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RE: Steem Budget Proposals Whitepaper!

in #steem6 years ago

It is hard but not impossible. If steemit inc., witnesses and whales do not respond then why not. Distribution is still a very controversial issue even the air drop, ninja mining, ICOs or forking what-so-ever.

Another idea would be similar to design an SMT based ICO (e.g. similar to @stackin idea) with backing from few top users (witnesses, whales, developers) to make a financial model to generate $200K a month for budget purpose. May be start with $20K. "Be the change you want to see in the world"

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I agree that distribution can be very controversial but I never hear people complaining about Monero distribution or even Litecoin for that matter which had a small premine.

That is a good idea to have a small group together to fund some of the stuff but again it would be a lot of people committing capital to it that they could use to increase their holdings. It might pay off in the long run but there is always that worry that it won't for people.

Between the Steemit and Steemit2 accounts there is like $73 Million Dollars and I'm sure they have a lot more accounts. Also the founders have a lot of personal accounts worth a lot of money. But let's just Focus on the Steemit account.

A million dollars would go a hell of a long way to help 3rd party development, marketing, community building.......etc. It would be a small fraction of their holdings and could propel this platform a long ways.

https://steemit.com/@steemit/transfers

But some would say we shouldn't expect anything from them and shouldn't expect them to give up their money. But the fact of the matter is most tech startups give a way a service for free and ride on venture capital for years not being profitable. Steemit has been wildly successful as far as startups go. Huge profitability and the founders have made mad cash.
The platform is pretty cool and will always survive. But we still need STEEMIT INC for it to Thrive

Yes, I agree that their model of distribution is like startup. They may have more than 100 millions of STEEM and they will be the most benefited ones from the proposal. The problem is the funding comes from major changes in blockchain (witness compensation and interest) which can face resistance. Another model of funding is directly from STEEMIT INC (77M SP) or interest from that SP.

It is easier for them to do airdrops of STEEM Power or liquid STEEM to these proposals and actually issuing SBD which is a debt against STEEM might be an option. The system can probably support more debt than it has now consider the SBD held up when STEEM fell to $0.07