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RE: Our Plan to Give Away 3,000 STEEM: Criteria x Capacity = Cultural Capital

in #philanthropy6 years ago

I'm excited to see how the organizations respond to our offer. We have our own criteria, but as you noted, they'll need to be wiling to accept Steem, not $. In other words, they need to be willing to work with us as much as we're willing to work with them. Even though we can only fund one organization, hopefully most will be intrigued enough by our offer to look further into the world of blockchain.

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As I say above: we're especially keen on not only funding the "best" project, as defined by our criteria, but the one that will continue to leverage STEEM and the power of Steemit. I don't expect that it'll be easy, but we're trying to craft an incentive package. What do you (or others) think such a package would need - to be
effective?

There is none. If an organization doesn't have the interest, time or capacity to participate, then that's that. If we're not looking for the most impactful, worthwhile or civically-minded project and only for one that will conform to this notion that cryptocurrency is the way forward, then we should just eliminate those projects up front and narrow our list even more. Further, some of these proposed projects (including mine) could not possibly work given our limited STEEM offer and how tenuous/changeable the STEEM market itself is.

3,000 STEEM is currently worth about $6,500. That amount is nothing to sneeze at! And if the market changes, the USD could well be worth less, or possibly twice that amount. Why eliminate good ideas and a possible partnership before proposing to the organization we've been considering? Let's let them make the choice! If we cannot find a willing partner to continue to work on the Steemit platform, well, then we'll have no choice but to support their cashing out and applying the resources to their mission.