is suffering because it doesn't have this. Bitcoiners can't decide how to direct the development so they have to waste their time and resources to fight against each other. And important questions like "how to fund the development" are still completely without an answer. Developers are mostly funded by charity and that's not a good way in the long run.
- People who take part in the decision making process have to have good incentives. Democratic states have bad problems because politicians have incentives to promise a lot of stuff for everobody. That can't go forever and countries like Greece are little by little understanding this. Money just runs out eventually.

As far as I can see, Bitshares is the best DAC at this moment (I'm counting on that 2.0 comes out as promised). It has a clear way of decision making and developing. It has good incentives for people to actually do the development, build infrastructure and use the platform. Time will tell if the incentives are really great, but if they aren't, with the decision making process we can probably change them for better (unless there are some really bad incentives that prevent this).

Could somebody add some info about this on the technology page on the website? This is so important that this absolutely should be promoted in there.

OpenBazaar!