I think this part of the proposal is not being discussed enough.
The proposal is to allow BTS to be diluted by the issuing of more BTS. In the mumble session BM suggested that a cap could be hard coded.
As well as voting on what you think that hard cap should be can we also have a discussion about :-
1. what we would consider it acceptable to spend the raised capital on? Development? Marketing?
2. Who should have control of the raised funds?
3. how will the amount of dilution be decided upon on a call by call basis?
4. Who can make a call for more shares to be issued?
5. Will there be a maximum frequency of share calls hard coded?
6. If X% per year is decided upon as a maximum, will we also have a maximum individual share call hard coded? eg if 10% was decided as the hard coded limit for a year should we have a maximum share call within that year hard coded like 2%?
These are just a few questions to get the ball rolling, I just think that this part of the proposal is not getting the posts is deserves.
You misunderstand how it is going to work. Individual delegates can register as inflating delegates, with a set amount of BTS printed per block. They will have to be voted in as delegates for it to take effect, so stakeholders will always vote on all inflation projects. An example could be a new developer that wants to work full time on making and maintaining an iOS wallet. He would then pitch his project on the forums along the salary he is asking for. The community can then have a dialogue with him and he can amend his project plan after getting feedback. Once his project is ready, he will register a delegate and stakeholders will decide if they want to vote him in or not.
Once he has been voted in, he will have to follow the transparency strategy he had in his original plan, and report his progress and spending weekly or monthly or whatever interval he has committed himself to do on these forums. If he misses a commitment, or it comes apparent from his reports that he isn't doing well enough, stakeholders will vote him out again. There'll probably be a very active "vigilante brigade" that will do everything they can to ensure he gets kicked out if he doesn't follow his commitments fully.
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