Post
Topic
Board Altcoin Discussion
Re: BitShares (wth?!)
by
ThomasVeil
on 30/11/2014, 12:13:17 UTC
I don't quite follow what you are trying to conclude

Bitcoin: Trustless
Bitshares: Respect based

Bitcoin: Conservative development. Decisions based on research
Bitshares: Decisions based on idolizing founders

Bitcoin: Following an ideology
Bitshares: Following profit

Bitcoin: Market cap and inflation predictable for hundreds of years.
Bitshares: Market cap and inflation redecided every couple of months.

Bitcoin: Protocol
Bitshares: Corporation

I'm not saying Bitcoin is perfect - I'm in the alt-section after all. And I'm aware that alts can't always afford the same procedures. But we should thoroughly think about before we throw away key ideas.
Short term rational reasons are not the only thing decisions (i.e. inflating the cap) should be based on. We have to consider if setting such precedent isn't destroying the basis for promoting cryptocurrrencies.

That includes speculators: If they support for example Ripple by buying their coins, then we just might as well promote shares of Bank of America.


Quote
The founders..., 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?