The biggest problem I see with Bitshares right now is Bytemaster doesn't seem to acknowledge his opponents as having valid critcism. While it might sound harsh, Anonymint for instance says, Bytemaster is a Steve Jobs type control freak figure so he's not going to make anything remotely decentralized. This criticism has some merit because I honestly believe Bytemaster is designing a system with the assumption that he + this website will always exist. In reality, the system needs to be designed in a manner where it functions at maximum efficiency assuming neither this website or him exist at all. The system also needs to be designed in a way that assumes mass voter apathy and ineffective or non-existent delegate campaigning to find suitable candidates for security that fit game theory motives.
I mentioned there's no automated fallback mechanism for voter Apathy, yet can easily be fixed by having clients automatically vote for delegates that put up the highest collateral bid if they don't vote manually, but Bytemaster doesn't even seem to believe voter apathy is a problem. This makes me think he believes he's always going to be there annointing the delegates himself. Afterwards, talking about trying to lower delegate count to 17 on top of that so you only need an amount of people you can fit in one car to collude is just getting outrageous.
Since those 9 people colluding require no substantial collateral to be delegates in the first place, they can just sell all BTS they own, accept a bribe from "Come-from-beyond" at NXT, all place shorts at the exchange then black swan attack the network all day to destroy it or at the very least all of it's credibility. Bytemaster is unable to even envision this attack because he seems to think he's going to be there manually controlling everything forever. Even if your goal was to straight up run a centrally controlled company, everyone on the outside believes that since you're operating under the Bitcoin banner, that attack vectors like this cannot be allowed or it's not a valid product.
If your goal is to operate a centrally controlled company, things like this still can't be allowed because in a centrally controlled company, the board of directors all have tons of stock in the company and million dollar salaries. No substantial amount of collateral is even required to be a delegate in BTS, and nobody is making anything near a million dollars. The only way this system can work with a low number of delegates (anything 100 or less is low) is if they're all required to lock up large amounts of shares to function as one to prevent themselves from attacking the network (i.e. my collateral bid solution). The minimum bid would need to be somewhat high, then you would need to bid against others on top of that.