How hard would it be to enable other coins that are put on our exchange to use our baked in separations of power and stake-based voting the ability to tweak our bts governance features to enable altcoin communities to vote for changes in their native chain?
We obviously wouldn't be able to have witnesses voted in (unless, perhaps, they put their tokens away to get an equal voting stake in bitshares, thus losing their voting ability in their native token's chain), but they could use it to form committees, which are simply decentralized and accountable foundations that have their members voted in (and out) and also vote on TokenImprovement Projects via worker proposals paying in their token.
Example: 1) We get a BTC sidechain and it enables all those who put their token into the bitshares ecosystem to vote with stake-weighted voting based on the total number of BTC in existence (or really any variation is possible...right?
).
Bob enters the bitshares ecosystem with 100 BTC and can now vote with his stake on how bitcoin should move forward. 2) We start advertising a service to help gather data on the opinions of Bitcoin Users with regard to BIP projects and other various politically heated debates (politically-heated = coverage). It could be similar to how Data, Xeroc, Bhuz and the other committee members do it, or we could leave it up to those who choose to become committee members for Bitcoin.
Bob reads the new BIP and adds it to be voted on as he knows he will receive Governance Points (one of many "valueless" tokens that act as badges of honor to mark people who are most active in various ways). He uses an easy to use interface to add the proposals link via the wallet.3) We make it easy for people who set up voting proposals to send links that simplify the process of turning BTC into SIDE.BTC.
Bob gets the vote link and uses it to send people to an interface with 5 steps:
a) Create Wallet
b) Move your BTC to the stake-voting network!
c) Congratulations! You have now received n number of voting tokens for this proposal!
d) Vote on this proposal!
e) Share this proposal with others! (and earn a specific amount of SIDE.BTC, and accompanying extra voting tokens!) <----amount paid could be based on conversion % of users who end up paying for LTM. 4) We make it possible for other tokens to do this.
Bob reaches out to his buddy who is a huge whale in LTC and DOGE....telling him he can not only help improve governance by the owership in these chains, but that we can also gain referral fees out the wazoo for advertising the service. 5) We make it possible for other tokens holders in this ecosystem to temporarily exchange their tokens for BTS to vote on our ecosystem's growth. They would only gain access to BTS for voting privileges and not to sell them, so the BTS could be purchased far more cheaply for this reason because it would lock up those bts as well as other tokens that are on the BTS network, making for fewer bts, and sidechain tokens available for trade.
Bob thinks something that a worker needs to be voted out. He knows that the "legacy" bitshares holders will not vote him/her out due to what he perceives as collusion and corruption. So although Bob does not want to sell his BTC to buy bitshares directly, thus taking on the risk of holding a more volatile crypto, he instead chooses to buy bitshares from others ONLY for the voting power. So he pays others at the market rate (which will likely be cheaper than bts) to get a far larger voting stake for a period of time...thus taking them off the market. Thoughts on this idea?
Topic: Move Your Coin's Governance to the BitShares Blockchain? (Read 1741 times)
