The Steem Worker Proposal Fund & My Two Cents
I am pro the worker proposal system.
The way I think it should be done is through donations. First of all, @Ned has already mentioned Steemit inc would be willing to donate a lot of Steem, in the millions potentially. While this isn't a guarantee, if this were to happen it would be a great test run. There is no need to go messing with the inflation numbers or tweaking author rewards when we have no idea how this fund will even work. My thoughts are if Steemit is willing to donate a considerable amount, (millions of Steem) - This would be enough to see if this worker proposal system is a good idea or not.
Also, make it a fund account that is easy to donate to. When creating a post have an option to donate x amount of the rewards to the Steem fund account to help support the blockchain. Make it public how much people donate. Give them badges for donating. Most people, especially in the public eye would feel uncomfortable not at least donating a tiny amount. If most Steemians do this, donating large and small, this would be a great runway for worker proposals without any added inflation. There are several ways we can tighten things when it comes to funding this idea. For instance, when people decline payouts, instead of burning the rewards, they can go to the worker proposal fund. I am sure there are other ways we can squeeze all the leaking value that goes to waste and recycle it into the worker fund.
Now in the world where the worker proposal funds are drained so fast, and so much work is being done, & it turns Steem into Dubai and it is apparent further funding of worker proposals is a great idea, then we can think about tweaking inflation.
- My 2cents.
Brilliant.
This is perfect proposal.
Rewarding steemians with badges will indicate their donation amount. I agree with you that the declined payout fund should also be gone in this system.
Posted using Partiko Android
While I like your idea, I think that a change to the rewards pool without altering inflation is the way to go. Like Dash, if a portion of every mined block is provided to the effort, it provides more long term sustainability for the program instead of depending on the volatility of donations and the sorts. However, the thought of crowdfunding is a great one as it adds to the community focus of building together. The importance is that something happens with this at the very least.
Posted using Partiko iOS
This may be a better solution without regard to implementation, but using donated steem to begin is way more possible politically because it doesn't even require a change in the code, and no forks in site.
Author rewards are already a part of our system, so its using what we have.
@theycallmedan you are right,something must change! Steemit has a big potential but cant using his potential #MakeSteemitGreatAgain
Donations will be a better idea to support steemit projects.
Yeah! We need to find the ways and use them.
Thanks for sharing
Steemit to donate millions of steems will be a very big plus. Moreso, steemians can also support through donations as you have rightly stated. Donations should be made visible and some rewards should be given to all the donators, could be the badges as you suggested.
I believe the rewards will push others to donate even more.
Thanks for sharing @theycallmedan
Great idea, just few days ago, I was just musing within hat am not very informed about what happens when users deny payout rewards. Chanelling such rewards to worker proposals would be great.
Although STeemit.com does not have this feature, but I know other dapps have provision for setting benefactor rewards for a particular account. This is a decentralized system, as such, [people should have their liberty as to what they should do.
On your suggestion for badges, there could be some advanced future usage for such badges to encourage users to donate more. Such usage may be post exposure or points convert-able to STEEM.
In all, your idea is amazing @theycallmedan
Many of the foundations like python foundation is Managed by foundations like what we are discussing.
Steem Blockchain is more or less like kubernetes handed over to a foundation by google. There are scenarios like open office handed over to apache foundation by Sun and google wave handed over to apache foundation by google etc. The OpenOffice and wave scenario didn’t really do good for the products and they were more like sunsetting the products. OpenOffice is forked into libreoffice and managed by the community. There difference here seems to be that there is only one entity donating and unlike other software products the chain represents money. We need to get this right and have a better model than bitshares and the existing other product models. Stellar foundation is doing good IMHO and that’s something I am trying to understand more about. Steem Blockchain has a unique scenario and understanding and implementing better models will be the way to go.
Woww itss really good
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.