What options are there to distribute dividends with other currencies (say maybe Nubits or something like Grantcoin) while still retaining the network effects? Or will this require a fork, with all the associated dilution.
The dividend distribution is coded in the client, but a software fork to support additional currencies doesn't lead to dilution; it would merely be a new client release with a new feature.
As far as I understand the dividend addresses (public keys) get derived from the BKS private keys.
At a snapshot date, a distribution to the dividend addresses takes place.
Introducing additional/alternative dividend types isn't even a protocol update - you just need a client to distribute dividends and a client to generate the dividend addresses.
There also seems to be a risk of financial engineering a 'short' outside the BKS/BKC/etc system in which it becomes profitable to acquire, and then vote against the self-interest of the acquired crypto asset. It is either this, or a lack of patience that seems to be resulting in the long time it's taking to get enough clients upgraded (and voting for) the 4.0 protocol.
While this risk is theoretically exisiting, I have a hard time seeing a relation between it and the upgrading apathy.
BKC don't exist. Not a single one has been created so far,
There's currently only one place that trades BKS: CCEDK (
BTC and
US-NBT pair; almost no orders an no volume at the BTC pair, some orders and a little volume at the US-NBT pair).
There's no place with leveraged trading or put options - at least not to my knowledge.
So how can this be a real risk now?
I think it's a lack of responsibility that made people start their client to mint blocks without paying attention to the development.
The slow development over some months might have made them think that it's not important to pay attention.
That's wrong!
Without a protocol update to 4.0 (blocks minted by client versions 4.0.0 and 4.0.1), there's no reputed signer voting, no asset voting, etc.
Trading can't start without switching to 4.0!
People who continue to mint protocol 2.0 blocks (e.g. client release 3.0.2) essentially vote against activating exchange functions at B&C Exchange.
Whuaaaaat?