Many of the foundations like python foundation is Managed by foundations like what we are discussing.

Steem Blockchain is more or less like kubernetes handed over to a foundation by google. There are scenarios like open office handed over to apache foundation by Sun and google wave handed over to apache foundation by google etc. The OpenOffice and wave scenario didn’t really do good for the products and they were more like sunsetting the products. OpenOffice is forked into libreoffice and managed by the community. There difference here seems to be that there is only one entity donating and unlike other software products the chain represents money. We need to get this right and have a better model than bitshares and the existing other product models. Stellar foundation is doing good IMHO and that’s something I am trying to understand more about. Steem Blockchain has a unique scenario and understanding and implementing better models will be the way to go.