Decentralized competition is what we're after. All we can do is put a product out there and hope people like it. We encourage competitors to put their own products out there and compete with us!
We have just announced the intention to design an upgrade chain called PTS2 that has DPOS instead of mining and should solve all of the current problems PTS has from using legacy Bitcoin mining code. Its design will honor PTS holders 1 for 1 and reserve the unallocated/unmined 15% for use increasing its value proposition (demand) for those who choose to hold it. No different than any developer who announces, say, a 45/45/10 DAC with the 10% reserved to fund development, promotion, and support. The standard approach we have always been advocating and the freedom we have left for every BitShares developer.
Now here's the thing:
Every PTS share holder will now ALSO own a PTS2 share!
That's how our industry works. That's how every change proposal happens. Soft forks and let the industry choose!
Those who like PTS can sell their PTS2 and vice versa.
That's how every shareholder gets a vote - the free market! What each person chooses to hold and chooses to sell.
So nothing has changed with PTS. Miners can still mine it. Exchanges can still trade it. Your wallets will still work
if they do.
But developers will have to choose which chain they will honor (or perhaps some clever mix).
If the majority of value stays with PTS, developers will be inclined to want to attract its holders. If the majority prefers PTS2, most developers will honor that. Over time, the least popular chain will probably die out. Or not.
Nobody's rights have been violated. A new competing protoDAC has been announced! (Something we reserved the right to do from week 1). Everyone is free to own and honor the one they like best - or both - or even clone their own better alternative.
And so are we.