Post
Topic
Board Altcoin Discussion
Re: More BitShares greed.
by
DecentralizeEconomics
on 06/01/2015, 07:22:41 UTC
Of course.  BitShares is a company!  If the owning stakeholders think that will make them more profitable and grow faster, why can't a company decide to do that?  

In the short term, while shares are worth pennies

Remember, BitShares is a company, not a currency.  It is a unmanned, decentralized company that produces and trades interest-paying "smart currencies" as its product.  So judge it by whether it is a good idea and implementation for a company, not a currency.  Then you can get past all the accepted rules that (may or may not) apply to future currencies and see clearly what the investment opportunity truly is here.

As per your own words, since "Bitshares is a company, not a currency", I can only assume Bitshares are a form of equity.  This fact should be most unsettling to any Bitshares' holders who believe the Bitshares' platform is dependent on I3's continued development.  It is my guess that Bitshares, the company, is in violation of numerous US securities laws.

In fact, by the time BitShares reaches Bitcoin's market cap, each delegate will be one of 101 small businesses, selected by the stakeholders, each using a revenue stream of several million dollars apiece to grow the ecosystem.  Powerful stuff to look forward to!

This seems like some type of poorly designed Communist ploy to provide subsidies to businesses paid for by the stakeholders.