Stars Align- Core of the foundation design that will later get submitted to the Steem Alliance RFP
The Steem Alliance just held an hour long briefing on what they are doing. Essentially they are organizing a request for proposals (RFP). That call should come out in the next couple of days. Then individuals or teams would have up to 6 weeks to design the structure of a foundation that aims to better Steem.
The call for proposals seems pretty open ended and I'm glad it is. They seem to be trying to allow for the maximum amount of people and ideas. I applaud them for that. Some of the community has had a hard time figuring out the proposals because they issue ideas like changing rewards or asking for money for stuff. It isn't that kinda proposal... yet.
The next steps for the Steem Alliance seem to be
- Call for proposals for the design of a foundation
- People submit proposals over a 6 week period where they have designed a foundation
- The community weighs in on which is the best fit
- The foundation(s) with the most traction will work on fund raising from Steemit, whales, and other sources.
Stars Align
I'm working with a team of people to put together the Stars Align proposal. At the core of this specific foundation design proposal is a non-profit entity designed to take proposals from the general public, filter them through boards with expertise, balance needs through an executive board, and finally get buyin/approval from the Board of Directors (which is comprised of Steem stake holders).
This model is a good one in my mind because it allows anyone on the platform to submit financial requests to get projects access to funds. It has teams of experts that can pay attention and review requests coming in with the keen eye of someone with experience. It will have checks and balances put in place!
- The Board of Directors can approve or disapprove, but can't design budgets.
- The Executive can set priorities, but can't review individual financial requests.
- The five "topical" boards can accept and approve financial requests but have no authority to fund them directly.
Because of this design the community will get the following benefits:
- The People get access
- Experts review
- Stakeholders get oversight
- It should be difficult to game the system for selfish profit
Just the start
No, this isn't the whole proposal, but this is at the core of what we're doing. We're building out a Discord Server so you can see the day to day of how this Foundation would run, and in that server we'll put in key details of things like how anyone could join a board.
If you align with the spirit of this proposal then come work with us. We're still assembling the team and the call for proposals hasn't even gone out yet. Together let's build something awesome that can help Steem get organized while still being decentralized.
Feel free to contact me initially in PALnet (http://minnowpond.org), and if it seems like a fit I'm happy to bring you into the Stars Align discord server and you can lend your voice to the details of how this particular Foundation will operate.
Aloha! I imagine your idea has evolved a bit by now, since you put this post out. Looking through the proposed structure, I am unclear who has the final say on financial payments. You wrote that the board of directors 'can't design budgets' and the executive can't review financial requests and that the topical boards can approve financial requests but can't fund them... So who actually funds them and how does the protection from selfish profit manifest?
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It would be good to look at how other crypto projects manage their foundations and learn from their experience.
absolutely!
Happy to do some research, but I won't have time to go through all of them in that time frame. Is there anyone else working on that front? Maybe we can divide up and then take a few projects each?
I have a point of confusion that I will ask here. How does this foundation relate to @blocktrades worker fund? Is this the body that will oversee those funds? Are they competing proposals? Will they be working together or on different specialties?
I am a bit confused.
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at the moment they are completely separate. If the worker proposal is funded then there's a chance that the steem power holders will voluntary choose to send inflation from the blockchain into an account controlled by this or another project.
Always working on making the Steem Ecosystem a better place. Thats why I set you as my proxy voter for witnesses when I heard you fell from the top 20.
I love Steem Monsters, Steem-Engine is genius and this sounds like a great proposal, will be looking out for more info. Im not a coder and limited to what I can offer you guys or else I’d love to help out. Keep up the great work Agg 👍
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thanks bud! you're welcome to come help us. Not everyone in here is a coder... like, you know... I'm not a coder :)
Id love to help out. How could I contribute.
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Seems like a very good proposal...other than the name...sorry to say. I like the separation of powers idea as well.
Experts should be the ones weighing proposals. You can't actually accept the ideas of everyone. You have to pick and choose the best and figure out how to organize them to work with the current setup.
Many of the problems with companies these days are caused because they have people that don't know what they're doing in charge of making decisions on what to do engineering-wise. You can't have executives deciding what something should look like or do...or even to ship a project that just isn't ready. But you also can't really have engineers deciding business decisions unless they're good at that. For every job there is an expert.
Has your team finalized on how the Foundation will be financed yet?
The structure of this proposal was attractive to me as it provided nice checks and balances. A bare minimum resource stream in SBD should be abailable to the Foundation so that they could at least budget for important projects which could not raise funds for whatever reasons. Some single didget percentage of the steem inflation or reward pool would be my suggestion or even the dust amount that is presently returned to the reward pool, so long as the Foundation has some guaranteed revenue stream.