Obviously all BTS holders are very sensitive to dilution, even though the diluted BTS are used to pay developers and delegates.
On the other hand, we need fund to support developers by voting them as delegates. To maintain the balance between satisfaction of shareholders and requirement for developing, we need to minimize the dilution.
For the new proposal by BM about the delegate payrate change, he mentioned that the transaction fee and fees from issuing assets will be burned. Burning is in an opposite direction from dilution, then what's the meaning of burning while diluting? People are not grateful to burning but hate dilution.
My suggestion is that we keep the low income delegates as before, i.e. delegates get their pay still from transaction fee, asset issuing fee, etc.. Meanwhile, we have a few positions for high income delegates, who needs the approval by voting, and their income accounts for the dilution.
In the way, the dilution is minimized, then all share holders are satisfied, because they know how the newly issued bts are spent.