Steem DIP (Development Incentive Program) Implementation Announcement by @donekim
photo credit @donekim
Hi, I'm Dion. Today (August 25, 2022 ) the Steem Witness Call was held under the theme Steem DIP (Developer Incentive Program) for approximately 1 hour from 20:30.
Today's Witness Call will be of interest to all members of the Steam community, and especially if you are a developer or run a development team, we recommend you read it.
The contents below are my personal translations and I do not know any additional information other than those listed below.
here you can read the entire post by @donekim
This is important information for the steem community
xpilar.witness
Voting for me:
https://steemit.com/~witnesses type in xpilar.witness and click VOTE
Goodness. As great as it is to see that change is afoot...
In 2 years, that's $1m (I have a degree in maths).
You could rewrite the entire platform (in a programming language that is more easily maintained by a larger number of people) for a fraction of this amount.
$1m over a 2 year period. Rewrite the entire thing and save yourselves $750k.
And for a bit of extra context, this statement is made by a person who has spent his career working for a Digital Agency that provided solutions to the UK's (heavily regulated) Banking sector and then working for the UK's largest investment platform.
There are "effective managers" and professional programmers.
Effective managers are usually focused on effective money...
I hear the voice of a professional programmer :)
I started out as a professional programmer but as my career progressed, I became “an effective manager” 😊
Effective managers with a background in programming can save people a lot of money.
The fact is that most "effective managers" do not have normal practical experience. And this is a real trouble. They do not know the specifics of the subject of management. I understand that the principles of management are universal...but nevertheless ...
at the same time, one of the basic principles of management... need a lot of money ...))
I'm in wox discord rimsha#5895 can you please contect with me
Why?
I need some suggestions about development
hi @the-gorilla
Please, correct me if I'm wrong. But wouldn't it mean that $500k worth of STEEM will be in a way "pumped" into the market? I surely hope that it will bring some long term positive results, however it's hard not to expect that STEEM will lose much of its current value.
I guess time will only tell.
Cheers, Piotr
It's hard to predict (I've heard a bit more about the scheme since my initial comment (which will hopefully be announced soon)).
I think the outcome will depend upon a lot of things... since the people having the ideas and doing the development will be paid in STEEM, they might decide to sell once they've been paid and that'll be that (the price will drop in the short term).
It's also possible that they'll believe in their idea with the opinion that the improvement to Steemit's platform will attract new users and therefore increase the price - and perhaps decide to hold their STEEM until the price rises as a result.
Like you suggest, even if the developers do sell their STEEM, then Steemit will have progressed and be a more attractive proposition to both users and investors (in the long term), putting us on an upward trajectory. This could even prompt some of those who moved over to Hive to return (and bring their assets with them).
I'm on the optimistic side of the fence at the moment 📈
As you say, time will tell ⏳
In order to do more for steem/steemit's development, it must also be invested in developers and yes it can affect the market but also in the right direction
Compared to staked values and market cap, I don't think 500k over the course of a year is enough to move prices in any lasting way.
This post has been featured in the latest edition of Steem News...
Gracias por la información!
Hola amigo @xpilar, esto sin duda es genial, steemit necesita más desarrollo, tenemos mucho potencial en está plataforma y hay que explotarla para mejor. Espero muy pronto podamos ver todos estos proyectos activos y mejorando cada vez más steemit. Es algo increíble y que sin duda será muy positivo para todos nosotros!
Gracias por la información :)
hi @xpilar
Link that you've shared with us leads to post written in Korean language. I surely can't read Korean hehe
I don't want to sound like a 'difficult person', but reality is that it will be hard to encourage most people to bother to use translators in order to read anything. If this content is important, then some sort of direct translation would be useful. Especially, since google translate can easily bring some additional confusion.
Otherwise, I would expect that majority of those who will open your link will close it seconds after.
Just my 2 cents,
Cheers, Piotr
Hi Piotr - I have put the key parts of it in my Steem News post.
ping me bro