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RE: Fixing a Problem in the Economics of Steemit

in #steemit8 years ago

There is a rarely used real-world mechanism where shares are "held in trust" to the objects of a company. This essentially makes a for-profit company (with shares) a non-profit. You could enhance your case for "supporting" these guys by a kind of offset where a portion of their Steem reserves are held in trust for Steemit development work.

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I think this would be a good idea to keep tabs on the funds
For the most part I trust them, but if others think this is necessary I'm for it

It is also an interesting question how such a trust document could affect their SEC position with respect to how their interests are committed/used. In general, the upside is that it keeps them honest, and, notwithstanding the foregoing concern, I see no downside.

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