Final Cut Proposal

The Hive

Howdy folks'.

@abitcoinskeptic

This is an effort to try simplify or expand on what I have said before. We need to invest from the Steem chain to industries in the physical world to provide for remuneration and the ability for this remuneration to grow along with the chain. Create the ability for daily use of Steem Provide support for development and projects existing on the front-ends. There is a vast amount of things the foundation is being set up to perform. They will all require funding of some kind. To remove anything from the amount of Steem delegated to this project would leave us with a smaller ability tomorrow. None of this initial support to the foundation should be removed unless it is being returned to the original account. In this case Steem Inc.

I am more focused myself on the remuneration to the Steem chain. than the projects that do and can exist on the chain.

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No matter proposal is chosen, The delegation will be given to one account. From this account a dispersal of funding would occur. I propose that this first account be a support account. The support it gives is in the form of a vote. This vote grows each of the 13 primary accounts created. Each of these primary accounts would perform tasks or duties according to the agenda set to them.

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The first account would gain an investment of $5M Steem. This powerful vote will vote equally to the 13 primary accounts. the only growth this account will see is from any curating rewards it gains. This can assist to offset inflation to some %. At current values this would mean each account would grow by 75 Steem each day and generate in total 975 Steem to go to the Accounting account. This liquid Steem is used to finance investment into the physical world. Doing the opposite of what a FIAT investment would do. Investing from the Steem chain rewards pool into FIAT industry, we reverse the trend of Crypto for FIAT profit. Each service we offer would also accept Steem as a form of payment, Any FIAT payments are converted to Steem and sent to the Accounting department for re-allocation.

From the 13 account created they can be divided to different categories. These are demonstrative illustrations only and not an end proposal of specifics. The specifics need to be discussed.

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The initial Liquid Steem gained serves best to go to physical world industry and create a demand for Steem by the remuneration to Steem it creates by services provided. My own suggestions are energy and accommodation to begin.

Of the 13 primary accounts this. One account gaining the advantage of the initial liquid Steem leads to a quicker return and no reliance on the chain for investment within that industry. The support to projects on the Steem chain increases with the growth of each individual account.

These 13 account hold responsibility and accountability. The position is not a guaranteed position. These a voluntary position to begin which should turn to paid positions as our ability to do so arrives. The reason why they are to become paid positions is to have the right person in the right place, No individual or entity besides the foundation itself should have any control over those accounts. These would be represented by chosen legal and accounting industries.

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Of the thirteen account created one should have a focus remuneration to the chain. this leave 12 other accounts for all other projects. Less one to cover legal and accounting costs. Maybe another for unseen costs. One for development, focusing maybe on Dapps or chain code. 8 or 9 account would be available for supporting Chain based projects and existing along with future generation communities.

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Within the Chain remuneration account support will be given to other accounts that are seeking investment from the Steem chain. The first of which I propose to be is Energy. The energy account would be one account support by a vote from the Chain Remuneration account. The Liquid Steem generated would go to the accounting like every other account. This ensures transparency of where the finance is going. Using renewable energy as a source of income is only one option. Alternative options are also viable.

Our target consumer is those who are not on the Steem chain. We do this with a focus on a community in the physical world, concentrating the area were Steem is accepted for energy. This concentration of the use of Steem for energy, will have a natural tendency for Steem to be used locally for other means. Growing the grid to facilitate supplying energy to small retailers will provide an opportunity for local corner shops to accept Steem as a payment form.

We do this in hubs of communities and we grow big by starting small.

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The advantage to using our service for energy is the cost reduction. To attract new consumers we offer a price decrease of 10%. This rebate is given in the form of 5% from the total cost and 5% rebate with Steem. This builds up Steem in a persons wallet which they will eventually be able to use to pay their energy bill or other developed use.

Through the development of physical world industry. We can generate the demand for SBD/Steem. All services offered will accept Steem as payment, Payment made in FIAT would be converted to Steem and sent to accounting.

This is not a private foundation, It should be a chain foundation. Many of the positions this will create are going to be ones of accountability and responsibility. These position can hold certain amounts of stress just in their daily activity. People undertaking these positions would need to perform to the guidelines et out to each account and the direction it takes.

You don't own it, No one does, It cannot be bought or sold. It exists to provide a demand for Steem/SBD.

I would like to make a note here. Any external investment or business investment, Takes away from the progress of the foundation as the chains ability to remunerate external sources is now needed too. Any private entity or individual outside of the "foundation" holding any authority over the foundation should be avoided. The legal and accounting account are there to ensure things are done with the interests of the chain. Avoiding steering to a personal goals.

The location of this foundation is also key. I have heard a few suggest the United States. I think this could be an error. As soon as any strength is gain by the foundation, The US Fed will be in wanting a list of all the persons involved and Identities. The financial records of everyone, regardless of their nationality will have to be provided or the platform closed off. Our assets can be seized for non compliance and anything we build torn down. The US Fed have no authority outside of the US. They have no rights to request the financial records that are not of citizens of the US.

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Some other groups I invite you to take a look at are:
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The @cryptoempire Discord Server: https://discord.gg/9JhyHXg
The @asapers Discord Server: https://discord.gg/2gJD7PW
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The Whaleshares Server https://discord.gg/XbME6Np


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Thanks for 5hebuodate and clarifying what this is. I am making a post on the proposals, I will add this as a note since it expands on your previous post.

In my opinion this would be best for incubator concepts and is actually inline with the incubator projects proposed by some others.

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This is a project I have talked about since I cam to the chain back in January 2018. The only things that have changed is the extra knowledge of the blockchain and Steem.

As for the incubator. If there is an interest in establishing a system of this sort I am open to discussion. There are many years of thought prior to the Steem platform gone into this concept.

You should definitely get on an incubator committee for whichever proposal wins.

I need to include strengths weaknesses and differences, but I will put that in another post.

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