You are viewing a single comment's thread from:

RE: 3 Month Retrospective

in #steemit5 years ago (edited)

This is a bit unrelated, but: Would Steemit, Inc. consider a larger donation (e.g. several million STEEM, not just 200k) to the upcoming Steem Proposal System? The advantages of doing this seem quite big to me:

  • No need to code changes that will redirect some of the inflation to the worker fund. This change can be done at some later stage. Save the developer time for other high-priority things now.
  • Changes to the platform will happen faster. As you probably understand quite well, time is of the essence, otherwise the risks of STEEM continuing to sink on CoinMarketCap and the community diminishing in size become greater and greater. With faster development of the platform, the STEEM price should rise, leaving Steemit, Inc. with more than it had before its donation. The alternative seems quite risky: the company holds all its STEEM but the price continues to decline. How is this risk justified? And again, faster development of the platform will help make Steemit, Inc.'s holdings greater in terms of US dollars.
  • Steemit, Inc. holding less STEEM means better distribution. The centralization of so much STEEM in the hands of one company is a major problem currently, and Steemit, Inc. has been expressing its desire to decentralize its stake and contribute it to the platform's development (as described in the Steemit 2017 Roadmap, page 21). A donation to the worker fund will be in perfect alignment with the intention expressed in the 2017 Roadmap - use the stake to develop and promote the platform. Only this time it will be the community doing the work, rather than Steemit, Inc. having to do it all, which takes sooo much longer than multiple parties working simultaneously.

Please provide a response to this. Thank you.