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RE: 100 Steem Bounty: What is the solution to a lack of SMT development?
Steemit is responsible for development. Do you think it makes sense for Steemit to assign itself 80% of the initial stake via a ninja-mine and then not be responsible for development? What was the ninja-mine for? If the answer was putting money into Steemit's owners pockets and then getting to the point where we invite the 20% to pay (again) for development then we should all just recognize we have been played and move on to a new project with lessons learned.
Agree
Well what if steemit is not capable to handle the development on its own. Your suggestion is to then just walk away.
Ok, but what if we want to do that. That is what I am asking.
Then you are giving 80% of potential returns on your investment to sleeping partner i.e. Steemit INC.
Correct. The best alternative at that point is to cut losses and walk away or start an alternative. No investment no matter how good can sustain an 80% 'fee'.