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RE: Using Steem to fund development through voting up code snippets and algorithms.
We've thought about it a bit .. it may need a different framework on a large scale as you pointed out. As a high level version, Steemit could still provide the incentives to build open source as long as devs are posting updates on their projects.
Well for sake of argument, suppose I have a design in mind, an algorithm in mind, a formal specification which I post up on Steemit. The developers would then have to write code which approximately meets my specification. As they do this and the code passes the unit test then my team will upvote and they'll get paid.
The other way of doing is suppose I can't code or write a formal specification, but I can use plain english to describe what I want built. I want a formal specification, so I ask for it, and someone replies with it, and then we vote up the reply for that, then someone else replies with the code which meets the specification, and we all vote that up.
In a sequence, I think it could be made to work on this platform. Crowdlang is also quite interesting so I would suggest your team look into that if you want to build on top of Graphene the sort of functionality to make these sequences work.