Agree.

Socialize the cost, privatize the profits. What can go wrong?

Even today a ton of substandard projects have no trouble getting all the funding they need on steem. Steemians are all too happy to throw their money on just about any project that shows up and promises some ROI.

Given the history of the projects that were funded and fled I don't see this proposal improving the situation. The problem we have here is not the lack of willing investors, the problem is the lack of good projects to invest in.

PS - If the SPS goes live, I've got a good first project for it. It involves magic and a small cube with each side having a different number of spots on it, ranging from one to six, thrown and used in gambling and other games involving chance.