RE: HF21: SPS and EIP Explained
At the request of the Witnesses, we have included code in this release that would add a long term funding mechanism for the SteemDAO/SPS. If this hardfork is accepted by the Witnesses, 10% of overall inflation (pulled from the rewards pool) would be used to fund proposals made through the SteemDAO/SPS.
I don't agree with this robbing Peter to pay Paul method of "long term funding". It puts one faction of the community against another similar to what we see in typical bureaucracies. In essence for the blogger it's going to be perceived as an immoral tax.
A better way to fund something like this would be to provide a real useful promotion mechanism where bloggers can pay for visibility and use that to fund SteemDAO. In essence instead of BidBots why not use on-chain marketing to fund something like this?
This way actual activity and usage correlates with long term funding. Otherwise you're not likely to get anything which increases activity if the SteemDAO is funded no matter what by default. Also just like with political regimes once you start paying people in this way it's going to become increasingly more and more difficult to remove (lower the tax) in the future.