It's like moving our store from inside our own house to the shopping mall of someone else to operate under their new rules and not ours.
Today BitShares shareholders do have 100% control over the application, the blockchain itself and its settings. That's power we would probably lose running on EOS.
It's like moving a centralized exchange to BitShares ^^
Not saying it does not come with benefits but also not without risks.
I've known this to be true for years but right now is the first time I truly appreciate 100% shareholder control.
Is BTS 2.0 the first company in history to be able to say that with 100% confidence?
But think a little while how well Bitshares has worked so far... From technical standpoint there shouldn't be anything that prevents it being a TOP5 blockchain. But the community hasn't been able to use the technology to grow the ecosystem.
Would it be really a bad thing if a community like that would lose some of the control? What's the point of having control if it's used ineffectively?
The "invisible hand" guides the market, are you suggesting you have forsight greater than an omnipotent all-knowing "entity" that represents the aggregate subjective decisions made by an economic community?Are you suggesting
Redistribution of wealth?
I would hope such an idea is rather unpopular on a forum with history of NAP and austrian school of economic theory.
Where's the proof it's the fault of the current shareholders?
Even if it was their fault, who's to say that a current shareholder would not learn from their mistakes and have knowledge that a newly appointed receiver of stolen goods would not possess?
The bts price would have dumped into the ground long ago and it would not have had the capital to employ or incentivize anyone.
Iif the shareholders of the previous 2 years did not risk their wealth to bring it to fruition, this project would be nothing.
This project IS the shareholders. The community.
The fact that BitShares "Has the potential to be a TOP 5 blockchain" is directly BECAUSE of the investment of the "current" shareholders.
Liquidity, collateral asset value, results of worker proposal voting, testing early product, community discussion participation are all the result of efforts made by the shareholders.
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The whole essence of this project, the real asset that brings BitShares' monumental growth potential, is in it's founding principles and enablance of freedom.
I should hope that the Freedom from sneaky rug-pulling is included.