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RE: Steem Budget Proposals Whitepaper!

in #steem7 years ago

The problem is the more effort we put into fight fraud the more we also will end up making it harder to do a legitimate project. Some projects have liquid expenses and paying out and Steem power means that projects with liquid expenses are not feasible. For example if someone wants to do a Smart Media token they need to pay the developer first. Paying in Steem Power then creates a huge lag and potentially ruins the entire project’s viability.

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"It is sufficient to make the walls slippery and allow the other crabs the ability to pull them down. Put a lid on to keep all the crabs in, and you can't add any more!"

Paraphrase of the "crabs in a bucket" parable from the Steem whitepaper!

Interesting requirement.

I would argue that if there exist projects that need liquid expenses, then one project that would probably be funded would be something like an "angel investor" project -- perhaps it would take an equity stake in the project, and give the project liquid funds.

Projects with a track record (e.g., EOS) would likely get more fund per percentage.

Hmm, I've sent blocktrades.us some SBD and had them send me some SP -- so I know that SP can be moved from one account to another. Doesn't seem possible via the Wallet tab's UI, but perhaps steempy would show how it can be done?

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