Today I formally announce my intent to join the BitShares Committee.
As a reminder: the Committee is approved by stakeholders and formally tasked with setting policy for the BitShares blockchain including:
Transaction and trading fees;
Blockchain parameters, such as block size, block interval; &
Referral and vesting parameters such as cash back percentage and vesting periods.
I discovered the Graphene-based chains last summer. I was hooked. I watched every public video with Dan Larimer talking about the potential for BitShares to revolutionize finance (BitShares TV:
https://www.youtube.com/channel/UChtICzF0ZEhhgoMA8YWhULw/videos is a great resource for those new to the platform or interested in its beginnings). For months I could not shake the question of why BTS had yet to have a bigger impact.
This lead me to become more active in the community. Joining the Discord and Telegram channels where I met great individuals like Kimchi-King, Fav, and Fuzzy. On BitShares hangouts and in the chat rooms I listened to the community and began taking more upon myself to contribute. I identified two areas where I could bring value: network infrastructure and legal perspective.
As many of you know Bittrex, halted trading in BTS in the fall of 2017. This opened my eyes to the serious challenges facing a DAC like BitShares. In many ways BitShares is vulnerable to adversaries in the real world who have not the time nor interest in understanding what we are doing here. I believe this network can thrive and prosper within the current system of national boundaries and jurisdictions.
My platform principle is the support and sustainability of smartcoins on the DEX. Native trust-less assets with autonomous and sound collateral ratios (e.g. bitUSD) remains one of the core advantages BitShares holds over the rest of the crypto world. I will strive to foster innovation for new smartcoins and collaboration and support for existing smartcoins.
I hope to join the Committee and help the community make the most of every person working to make BitShares realize it’s full potential. Thank you.