Convenient Bugs Together With Arbitrary Features
As amongst whatever software out there, Bitcoin too related cryptocurrency systems occasionally larn bugs too alter about features of the network. That's to hold upward expected - ane needs to conform to the changing globe or the software volition move yesteryear away useless, peculiarly so when we're talking close moving money around. However, inwards the recent times I've noticed a few 
What exercise I hateful yesteryear convenient bugs? Generally, a põrnikas is an unexpected way a slice of software behaves. Most often, it's an undesirable demeanor for the users - if it was desirable, it would hold upward turned into a feature. However, what if a põrnikas for the users tin privy hold upward seen every bit a potential characteristic for the developers or investors? That's what I would telephone band a "convenient bug" - an fault inwards the code that you lot don't desire to ready too rapidly since it unexpectedly rewards you lot for non fixing it.
Ripple fee spike
About ii months agone some people reported a abrupt spike inwards the load on the Ripple network. In turn, that spike caused the fees enforced yesteryear the network to go upward yesteryear a element of 1000. This agency that a fee that used to hold upward negligibly little all of a abrupt started creeping to the score of a penny per transaction.
While that mightiness seem similar much, continue inwards heed that dissimilar Bitcoin, the fees are non transferred to the miners, every bit Ripple has none of those, but are instead burned. As such, the amount of XRPs inwards the organization decreases inwards theory enriching everyone that holds XRPs. Since Ripple Labs holds most of the XRPs, they earn the most for this fee beingness left at a high level. As such, this convenient põrnikas creates an interesting incentive for the developers to label it every bit "minor" too non ready it for awhile, conveniently earning them to a greater extent than too to a greater extent than money.
While the amount is little for instantly too I incertitude the developers are this greedy for about pennies, about other organization mightiness run across a similar põrnikas inwards the futurity too the incentive mightiness hold upward greater to only allow the põrnikas rest for awhile...
Counterwallet BTC trading
On the Counterparty network, ane tin privy number whatever property too merchandise it for either XCP or BTC. Since BTC has a longer runway tape than XCP too has to a greater extent than established value, the green number applies - Crypto 2.0s dealing amongst issues that could hold upward an interesting study into the incentives of their developers.
Keep inwards mind, I volition hold upward speculating a fleck inwards this post. It tin privy hold upward safely assumed that unless in that place is prove to the contrary, the diverse evolution teams bring everyone's best intentions inwards heed when working on their software too every bit such whatever perceived malice is entirely inwards the oculus of the beholder. Similarly, since software evolution is essentially using finite human resources to field upward seemingly interplanetary space amount of bugs, in that place are priorities for what needs to larn fixed when.
With all that inwards mind, lets hash out about convenient bugs too arbitrary features.
Convenient Bugs
What exercise I hateful yesteryear convenient bugs? Generally, a põrnikas is an unexpected way a slice of software behaves. Most often, it's an undesirable demeanor for the users - if it was desirable, it would hold upward turned into a feature. However, what if a põrnikas for the users tin privy hold upward seen every bit a potential characteristic for the developers or investors? That's what I would telephone band a "convenient bug" - an fault inwards the code that you lot don't desire to ready too rapidly since it unexpectedly rewards you lot for non fixing it.
Ripple fee spike
About ii months agone some people reported a abrupt spike inwards the load on the Ripple network. In turn, that spike caused the fees enforced yesteryear the network to go upward yesteryear a element of 1000. This agency that a fee that used to hold upward negligibly little all of a abrupt started creeping to the score of a penny per transaction.
While that mightiness seem similar much, continue inwards heed that dissimilar Bitcoin, the fees are non transferred to the miners, every bit Ripple has none of those, but are instead burned. As such, the amount of XRPs inwards the organization decreases inwards theory enriching everyone that holds XRPs. Since Ripple Labs holds most of the XRPs, they earn the most for this fee beingness left at a high level. As such, this convenient põrnikas creates an interesting incentive for the developers to label it every bit "minor" too non ready it for awhile, conveniently earning them to a greater extent than too to a greater extent than money.
While the amount is little for instantly too I incertitude the developers are this greedy for about pennies, about other organization mightiness run across a similar põrnikas inwards the futurity too the incentive mightiness hold upward greater to only allow the põrnikas rest for awhile...
Counterwallet BTC trading
On the Counterparty network, ane tin privy number whatever property too merchandise it for either XCP or BTC. Since BTC has a longer runway tape than XCP too has to a greater extent than established value, the green number applies - why would you lot desire to usage about other token if you lot tin privy usage Bitcoin? While the network does privy about XCPs to exercise assets, in that place doesn't appear to hold upward much usage for the tokens over Bitcoin inwards the network. Well, at to the lowest degree until Nov that is...
At the moment, Counterwallet is the entirely Counterparty wallet, at to the lowest degree to my knowledge. In November, the wallet developers addressed about number amongst the wallet having problems using BTC to merchandise assets on the network and removed the functionality. As such, it became impossible for people to merchandise Counterparty assets for anything also XCP.
While the reasoning behind the scrapping of the characteristic is fairly reasonable - technical limitations from the Bitcoin network too so on, about people looking for a conspiracy could watch this every bit a movement to forcefulness people to usage XCPs too thence increase their value for the holders.
Arbitrary features
While convenient bugs come upward from the software non working every bit initially intended, arbitrary features are deliberate changes made to the software to accomplish novel too sometimes undesirable functionality.
Mastercoin fee structure
For awhile instantly I wondered what usage are mastercoins on the Mastercoin network? Early on Mastercoin didn't bring much of fee construction too every bit I was told you could merchandise whatever token for whatever token on the network every bit well, thence in that place was no involve for MSCs to actually exist. Well, at to the lowest degree until June of this year.
Almost a yr afterwards Mastercoin was launched, the developers introduced a novel fee into the system - a fee for fundraising. While that's understandable way to preclude network abuse, the shape it took actually stood out to me every bit greedy. While on Counterparty ane is charged a fixed amount of XCP for property creation, Mastercoin instead used a percent fee. 0.3% of money raised would hold upward converted to mastercoins too so burned yesteryear the network.
This arbitrary fee essentially became a way for people that concord mastercoins to monetize their investments. Since in that place would hold upward a constant buying pressure level from novel assets beingness created on the network too no downward pressure level from whatever novel MSCs beingness created, the tokens are outflow to increase inwards value over time.
While the previously listed bugs could hold upward explained yesteryear the network or software behaving unexpectedly, I am nevertheless to take heed a expert reasoning for why this arbitrary characteristic was introduced to Mastercoin.
Conclusion
In conclusion, in that place are many factors that may influence how a decentralized fiscal organization is developed. While ane tin privy promise that most developers volition exercise their best to represent the bulk of the network too human face out for their best interest, in that place mightiness hold upward about that would hold upward catering to a minority that holds plenty money to sway about interests...
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