Have you looked at coinmarketcap recently ?
It doesn't take a company with funding to compete with BTS . A coin with a silly Doge face is doing it already .
Dogecoin is already doing it with zero features/zero funding .
Figure out how to beat Dogecoin , and I'll have a serious conversation with you .

Of course, you will say ..."Dogecoin is pump and dump, market cap doesn't count”. But how can you talk about beating all the innovation projects by increasing dilution when you can't even beat a silly project called Doge ?
Oh come on, Doge is obviously an anomaly in the crypto-world -- it's purely for "fun" and speculation on how much others will find it "fun". That's not BTS. BTS won't magically become fun and community-driven if everyone just stops developing for it.
The name's not even funny -- BitShares.

So .... you mean to set a bar for beating Dogecoin is unfair for a light speed blockchain ? 
Seriously? We're comparing BitShares to Doge?
Doge is a copy coin with some (if any) tweaking to the protocol. A vanilla currency... passed between two parties... that has nothing more than network effect, only because they started at the right time and right place... the peak of the crypto hype!
Do they have...
A function Decentralized Exchange on their block chain?
A way to create UIA's?
Any Market Pegged Assets?
A complex GUI/Front end?
Any work being done for STEALTH?
Any voting capabilities?
A network with 3 sec TX times?
Any business that have built off their protocol?
So in other words, we have a SHIT TON of upkeep which BitShares requires to stay running and functional. BitShares IS NOT a "set and forget" coin/token/crypto.
That being said. I'm not 100% for dilution either but, we must have some common sense realizing BitShares is not a vanilla coin. It's literally a living and breathing eco-system which needs fostered and cared for by the community and devs alike. And yes, devs/workers need some form of compensation to help maintain and grow our system!!
Since we're on the subject of an Exchange abusing its voting powers... why can we not create specialized "Exchange Wallets". I've always thought Bitshares should have a "modular" approach when it comes to users.
Not ALL users are the same. Not ALL users have the same goals for using BitShares.
With the complexity that BitShares offers (the points mentioned above) along with the current Yunbi debacle, we really, really, really should look at providing specialized wallets that are tailored to fit the needs of each unique user.
For example,
A registered wallet for “Exchanges” --- would allow them to vote but, at a reduced weight ( 1:20 ratio?). This way the voting system isn’t being abused as we’re seeing now, while still allowing them to voice their position, like the rest of us. The wallet could also allow them to create sub accounts to fit any needs for interfacing with their front/back end functions (maybe allow up to 50 sub accounts (to keep blockchain RAM/bloat in check)). In some manor, we should also incentivize the exchange wallet so there’s no incentive/reason to game the system by creating “fictitious” non-exchange wallets to circumvent the voting restriction. Maybe no DeX Tx fees and charge a little higher wallet-to-wallet Tx fee? Maybe we could incentivize their registered wallet with some “dividends” from the fee pool also??
A registered wallet for “Point-of-Sale” --- would allow them to vote at full 1:1 ratio since these wallets will more than likely not have a “large” quantity of user’s funds in them as activity of this wallet would really only take advantage of our quick 3sec user-to-user transfer time and not necessarily holding customer funds for long periods of time. This wallet could also include sub account creation (up to 50?) to fit their business needs for BitShares integration, like the exchange wallet. The incentive of this registered wallet would be to have NO wallet-to-wallet Tx fees and below normal DeX Tx fees. There really should be no need to incentivize this style wallet other than no Tx transfer fees.
A registered wallet for “Standard Users”--- this wallet would stay the same as what we have available today in our current wallet (obviously 1:1 voting). I personally would like to see a “Lite” and “Advanced” option within the BitShares default wallet and have it default to open in “Lite” view (or an option to choose default). Obviously this is GUI related but, would like to see this ability in our main wallet none the less.
I feel having this discussion regarding different wallet structures is very important and needed. We, as a community cannot keep going through these major conundrums. It not only hurts community moral but also businesses looking to adopt Bitshares technology.
BitShares is not structured as a One-Size-Fits all, so please let’s make some sensible changes that won’t financially hurt each other and beneficial to all.
My 2BTS
