I do see shares as having more in common with fiat than say, gold. Most people against dilution have that view because they're stuck in the coin paradigm. Deflationary shares don't make a whole lot of sense because it drastically limits growth. I guess the question is what's the difference between a company's shares, fiat currency and a deflationary commodity like gold.
I'm not actually against dilution I just don't see why we'd do it so early on. I think it's fine as long as there are enough BitAssets so people can park their buying power in them prior to the dilution.
But dilution is going to hurt people who have the least understanding which means it's actually risky to do it. It might be easier to raise transaction fees, increase the burn rate, or just use transaction fees to pay for this. Dilution should be the last resort and when there is dilution it's not like the board of directors can do this and not risk their jobs.
When it's a centralized corporation and the chairman of the board dilutes shareholders then the shareholders hold them accountable. If their plans do not increase buying power for shareholders, if they do not increase the market cap or the marketing campaign doesn't work, then what? Do we vote them out if they fail?
In a centralized corporation there is a consequence for failing but how does it work in a DAC?