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RE: [Proposal] Add Inflation Funding Source to the Steem Proposal System
Would Steemit, Inc. committing more resolve this issue for the time being? The company still has tens of millions of STEEM. It occurs to me that speeding up development would increase the price of the token, so it would be a win-win for everybody if Steemit, Inc. committed more (it will result in their tokens being worth more). It will also help with better distribution/decentralization.
So I don't see what the issue is.
You mean for the worker fund? That is possible they could provide more, but you must keep in mind the obstacles a business must go through in regards to legal and the board of directors.
It would be a lovely world if SteemIt decides to fund the SPS indefinitely, but there is no way that is scalable or sustainable in the long run.
The system already generates the tokens. It only makes sense for some of them to go to actual proposals of merit.
If the SPS gets funding, I would make a proposal to allow the reward pool to be funded with a STEEM transfer, then a user could make a proposal to received SBD, convert or sell it, and send the STEEM to the reward pool.
Many options available to us, but they will be hard to achieve without ongoing funding.
I imagine it would make sense if they provide a continuous and reasonable flow of financing for the worker fund rather than a big pile of STEEM all at once. This might be much easier in regards to legal concerns and board of directors.
It would not be sustainable or scalable in the long term, right. But for the short term, it seems like the best solution to me. It will put the ecosystem in a better position to support itself. After this, Steemit, Inc. can discontinue the funding.
I think you know the extensively discussed issues. There is a lack of agreement on redirecting rewards away from authors or curators or witnesses. Or on increasing the inflation. I wonder why you think (if I understand you right) that it would be more advantageous to go down that path, for the short term, rather than ask Steemit, Inc. to provide funding for some period of time.
Because they have been asked and it’s clear they are only committing to the 200k STEEM. So, if the Steem worker proposal system is something we see being as beneficial, we, the community, have to find a way to sustainably fund it. The rewards aka “inflation” pool was designed to fund contributions to the platform that add value, it makes sense to allocate some of it to a worker system that essential could add quite a bit of value.
Depending on Steemit Inc. is not an option, so we need another one.