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RE: "Ithaqa" Comic Book Update #164 Steemit Crowdfunding #Steemstarter
I definitely would love to see some sort of #Steemstarter movement, but I do have a concern. (Warning: Half-asleep spitballing ahead)
Steem, like all cryptocurrencies (and currency in general, I suppose), fluctuates in value, sometimes greatly. Knowing this, it couldn't quite replace Kickstarter-style projects as a monetary value is the end goal.
It would have to be done via SBD, Steem, or Steem Power. For example, when this project reaches X Steem Power, it is considered "funded".
Issues that I forsee:
- You only have 7 days to generate X (which is a SERIOUSLY short amount of time, and may be nigh-impossible for large projects).
- Upvotes are not worth equal weight. How do you determine fair rewards to upvoters without manually recording each one, and is it really fair that a new Steemit user who is eager to fund the project is less "useful" than a whale who "just drops by"?
I know I have more but my brain just completely blanked. Ugh.
Still, I personally LOVE the idea of developing some sort of Steemstarter method.
I've been thinking about these problems, I think for one thing there's no reason why you couldn't continue a campaign for more than 7 days. The hardest part would be keeping track of who upvoted or transfered how much.
Still, with apps like steemitreports you could break down # of upvotes and amount of steem over the course of however many days you want.
We'd have to adjust how the rewards are given, it wouldn't be exactly like kickstarter. For example somebody who upvoted several times for a total value of 1 cent, would maybe be eligible for a 1% upvote from the person raising funds, but you obviously wouldn't be sending them a signed poster or something