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General Discussion / Re: VOTE DAC Just Got More Interesting 2.0
« on: October 18, 2014, 10:20:48 pm »It seems to me that having every DAC have its own version of bitUSD backed by its own token (btsx, bitVOTE, etc.) will cause each chain to have a weaker (larger spread & lower liquidity) peg. It also makes the ecosystem, which is already complex, even more confusing to understand and use. Wouldn't it be better to only have the one bitUSD backed by btsx that all the DACs use? Is that possible technically?
Please read this and this. I hope that will explain why things are done this way.
Thanks arhag, those links really helped me to understand.
It seems my concerns were valid, but the creation of mulitple bitUSD may be the best choice for technical reasons. I think this will hurt bithshares x and the other DACs because the peg and liquidity will not be as strong, but if it is necessary, sobeit.
I3: I will say please try to limit how many times you rebrand / make huge fundamental changes. This has and still is a big problem with bitshares. Maybe take a step back and really try to map out how the whole ecosystem should be before moving forward much more. This figure it out as you go approach is really not good for adoption or retention of participants. I understand sometimes you have to make changes, but there have been too many in my opinion.