It has occurred to me that the refinements in the new DPoS plan can be understood in contrast to the multi-branch system of government used in the United States:
Electorate: shareholders (one share, one vote)
Executive: witnesses (maintain & certify record of truth)
Legislative: workers (paid, create and maintain rules, subject to approval)
Judiciary: source code (adjudicates based only on defined protocol)
- Voters elect and approve of Executive & Legislative
- Judiciary are like AI judges, appointed by Executive, engineered by Legislative
In this sense, protoshares was a bit like the Boston Tea Party (or declaration of independence from Bitcoin?), the pre 1.0 releases of Bitshares was quite like the USA between 1776 and 1787 when there was no Constitution, just the Articles of Confederation. The release of 1.0 will mark the creation of the Constitution itself, clearly forming the branches of the federal government.
http://en.wikipedia.org/wiki/Articles_of_Confederationhttp://en.wikipedia.org/wiki/United_States_Constitution