You could actually do this by releasing the budget as Steem Power instead of Steem, which already has time locks on conversion.
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You could actually do this by releasing the budget as Steem Power instead of Steem, which already has time locks on conversion.
Yes, there are many possibilities... maybe even implementing a voting structure so if the project is not meeting objectives/goals outlined in the proposal the voters could determine that no further funds will be awarded to this project... etc... This way the project does not actually get all the funding it was awarded unless it meets the goals of the proposal. A setup like that would reduce the cost of projects that seem like they will not succeed due to various circumstances.
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Another clever idea! You are on a roll, sir.
Wouldn't having it temporarily locked in Steem Power make it hard to use for accepted proposals' expenses? I guess some project might need major preliminary spending.