Decentralization is the way!
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Oh yes, it is
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However, I'd rather see it working 100% before going in with it!
Sure.
The classic question: more risk for more gain or less risk for less gain?
Buying BKS at the moment is for sure investing money in a startup.
It might fail (and there are many ways in which it could fail...) and a total loss would be a likely consequence.
But if it succeeds, the results could be overwhelming.
What should always be regarded when investing money (in whatever):
don't invest more than you can afford to lose!I've learned some lessons and regard the statement above as well as this one: don't invest less than you can afford not to gain
Finding the balance between two extremes (invest all / invest nothing) could be a viable way.
I'm not aware of the development roadmap, but I can imagine that "motion votes" will be introduced quite early. This is a field-tested
1 way to form consensus on decisions that need to be made.
Motion votes are a continuous process. Whenever a block gets minted, a vote is cast
2.
Once a majority of shareholders (=minted blocks in a rolling window of blocks) is in favour of the motion, it is considered passed and the decision or action that was content of the motion is made or started, respectively.
It might remind you of stockholders' meetings in the real world. But while they normally elect delegates and can only do that once in a while, the "stockholders' meeting" at B&C Exchange will be ongoing and without the need for delegates.
Now comes the thing: obviously you need BKS to be able to mint blocks and to be able to vote; you need a financial stake in the system to be allowed for determining its way.
Why am I writing all this?
I want to help you finding milestones after which investing money (only as much as you can afford to lose!) in B&C Exchange might be far more convenient than it is now.
Once the blockchain is promoted from release candidate to production and is able to handle motion votes, it already will be in a good shape. Tiny little add-ons like all that exchange related stuff will follow
...but most importantly: once its in production state and handles motions, you are in full financial control: you can sell the BKS or you can take a part in shaping the business
3.
If you doubt the power of motions, visit
https://docs.nubits.com/history/ and have a look at how drastically Nu was (re)formed by the will of the shareholders!
The shareholders are in full control to the extend that they can vote on stopping the distribution of BKS at a certain point or adjust the price or whatever seems appropriate.
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1 Nu uses that since its start very successfully and as you should be aware, B&C Exchange is a fork of Nu, being thought of by the same lead developer and being created by the same team that created Nu - which is still (after close to one year on the market) offering a stable pegged crypto currency.
2 Votes are only cast if configured; there are times without motions, so there's not always need to have a vote configured. If you don't want to follow the development closely at some point of time, you can register a feed of somebody who - by the track record - tends to vote in your favour. Registering a feed makes the minting client inherit the settings from the feed provider. De-registering the feed gives instantly the control back to you. This is close to electing delegates in a "traditional" stockholders' meeting. The difference is: there's no election period by registering a feed. It is effective only as long as it's registered.
3 I was wondering whether that Nu thing with the peg could work. It did so far. It did so very successfully. Do I know whether B&C Exchange will work? Hell, no! But it's not like this team has not made impressive stuff!
