That's what the witnesses are for
No it isn't. The role of witnesses is to sign blocks and keep the blockchain secure, control witness variables (such as price feed and now the budget for subsidized accounts), and vote on hard forks. Anything else that witnesses do, especially if expensive, undermines security by reducing the cost of getting voted out (if you spend much or all of your witness rewards to get votes and/or doing things that witnesses are "supposed" to do then there is no economic reason at all to care about getting voted out).
Development is a community responsibility. Steemit has largely taken that on by virtue of having launched the chain in a manner that gave them a dominant portion of the stake, the most funding, and the largest incentive to develop. Still it is absolutely positive if others contribute to development, not just (or even especially) witnesses.
I do think that people who want to fund development using rewards should show evidence of the value add and get widespread support, not just rely on self-voting. (And conversely, rewards being paid out without evidence of value add are fair game for downvoting, self-votes or otherwise.)
Ehhh, with all due respect,
There are only individuals (private) that have stake. There is no steemit inc. with a stake. Because if that was the case, steem would be a security.
#justsaying
With the new HF20 you can edit your posts as many times as you want.
Regards,
PS: Good work, keeping that SBD Debt Ratio in check!!!
This is incorrect. The steemit, steem, steemit1, steemit2, accounts (and probably others I'm not thinking of at the moment) are owned by Steemit Inc. Some of the ninja-mined stake also went into individual founder accounts, but not most it. Whether it is a security or not is a question for lawyers and/or courts, I guess.
And that is the plan.
Another Hard Fork? The Bernie Sanders Social Network?
If you are supporting valuable development that is excellent. Please let us know what you are doing so we can vote for it.