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RE: How to delegate your SP to another account using SteemWorld
Thanks for taking the time to explain this. I appreciate it. I had no idea how it worked. I thought literal funds were cut (out of a fund, out of Steemit's fund).
So where do the funds come from? Do they come from post rewards?
Or, is there a DAO fund being drawn from? Who holds it?
Oh, I agree, it is very centralized, the way it currently sits. The actual community has virtually no say.
I hope Justin's intentions were to temporarily put everything on hold while the smoke clears, and not a permanent action. He talked about giving rights to the community, I hope he will follow through.
I think the real question here is, how does one give the power back to the people? Can it be done? How?
@steem.dao was funded with voting rewards and many users who tend to get big payouts setting it as a beneficiary to their posts. The account is not really a smart-contract like in Ethereum because Steem doesn't have a scripting language like that.
It was a way to socialize investment into the blockchain ecosystem.
The people have never really had "the power" to begin with. We have always been beholden to and at the mercy of those who have larger stake.