Steem Foundation Proposals Simplified
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5 years ago in #steemfoundation by abitcoinskeptic (73)
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I will have to spend more time reading about these proposals, however, if voting is based on stake I would not call this semi-democratic, but instead oligarchic. Unfortunately, that is a huge problem with steem. It was supposed to avoid the problems of centralized control, but instead is based on rules that actually amplify those problems. It appears that some of these proposals might be able to help here.
In steemalliance's newest post(I put in the link under edit), they mentioned that they will go logarithmic after 250000 SP for voters. This means that SP is worth 1 vote below, but less than 1 vote above. It has the effect of reducing their power from 53% to 25% which is a significant compromise. I'm going to guess most of the planktons won't vote, but the other people may if the word gets out. The more smaller people who vote, the more democratic....but you are right the structure is more oligarchic or corporate like shareholders. At least they are making some compromises and possibly more.
that is the goal of the cap is to find balance between a purely stake based vote and the disaster in waiting that one account, one vote would bring. This will have more of the community's votes counting than in a purely stake based vote.
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Interesting simplifications.
Just one minor note... the Steem Alliance, they are a working group nominated by members of the community and voted on by the community.
While some might be Witnesses, developers or large stakeholders, not all are. For example LLFarms and I would be two that are none of the above.
Yes, very good to point out that the working group is not just a group of influential people who just decided to do this... we are a community elected (volunteer) group who were tasked with helping to make this all happen.
I agree that #noneoftheabove is a perfect description for us as well haha.
To be entirely honest, I didn't know much about it until yesterday, so much info. You are right it's very important to point out it isn't just elites.
This is why I am writing, even people with 20sp can have an opinion that is worth listening to.
If you want to borrow any of this for official posts feel free. I hope to release a couple more posts as it progresses and I learn more.
I will clarify this. So much information.
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Oh, this is a nice simplified explanation. My one suggestion would be to link to the proposals themselves (while tagging the person involved) so readers will know the proposals you are breaking down and those making the proposals can clarify if there is anything incorrect in the assessment. Thanks so much for doing this!
If you need links to the proposals/names of those doing them let me know and I can copy from the post so you have them all.
I was hesitant to do that at first. Too many links. I think I will put in survey if they submitted it and proposal post if not.
I will update in a few hours since that is more than a phone task.
The main thing for Stars Align is that the general public is able to approach those boards for funding!
Thanks I have updated. I will continue to make these clear and concise. Hopefully more proposal writers reach out.
To be honest I wanted to throw in your graphic, but decided that is unfair at this stage. Catchy names are already good enough.
I registered to vote, thanks for your simplified explanation. More people need to be engaged. If you don't vote your complaints are less valid.
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I agree, even if I don't know what I am doing, I think I should at least try. I'm looking forward to their Minutes of Meeting tomorrow.
I already spent 3 hours thinking about this and researching it today and it won't even enable me to make a fully informed decision. I admire people putting in any effort, nevermind the people putting in a lot of effort.
Most of these proposals still have an element of centralization to them. They just move the balance of power from Steem Inc. to somewhere else.
I noticed this, too.The C-word is a dirty word for blockchain, but it does allow changes to be made, ideally without splitting the chain. The more important thing is how is the centralized power itself controlled?
If more people know about this and see that they don't need to have a massive stake, godly knowledge of governance or programming, or devote their lives to it, I think this will help.
If people just look at it and say too complicated or nothing I can do, that will be the worst outcome. Steem doesn't have a single face, it complicates things, but it is good.
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I guess there are varying degrees of bad outcomes. I'd like to see a truly decentralized approach. As I read the proposals, the one that seems the most decentralized is the Intersteem proposal. It's simple and well-organized with no real real entity in the catbird seat. The only drawback is that there only seems to be one entity right now pulling in outside investors with any scale or success. A little competition in that department wouldn't hurt.
I guess there are varying degrees of bad outcomes. I'd like to see a truly decentralized approach. As I read the proposals, the one that seems the most decentralized is the Intersteem proposal. It's simple and well-organized with no real real entity in the catbird seat. The only drawback is that there only seems to be one entity right now pulling in outside investors with any scale or success. A little competition in that department wouldn't hurt.
I guess the appeal with starting simple is it is easier to make something more complex if necessary. The drawback would be having to update it almost immediately.
I will take a closer look at all the proposals. I will wait until later when the proposal submitting is closed. I noticed one dropped, but maybe it will be back, who knows?
Thank you for your information, I am little late about this project but I've to vote it.
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I don't think anyone is too late at this point. Even if you don't register to vote at least you can still share your opinions or learn about the future changes being made.
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Thanks @abitcoinskeptic, this is a great summary of the present works in Steem alliance.
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Thank you for simplifying things! I’m going to resteem so I can read through this when I have a fresh mind!
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Thanks a lot. That was my neutral post. Next is the one where I look more closely and think about the implications.