BitShares is going to rebrand BitSharesX to BitShares, so we guess that we will finish our duty to delivery BTSX.
Hope you all guys enjoy the journey on BTSX, thanks.
Thank you DAC Sun, you have done your job of DAC parenting well.
But parents need to let go.
Developers ultimately must cut the tether to let their DAC grow up.
It is bittersweet, but gratifying to see it all unfold,
with the DAC ultimately hiring its own developers to defend and maintain it,
as foreshadowed long ago in
Bitcoin and the Three Laws of Robotics:
http://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics/ (http://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics/)
Software updates generally rely on trusting the developer. But now, it is way too likely that any trusted DAC provider will be shut down, prevented from offering its software, or seduced/coerced into installing back doors for Nefarious Secret Agencies in their next maintenance release. Developers are, after all, only human.
(http://i.gyazo.com/d7975b900102a50b6bb238fd2c071e12.png)
To date, Bitcoin has been well protected from such Trojan horses by its open source policy and a worldwide network of anonymous, independent Steely-Eyed Geeks (SEG) who would love to be the first to blow the whistle. Unfortunately, Steely-Eyed Geeks are a scarce resource that must be attracted like antibodies to a DACs defense. As DACs proliferate, novelty and fame will be less effective in attracting such resources. So DACs will need to find ways to autonomously compensate their human defenders. Direct hiring by the DAC’s creators would expose SEGs to the same seduction and coercion risks. To be effective, SEGs must remain motivated, anonymous and independent. Distributed Autonomous Corporations need a SEG benefits package!
Ultimately, to achieve complete incorruptibility, developers must be willing to let go of their own control. If there remains any centralized human control anywhere, it will eventually be exploited to the detriment of the DAC’s stakeholders. DACs need to be free to be trusted.