Offer to Purchase Steemit.com for Custody of the Steem Community
FIRST DRAFT PROPOSAL
Att: Justin Sun
The Steem project should have never been launched under the guise of immutability, freedom and liberty while a corporate entity owned and controlled the main dapp and marketing, this is not representative of the ideals of decentralisation and Open Source.
Steem will never prosper while its flagship domain is under corporate control and whoever owns it will always be cursed to be at loggerheads with the community.
Steemit.com is a piece of genesis history of the Steem blockchain and should be preserved as such. I hereby propose to emancipate the steemit.com app to the ownership of a community trust such as a Bermuda Charitable or Purpose Trust, with strict instructions in the deed that this domain should never be sold to individual or corporate control but rather forever remain in the ownership of a community trust.
The trust shall be to the benefit of the Steem community and the development of the steemit.com app and other worthy social initiatives.
I hereby tender to you a rounded up purchase offer of 1.4 Million USD for the below-listed domains (valued by Hypestat.com) and to include all public communication accounts previously owned by Steemit inc, such as but not limited to, steemitblog, steemitmarketing, Steemit Twitter, Reddit and Facebook accounts, along with the necessary github repos for all UI's and webpages.
At this stage we will sort our own infra and likely will not need anything else other than the domains and social media and Steem accounts empty of any Steem or Steem Power funds. Infrastructure transfer could be discussed if it is to the benefit of both parties, but that discussion can come later.
List of Domains and Valuation
steemit.com $1 163 982.84
steem.com $ 7 245.24
steem.io $ 8 086.31
steemitwallet.com $ 157 173.21
Total: $1 336 487.60
The steem.com domain is a good place to start as this domain is useful as an information site under community ownership and could be funded for purchase fairly quickly.
Should you accept this offer by replying to this post, you will give the Steem community 90 (ninety) days to crowdfund the total amount and the less valuable domains can be purchased separately as funds are raised.
The funds shall be raised by issuing a Steem Engine token 1:1 with each dollar contributed to the crowdfund. This token will later become an SMT when SMT's are available and will not compete with Steem as the main currency of the steemit.com app and backers will perpetually earn at a minimum a stake weighted share of 25% of the profits derived from the community trust from activities such as investment of surplus funds, ad revenue, subscription revenue etc.
The profit distribution percentage can be adjusted upwards at the discretion of elected trustees. The minimum shall be recorded in the trust deed.
The roadmap would be to first and foremost win back the ex Steemit Inc devs to the community @gerbino, @roadscape, @vandeberg and @justinw should he choose to resign from Tron.
The trust will be used to ensure that developers are paid in real currency and have valid employment and will lead the way to mass job creation to further the platform. Initially, the funding will come from any surplus raised from the token sale and via SPS proposals.
Once developers are back on board with the community the SMT roadmap shall continue and focus shall be placed on making Steemit.com accessible to all major languages such as Spanish, Chinese, Korean, German etc for maximum inclusion.
Over time an offical mobile app will be developed with similar UI feel to the main site and most importantly the current Steemit green logo will be retired in favour of the original Steem blockchain logo as it was in the beginning.
Any improvements on the original logo are also welcome, however, the Steemit logo will not be retained.
Justin, I implore you to consider this offer as an act of benevolence and let our community go on to become self-sovereign and truly free from corporate control. This act will go a long way to improve your overall reputation and that of Tron. You gave away $4 million to meet with Warren Buffet, I trust it would be easy for you to do the right thing and sell this project back to the community at the appraised price.
This offer will remain on the table for 7 (seven) days after which on this day next week if I have not heard from you I will start to mobilise the neosteem.com domain that I own in the same fashion as mentioned above and campaign to move the entire community to it, with Steem still remaining the underlying currency.
Legitimate Steem Consenus Witness
Disclaimer: This offer to purchase has no bearing whatsoever on the current discussions and issues regarding the ninja-mind stake. It is a separate offer for the domains and public-facing communication accounts only.
I respect your efforts here, but such actions must be coordinated and decided in the community. Such individual actions damage our ecosystem. Hence the downvote.
I think you misunderstand, steemit.com is corporately owned website and domain, it falls outside the ambit of the blockchain community, that being said, it is a flagship app of Steem and is better off in the hands of a community trust, hence the OTP to that end. This post also has embedded messages for users to start rethinking which UI's they use and that using steemit.com which is 100% in the hands of a centralised corporate entity is no better than using facebook.
Congratulations. This is among the top-3 most retarded posts I have ever read on steem. Not a surprise of course, as it comes from one of the greatest cock suckers of steem.
The competition was strong, but yes, it's a very, very retarded post, Sir
Your suggestion is good, but it remains to be seen whether Justin Sun will respond
I don't think he will respond but the post serves to also send out a message for users to start rethinking which UI's they use and that using steemit.com which is 100% in the hands of a centralised corporate entity is no better than using facebook.
Although removing Steemit Inc and take their activities into our community may seem a good idea, but I'm of the opinion this will not work at all. To create a new more or less central entity developing the chain and steemit.com service, I'm not in favour of. When we like to see this development to be transferred to something else, it either shall be in the community control (ie no new central entity), or it shall be transferred to a company that has proven track record in developing complex software, understanding and being able to evolve complex algorithms, know what UX is and be able to deliver high level UX implementation, as well has good marketing people, have ties into the crypto world as well as the fist world. Ie a proven professional company. All for good reasons: To bring Steemit forward, as well as give the Steem blockchain a solid future, millions and millions needs to be invested. Forget about the ad-income, its very minimal at the moment, and I'm pretty sure it will not grow considerable until we have millions of active users (which may take another few years to a decade before that happens). You may read my proposal here: https://steempeak.com/hive-148441/@edje/my-proposal-and-thoughts-to-move-ahead-with-our-community-and-steem
That said: We can continue with SteemPeak; Seems to be of a high level UX then Steemit.com
ps It concerns quite an investment, hence you really need to share a business case, including all costs and revenues you think you'll be making with this. Even for crowdfunding, this is a minimum to get some real money. I dont think the Steemit UI is the best around our chain. The brand has some value for sure. But most Steemians will quickly move to another frontend the moment steemit.com stops operation. That could be a demand to TRON, discontinue steemit.com UI; I think that is more fruitfull and cost much less money.
I applaud any post which is written in a positive tone how ever far fetched the solution is. It requires some thinking outside of the box to get out of this impasse and get the parties involved to leave their trenches. So thanks for this contribution
The intention is good, but I really don't think the domain name is worth the battle. Steem was designed to have frontends all over the internet, and that, in my opinion, is what should happen. Other businesses just need to do the ground work to launch a frontend and make it popular.
You should do your neosteem domain and provide STEEM burning for ads, this is how STEEM becomes valuable. It should always have been using the burning feature for promotions on all the condenser frontends, and there should be a solid decentralized tool for this used across the many different frontends.
Yes it was mentioned before that using crowdfunds to pay for promotion of the neosteem domain might be a better use of resources, my concern however is that Steemit.com can be used as a propaganda tool by Tron and I would rather see it out of their hands.
This is amazing... yup it's a good idea to restore the ownership of Steem inc to trust and crowdfunding for payment of buying this back from Tron. I think, if there is community support behind Steemit this should work. I never would have thought of a solution like this that can bypass all the fights happening na?...
I hope this plan will find community backing, and once it does, all works well!!
I think this is a good proposal to start with, quite kool!!
Thanks for liking the idea, means alot!
If @berniesanders is against it, it probably is a good idea. Good luck.
You've done so many fabulous things for this blockchain! Keep up the great work!
Thanks my friend!
Hey I voted for you as witness, coz well, you are real witness of steemit, want good for it and all, know about you only reading this post, so nice. Goodday.
A couple of days ago I thought to myself: We should find a way to buy this back! He confessed he just came for the money and doesn't care about the community.
Clearly @thecryptodrive had similar thoughts and came up with this proposal. I don't know if it's a good one as I'm not skilled to assess it but a draft is a starting point.
You know what they say about great minds!
Nifty idea. However, I'm sure it's entirely dependent on how the Tron/Witness negotiations pan out. Or maybe this can be part of those negotiations.
i’m sure the chain level mexican stand off will be resolved in one way or another, this OTP is totally separate to what is happening regarding the stake.
There is no Mexican stand off. The exchanges remain powered up and able to effect governance instantly.
We are allowed the same appearance of control @ned allowed during his four years tenure as Stinc CEO. It's an illusion.
Steem is an asset of Tron, since @ned sold his stake.
There is a good chance that what the exchanges did is illegal. I doubt they will be able to keep it going without a lawsuit coming. A lot of users of their exchanges are pissed right now.
The wheels of justice turn exceedingly fine, but slow. They currently wield complete instant control of governance, and until law enforcement or code execution obviates that control, we remain only as decentralized as they allow.
Lawsuits take a lot longer than 13 weeks, once it is going before the courts there is a very real possibility that status quo at the time of filing will be enacted by the legal system so that no power down can be started, until such time as the lawsuit reaches conclusion. Then the accounts will be frozen, and the votes will be frozen, and nothing will be able to be done with the funds in order for the courts to preserve the value. I doubt that the people that had funds sitting on those exchanges are going to want to wait for years for the legal system to sort it out.
If the turf war keeps up, scarcity will greatly effect the price. For the Steem devout this is a terrible situation, but for the opportunistic investor its a dream come true scenario. The more valuable STEEM is the higher the exchanges' liability.
Lord of War quote:
"There are over 550 million firearms in worldwide circulation. That's one firearm for every twelve people on the planet. The only question is: How do we arm the other 11?"
Well that's a nice change, instead of just shouting offering a constructive argument, Wishing you all the best with your pitch
Hearts and minds! 😎
@thecryptodrive, I am not into the Depth of Financial aspects. Hope that you've Brainstormed about it and came up to this conclusion which can come up as a Solution. Whatever it is, i want to appreciate your dedication. Stay blessed brother.
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test vote power
Awesome, i will do what i can to get this under the eyes of tron people
That is fantastic thanks for your support!
This is the way awesome work mate what a great post.
Amazing idea , I'm agree with you , & I'm sure our community will able to crowdfund this amount. Now see if justinsun is agree with it or not?
Who cares about sun ???
Anyone who cares about his personal possession, Steem.
I dont think we need Steemit.com for any reason. It has a bad image, the condenser code is OS and there are alternatives.
Through the multiple dApps, extensions and communication channels, we also have means to draw the traffic away from it and redirect it to other UIs.
This domain is part of the legacy history of Steem, most of the community used it and there are backlinks all over Google, Most users have felt it to be their home, it's a symbol for them and important to preserve the legacy of the community.
I agee about the backlinks. Idt the rest matters that much.
It's the sentiment, taking back our home into the hands of the community is everything, for many steemit.com is home because they aren't technical at a blockchain level.
Furthermore, the Condenser UI looks atrocious and the codebase itself is a messy React application that is overly complicated and difficult to change. I think this blog post is a case of confusing the Steemit domain ejgg the blockchain itself.
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In the world of business, you just can't make offers based off so little. First you need real commitment from real investors who intend to purchase. You also need to have the details of the original purchase so that you can make a respectable offer that will meet the needs of the seller. If you intend to raise monies based upon fundraising effort of this magnitude, you need to have previous history of equivalent fundraising to prove you have the ability to accomplish the amount promised. The offer should be formally submitted to Justin Sun's legal team and not through a post on a social media.
Also, I am not a salesman, but I don't believe a good sales tactic should include a threat. Especially one that everyone can witness.
Thank you for the tips. It seems our witnesses know very little about how businesses work. This post is insinuating a corporation without knowing it's a corporation.
Like @alexs1320 said; it's little wonder why there are no investors, why the price went to hell, and why no one out there it taking us seriously. We need more business-minded people to move the chain forward, not just tech geeks.
Every sane business person would run away never to come back again.
Even today, chat with Sun, a guy just had some fun during the lunch break, he is not taking Steemians seriously at all *(and he is smart for doing that)
Let the children play...
maybe it is time for a total change...
This is unnecessary, Sure Steemit is currently the 'face' of steem being most people think steemit = steem.
Sure it'll take some time to change that but rather than spend $1.4 million on buying the domains we could spend that on advertising other frontends for like 10 years.
It's not worth it.
Make new steem social media accounts, promote them instead.
Make a new front end and promote that instead.
Change peoples perceptions of steem rather than spend an insane amount of money buy up the old stuff.
I for one won't put a penny towards this.
Or pay the steem developers to finish SMTs, and the hardware people to continue running servers.
I agree with this proposal. I doubt that a better deal could be made than this. It should be in a trust like you said, assuming we should not or cannot simply get rid of the Steemit Inc company altogether to survive with other apps on the Steem chain.
Lol yeah no one will ever pay more than this for that tainted domain, it can never be owned by a corporate again, even if this proposal never gets accepted it helps bring that message home and that was the main goal really.
Why not just split it... Create a hardfork... Tron Steem/SBD and Classic Steem/SBD. Everybody wins.
Justin is not getting to control Steem, not on my watch.
He presently does control Steem.
He allows the illusion we have the stake to elect consensus witnesses, because if he did not his stake would have no value.
Your watch has ended.
Do you include the Steemit stake in that transaction? If not, don't you realize the incentive problem it creates?
No this has nothing to do with the steemit stake which is tainted and belongs in the SPS.
I think this proposal should be presented to witnesses and the community first before going all out here. No.
The frontend has nothing to do with blockchain governance as far as witnesses are concerned, witnesses are concerned with matters at blockchain level and not ui level. This proposal is exactly what it is, a proposal. There is no point in wasting days of discussing with the community whether to offer to buy steemit.com only to have justin turn around and refuse to sell. The most efficient way is this way, find out if Justin is willing to sell and then go back to the community with a crowdfund proposal which can then be accepted or rejected.
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I was curious how you were going to pull this off and I was open minded until you mentioned community raising the funds and creating a Steem Engine token. Seems like a huge liability and ask for one person selling a token asking the community to trust them, $1.4 million is a lot of money in one person's hands.
I don't think the domains have any value. They're not worth that much in my opinion. The value is the blockchain and nobody can buy that.
I plan to do kickstarter, indiegogo campaigns etc which will bring external awareness to Steem as well in addition to the crowdfunding within Steem and the greater crypto community.
All funds would be kept in multisig accounts with active signatures by trusted community members, escrow attorneys can also be used, there are many ways to handle that. First step is to see if the offer is accepted.
I'm all in until this part:
Now, I am skeptical.
What would you recommend to incentivise the crowdfund? This is a first draft, I am open to idea.
If @berniesanders is against it, it probably is a good idea. Good luck.
Good suggestion - but I think Justin is greedy and will not give up.
If you fork, will you neuter the Ninja mine?
This has nothing to do with forking or the stake, it is purely the UI that will run on the legitimate chain.
As long as stake capable of exercising governance at it's sole option exists, Steem will remain functionally centralized - as it has always been.
Absent code that prevents accumulations of stake nominal to effect governance at it's sole option, this is a futile gesture.
Launch the neosteem website.
This might just be a show of how website don't equal the coin cough bitcoin dot com.
What I suggest after a while we rally and get also price sites like CMC to stop links to steem/steemit if the thing is still hostile ie what bitcoiner did with the bitcoin dot com
Yeah if no reply by next week neosteem will have to be a go, and I like your suggestion about the exchange links.
Great proposal I like it.
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Sun has used his stake to destroy the governance mechanism of Steem, which ultimately destroys the value of his stake. It would not be an act of benevolence for him to rescue such value of that stake as he can now.
It would be an act of desperation.
I hope your offer is accepted and Steem can continue to be a place where free speech is fostered.
However, presently, the illusion it was decentralized has now been dispelled, and it is the possession of Tron, under the control of one man, Justin Sun, who has assumed control of it's governance mechanism, which he can deploy instantly at his sole option. The exchanges remain powered up, and only by refraining from continuing to vote for Sun's witnessbots do they allow the illusion that community witnesses are viable.
The fact is that either the exchanges and Tron execute the code restricting their accounts from exercising governance, or Steem is Tron's possession.
I await the community's arrival at this conclusion and migration to a new chain, where hopefully the accumulation of stake nominal to undertake governance of the chain at it's holder's sole option will not be possible, and thus the chain actually be decentralized - which Steem never has been.
Binance said today on Twitter that they plan to power down. Also I'm under no illusion that Justin will hand over steemit.com for 1.4 mil, maybe with some huge amount of luck, but infact the post serves to also send out a message for users to start rethinking which UI's they use and that using steemit.com which is 100% in the hands of a centralised corporate entity is no better than using facebook.
If for some reason at some point Steem does end up being forked into a new blockchain I think it would be a good idea to call it something other than Steem. First, the name "Steem" is too easily confused with the game platform "Steam" and makes marketing less effective. Second, especially with the current situation, people outside of Steem may be less inclined to take a look at the new chain if it has a similar name. It may be easier to build interest in a new project with a completely new name.
So now when we chased the first big investor away it's time for crowdfunding?
I'm pretty sure hypestat is mostly just hype. Not sure you should trust those numbers. I call BS on them as much as I'd love to think steem gets that type of traffic I don't think they get close to that.
So we'd have the URLs but still have a chain with centralization issues?
Also Steem.com for $8k that would be a steal of a deal in the other direction. All for that one. haha
I think steem.com and steem.io should belong to the community at the very least Tron doesn't own the Steem blockchain even if they think they do and should not be allowed to represent Steem on such domain names when they don't even share the ideology of the community.
Yeah probably, but given that he paid upwards of 4 mil to purchase Steemit inc, I don't think he will accept less and still I don't think he will accept this even, it is however the best deal he will ever get, no one will buy steemit.com again.
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This is complete chaos, fun to follow and see what happens.
There we go. Nicely thought out.
Why not re-brand?
I don't think there's much brand value in Steemit, let's not make the same mistake Justin did.
Thanks @jaydih your post about new Steem witnesses inspired me. I may not be a new witness but I can come up with new ideas to lead us down a fresh path. Consider this post my application for your witness vote.
You've earned it.
Thanks my friend!
That is the most constructive solution i heard in this whole "mess".
I really like "... that this domain should never be sold to individual or corporate control but rather forever remain in the ownership of a community trust."
But let me ask.....the not transferable part of the ninja mined steem that Ned sold Tron Boy is only...let's say a "gentlemen agreement" on trust?
Or is it a clause in a contract, to be hold accountable for?
Thanks for the appreciation. As far as the stake goes it is riddled with social debt from various representations Steemit and Ned made in roadmaps, media addresses, internal chat channels etc, which lulled investors into buying into Steem on that premise. This post however has nothing to do with the stake but rather the UI, I am shifting my personal focus to securing a community owned UI.
Nice one ;)
It would be worth it to pay all that just to get rid of the green logo alone :0)
Yeah my thoughts exactly! That logo must go and everything it represents.
Agreed! Even though green is my color!
You like normal green,I bet. Not this slightly sickening off pale green. I hated it from the start!! :0D
it is the colour of the afterbirth resultant from the emergence of the spawn of putrid mating rituals between a monster and an alien. :)
If @justinsunsteemit agreed on this offer we do our best to build this fund base and buy back those domains. Nice offer of course!
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This is an interesting idea and I like that it is an out of the box thinking solution. Wish more people would pitch ideas rather than bash on everyone.
I’m still getting bashed for suggesting this, your comment resonated with me the most out of all that I have received so far and I want to thank you for having a great attitude, Steem needs more people like you.
Hey, stay strong.
Humans are strange. If you look at a picture of a room of people smiling, but one person is angry, you focus on the angry face.. why? IDK, Human nature. Keep pitching ideas and don't let the few upset faces hinder the enjoyment of the smiling faces. !
Given the current reputation of Steemit Inc, steemit.com and steemitwallet.com is not worth $1M in my opinion. Domain value estimators do not take this into account.
Sure, but given Justin paid several million for the acquisition I doubt he will sell for less.
You are basically asking him to give up his weapons and pressure points. Those domains constitute, to some extent, the face of the Steem blockchain. Their worth is definitely far more superior than 1.4 million USD.
Your post/offer will just make people, who you want to buy the domains from, realize that they own another great pressure points. If the current situation unfolds into a Hard Fork and a split, the above websites will play a key role in determining which chain will prevail/thrive.
Good job Einstein.
It's basically immaterial. Steem is currently Tron's possession. We are allowed the illusion that we have community witnesses that can prevent a HF, but that is belied by the fact the exchanges remain powered up and able to instantly assume control of governance again.
Either Tron and the exchanges execute the code that prevents their accounts from voting on witnesses, or Steem remains the exclusive possession of Tron.
Websites are just specific assets, part of the whole.
The community seems not to realize this fact presently. Since Steem remains usable at this time, we are able to continue to post and discuss here. Either the community forks and institutes mechanisms to prevent stake nominal to exercising governance at it's sole option, or remains on Tron's exclusive possession, Steem.
Would you say the same thing about Bitcoin? I've heard that Bitcoin has no company. So, that appears to be a critical difference to the extent that Steem may depend on Steemit. But that is assuming that the Steem blockchain is not independent like Bitcoin is disconnected and independent of companies and exchanges and websites and apps. I don't know how hard forks are implemented on Bitcoin. I imagine that the miners vote on hard forks and that resulted in the forks of Bitcoin Cash, Bitcoin Gold, etc. Weku forked from Steem. Others have forked as well. So, we could fork from Tron just like Weku forked from us, assuming Weku did and I think they did.
While no company 'owns' BTC, the miners control it's transfer, and therefore exercise control. AXA has been pointed to as a controlling entity of BTC, and it is demonstrable that the day the future's market for BTC was initiated the crash of BTC value began.
Yes, BTC is presently centralized, and further, the exchages are chokepoints that enable legacy financial mechanisms to specifically target users that exchange BTC for fiat.
Absent decentralized exchanges, crypto is captive to legacy financial institutions. Absent nominal mechanisms to limit the ability of substantial stake to exercise governance, Steem remains subject to Sybil attack. These are just the facts I am aware of, and not what I advocate.
At least Binance today said on Twitter they will start powering down.
To such a decentralized minded community of people perhaps its time for our own decentralized DNS' on the blockchain. Where should we point steemit.com traffic? Ask the blockchain. Stake owners need only apply. The community will decide where traffic is to land.
You don't think Classic Steemians can compete with Tron Steemians post-split or post-hard-fork? I believe we can become more popular and drive many people away from Tron Steem and towards the new and more classic Steem blockchain someday if it comes to that. Because we are hard-core fans and geeks of the original. The war between Steem and Tron is akin to the war between real Star Wars fans and Disney and you know that the Fandom Menace is winning even as Disney has billions of dollars. Same thing with Star Trek.
hard-core fans and geeks of the original
If the proper changes are not made on the chain, you can be sure that both chains will be doomed. Of course, if you like to live under 20 internal gods, that's another thing, running a blockchain isn't hard, a few servers suffice, but making the whole thing work is another story. It's like opening a copy of Facebook online than asking I don't have a billion visitors each month.