RE: Announcing Steemit's New Delegation Application Process
complete a Delegation Renewal Form and post it to the Steem blockchain on the first day of every quarter
This seems unnecessarily strict and not account for regional work days, holidays, downtime, etc.
How about requiring that it be posted and active for voting on the first day of the quarter, which means it could be posted at any time up to 7 days prior.
Also, I would suggest asking the projects about their plans not only to power up STEEM but also to burn STEEM. Of course, there would be no requirement to do so but burning tokens is a great way that some projects could provably demonstrate value returned to Steem, especially if the economics of the project involve external value (e.g. fiat sales of in-game items, promotion, services, etc.) used to buy the STEEM which is then burned. Power up is nice but it can also easily be powered down and dumped in the future. Burned tokens can never be sold.
I think the issue with burning STEEM is that it's needed for RCs to use the blockchain. I would think that the goal of nearly all the apps on the platform is to grow to a large number of users, in which case they will need a lot of SP available to make sure their users can interact with the platform. If they are burning STEEM then they won't have that, so it seems counter-productive to growth.
If we want to encourage the burning of STEEM (which I would think that we do) then perhaps we can consider adding a new mechanism where you could burn STEEM and then receive a certain amount of RCs forever going forward. This, coupled with the proposed RC delegation pools, should solve the problem I described above.
Maybe no the permanent RCs. But, burning Steem to recover RC seems legit.
That's actually a pretty cool idea getting forever RCs for burning steem. interesting concept. Hope @andrarchy is writing that one down as well. haha
In case it wasn't clear, I'm not suggesting to any app or project what they should do, I'm only suggesting adding asking about burning to the evaluation framework/checklist. If an app answers that it won't be doing any burning but will be contributing to the Steem ecosystem in other ways, that may be perfectly okay. But if other apps do find that their economics support burning, that is potentially very positive for Steem, and something that ought to be considered in this evaluation process.
I don't think your suggestion will work entirely because it creates a permanently-powerful account which can (and likely will) then be resold once the app no longer needs it (if only in liquidation after the app fails or decides to pivot and stop using Steem), ultimately competing for value with with STEEM. That being said there is potentially still some value in permanent or longer-term vesting (just as there is already some value in powering up, despite that power down doesn't take very long).
Good suggestion. We'll keep track of suggestions like these
Hi @andrachy,
This thread in particular really piqued my interest and I wanted to go ahead and use this comment as a bit of a pre-pitch of sorts. If you have a moment, would like you to consider the potential.
The idea is leveraging @steemflagrewards with the power of our existing and growing community + a dedicated downvote & burn account. This sounds like it could be a huge win for the broader community. I will submitting a formal application soon.
Basic premise is we reward flaggers as usual with out native + community delegated stake but we would be able to leverage the Steemit delegated stake to both our rewarding / downvote accounts to send rewards to @null.
This will maximize our capability to remove rewards from egregious abuse, fostering a more positive blockchain work ethic, and improving content discovery.
🤔
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How come the STEEM facebook scam is coming from the official STEEM FB account? Also since all the sock puppet accounts are fake, and also verified by me to be fake without any matching tx's why would this scam be posted by steemit in the first place? Surely if it were real someone would be using it and sending some steem back here?? So who owns the steemit FB account and why is this post still being posted on FB? Is this a scam YES or NO? ! I know you will never answer me, I better start flagging again soon!
https://steemit.com/beware/@kawaiicrush/scammy-sounding-commments-coming-from-the-steem-facebook-page
Why this old methods?
I'm considering a downvote and burn program with @steemflagrewards but the requirements as you stated would seem a bit austere (especially for a part timer like me).
Hopefully, they are flexible in this especially those who essentially work in a volunteer capacity to improve the ecosystem and work to thwart the rampant reward farming without adding anything of meaningful value to the chain.
And I'm not talking about just disagreement of rewards. I'm talking about the stuff that is very pernicious to the blockchain work ethic.
I've noticed this from at least a couple ninja miners. Stake and take I like to call it. A form of riding on the backs of others solely on the basis of having a large stake.
I said it twice and I'll say it again. How is a moth attracted to a lamp lest their be a light?
We need more "light" on the chain if we hope to draw more people in. We need more folks willing to work to be that light and illuminate our chain.
Sure I know it seems like lofty talk but I do reckon there's something to it. Anyways, I know your interest in burning tokens and I'd be glad to work with you to integrate that into SFR if you are ever interested.
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LOL you don't grovel well!
Yeah because you are an abuser too! NEXT!