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RE: Steem Works: A Funding Mechanism for a Worker Proposal System

in #steemit6 years ago

We already have inflation. The worker proposal system is completely unnecessary, however. How would it work? People submit proposals, then a group of people vote based on how they want the pool allocated, then at the end of the voting period, the money is distributed?

We already have this system. It's called "blogging."

This kind of proposal system is needed on blockchains like Dash or SmartCash because they're proof-of-work blockchains without the kind of stake-weighted voting that we have here on Steem/Steemit to allocate/distribute rewards. It serves no real function here on Steem that doesn't already exist. If you want to fund worker proposals, all you need to do is create a group/community where you can share your ideas and vote on them.

In fact, this has already been happening since the Steem blockchain was launched. Worthwhile projects are already being funded via blog post rewards from announcements and updates, and even donations from various users. The only thing a worker proposal system would accomplish is reserving dedicated funds for projects...which would just add another rewards pool to the ones that already exist. It just adds complexity and complications to an already complex and complicated system - and would likely just lead to another avenue of abuse and waste, like funneling money into worthless Facebook advertisements to bought/fake followers of certain "influencers" around here.

As I said in another comment - if there is a serious concern about inflation going to whale accounts, then propose reducing or eliminating the inflation. That would have a bigger impact than creating a redundant pool and system for allocating/distributing funds.

And no...this isn't "trolling." I don't think that word means what you think it means.

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