Topic: SPS Funding Methods

The SPS or Steem Proposal System is going to be a worker proposal system where developers, marketers and project owners can submit requests for funding for the furtherance of the Steem ecosystem. This will bring alot of external project to Steem in search of funding where they perhaps can't easily get elsewhere and one of those apps could be the killer app we need to catapault Steem to the moon.

There remains however a contentious issue of how it will be funded, allegedly Steemit Inc will fund 200K STEEM to kick it off, there was chatter that it was supposed to be more or that that may give more over time, but so far they are only commiting to 200K. The reliance on donations is not sustainable so inflation funding has been suggested for long-term sustainability.

Not everyone agrees on how inflation funding should happen here are some of the scenarios:

1. New Inflation source - None of the existing sources will be touched, a new source will be created but this means that the annual inflalation will increase and more token issuance will occur to flood the market.

2. Take a bit from all existing sources - I am a fan of this route, it simply is good PR, gives the feeling of Ubuntu - "togetherness and community" and that we are all in this together. I think this will be the softest and most diplomatic approach.

3. Take from author rewards only - Some people are proponents that author rewards take the most value away from Steem in return for low quality content being produced.

Which camp are you in? Feel free to discuss on this thread.

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