Absolutely, and I appreciate that this solution does not fix the steemit inc stake problem easily, however the same proposal system could be used to autonomously delegate steem to projects from steemit inc's stake. This would ensure a decentralised decision process as well as allow the steemit inc stake to be distributed / diluted over time, while making it difficult for authorities to demonstrate that there is a central group of people treating the coin as a security. So as long as Steemit inc put some process in place to show that they don't or can't decide where the money goes, and that there is a wider community decision where an autonomous system, that they / no central party controls, I am sure (but not certain) that it would be difficult, (maybe impossible) to prove that steemit inc or anyone is treating steem as a security
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