I still have reservations about BEOS, primarily due to the favorable attitudes I've read concerning regulatory compliance by members of the BEOS team. I have much respect for Stan, OnceUponaTime , MichaelX and Dan Notestein, but I also see their track record of mistakes. We' all have one, we're all only human, and mistakes can't be eliminated. However, when mistakes become a pattern and ignored, aren't seen as a lesson to learn from, something must be done to raise awareness to a higher level, to stop the cycle.
For the record I have not participated in the BEOS rainfall. I am on the fence about it and I would hate to succumb to manipulation or bribery. It is very difficult to know the actual agenda of all the players, especially those behind the scenes, so abstaining is the best way I know to avoid that.
The main question is, is the BEOS voting power being used to restore the original disruptive, decentralized vision that BitShares was created for, or to dominate and control stakeholders towards a legally regulated, personal freedom limiting ecosystem the uninformed masses will accept? Is this a slippery slope towards incremental control, or the restoration of Austrian / free market economic principles that provide an ecosystem with integrity, accountability and promote personal financial freedom?
One question you need to ask yourself, if you don't want to see kyc and increasing regulator influence on BitShares, is whether the BTS held by those in control of BEOS deposits was intended from the start to be used to do more than facilitate the integration of BitShares and EOS, or, whether such integration requires kyc and fundamental regulatory changes to BitShares. If you don't care about that, feel free to put your head back in the sand and pay no attention to this question. If you do care I urge you to choose your course of action wisely.
I have observed the centralization of control through voting proxies, which was established to address the problem of voter apathy. It did solve the problem of apathy that paralyzed development and growth, but at the expense as time went on of centralizing control. I was not happy with the changes imposed on BPs wrt price feeds. BSIP42 was a disaster in my mind, particularly in how it was thrust into production, and without any type of report or written conclusion to summarize the results of those "experiments". We now see a downward pressure on MCR from 175% down to 160%, rather than holding individuals personally responsible for their own collateral management. The global MCR value for an asset should be set with investor's safety, not profit as it's primary criteria. I see the influence of Keynesian economic advocates and if those are allowed to prevail we will end up with the same "brink of disaster" situation as mainstream financial markets are experiencing right now.
Perhaps we need more centralized planning to restore the vision and replace the Keynesian perspective with the superior Austrian approach. Ofc if that is to be done the centralized control must be trustworthy and be committed to doing that. I myself have more trust in those I specifically mentioned above, than I do with bitcrab and those who defer to his proxy.That's not to say I totally trust them, b/c of the regulatory attitudes they have expressed, especially wrt kyc policies.
Whichever way you decide, the choice is currently yours to make. Choose wisely.
I can assure you that we have NO intention to change or centralize BitShares in any way. Never KYC on BitShares. That's its key strength. We don't even have KYC to hold BEOS, although we do plan to have some assets that are compliant with the jurisdictions in which they need to operate. We are much more likely to put BEOS into international jurisdictions where users are free from regulatory overreach. That's our biggest added value and its highly complementary to BitShares. BEOS is designed to layer on top of BitShares and add value to it while allowing folks who don't want that value to continue using BitShares as it is.
So come over and get some BEOS while you still can, we've only given half of them away so far.
BEOS RAINDROP
- Powered by Blocktivity.info -
BEOS.COLD = 353,461,502 BTS
BEOS.GATEWAY = 8,751,761 BTS
TOTAL = 362,213,263 BTS
Which is 13.33 % of the total BTS supply
The raindrop would give you 7.5 BEOS/BTS
The average since beginning is 8.62 BEOS/BTS
Raindrop time consumed : 43/89 days
Raindrop time consumed : 48.31 %
Topic: Bitshares at the cross roads (Read 24086 times)
