Yet another industry-first
The BitShares Blockchain Foundation approaches the BitShares token holders to approve us (a Dutch non-profit foundation) to become public spokesperson of its decentralized and distributed ecosystem.
In our opinion, this will grow confidence in the platform and allow new businesses to approach a legal entity for consultation. This will also enable the BitShares platform to approach businesses directly that are under the scrutiny of regulatory and compliance bodies.
From the Proposal:
The strength of BitShares is that of its technical superiority, but by nature of its decentralized and autonomous community organization all the rest is not continuously attended unlike in most other platforms. Over the last week, this created a major problem for our community.
In a decentralized ecosystem, we are not looking for leaders or owners, but we are looking for leadership.
The strength of BitShares is that of technical superiority, and distributed governance, but by nature of its decentralized and autonomous community organization all the rest is not continuously attended unlike in most other platforms. In some areas now with very undesirable effects. There is no one following a bigger picture, not business development, public relations, or even marketing. This needs to change.
Our team is based throughout Europe and has two bodies in the shape of Foundations:
- BitShares Foundation, that deals with eduction sessions on request and Escrow services and
- BitShares Blockchain Foundation, that deals with processing worker proposals and technical aspects of the platform, as well as keeping in touch with broader community.
In order to grow strength and gain sufficient traction several things need to change. All we need in order to do so is the support of the BitShares holders.
Another new proposal tries to fund ongoing efforts to ensure compliance of the BitShares platform. Conversations with regulators and compliance officers revealed some obstacles that stand in the way of becoming a compliant asset, and platform. The company Blockchain Projects BV offered to tackle those and smoothen the way for greater adoption.
From the Proposal:
As many already know, there was an announcement made by a major exchange partner to de-list BTS from their books. This resulted in a loss of $100 Mio. in BitShares valuation. In combination with market pegged assets, this resulted in unpleasant and unforeseeably consequences for many BitShares users.
The de-listing indicates a trend in view of recent activity by the SEC and other regulators and governments worldwide that will only increase as the whole blockchain space matures. A trend towards BitShares that is a strong signal to adapt to new conditions that rapidly close in on the platform.