Post
Topic
Board Altcoin Discussion
Re: Communist Bitshares Wealth Redistribution IS THEFT!
by
DecentralizeEconomics
on 07/01/2015, 10:39:48 UTC
It's a company/currency hybrid for me. My personal preference from a pure currency POV is a no dilution defined currency like NXT. I don't hold NXT though because it's not very competitive.

For me the reason most alts are stagnant and 1/100 of BTC or less is because they have very limited development, usually down to 1/2 people. They can't hire by consensus.

The BitShares blockchain can hire the best development talent, pay for marketing and grow infrastructure all in a decentralised way by stakeholder consensus. I have more voting power and it's more decentralised than POW pools. I can vote out a Ghash.io.  Is DPOS more decentralised than POS?
I think that's what Daniel's latest blog post is about so I'll defer to that.

If NXT is happy with their system, great. I just don't think you can compete on development, marketing or infrastructure with a blockchain that can hire talent by consensus and you're going to really the see the gap widen at a rapid pace these next few months.

If anyone thinks they can add value to BitShares you can make a delegate proposal and get hired by the blockchain... Check it out - https://bitsharestalk.org/index.php?board=61.0

Daniel's "theory" that all systems centralize at scale due to cost and therefore, we should design centralization into them is flawed.  This "theory" was debunked over on NXT's forum.

So basically you're saying that you're willing to sell your ideology, belief system and the original intent of the cryptocurrency movement, decentralization, down the river in the hopes of making a profit off a system that is designed to centralize.