--disclaimer: not an expert talking--
I think we will have a robust system when 2.0 is out and running.
- Clear and defined governance model
- Ability to (de)centralize at will
- Aligned economic incentives
- A good degree of privacy
Among other excellents features such as smartcoins, transaction speed, scalability, copay-on-protocol, etc, etc, etc.
Looking at MakerDao, one of the things that sounds interesting is the actions their planned to mitigate the effects of a blackswan.
I know that "printing" more BTS is a sensible subject in the community, but i think in an scenario like this.
Supose that 2 years have passed from now and the marketcap of bitUSD is 100M USD, basically a lot of people is using it as a medium of exchange etc etc. Suddenly a black swan event ocurrs, the rainy-day pool is not enough to cover all, and we declare the bitUSD market dead and everyone gets their bitUSD swaped by (what is left) BTS.
Bad publicity and difficult to restart confidence in the sysmtem again.
Should we as stake holders take the losse on it in order to keep the business running?