Many people are frightened by the prospect of inflation. If you dislike inflation now is the time to sell, if you believe the ability to issue new shares to fund development is an advantage, then now is the time to buy.

Quote from: amatoB on October 19, 2014, 04:27:44 pm

Quote from: Rune on October 19, 2014, 03:55:43 pm

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.

I heard talk of moving some of the dev funding held in BTC into BTSX, in which case the selloff allows more BTSX to be purchased, providing more funding if they do some of that while the price is down.

Also the price has been going down for weeks, it's not all because of this proposal.  There's a lot of uncertainty.  It's people freaking out from not understanding that the proposal makes bitshares much stronger.  If this proposal gets more well fleshed out and goes ahead BTSX (then called BTS) will become invincible. 

This proposal gives me more confidence in the leadership as it demonstrates bytemaster has the guts to take drastic measures to navigate us through the stormy seas of crypto-startup land.

Please correct me again, but I think VOTE snapshot was already taken the same day as DNS. VOTE shares have been already allocated and distributed. Correct?

Why are we having a discussion about VOTE shares to be airdropped to BTSX? BM says that VOTE just got more interesting because he has something in mind. This is irrelevant to BTSX. VOTE will just help BTSX adoption.

Although comments like "VOTE will surpass BTSX" are not doing very good at the moment I think. People can't trade VOTE, don't know what's all that about and comments like that make people think "I will sell BTSX now, get bitusd and when VOTE is out I will buy more VOTE". Comments like that create confusion and fear about BTSX future from a DAC that is not launched yet and hurt the BTSX confidence ihmo..

Finally, why the discussions about diluting BTSX by increasing the supply? Some people invested in BTSX due to the fixed supply. If you want just create BTSY with the right to increase unlimited the supply of shares and snapshot those shares to BTSX shareholders. People will then be able to choose whichever model they like, keep both of them for diversification or dump everything and go back to bitcoin..