Steem Budget Proposals Whitepaper!
When we begin reinvesting 200,000 Steem every 28 days in projects promising to help Steem grow through a decentralized governance system featuring budgets, proposals, and voting, we can expect the value of the Steem we hold to increase exponentially without it costing us anything in upvotes, curation, author rewards, or inflation! Will you please read the next two paragraphs because the excitement will build in seeing how easy this is to get started with?
What Do We Really Want?
Are we all hoping for Steem to make the greatest difference in the world and to get the highest return on our investment? Absolutely. How do we make that happen? We make the difference and get the ROI by increasing the value that Steem provides to everyone using it. Every action dedicated to building the value of Steem gives us what we want. A transparent budget proposal funding system designed to reinvest some of the new Steem created every day in projects that grow our community is very likely to add massive value to Steem as it has done for Dash and therefore give us what we want.
Executive Summary!
How much of a return on our investment will we get when we make about 200,000 Steem every 28 days available to any member of Steem submitting a proposal that offers to add value to our community? If the results from Dash are any indication, we may be looking at a Steem price 20 times higher than it is today within a year of adding a budget proposal system alongside smart media tokens, communities, and a mobile app.
To make the 200,000 Steem available, we can remove Steem power interest and reduce top 20 witness rewards by 50% or increase inflation by the same amount. While any suggestion of change is likely to trigger fears and quick dismissals, after further investigation, we find this change is likely to give us exactly what we are hoping to get and be worth the discomfort of trying something new. Would you read the rest of this post or the same text in the whitepaper at http://jerry.tips/steembudget because this will empower you to help us make budget proposals a reality today?
Dash Price up from $11 to $300+ in 1 Year!
Dash price increase by year.png
The digital currency Dash attracted me as an investor for my first all in cryptocurrency investment in December 2016 which purchased a Dash masternode for $11,000 at $11 per Dash. Dash’s budget proposal system is the primary reason I invested because it made it easy to see how Dash was funding its own growth and predicted a bright future because every speculative increase would increase the real value of the budget available. Learn more about Dash’s budget proposal system using these links.
See existing proposals at https://www.dashcentral.org/budget.
Learn how the budgets, proposals, and voting work at https://dashpay.atlassian.net/wiki/spaces/DOC/pages/19169430/Using+Decentralized+Governance+Proposals+Voting+and+Budgets.
BitShares has a similar system with worker proposals at http://docs.bitshares.org/bitshares/user/worker.html.
Within a month of investing in Dash, I was promoting Dash in all my videos and submitting my own proposals. Within 4 months of using Dash, I had submitted 7 proposals despite having almost no other relationships in the community. The first several of my proposals failed with the fourth and fifth succeeding. Dash budget proposals gave me over 70 Dash in exchange for advertising Dash on Facebook and YouTube along with making a new series of tutorial videos which I completed before the proposal was funded. Most importantly, these proposals gave me a way to immediately add value as a new user without having to build a following, spend months hanging out in chat, setup a server, or get approval from the Dash team directly.
