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RE: Steemian Charity and Mutual Assurance
"Who would administer the funds?"
Full Time Steemian (veteran 70+ rep $20K wallet estimate)
"How would we decide how the funds were spent?"
Nominated or Elected Steemians would be involved in a weekly\monthly\yearly voting on distribution\allocation within the community.
"How would we ensure the funds were spent wisely, fairly and achieve the intended goals?"
Each elected\nominated Steemian would get equal total amounts to be managed evenly into SP (SteemPower) so just in case they power down or start to withdraw funds in that particular account it will be transparent to ALL and may effect the next vote for next allocation of community funds.
All great ideas cassidyandfranks! I imagined more than one administrator but whoever it is must have serious skin in the game!
With the last point...accountability would be absolutely essential, I agree. Also, accountability for the implementation once funding occurs or begins and a complete report on outcomes that feeds into reputation. We have to make sure the money does what it is intended to do. Thanks so much for helping!!
Serious Skin Yes, but what about delegated SP like we had a month or so ago when @htooms offered his SP to be used by other Minnows and Dolphins kinda like a "prove to see how skilled you are" competitive contest in Quality Curration and voting up Quality Comments.
Delegated stake might be useful in giving someone who is in every other way perfect for the job a chance, like you say! Good idea.
Last one, promise :)
After a week\month\annually and proven track record with the rewards collected by the ONE that was chosen for the delegated amount of SP, a percentage 33% for example would be delegated into "savings" account in the wallet and 33% delgated back into more skin in the game (SP) and last 33% would be liquid STEEM.
Do you mean as remuneration? As in that is how the administrative duties are rewarded?
Could be or however the most beneficial and fairly distributed and prevented measures so that just in case any signs of a bad actor would be noticed and questioned by the community openly which would basically terminate any future rewards or delegated SP as well as future nominated or elected for any next level position just like in a corporate business model but ALL in the open on the Steem Blockchain.
Throwing ALL these ideas out into the public for ANY type of discussion and FUTURE growth-ideas.
So 33% savings would stored for charitable to be withdrawn back into liquid STEEM when necessary.
33% added to (salary\adminastrative duties)Regular SP not delegated SP which would add to Voting Power as the weeks\moinths\yearly progresses.
33% liquid STEEM could be used for immediate transfers to charity or specific agreed mutual FUND that can be voted on.
win, Win, WIN
I see exactly what you mean now and I absolutely agree. Security necessitates the need to hold some of both funds in SP and savings.
In the long term outlook quarterly\annualy each nominated\elected official would generally become ambassadors to assist in a particular charity or region just how we have in todays REAL WORLD, but...
More transparent and easy to identify misuse of funds and power to be mitigated more efficiently effectively and quickly before major damage or liability is done. This will prevent or minimize abuse.