Quote from: inBitweTrust on October 21, 2014, 07:56:56 PM

Quote from: nomoreheroes7 on October 21, 2014, 07:49:01 PM

BitShares isn't a currency, it's a company.

I understand Bitshares is a DAC and never claimed otherwise(You are combining 2 sentences).

I was referring to the fact that I was told multiple times that BTSX is the first true deflationary currency as the IPO willed into existence an initial 1,999,883,512 tokens that would never be increased unlike with the allocation of other crypto-currencies. It now appears that there are plans to increase these tokens to 2.5 Billion shares or coins or whatever you wish to call them for the sake of clarity, marketing , and cash infusion for devs.

Quote from: nomoreheroes7 on October 21, 2014, 07:49:01 PM

The price has risen today based on near-finalization of the merger plans, so I don't think your FUD attempt will work...

There are good things and bad things about this maneuver. I do believe that clarification is certainly a good thing for bitshares as the whole AGS/PTS/BTSX/BitUSD and all the assets was entirely overly complicated mess.... but there are bad things as well. What do you think about the negatives?

The capital infusion is based on consensus vote so majority of shareholders would have to agree that the new DAC would be profitable and thus it would get funded... so the idea is that many new ideas would only be implemented if profitable as consensus and thus supply is controlled by ongoing series of votes for profitable features/technologies.... which bitcoin doesn't have... it falls within the current mindset of the economy that you raise funds to pay for new ideas... and it is scalable.. something other coins with fixed supply can't do. In the end the extra supply would be justified by profits.

Many antogonists of bitcoin used as a currency have a problem with the supply... and they say the perfect currency is one which ties supply to growth or gdp... and this would essentially be the best solution to that problem IMO... we vote for something that would help us grow, and supply would scale automatically to that growth.