There aren't any funds in the SPS, there are only tokens. Turning them into funds requires selling them.
I'd like to see a proposal to burn a big chunk of the SPS; to support the price of the token; ultimately getting to the point where witness earnings are sufficient to fund development.
You mentioned there's a lot of crossover between devs and witnesses, so why do we need two holes in the bucket?
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"There aren't any funds in the SPS, there are only tokens." tokens which have value, thus funds. It's not because it's magic internet money that it's not money.
There is actually already a burn proposal to vote reduce inflation, feel free to vote on it.
Imo, The idea of the sps is to allow anyone to contribute, let's say I want to champion a proposal where we hire a marketing company, I'm never gonna get the funds to do that via witness rewards, and it's pointless to grind the witness ladder for so long (took me about two years to reach top 20). Just to barely get enough rewards. And witnesses get rewarded in hive power so it's not like those funds are instantly available either.
You also mention "hole in the bucket", as if money just gets lost, it's not. Think of it as an investment, The whole community gets a lot of value out of @anyx's nodes for instance.
Is there any way to make an open proposal? As a non-developer, I'm not sure how much funding an effort may require.