Good point about needing to carefully manage all that money in the DAO. It is currently growing at a rate that would make a lot of local councils or NGOs feel overwhelmed. I cannot personally see us ever use all this money responsibility and widmsh to see some of the additional stuff burned. The amount of Hive % destined for blockchain admin and development has never been so high and I'm concerned it won't benefit your average small investor. We need more value, people using hive, more distribution, and less concentrated power at the top.....continually.
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I fully agree with that. What I'm really hoping for is that the DAO will not become a point of such contention that we need to fork again.
If hive went uo 10x in 6 months because of an epic altcoin rally, or some massive influx of demand due to good publicity, that dao $$$ and the amount witnesses make would be worth enough for companies to take serious interest.
Whem I watch what the Koreans did with proxy.token, I start to get nervous. A couple of whales, developers, witnesses and a few influencers teaming up could get a staggering amount of influence over community funds.
You're right. Maybe the safest option would be to burn most if not all of it. Then the 10% portion of the total inflation going to the DAO would be more valuable.
Yep. A 3rd idea is turn off that 10% until the steemit stuff is used up. It was funded from content creation portion and they hardly need it right now.
True.