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RE: Idea on how to save Steem & Steemit......and put it back on track for reaching it's potential
IDK we already have many curation projects adding up to many millions of steem. Isn't this just a proposal for more of the same, using Steemit Inc's private money?
I don't believe so. The stated purpose of the Steemit.inc's account was to support Steem. Currently the majority of it sits there doing nothing whilst Steem and Steemit become largely a printing press for a handful of powerful accounts. However, all Steem Power is relative and should a significant stake begin acting to moderate abuse, that would be a game changer. There are so few whales, which is part of the problem of instability in the way the incentives work. By deploying Steemit.inc's SP across hundreds or thousands of accounts, you effectively replicate a much better token distribution. I think the difference is obvious between that and what has gone on before.
I was going to ask if you were familiar with @fulltimegeek and @stellabelle's delegations to chosen community members, and how effective that has been at increasing the reach of their SP far beyond what they could achieve as individuals.
It appears you have dreamt their experiment bigly.
I strongly support this plan. Such delegation might not only curb abuse, it would also disperse rewards to many authors that face a desert of upvotes, due to the focus on ROI and profiteering by those with significant SP presently.
Little could improve the retention of users better than that.
Further, as a delegation, that SP would remain in the toolchest for Stinc to use as necessary to combat hostile takeover of witnesses and catastrophic forks which could result. Any benefit to the accounts that were availed of such delegations would be as curation rewards, which aren't being attained by that SP now, so would not harm Stinc. All capital gains from rising price of Steem would remain the property of the SP owner.
Thanks!
I really appreciate the support. Thank you.
I was aware that @stellabelle had started a new delegation initiative a while ago though I did not know about @fulltimegeek 's. I love these kinds of initiative because they are about giving, empowering and unleashing potential, which as you say, is far better accomplished by many.
I tried to come up with a win-win and if we can scale it up, led by Steemit.inc, the potential is huge.