I have spent the last couple of days following this thread and trying to understand the proposal better. It didn't taste good at first, but the more I've understood of this, I think I like it. Set a maximum dilution rate and the number of business delegates that this community can agree on. Start modest and be willing to expand those later. Then if delegates are essentially bringing in more business for us, that will more than justify a bit of dilution, since everyone ultimately profits. Those things don't worry me, because I think we'll get it right. And if we don't, there will be more fine-tuning until the tweaks hit the proper balance.
We're watching evolution take place here in fast motion; it's like watching a time-lapse video of natural selection in action.
The only thing that still bothers me about this is that we must take care not to make the voters' job too difficult. It has to be simple. And yet there needs to be some assurance that a cadre of delegates cannot easily take over the system by manipulating those simple voters.
I think this proposal will make BitShares more flexible to allow for growth, while funding development, which is essential. If we're greedy on the Social Consensus now, then someone will fork the shit out of these while we're arguing about allocations, and they won't look back because they'll have all the investment they need (and we won't). I continue to be amazed by Bytemaster's acumen. Ultimately, this proposal solves issues that could come up 6-24 months from now. I'd much rather deal with them now.