After reading a thread
Will you vote yes on Bytemaster's "free transactions" proposal that he talked about at last shareholder meeting? and listening last beyond bitcoin hangout now I understand why this topic was created.
BM idea for me seems to be very innovative. I really like the idea, that I can buy not only a cryptocurrency, but also a right to use it bandwidth in the future. Right now bitcoins transfers seems to be cheap, but we do not know, what will happen, when
Moore's law will stop work... and bitcoin network will have to rise the fees. It may be possible, that bitcoin will not scale to global usage so easily.
In the other hand, right now I can buy very easily significant amount of bitshares (because it is cheap) and buy the right to have a priority to use bitshares network for transactions.
I really like the analogy with shared house in the mountain, which can be used by all owners, according to some rules. Having that in mind, I would like to propose new name:
Proof of Ownershipit is simple, flexible... and all of us like to own things
This will be very easy to explain to people, that with buying a bitshares they also buy rights to:
- use network infrastructure
- vote through a system and make a decisions about their property
- as owner of the network they acquire rights to hire people (developers, witnesses)
- own the future profits (through the network effect) + future optional fees
People love to collect different things, what means that word "Ownership" has very positive connotation.