If planned right? You mean if enough HP votes for it, or in other words if enough people agree with the proposal. The only thing is that is exactly what it was intended to be: a fund for the community to decide on what to best use it for. Heck, I'm sure if there's not a proposal to burn the ninjamine already one is going to be presented shortly, the only thing would be if the community thinks that's a good idea or not.
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I think tying HP to people is a huge mistake. It's no where near decentralized enough.
The dao was never meant to have the Steemit stake. It is currently being trickled into the Dao. Who even decided to put it in there? It was not a dpos based decision and it was not a democratic decision either. A few people who backed Hive decided to put it in there.
Doing anything else with it will be difficult a d this debate will not go away anytime soon. It's likely to split the community again.
I mean both decentralized and distributed. If hp isn't distributed power isn't decentralized, same same.
It will be decentralized enough when it doesnt come down to a handful of power players making all the decisions. Right now we aren't there. Do you think it is well distributed?
It will not be easy to burn the steemit stake. You mentioned it was for development. What %? How much development? Steemit roadmap was pretty much over with SMTs. Community can decide it now, but the dao is suddenly massive. This was never planned and could end badly. It creates uncertainty for investors and a potential bonanza for developers.
Starting a proposal to burn it is tough under these conditions. Maybe some will be burned, but I have my soubts since most people just see $$$. I hope your right about it not splitting the community again.
We now suddenly have an active giant decentralized endowment fund. Who decided to activate it? Basically it comes down to if you got hive, you agreed it would be active immediately.
I'm not saying it wasn't an improvement over steem, I'm saying we are on dangerous and unknown ground and some clarity and answers would be nice. I'm patient and I can wait.
Do you want to know who made these decisions? Exactly who supported them and who didn't? Why it was decided that an activated fund would be the default? Why it was necessary to avoid hardfork to activate it?
It seems like you are interested in foul language and censorship because I am challenging your opinions and thoughts. I'm sorry for not agreeing with you unconditionally amd a cepting that decisions were made behind closed doors for my own good.