I think we need a community based structure to handle blockchain development, promotion and venture building and a foundation to protect the steem project in the real world.
This is important as it means we are creating structures that give the steem blockchain some redundancy should steemit Inc fail or become ineffective.
If that happens to be a DAC or some other structure, I don't mind
RIGHT...
But WHO do you Want to OWN 51%?
@ned ?
Not so much...
I would suggest it runs like any other dapp, but rather than providing a platform for content, it could be a platform for voting and deciding which improvements to the blockchain to fund. A bit like Utopian, but for the steem blockchains development.
Ownership would depend on who puts up the stake to reward the developers. If in doubt, go for the golden rule, he who has the gold, makes the rules.