The goal of this proposal is to create and grow a sustainable ecosystem around Steem blockchain and to make Steem the leading blockchain for decentralized apps and communities worldwide.
The proposal features a robust fiat based management structure, fundraising through corporate and individual membership fees, various types of funding activities and on-chain advisory role for Steem community.
You can vote for Foundation Structure Proposal by Upheaver via this dpoll.xyz link from April 10to until April 24th (9:10 PM UTC) and everyone is welcome to vote as pre-registration is no longer required.
Here are the top 5 reasons to choose this proposal over the competition.
Reason #1: it's well funded
It's not funded by delegations and does not drain or even participate in the reward pool.
Instead the foundation will collect membership fees from private and corporate partners who want to support and build on Steem technology and community.
Exercise: Imagine for a second if Steemit Inc. would be funded by delegations alone... How would that affect reward pool? Pretty bad, right? So why should we do the same?
Reason #2: it's professionally staffed
Running a foundation is a hard and very demanding job which requires domain expertise, broad range of skills and industry connections. Professional leadership team will be hired by the board to ensure that the foundation can continuously raise funds, expand its partnerships and support Steem ecosystem for many years to come without interruptions or distractions.
Having full time professional staff is orders of magnitude more effective than having volunteers / enthusiasts working on their free time and without pay, and it's normal for foundations to spend part of their yearly operational budget (5-15%) to pay its staff in order to fulfill their primary mission.
Reason #3: it does not reinvent the wheel
While it might be tempting to apply blockchain concepts of anonymity and stake weighed voting to a legal structure in the real world, in most cases it will be impossible to implement them due to legal restrictions and various governmental reporting rules.
The foundation instead follows a well established and known legal structure (an elected board of directors which hires CEO and the leadership team) with no blockchain principles but also no hidden surprises.
Reason #4: it has real leadership
C-level leadership of the foundation hired by the board will be public and visible individuals, they can provide the much needed leadership and direction, gather communities around important ideas and be the familiar faces for companies who want to work with Steem blockchain.
This cannot be achieved by a decentralized or anonymous structure. To put it bluntly: CEOs don't take meetings with online avatars. Leadership only works when it's present and accessible.
Reason #5: it's simple
This proposal does not have much open-ended schemes or things that need to be solved by trial and error. It simply gathers funds via memberships and it spends those funds on foundation's main mission via funding programs and direct investment. The simplicity of this proposal almost makes it boring, but in my view it also makes it stable and sustainable.