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Stakeholder Proposals / Re: Proposal Idea: Privatisation Beyond bitAssets - ALL classes of instrument
« on: June 19, 2015, 04:07:39 pm »I hate to say it, but this is basically Etherium that you're describing here. The problem that they'll have with their privatised instrument classes is that none of them are 'official' so will have exactly the same class of trust and adoption problems that any product/business has getting set up, on top of the existing problems that the blockchain itself has in getting established, making this path a slow burn, so to speak.
Additionally, a critical question is how well can the blockchain + network scale to multiple privatized assets, I assume popular ones will get copied.
As with creating a startup, the Bitshares DAC should maintain a laser focus on creating products that fit the customer needs. At first glance it might appear that there is a larger market that is made up of devs and promoters but trading continues to be the largest single use for cryptocurrencies. Big business is now invested in Bitcoin and creating siloed applications with it (Overstock, Nasdaq, etc). Will creating a business made to sell to developers / promoters create a better value than creating a blockchain with focused features available to those not part of the mainstream offerings in this domain? I do not know myself, and I remain skeptical of privatized assets to some extent. A blockchain like Bitshares cannot have a failwhale moment should blockchain applications become used en mass due to popularity of a corporate offering. A fail on a small chain could be its downfall, and event not needed when blockchain applications are being built to preserve peoples confidence in the face of other public market troubles (China, Greece).