It think it will hurt the whole ecosystem. If there are no ideals of crypto then why should average people start to care?
The founders, who are all highly respected and speak at many conferences....
That was true for Bernie Madorff for about 40 years. Which is simply to say that this is no guarantee. Exactly what Crypto was supposed to fix.
..., can not exactly just "change" the system at will.
How is it prevented? They did stop the BitAsset markets before and changed the pegging system.
They will not be able to do this once the USD price slips again?
You speak of ideals yet the BitShares folks have been some of the most honest, open, and up front people in this crypto space!
They have been quite
inconsistent from the start.
The system is run by delegates thus just like mining they would have to upgrade to the version with differences. Check out the summary again at
http://bitshares.org/bitshares-reloaded/ and it will start to make sense why they went this merger route.
You're avoiding my Litecoin example - giving Litecoiners some arbitrary numbers of Bitcoins and then adding those to the bitcoin cap might also make sense. Litecoiners might even agree as it would stop their bleeding. That's still pretty clearly a bad thing to do.
Caps are supposed to stay stable - else I can have no trust that in 3 months there will not be another big inflation - because the devs are respected and enough delegates profit.
If voted officials and corporations can do these kind of acts, then we can just stick to the current banking system.