Why is BitShares not ready to offer protection against Mt. Gox / account hacking right now? Isn't it only a matter of educating admins (such as those for metaX, Blktrades & ccedk) on how to use the hierarchical account structure, i.e. multisig? Or are there still bugs in the GUI render that crippled?

The only way to be completely free of counterparty risk is to use pegged assets; that's where bitshares real strength lies.

there's no social contract/consensus that exchange should not vote, the problem is only how exchange should communicate with their users on this issue.
from committee perspective, the problem is how to define the rule to prevent one big account from controlling the whole network, maybe one option is to restrict the committee number one account can at most vote.
no proff to tell that exchanges are more likely to abuse power, they do not spend capital for the stake, but they are responsible for their users.

Once you let the genie out of the box, you won't be able to put it back in.

I think the negative publicity is greater that it only takes 15% stake to attack Bitshares than the fact that exchanges would have a large war chest to vote with.

They wouldn't necessarily be forging blocks anyways.. unless they happened to get voted in as a delegate. As stated upthread, maybe this would spur more people to use the DEX as well.

But the point is, the exchanges are *the* most likely candidates to abuse that voting power; they expended no capital to acquire the power, they can do whatever they like with it. This is a fundamental problem with (D)POS, the only thing we can do is try and have them uphold the social contract of not voting in the first place.

Have the exchange's distribute their voting power equally through all committee members. That way it shouldn't make much difference. For example, everyone would have +50M votes. It's a lot, but at least it's more distributed.

That's the same as them not voting, which is much better because then its easier to spot exchanges which do vote, thereby breaking the social contract.

What lessons can we learn about how to launch a successful alt-coin?  Perhaps we could use this information to help us improve BTS marketing.

If you wanted to "create an alt coin" and only a "coin", not a DAC... how would you market it to maximize its market cap to be higher than DOGE.

Be first, or be lucky.

I think you're abusing your power here in this case.

The users of your exchange have not authorized you to vote with THEIR stake.

 

I mean we should give the profit from network fees to big holders,

You propose returning to a plain POS model?

Other alt coin didn't spend millions of dollars to "build features that adds values" . You can't seriously compare the downtrend with zero development shitcoins . Otherwise , you'll demonstrating that development did bitshares no good than other shitcoins .

Sometimes value is outside the control of things which are logical