Why on earth should a decentralized exchange bail out a centralized exchange? Perhaps if they had immediately owned up to the loss of account access 10 months ago, but if this is a reality and they have been operating a fractional reserve instead then they shouldn't be bailed out. Considering Poloniex is a minor exchange for BTS, they shouldn't get special treatment.
They aught to buy the 290M BTS on competitor exchanges, helping drive the price of BTS up.
Or are you proposing to fork to reclaim the ownership permissions? How would consensus on this be reached? Couldn't witnesses/committee/BTS-Holders reject the proposal?
Yeah, people are complaining about finding it difficult to get worker proposals approved (not that it's impossible) and here we're talking about bailing poloniex out by 290M BTS (It is going to take some Serious campaigning to push such an agenda, lol!)
Why on earth should a decentralized exchange bail out a centralized exchange? Perhaps if they had immediately owned up to the loss of account access 10 months ago, but if this is a reality and they have been operating a fractional reserve instead then they shouldn't be bailed out. Considering Poloniex is a minor exchange for BTS, they shouldn't get special treatment.
They aught to buy the 290M BTS on competitor exchanges, helping drive the price of BTS up.
Or are you proposing to fork to reclaim the ownership permissions? How would consensus on this be reached? Couldn't witnesses/committee/BTS-Holders reject the proposal?
Most likely not, no.
Yeah, people are complaining about finding it difficult to get worker proposals approved (not that it's impossible) and here we're talking about bailing poloniex out by 290M BTS (It is going to take some Serious campaigning to push such an agenda, lol!)
Polo either buybacks and gets most likely hammered by SEC, or they don't and get 100% hammered by SEC
Poloniex should buy back BTS from Bitshares DEX and then pay back BTS Holders in Poloniex.