I have put my thoughts on a post of my own, but I'll cut and paste here for visibility:

My main concern is: Taking the full fund out of just the content creators share of the rewards pool seems to me to be counter to the basic premise of STEEM, and that is "Proof of Brain". My preference would be that the fund is taken out first - 10% of the rewards pool. Then the remaining 90% gets allocated exactly as it does now. I understand that Witnesses, Investors and so on have put money into STEEM, but if this truly is going to benefit all parties on STEEM, shouldn't everyone share the cost. Why take it all out of the creator's share. It is easy for many to forget that there are people here on STEEM that are relying on their post payouts to buy food, pay rent and survive. I hope that if this does come to pass that all of this fund comes out of content creators pockets, some of the big wigs proposing this are the ones that explain to the many Venezuelan steemians (as just one example) that they must take a 20% pay-cut to fund blockchain development.

In summary, very much in favour of the basic proposal, just not the suggested way it will be funded. I do understand the argument that developers will be payed from this fund, instead of creating posts and being rewarded with votes, but really is this 20% of the rewards pool at the moment?

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