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Why do you have any confirmation from DNS,Music teams that they will join up with BTS?
I've been listening and find myself agreeing with BM. To summarize:
- BM has an obligation to create something for post-28th feb donations and PTS holders, leading to the perceived conflict of interest
- Fusioning all DACs into BTSX under the name BTS would focus BM on a single DAC
- A fusion would be done through a second, final snapshot of PTS/AGS
- This snapshot would create new BTSX to honor current PTS/AGS holders
- This snapshot will focus all the funds on the same project in order to accelerate development
- Any new features such as VOTE would be created inside BTS
- Future scaling problems would be addressed using a spin-off: a snapshot of BTS used to create a new DAC
TLDR: Buying out PTS/AGS to create a bigger, better DAC with more features, more funding, better marketing potential and complete developer focus.
The protoDAC model is not abandoned. BTS would become the protoDAC to be honored for 3rd parties who want to leverage our growing network effect and DAC-savvy community. These are third party specialty DACs you will definitely want to own and providing a little consulting to get them spun up is a small price to pay and consistent will all previous promises.
The proposal provides a stronger, simpler story for all the people we are about to bring into the ecosystem for the first time. Before we turn on the vacuum cleaner and start filling the funnels, now it the time to get lean, clean, and simple to explain.
How will that work with TITAN, can it still be done?
I think we also need an explanation as to how all of the negative aspects of "one chain to rule them all" no longer apply?
Fully agree.
This is not "one chain to rule them all".
(Bytemaster merely mentioned that such claims would be incorrectly made.)
Two or three synergistic chains would be merged.
Other unbelievably powerful features would be added to that mix.
The network effect to maintain one bitUSD would be preserved.
And that's where Bytemaster next focuses his innovative energies.
But...
Most of our current DACs would remain independent.
More third party clones would still be tailored for unique markets.
(We'll be working to help launch one of those most of next week.)
Just a few are stronger together.
And if we don't combine them, someone else will.
BTS is coming... I'm buying with both hands.
Let's be clear. This isn't an issue about guts or cojones. It's an issue about judgment. Does leadership have the holistic vision and depth of judgment to do what's best for Bitshares and the industry overall? Or, are they unduly influenced by a vocal minority here who are heavily vested in bitshares from pre-Feb 28th or who may have other, hidden agendas?
The damage re: inflation has already been done. There is no turning back, we simply have to implement inflation because that is the only way to have the bitshares superDAC be competitive in the long run. Remember that shares will only ever be issued to fund endevours that are long term profitable and result in a net gain for the shareholders. This will only be positive unless you dont trust the developers and delegates. The only negative coming from implementing inflation is the selloff we are seeing right now, which means the damage has already been done.
No, it's plain to see that the selloff is not just due to the possibility of inflation. This selloff is about bigger issues with the current proposal and perhaps, to some degree, a loss in faith in leadership due to the fact that they are even entertaining such a proposal.
Is VOTE dac an independant dac and are they still getting its own bitUSD debit card (for their own version of bitUSD) or are they on the same blockchain as BTSX with this proposal?
This proposal is to bring them all on to one chain.. no BitUSD competitors.
(so long as it's still scalable)
If it goes down much more i'll double down, a united Bitshares under BM new proposal sounds stronger than ever.
