So now that I've gotten some sleep and a cup of coffee I'll post my reaction.
First to address some worries about this socalled shareholder meeting. The mumble meeting happened completely unexpectedly and spontaneously, probably mostly because of people wanting to vent their anger. The only person I could find on mumble earlier that day was Gamey, who was busy drowning his worries away because of the proposal and resulting commotion. He then went off to drown his worries some more and nobody has heard off or seen him since. Goodbye Gamey, you will be missed, hopefully by someone with better memory than mine.
I then checked Mumble again later that day, just before going to bed to see if anybody was there so I could do a little venting and forgot to turn it off. Purely by accident I heard gentso1 calling out while I was in another room and out of the blue the channel started filling up with people. Eventually even Bytemaster and Stan showed up, but that much should be clear from the chatlog and unedited recording I uploaded.
Now here is my perspective on what Bytemaster said, but first and formost no final decisions have been made nothing is set in stone, in the mumble session Bytemaster just explained the context of his proposal that was a reaction to people voicing their worries about the voting dac.
If you saw my post in the proposal discussion, you may have noticed I was not happy with the proposal at all and probably made one of the harshest posts in that giant thread. I have been passionate about corruption resistant systems for most of my life and I donated to AGS for the bitsharestoolkit and in hope that it would help bring the developments I've been striving for for more than 20 years to finally become reality. To me the concept of a single blockchain to rule them all is one of the biggest concerns I have.
After listening to Bytemasters point of view, he did manage to alleviate most of my concerns and restore a lot of faith in the future. I'll try to list the important points for me (sorry if it's not the speculator point of view), development of the opensource bitshares toolkit will continue and decentralization still is the main objective. However he feels that, at this embryonic stage, the bitshares team might do better to focus all their efforts on this single proto-dac with all the features of the previously announced separate DACS. This would make things clear for new people, and would help the marketing of bitshares enormously, because now they only have to sell this one project and focus all energy and developments to give the project critical mass / escape velocity.
Bytemaster argues, that in the case bitshares reaches adoption rates similar or beyond that of bitcoin, then decentralization will happen naturally by people making clones of bitshares or successful experimental DACs in this proto-dac spinning off on their own chain when they start to run into limitations and the free market will take care of it on it's own. For the short to medium term however the Bitshares team would not be creating competition with itself and for now concentrate on assuring the biggest chance of survival for the current projects and maximum focused and efficient use of their current resources, be it manpower, capital or whatever.
Should the proposal gain general acceptance then the social contract will remain intact and Bitshares-team would still offer support to anyone using the toolkit and honoring the percentage stake in this separate chain/DAC if even it is a competing one.