RE: HF21: SPS and EIP Explained
The question is how will we track and measure how much value a funded project is provided?
There are blockchain history elements generated for all payouts, just as there are for content payouts today. UIs like the many we have for existing Steem functions will process this history show the data. We know who are the largest earners on author payouts, curation, who is powering up and powering down, etc. because of the many UIs and reports that have been created by the community to show this kind of data.
The initial version includes a pretty limited web UI that shows proposals and allows for voting on them but I have no doubt that over time many additional UIs will be created to show the data in more and different ways (some may even have their funding provided by SPS, some may not)
What I meant to express but did not word very well is will the UI allow for us to track the metrics of projects so we can determine the success or failure based on how much a certain project is contributing to success measures?
If it's retention stats, or if it's the Steem price, or if it is something else, I think every project which is asking for funding should have a business plan with a profit motive. The project can be a great idea but then how does it increase the price of Steem or bring in more users or make current users more active?
Example, a game in the style of DrugWars for example could bring in new users and increase the value of Steem too if it were designed the right way. The project could be funded via SPS and then every month report their success metrics such as how many users they are gaining each month, how much retention they have, this and we can look at if the price of Steem is going up or if people are powering up more etc.
So yes, we can find a way to measure "profit". We just have to agree on which measures should represent profit.