A little history and perspective to the rescue!
Invictus Innovations said anyone could use their tech as long as they sharedropped 10% to PTS holders and 10% to AGS holders. Leaving 80% of the chain to PeerTracks.
PeerTracks inc. would allocate that 80% as they saw fit, x% to pre-sale of Notes, y% to this, z% to that.
If you recall, that was the original proposal, which got shot down quite quickly.
We replaced that "centralized beginning model" with something that harnesses the power of DPOS and we all agreed it was much fairer:
Just 10% to PeerTracks but allow dilution, which would be in the control of ALL stakeholders, not just PeerTracks.
This made everyone happy since, it removed centralization, and put the funding and development into the hands of everyone instead of just one corporation (PeerTracks). It also did not guarantee there would ever even be a need to dilute, unlike the original proposal.
So until Graphene there were 1.5 billion MUSE Core Units with infinite stakeholder-approved dilution.
The only thing that changed with Graphene is that we have put a CAP on dilution to a nice round number 500 million, making TOTAL possible MUSE Core Units to be 2 billion.
So what we basically did is go from infinite possible dilution to a hard coded max possible dilution of 25%. Your welcome.
And once again, don't like the reserve fund? Vote to burn it all!
So to clarify!
The 500 million Reserve Fund is not in the hands of PeerTracks inc.
It's in the hand of the stake holders. It's the MUSE blockchain's own reserves.
The PeerTracks Stake is 10% of the original 1.5 Billion. Some 150 Million Shares NOT the 500 million reserve fund that might never even see the light of day before workers burn it all haha.