RE: Steem Budget Proposals Whitepaper!
I really love this idea. Definitely upvoted and resteemed, and you already have my witness vote.
My only addition or counterpoint is related to the proposal winners dumping their steem into thin markets to pay for their expenses on the winning proposal. Instead of distributing the fund wholly every 28 days, could we do more limited releases every 7 days? It could be setup so that proposals only qualify for the next release when they have been up for 21 days (giving the same window of time for proposal review to happen) and Steem feeds the pool for 28 days before being released (each weekly release distributes all the Steem that has been in the pool 28 days).
I know it would complicate things, but it would still provide the same level of funding and proposal oversight without recipients having to develop sophisticated trading strategies to pay their expenses without crashing the market.
" Instead of distributing the fund wholly every 28 days, could we do more limited releases every 7 days?"
The only reason I can see not to do this is to keep the process more simple (which you noted yourself towards the end of your comment.)
In other words, this sounds like a great idea to me. Perhaps projects could simply be submitted on a rolling 28-day payout basis, leading to an over-time averaging out across the whole calendar month.