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RE: BlockTrades beginning development of Steem Proposal System

in #blocktrades • 6 years ago
  1. There's two separate issues at play: 1) coding the proposal system (which is being paid for directly by Steemit) and 2) how the proposal system funds future proposals.
  2. In case, it wasn't clear from 1), Steemit is just transfering some Steem from their account to ours. Our payment won't come from the proposal system.
  3. I have to pay people to do this work. The ongoing payment for running a top 20 witness wouldn't begin to cover it.
  4. Then Steemit will have wasted some of its Steem paying us for it.
6 years ago in #blocktrades by
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     6 years ago  
    1. there is a talent pool for devs/programmers already on steem with @utopian-io by @elear with the majority of their funding from Steemit Inc via @misterdelegation (2 million SP {about $40 per vote))
    • this should help with majority of coding without adding more inflation

    1. what is this mention of using 10% of autor pool to fund? also how would using portion of reward pool stop extra inflation tokens are still created

    2. current prices maybe but average price is nearly 10 times the current and by statements from steemt inc cost to run witness nodes is reduced greatly and will only be further lessened

    3. meaning was in context of divertying 10% of author reward

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