You are viewing a single comment's thread from:

RE: Coding In The Community - Feeling Optimistic

The voting system for the SPS/DAO was poorly designed when it was implemented. The only voting options are to either support or abstain from projects, with the idea of "good" projects getting more support than a baseline "don't fund anything" project. In order to prevent zombie / malicious project from getting funded the Steemit accounts are voting "don't fund anything", but their votes are so powerful that it's unrealistic for anything else to be able to beat that without getting support from them. But that puts them in an awkward ethical / optics position, because they don't want to be picking and choosing who gets funded from the DAO. So the DAO is currently nothing but a drain on the rewards economy that's accumulating a huge amount of funds (which, IMO, is something of a risk because that's a big pot of funds that someone who suddenly becomes a new "top dog" would have near total control of).

Sort:  
 3 years ago 

That's very interesting indeed. In theory then, if I can produce a proposal and my proof of concept is something that the Steemit team buy in to, we could get their support, their voting approval and subsequently, funding to proceed further. This sounds promising. Do you have a link to the proposal system?

The big risk that you highlight could very well come to fruition. Steemit is no longer the most powerful individual user (although it probably is if all of the accounts voting power are combined). Like I said in my post, that would hurt. A lot!

I'm not sure there's a great UI or documentation of the proposal system, I think SteemPeak had a system for it but they stopped, and the developers and advocates for the system were involved in the witness wars so some of their posts explaining it may not be easily visible. The steemit menu on the upper right has an option for "steem proposals" that takes you to https://steemitwallet.com/proposals and lets you see current proposals, but I'm not sure there's a UI for creating new ones. If it were me I probably wouldn't bother trying to create the proposal unless Steemit was open to it and there was broad consensus about a way to make that system work going forward. (Personally I think it makes sense for Steemit to be uncomfortable acting as the de facto sole arbiter of who gets those funds).

 3 years ago 

I see what you're saying about the proposals system - I've got no idea where I'd start with that but I'm fairly sure it'll be possible to track down some smart cookies who know how to use it.

I think Steemit will be open to ideas if we can present them with something that appeals to them.

Similarly, I don't think Steemit would be uncomfortable being the de facto sole arbiter in deciding who gets any of those funds. They bought Steemit and as things stand, we're all waiting for Steemit to do everything anyway - Make all of the decisions, create a roadmap, write all of the code to deliver that roadmap whilst we're all sat here waiting for it to be delivered to us. i.e. we're waiting for them to spend "their" money improving Steemit for all of our benefit. With this approach, they get what they want and arguably, don't have to pay for it.

Do you have a link to the proposal system?

FWIW, here is the "go live" announcement, I guess - Steem.DAO UI Live on SteemitWallet. That includes a link to a 3rd party web site for submitting proposals, SteemProposals.com. That site still exists, but it looks like it could use some TLC, and it looks like the developer left Steem about 2 years ago. I have no idea if it's secure or if it can still submit proposals. Apparently, the proposal fee is 10 SBD. Here is a description of the create_proposal broadcast op if you have the means to roll your own submission form.

 3 years ago 

Thanks for that - worth reading and if we know that Steemit will support a proposal than it'd even be worth the 10 SBD submission fee. If we're less confident though, I'm sure we can find somebody who'll be able to use the create_proposal without too much effort 👍

It's interesting reading the original launch post and some of the comments that came with it. Especially this bit...

The reason this is important is because it demonstrates that the Steem.DAO does not have to be used to fund the development of features for Steem or steemit.com (though it certainly can be). The Steem.DAO is a decentralized funding mechanism which distributes a liquid stablecoin. The possibilities are limitless.

Personally I have been thinking about suggesting that if it's not being used for anything else the DAO should be funding a bot that sells SBDs and airdrops the resulting steem to active users of the platform to try to improve the distribution of Steem.

 3 years ago 

It would be nice to see something done with it.

Coin Marketplace

STEEM 0.20
TRX 0.15
JST 0.030
BTC 65074.63
ETH 2635.72
USDT 1.00
SBD 2.83