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RE: Update on Steem proposal system development

in #blocktrades6 years ago (edited)

Hey guys, I was thinking about this the other day.

Have you guys considered adding a cap to the amount of rewards that gets added to the worker proposal pool?

That way if we ever find ourselves with a drought of development we don't just keep pouring money into an ever increasing fund where it sits and does nothing.

Like say it reaches a certain amount and rewards stop diverting over. People could still donate etc

Love to know what you think, cheers

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That issue is handled via a proposal that "refunds" the money back to the treasury fund. This is discussed more in detail in the original proposal post, but essentially you vote this "refund" proposal up to a rank where it returns any funds you don't want to spend back to the treasury fund.

Actually, on a closer reading, I think the "burn" proposals are what you're looking for, instead of the "refund" proposal. The "burn" proposal destroys the funds it gets, reducing the amount in the treasury fund.

Perhaps in the future you guys might consider a refund option. Seeing as how this effectively is a tax on authors, perhaps a form of tax refund could one day be established? Maybe if the creator pool does get large enough or something like that.

The idea of a burn is good but it's a bit of a waste isn't it? If we did that, then the taxed money would be for nothing - right? I can't imagine people would ever be okay with seeing tax dollars gone to waste let alone destroyed.

I'm no Blockchain engineer, but the idea of an actual refund seems extremely possible. It may save you guys a gigantic headache in the future if ever there is a vote on burning surplus worker proposal tokens. In theory it sounds pretty easy, but in reality people could get extremely emotional.

Anyways, thanks again

Oooh okay, actually I can kinda remember reading that. cheers guys 👍

Maybe an alternative could be to integrate a reward system+ fund for finding security issues.