I have a new proposal. I'll develop more on that later, but here is the outline:
We create a bailout fund that will be funded by N delegates. Each time the fund receives delegate payments, it bugs bitBTC and airdrops it to BTER users who registered on Bitshares prorata of their lost BTC holding. This is litterally a vested bail out fund but the vesting schedule is dynamic and adjust with the BTS exchange rate.
No delegates.
I do not support delegates because this forces people who are obviously against this idea to pay for something they hate.
Delegates are voted. If we create delegates for this fund and they are voted in, it unambiguously means that the majority supports such delegates in which case it was right to create them. If they are not voted in then nothing lost. No matter what is the topic at hand there will always be people opposing specific delegates for whatsoever reason and ending up having to pay for something they didn't aprove if the majority decides otherwise.
Let me play the devil's advocate: your delegate fuzzy... Was it voted in unanimously? If not are you paying back the stakeholders who didn't vote you in by airdropping on them their prorated share of your delegate income? If not where have gone your moral qualms about making minority stake holders pay for something they didn't approve?
Let's push that one notch further. I proposed a fund backed by N delegates. N is the adjustment variable to be modulated according to the majority's opinion of what would be a proper bail out and BTER's feedback on whether our vested bailout proposal would be deemed sufficient to takeover the brand. If appetite is moderate N could very well be 1. This would still be better than nothing for BTC holders and could result in a fast bailout should BTS value take off. 1 delegate would cost the same as you fuzzy. So now let me ask the question you know was coming: can you say with a straightface that your work for Bitshares brings more value than the entire BTER user base creating a Bitshares wallet, testing it and revisiting monthly to withdraw their monthly bail out installment?
Ok that was quite provocating but that was needed to put my point across. I know you are doing a great job fuzzy and deserve that delegate. The point I'm trying to make is that onboarding the entire BTER user base and keeping them coming back regularly would add tremendous value to the network that no single voted delegate would be able to emulate, specially after these have understood that they now have a vested interest in Bitshares success. That is well worth 1 delegate don't you think?
do not want to trade a user base over at BTER (who might simply bail and go to a competitor after they regain access to their funds) for an already loyal COMMUNITY here
There is no trading one thing for another. As always the community will support whatever its majority has decided to do because that's the consensus on which Bitshares is based and something every stakeholder accepted when they joined Bitshare.
Regarding the BTER user base, what I propose forces them to be faithful since the bailout will unfold over a period of months to years depending on the price of BTS and the number of delegated given to the bail out fund. They will have to create a wallet and visit every so often to witdraw their accrued balance. This opens a good window of opportunity to try to convince them that Bitshares is worth their while and makes 80% of the distance from a prospect to a user.
Let people buy in if they want to. Get contact with BTER
I will contact BTER once I have the funding nailed. Contacting them now to offer them nothing concrete is a waste of time. I also expect that they must be flooded by messages from their angry users so it will certainly help if the message is delivered through the usual official channel so that it doesn't end up being garbaged by a support staff.
Another thing I didn't have the time to explain earlier: since BTER is willing to hand over the brand and website and dissolve the company there won't be a need to keep the central exchange running with the same staff. That means we can transform BTER in whatever we want: a Bitshares centric exchange, a gateway.
If that happens I'm willing to roll my sleeves and help migrating BTER to a new Bitshares centric backend. But first we need to nail the funding aspect.
Topic: Bter hacked. PTS, bitassets withdrawal successful. Share you experience. (Read 171833 times)
