@tomjoad, I admire your persistence in pursuing this, in your eyes risk on dilution for Shareholders. I have difficulties to believe that existing Shareholders or new Shareholders are not buying shares just for this reason. I think the reason that the NuBits network doesn’t boom as some might have expected, but just steadily gets hold on the ground, is a far more likely reason that investments are relatively low. By now the Shareholders looking for a quick buck or illusive dividends have probably left and their shares likely have been absorbed by Shareholders who are there for the long game.
Another argument against your artificial restriction is that protectionist measures like Shareholders protecting themselves against bad decisions and the resulting dilutions, generally allow and encourage bad behaviour and tends to short term all or nothing decisions by those who are subject to it. To me that devalues my shares as the risks of such behaviour increases when those limits are hit. I rather choose to have a slow dilution with reasons than a sudden large devaluation when it comes to it.
As Nagalim indicates there are already motions in place with caps to a dilution of just 25m which doesn’t even allow for the almost 200m NSR dilutions you are proposing. To raise those caps we will need consensus of all Shareholders which are not likely to happen unless bad decisions have been made (in hindsight) and Shareholders want to correct them and not leaving the US-NBT owners in the dark.
Shareholdership comes with risks, potentially high risks with our young network. As I have said before trying to walk away from responsibilities and accountabilities beyond some artificial limit looks bad and I believe will have a negative PR effect on the network likely resulting in less US-NBT sales and even less demand of NuShares.
I’m sure myself and some others are more than happy to buy chunks of your shares if you think you can’t afford the risks, prefer to invest in “safe” real world assets or maybe prefer to make a quick buck somewhere else.
I think it is far more important to focus energy in increasing the demand for NuBits and be prudent with expenses. This is far more likely going to eventually result in an increase in demand of Shares than anything else artificial as limiting Shares supply. I will propose further investments in NuDroid soon, just to make some steps in that direction, but I, and for sure others are desperately looking for other initiatives to support an increase in NuBits demand. I sincerely hope that we will have you aboard in that quest.
