The $1 Billion Steem Development Fund: How Steemit Inc.'s Stake Could Be Best Allocated To Grow A Thriving Network Of Applications And Users...

in steemit •  4 months ago

What follows is an idea...



It had come to my attention via @liberost's post, "How Should Steemit Inc Decentralize Their Stake?" that the main @steemit account controlled by Steemit Inc. is to be somehow distributing the large amount of Steem Power held in efforts to further decentralize voting power on the platform:




NOTE: at the time of this writing, the value of Steem Power in the account is just below $200 million. Where the $1 billion figure in the headline of this post comes from is an optimistic speculation of Steem's price increase over the course of this year, based on probabilities of a large amount of capital continuing to flow into the crypto markets throughout 2018 - paired with the realistic assumption that such an idea would take months to be developed and executed, over which time the value could reasonably reach $1 billion.

In @liberost's article, he suggests a few possibilities as to how such a redistribution could be done:

  • Burn
  • Sell on exchanges
  • Sell to institutional investors
  • Airdrop

This article is to introduce another option to the list. Namely,

Dedicate the Steem as a designated fund for the development of new applications to be built on the Steem blockchain.

The purpose:

  1. Grow the Steem userbase.
  2. Incentivize the creation of significant new valuable protocols within/for the Steem ecosystem.
  3. Effectively develop niche communities leveraging Steem's blockchain & rewards protocol(s) to extend the types/forms of value generated and rewarded through community projects beyond Steemit.



Now, there may be a significant stretch of the imagination here to see the potential bigger picture, as there's a great deal of complexity and components that'd be essential to the execution of such an idea.

However, for now, let's keep it on the simple side.

Starting from scratch...

Consider that 100 applications were selected and supported, each with a primary account delegated $10 million worth of Steem Power with which to upvote the highest quality contributions within the group/app.

Such an amount would enable the means to support groups of core contributors working diligently to advance the purpose and mission of each community / application.

For an existing example, consider both the dMania and dSound accounts.

Each has a significant amount of Steem Power, such that they've been able to effectively incentivize users into engaging with and sharing the applications - growing their own userbases, while providing the larger Steemian community with opportunity to create and be rewarded for different types of content/value.

This same concept & model could be implemented within any number of varying applications and sub-communities.

To make this idea a bit more tangible, here are a few examples of potential protocols/applications that could be developed and supported through such an initiative...



1. An Incentivization Protocol For Enlisting New Users.

This concept, has moreless been taken from a feature planned for the Electroneum cryptocurrency.

As it was explained, Electroneum is to implement an app/feature to serve as a customer-aquisition tool, whereby registered users can earn a few tokens by referring friends to join the network - providing their friends a QR code to scan in order to easily join, which then deposits some cryptocurrency in their wallets.

Whereby Electroneum appears to have designated a budget of its tokens for such a purpose, designing a similar application on Steem could be different in that rather than having to actually pay out Steem as the incentive for referring friends, the primary account for the application - holding a large amount of Steem Power - could simply execute an upvote for a given action, thus not "paying out" a direct compensation, but serving to allocate a small fraction of the rewards pool.

Of course, there are many details and particulars of how this would be best setup.

However, an effective design and execution could generate an excellent means for growing the userbase - employing a sort of viral marketing strategy without an actual "customer acquisition cost."

Developed most effectively, such a protocol might be not just a single application to onboard users onto Steemit, but a component which could be integrated into and leveraged within any of the applications built on the Steem blockchain - thus, providing application developers the means to further incentivize their user bases to share the apps with friends.

To recap: this would be made possible through the delegation of Steem Power into an account setup specifically for rewarding the action of referring friends through such a protocol.



2. A Voting Protocol and/or Application

While there may be many potential applications of a protocol/application designed for voting / democratic decision making, let's consider a specific one here...

If this whole big idea were to play out, how would the applications/projects/protocols be selected to receive the support of the "fund?"

There may already be many applications in development on Utopian.io that could potentially be worthy of such support, and many more ideas coming in the pipeline were such an initiative to be launched. Yet with so many to choose from, who would make the decisions?

Here, could come in a voting protocol/application.

With incentivization for participation in the voting.

Were a huge list of projects come together that required a democratic process to determine which may be best to support, here again, an protocol/application could be developed with a master account holding millions in Steem Power which could allocate standard upvotes according to the action of a user's participation in the decision-making process.

If Steemit Inc. were to like this whole larger proposal, and valued the input of the community to help determine which of a list of projects we'd like to receive such support, the implementation of such a protocol/application would allow for the delegation of a significant-enough amount of Steem Power to provide all Steemians an actual financial incentive for their participation in the democratic process.

And of course, there may be several other topics/subjects/matters/decisions which such a protocol could be utilized for.



3. Project-Specific Applications: Free Energy, Water, And Sustainability Solutions

Imagine a $10 million segment of that Steem Power to be designated towards the support of projects such as the creation & implementation of free energy devices, solutions to water crises, and sustainable technologies...

The master account using its voting power to support community members who are building such devices/technologies, successfully introducing them to their local communities, and sharing their success stories and blueprints with the online communities.

i.e. Steemians in Africa and Indonesia accessing design blueprints for free energy devices from the Keshe Foundation via the app / community's resource database, building them for their neighborhoods, sharing the success story in the app - syndicating over into Steemit - and receiving upvotes which not only their production costs, but provide the means to build even more for their communities.

There could be several variations on the "application," custom-tailored to specific sustainability challenges.

There could even be project-specific communities/niches with UI's designed for select NPOs/NGOs who are already working on solving such global challenges - providing the leverage of Steem's reward system and media outlet to:

  1. reward their successes.
  2. bring greater attention to their missions.
  3. syndicate their success formulas for implementation elsewhere in the world.



Granted, this is all a BIG-thinking approaching.

None of this would be likely to happen quickly or easily. There are undoubtedly countless minutae that'd need working out, and the collaborative efforts of hundreds/thousands of Steemians to evolve the different aspects of such an idea into action.

However, it is of my personal, humble opinion that if such an idea were to be embraced by Steemit Inc., the commitment to allocating their stake of Steem Power towards such a "development fund" for the growth of the Steem ecosystem via the support of a growing network of protocols and applications could perhaps be the optimal allocation of that Steem Power.

Just as ConsenSys has served the development of Ethereum's network of applications most excellently through their "hub & spoke" model, developing a range of interoperable component applications and supporting numerous ventures built on their blockchain, so too could such an allocation of @steem's voting power amongst a number of high-quality protocols, projects, and applications do wonders for growing Steem's ecosystems well-beyond Steemit.

And just as The Pineapple Fund has provided an amazing inspiration example of what good can be done through channeling millions of wealth created in crypto towards honorable causes, so too could Steemit Inc.'s decision on how to redistribute its wealth impact numerous projects and initiatives - though perhaps while not through conventional charity via giving directly, allocating its resources through the structures to distribute the rewards pool into a variety of initiatives facilitating a fair compensation of extraordinary value created for communities beyond the borders of Steemit.

Food for thought.



It is my hope and intention that this idea shall stimulate further contemplation on the possibilities for the challenge Steemit Inc. faces in decentralizing its voting power, and that it may reach the people who may be in the position to advance it into action - should they, too, see the potential opportunities addressed herein.

So... if you happen to agree that furthering discussion regarding such ideas would be of benefit to Steem and the community, please do show your support for this post through resteeming and sharing in other channels so that it may come to the attention of a wider audience who may be in a stronger position of influence to forward the dialogue started here.

Bless... 🙏💗

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I'm not a fan of allocating funds that are not my own ;-)
I would rather opt for them to being "selfish" in a way as they are doing it now. Driving steem core (blockchain) development, and other R&D projects, thanks to which we have upcoming HF20, communities, appbase, various performance improvements, onboarding users (funding accounts), helping various projects grow (busy, dtube), etc. etc.
At some point we (the community) will outgrow their stake.
Question is, are we capable of doing great things or waiting for others?

PS
Do you know how much is for onboarding 5,000,000 users?
$10,000,000 in liquid steem and $290,000,000 in at last 30-day SP delegation.

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I don't think anyone is arguing against more funding and support for core blockchain development and other items in the development pipeline and hopefully HF20 will help alleviate the onboarding costs because what we have now is not a scalable solution, as you've shown.

I think what @rok-sivante is proposing here is something that's been on a lot of people's minds in the Steem community recently - especially since the "aggrandizement" incident - and I'm happy to see proposals like this being presented in a clear and well-thought-out manner. Even if it doesn't end up getting implemented it's good to bring attention to the subject and let the powers that be know what the community is thinking.

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Very informative post! upvoted!

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You mentioned a lot of 2017 (and maybe some 2016) roadmaps items in that list of upcoming things, Gandalf, so what makes you think they will finally appear this year when ("more info about smts here") is the only thing we ever hear uttured anymore by stinc, and the rest of the community like chain and busy and zappl cant seem to get massive adoption away from the swamp here?

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I'm a witness, I witness things ;-)

Serious now: I pay attention to what's going on the platform including various projects (core, 3rd party). True, some of those features / projects that were on the roadmap was expected to be live earlier, but as always: better safe than sorry.

(Yes, I'm one of those crazy people that haven't powered down even to cover my expenses yet)

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I know you are and do and have and did :) I'm a witness too, I think you knew this. :) Anyhoo... I too remain optimistic, but I am powering down a little bit for the next couple weeks, because I'm travelling to 5 countries and circumnavigating the world to meet steemitizens, and need a bit of emergency funds in my zipper belt for that trip :)

I give the rest away via @YouAreHOPE Foundation or power it up or pay the bills, I am trying to hodl and remain optimistic of course, or I wouldn't build charities and streaming networks and communities here, eh? But I am also trying to integrate steem as a basic part of my daily financial life in anticipation of the day when I can solely rely on it and leave behind my 35 year tech career finally. (Im a VP of Tech in a SaaS company off-steem)

One day at a time man.

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I'm travelling to 5 countries and circumnavigating the world to meet steemitizens

That's a good reason for powering down a little. :-)

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Just a little, just for a minute, just to see how it feels. Shhhh, let it happen. I won't go full auto, I am mostly delegated to my projects anyway.

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mr.@sircork please follow and upvote me okays

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You are absolutely right , o surport your comment

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Seeing Steemit Inc using their stake directly funding some projects I coulnd't agree with this more.

As for Steemit Inc delegating some Steem to good use, I tend to disagree in a lot of cases. Isn't the best way for Steemit Inc to decentralized their stake no to vote at all?

When Steemit Inc is delegating the only thing they are doing is choosing where the newly created Steem are going and I tend to think it should be avoided as much as possible because it's screwing with what the community wants to see being voted on.

It's not necessarily bad but it's the opposite of the wisdom of the crowd and decentralized decision making.

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Hi @teamsteem agreed with you regarding the best is they use the stake directly for some must do projects agreed by the community!
From the part of @rok-sivante talking about having the guild to vote people that refer friends, that is very connected to my idea of around 2 months ago of creating the invite a friend button so that we could easily invite friends. And what if we could earn a good upvote when using the app or software to invite a friend, were we use the invite a friend tag and we get an upvote once the friend signs up. I like that idea. Here is the link to this idea 2 from months ago, that @timcliff selected it as an important thing in the 2018 Roadmap for Steemit:
https://steemit.com/steemit/@gold84/we-need-an-invite-a-friend-button-on-steemit-together-with-its-infrastructure-this-will-accelerate-the-growth-of-the-steem

And something totally different, another topic, I was wondering about the Steem book you made. Did you print phisical copies? Were you the editor? Did you hire someone here or somewere else? Are you selling it? I want a copy in PDF or Physical.

Looking forward to hear from you!

And AGAIN Huge thanks for all the support you are giving to my posts, and my blog. Thanks for stopping by a few minutes.

--
Regards, @gold84

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I think we need to wait for HF20 and see what Steemit Inc solution is for that matter.

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Thanks for the followup @teamsteem !

Regarding your book! I was wondering about the Steem book you made. Did you print phisical copies? Were you the editor? Did you hire someone here or somewere else? Are you selling it? I want a copy in PDF or Physical.

Regards, @gold84

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I don't have a physical copy and I don't have any pdf version of it either. It's all scattered on my computer. The best version are my post versions.

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Understood @teamsteem ! I wanted to learn about what you did with the book, if you hired an editor or what happened! It would be great to make physical copies and get it to the hands of the masses, so they see how real the steem blockchain is!

I was thinking of making the full steemit guide in phisycal paper or PDF so as to get it to as many hands as possible.

Regards, @gold84

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halo @teamsteem please follow and upvote me

Whereby Electroneum appears to have designated a budget of its tokens for such a purpose, designing a similar application on Steem could be different in that rather than having to actually pay out Steem as the incentive for referring friends, the primary account for the application - holding a large amount of Steem Power - could simply execute an upvote for a given action, thus not "paying out" a direct compensation, but serving to allocate a small fraction of the rewards pool.

This is an outstanding idea. I would take it step further to ensure the payout from the apps upvote could reward the referer and fund the new sign-ups account with Steem so there would be no waiting period to get started. Something like this would go viral very fast.

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there'd probably need to a be a few different pieces in place...

having had a few friends have to wait days for account approval recently, I've realized it's probably to protect from having people abuse the system and set up fake accounts or ones just for bots...

might need to have something in place that quick-checked other social media profiles, similar to how Onename has their verifications in place - perhaps as well as something related to reputation scores...

though as long as such steps could be built in to prevent abuse, yeah.

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hey @luzcypher Please follow and upvote me okay

Great post. I think there are multiple good uses for this stake, but kudos on a great proposal that launches the discussion forward.

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halo @donkeypong silahkan ikuti dan upvote saya

Burn or airdrop

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that'd be simple and easy. but why not allocate to support thriving projects and communities instead...?

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Hey Rok

This is something I'd really like to see more of. I've recently become a witness @steemcommunity and our focus (as the name suggests!) is to support communities by way of helping retention of existing users.

As @paulag highlighted recently in the link below, we suffer hugely from retention issues, but with a 'simple' League of engagement that I've been running for 6 months or so now, the retention rate of these users, joined since Jan 2018, is up at around 85%, as apposed to the average across the platform which is more like 40%.

https://steemit.com/witness-category/@paulag/how-to-engage-and-retain-users-backed-up-with-steemit-data

As I said, we are new to the game witness-wise, but have our policies laid out clear, and are not into the bidbot craze, or exchanging of votes to rise in the ranks.

https://steemit.com/witness-category/@steemcommunity/introducing-steemcommunity-a-witness-project-by-abh12345-and-paulag

The stake delegations to communities that are then sharing this out to the keen and engaged sounds like a solid use of centralized SP - this is what we do individually, and will continue to do as time passes.

If you have a little time to spare to check out our mission, i'd be very grateful, cheers.

I see the possibility of the Steemit Inc account being used for amazing things. I really don’t know how much of those reserves are necessary to maintain day to day operation and how much of it can be reinvested into community development. Either way the proper use of these funds could equal big things for us here if for no other reason than to help decentralize the platform. As far as I can tell that is the biggest problem facing the platform. Allocating those resources to continue development while becoming less centralized is a huge win. I look forward to what comes of this. Thanks for the post!

Not trying to be snarky here Rok, you know I dig you man, but how is this different from @jerrybanfield's contract proposal concept?

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I don't know which proposal you're referring to, thus can't answer the question...

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OK well, a couple months ago, Jerry pitched an idea adapted from yet another crypto network that involved stake being available to developers for work via some kind of proposal and award basis, not completely in a different universe from where you are heading. I also noted this on his comment on this page, and await a reply, which I usually get from @jerrybanfield as we are in support of each other's witnesses, among other things. I am only curious, because you both brought this concept up now, and others have alluded to similar ideas, so there must be some common interest in it and Id like to see both ideas in one place.

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Ironically his autovoter bot comment below me here refers to it

https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals

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hmmm, maybe that 100th monkey syndrome at work... :-)

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hahah :)

Thanks for this information.

Hi @rok-sivante,
I agree to the whole idea and I hope to see more feedbacks from the community about theses suggestions. Because we are already working to implement some of theses ideas in a AIO platform.
Cya.

Truth be told, no vision bearer would himself, conjure or seek the downfall of his dream. There are a lot of speculations postulated against the steem board which hold claims that's the decentralized idea is in fact "centralized" ...

So in other to debunk such views we can only say opportunities should be further given to developers who like you said, would be able to build something tangible over time with the steem blockchain.

Remember you can't eat your cake and have it.
In my own words, I would say, let those with the knowledge of how to improve our dear Community be rewarded alike.
Greater heights to the world steemit community.

how is your next step ?,

If out of all the problems you have voiced, at least a single list of applications with description and rating will be implemented, this will be a big breakthrough. I recently joined Steemit and I do not have enough of such a list to master the platform. Understanding of many principles and rules takes a very long time. I support your ideas even if these applications are paid.

this is a great idea, hopefully it's fast growing.

Certainly in support Rok...In order to truly hit the next levels of scale needed to break through the next societal layer, these types of ideas need to be pushed. Let me know how best to support.

very good analysis master. I have read it and it's hard to understand all your information because of my ignorance of english. then I need one shorter explanation.

Please answer my question on this one in your opinion. How important are such projects for the development of this community?

Thank you.

Good luck master @rok-sivante!

During the last month, we have seen the rapid growth of steemit and we can conclude that this platform is the future of blockchain technology and steem is the currency of future.

Steemit Inc is currently funding projects with large delegations very effectively such as @utopian-io, @dtube, @dsound, and @dlive as well as paying to onboard users currently. As @gtg said the onboarding cost the way it is setup right now is huge. When paying to onboard users is no longer necessary, continuing this discussion will hopefully keep expanding the projects Steemit Inc is able to fund indirectly with stake!

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This is quite true as I have seen a lot of progress on the Steemit community as a results of open-source projects and suggestions utopian Iowa and others are welcoming...
Like I said before,

no man is an island

and since steemit supports Improvement, then let there be rewards for those who come up with these ideas.
Quite a laudable one

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Jerry I asked Rok this and then saw your remark here, i'm interested in hearing from both of you on how your two similar contract proposal concepts differ or align?

Thanks!

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halo @jerrybanfield please follow and upvote me

That's great news. I hope crypto money will be nice for us humans. I read the scissors. Very good quality sharing. I will follow you constantly. @rok-sivante

Nice post.I respect you very much because you contribute to steemit.I will do activities like you.I would like to extend the steemit..

Thank you budgets for making a transfer to me for an upvote of 67.11% on this post!

Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem!

The other half helps holders of Steem power earn about 60% APR on a delegation to me!

For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily?

To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?

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mmm... not sure if this comment got posted in the wrong place, or you're using some kind of bot, as this seems a bit odd and out of place...?

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Somebody bought you a bot vote from Jerry's bot. This is an auto reply above.

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ah k. clarification appreciated.

I really like to hear about post @rok-sivante,upvote and resteem.

I've been here a couple months and the insincerity is the first thing that stood out. There are people who share thoughtful comments and you can tell they're just trying to get a vote, but at least they put some time and effort into what they're saying.

The group that bugs me are basically e-beggars with lazy, low-effort "thank you for posting"-type content. It's like chicks fishing for compliments and attention on Insta, but instead of putting SOME work into a cute photo they just snap a pic of themselves laying in bed, messed up hair and face pushed back showing off the double chin.

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mmmm.... I'm not totally sure how this relates to the post in question. however, I do agree with you, and have consistently addressed it when it comes up.

it's very interesting to writing, yo're the best brother @rok-sivante

So... do you want me to spend a day tagging every witness in the list to check this post? :D

Or are you a big enough user to know them all by now?

I really love this idea and it sounds WAAAAY better than what they're doing right now.

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truth be told, I don't, and aren't quite sure how/who to get such an idea to.

so you figure if I were just to tag in the usernames of all the witnesses, that might get some of their attentions and they might be in a position to somehow advance these ideas...?

(I'm sure I could find the list and do it myself, so no, definitely not asking that of you. 🙂)

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Well, I would definitely look at the top ones and try to present this to them.

If one thing my short steemit lifespan taught me is that knocking on doors, no matter how big, works.

I think this idea has a lot of merit, and so I would love to hear what those top witnesses think of it and try to get the aboard...

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cool. 🙏

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Spending money on "researching and developing the Steemit website" - Boooo!
Honestly there are ideas in this post that are much better... And with 200 million dollars, holy crap these bastards could built the absolute best possible platform and user experience imagineable!

With a billion dollars?

Why the fuck is Steemit so shitty if they could spend a billion dollars on improving it!

Okay sorry I'm not trying to diss Steemit, I love it! But I did not know that there was a fat pile of money sitting somewhere that was looking for ways of making Steem more attractive...

I know you upvoted it but did you actually read my latest post? It was about a new front-end / new conceptualization of the Steem experience...

If you get in touch with any of the witnesses, try pitching them this idea!
I just want to see the day that something like this comes together... And I'll be happy whoever whatever way it can be achieved... I'm gonna try to get some sketches done for my next posts about it...

Peace Rok!

Great idea about setting up community accounts that can further incentivize user participation in the eco-system... Even beyond your idea of voting for projects, it could be a staked-thing like voting for witnesses, lol.
Although that would be heavily undemocratic in the current format of Steem hahaha, but hey, plutocracy does have its perks

And hell yeah, I also believe that the Steem blockchain has the power of funding and supporting projects that virtually no other system in the world has the power to do... Charities? forget it...

A super awesome self-funded growing community? Yeah, that could work...

Directly funding people's actions via blockchain reward pool xixi

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don't get me wrong - I'm not suggesting putting the funds into developing Steemit here, but rather growing the ecosystem of apps on the Steem blockchain.

Personally, I don't know how much further Steemit can be pushed - whereas there's alot of merit to the reasoning that advancements will be made with the development of niche communities.

I think the merging of such communities with a fusion of protocols and different apps and blockchain interfaces may have much more potential, and far greater opportunities ahead with other ways to utilize the blockchain and rewards pool outside of Steemit alone.

And...

Holy shit. That linked article is GOLD.

Upvoted this comment of yours at 100%, because already upped the vote on the article full-power and is worth so much more in my opinion. ✨

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Dont do it! Ask @swolesome what you get when you tag 100 witnesses!!!! LOL

anather lovely writing i see here its beautifull thankyou for shareing...

very nice project ..
god bless you.

I can only see and listen to it

Sounds like something that could do a lot of good to the whole ecosystem!

I love the idea! Well, I'm developing on top of the blockchain so my point of view might be biased but when I see what's Utopian is already achieving in such a small amount of time and with 'only' 4 millions of delegations, I think your idea could speed up a lot the ongoing projects, bring more value to the whole chain and attract new users.

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halo @stoodkev please follow and upvote me

Suppose user L recruited person R to become a new Steemian, and this fact was confirmed by both L and R in Steemit posts, and L resteemed R's recruitment confirmation post. Suppose further that L's followers had somehow helped L in the recruitment of R, even if only by R having seen or heard how they supported L by upvoting L's posts on occasion. In our current incentive structure, if L's followers upvote either or both of the recruitment posts, they can potentially earn curation rewards.

You're suggesting that the at-steemit account could incentivize recruitment by automatically (or otherwise routinely) upvoting L's recruitment post, and possibly also R's recruitment confirmation post, if I understand you correctly, giving R more starting STEEM.

I'm suggesting that this should not happen to either post until near the end of its payout period. If it happened early in the payout period, the high-powered upvote from the at-steemit account would reduce curation rewards for L's followers (and other readers who upvoted either post).

I'm also suggesting that new Steemians who recruited themselves are no less deserving of extra STEEM than those who were recruited by others.

Because of such considerations, my support for your incentivizing recruitment idea is wavering at best. The same applies to your idea for charitable support of so-called free energy devices. I'm not sure what you mean by this term, and the Keshe Foundation link you provided offered little clarification that I could find, but the phrase "free energy devices" has a long, discouraging history.

In spite of these qualms, I am resteeming your post because you did right to get the conversation going and I want to expand it. Cheers!

A thought: Not everyone can contribute through building apps on Steem, not all Steemians are technically capable for such kind of contribution. Till now all major delegations have been given to app developers while ignoring the community creators.

There are many very nice communities which are already working on the Steemit.com platform itself which are promoting cooperation, group development and overall improving community participation and content quality. Should not a portion of the massive steempower available with Steemit be distributed among the most elegible of these communities? After all, the technology solutions being developed are only means to an end, and that end is not technology itself but improvement of lives.

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exactly.

hence, such "delegations" to distinct "applications" would increase the amount of rewards potentially available for different types of contributions - just as dMania has provided funds for people who are making memes, dTube for those posting videos, dSound for musicians, etc...

My friend,

How are you @ rok-sivante?
I think you're fine.
Sorry for some time I rarely visit you, I'm a bit busy.
Oh yeah, last night I read some of your old posts and I found an interesting post about writing, before I ever made a post also about the importance of writing, but I am interested to share your post with a different way of thinking. I hope that many people will understand why they should write if other posts make more money?

If you are not busy and have time, please visit ...
https://steemit.com/indonesia/@moexyn19/kenapa-anda-harus-menulis-jika-postingan-lain-lebih-menjamin-sukses-versi-rok-sivante-86e6ec3a7e012

Cheers 👏💕

Steemit needs to figure out if it's a voting stake or not and if it is what are the priorities. I have argued you need to fund tools for the devs, communities for the bloggers, and kickstart new buisnesses for the merchants. Those are the 3 stakeholder groups they should be concerned with now.

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halo @aggroed please follow and upvote me

Thanks your info

I had to take my time to read thoroughly, This post is educating I must say!
Thanks!

They could always give it to me and I’ll stake it 😜

Hi @rok-sivante . Great ideas here. Here is what I wrote in another comment about one of your ideas:

From the part of @rok-sivante talking about having the guild to vote people that refer friends, that is very connected to my idea of around 2 months ago of creating the invite a friend button so that we could easily invite friends. And what if we could earn a good upvote when using the app or software to invite a friend, were we use the invite a friend tag and we get an upvote once the friend signs up. I like that idea. Here is the link to this idea 2 from months ago, that @timcliff selected it as an important thing in the 2018 Roadmap for Steemit: https://steemit.com/steemit/@gold84/we-need-an-invite-a-friend-button-on-steemit-together-with-its-infrastructure-this-will-accelerate-the-growth-of-the-steem

Thanks for sharing this great possibilities to have the funds more decentralized and better distributed.

Regards, @gold84

I think there is a big problem with starting to use this huge stake in any significant way different than Steem Power delegation to projects. The problem would be that it would be a big market force to drive the price of Steem to go down. So anything that includes powering down would be detrimental in my opinion.

On one hand, I'd love for there to be referral program to provide bounty for people that bring in new users to the blockchain, but I see huge potential for abuse. My bet is that at least half those funds will go to abusers creating accounts just for the referral bounty. As much as I'd love to see a working referral program and as much as it could boost the efforts of the #promo-steem community that I support strongly, I see it as bigger opportunity and incentive for bots, abusers and spammers.

Still, I'd say that having this conversation is a good idea and I see nothing wrong with pressuring Steemit Inc to divest themselves from this huge stake if it indeed makes sense to do. Currently, they are the ones delegating Steem Power to new users and paying their registration fees.

Well I found my way to this post rather late after you created it, so won't upvote it, but I absolutely love your thinking! These are some of the ideas that made me first fall in love with crypto. I love Steemit for different reasons, so to see you find a way of integrating some of these ideas is just wonderful.

You're right that there is tremendous potential there for things like funding important initiatives that aren't even focused online. I think that is where crypto (and hopefully Steem specifically) establishes that it isn't just about moons and lambos. This is serious, world changing technology in so many ways, and we all have to start dreaming bigger. I see you as doing that in this excellent post.

Did you get any response from them or make any progress with this?

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mmm, not really. had one of the witnesses share it with a group of witnesses and/or top players - don't know if anything came from it after that...

🙏