RE: "Losing 20%" : Low cost for high gain?
Once the proposal system is in place, the developers will have essentially 20% of the current rewards just for them so, in an act of good faith, development updates should perhaps decline rewards. You want to get paid as a developer? Develop what the community needs and wants - it is time your ideas have to stand on their own two feet.
That would be nice. I just hope we're not creating a Steemit Inc Junior that just keeps holding their hand out for more money and doesn't finish the job or takes years what others in the community can do in weeks for 1/100th of the cost.
I have mixed emotions hoping a fund like that can attract full or part-time talent that was laid off by Steem or another blockchain platform during the downturn that can make much-needed improvements to attract new investors.
I am hoping that part of the proposal system is tracking of completion etc and that each developer can be assigned a trust metric.
So basically making the developers accountable to the community – which we don't have with Steemit Inc since it's a private company.
As said, getting shit together finally. No point complaining about the authority unless there is a way to take responsibility for what that authority takes care of. I think that in the end, it had to happen and perhaps it is better now that price is low. As prices increase, maybe new dev teams take an interest too.
Developers are the ones who make the magic in the end, on the technical level at least; community tells what it wants. Obviously nothing happens without developers, so it sounds like a reasonable investment to incentivise developers. Ain't no other magic tricks that would bring long term increase in value.
Agreed to the trust metric, accountability, and to attracting new dev teams as prices rise!