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RE: Fund Continued Improvements to the DLUX dApp Infrastructure

in #steemdao5 years ago (edited)

Here is an update on what I've been programming. Its a cooperative multi-signatory escrow network to price and build accounts using autonomous feedback based on demand. The same escrow networks can be used to build business on chain that doesn't use 3rd party trusts like steem-engine to hold pegged token. I disagree that funds need to be locked or burned, health of financial systems is usually measured in velocity, capital held in stasis is often a sign of reduced trust in economies. There are very few ways to misuse financial instruments that aren't debt based. Even the Steemit 800,000 auto sell will eventually find network equilibrium as they will run out of tokens to dump.

On a side note. In the past funds donated to us have been used to buy bid-bot votes which cycle in to our SP. Recently we just powered up a large amount of our SP( #NewSteem ). Our server bills to run these micro services have exceeded what we've pulled from Steem through exchanges... we have literally been paying to program here.