I'd prefer they let stack up at this point. Very few of those projects are likely to add real value to steem. Wait until something worthwhile comes along for funding, that or eventually just burn it. Interestingly enough, it's mainly the witnesses who are (were) receiving support from it right now anyways, some of them for things they were already doing before with their witness earnings...
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My thinking is it keeps people engaged and working on projects for STEEM. Otherwise so much talent just leaves like Partiko or Share2Steem ....etc. Crypto investors like myself would have been engaged to pump a large majority of our funds into STEEM instead of other projects. And yeah the whole thing of just supporting witnesses is what I figured was going to happen with it. People see through it and the reasons mount of why not to invest here.
I am going to be coming out with news in the next few days that is a pretty interesting marketing opportunity for crypto. STEEM could have been at the for front of it but nahhh.... Sadly despite all the time I have spent on STEEM and promoting STEEM I never made any money from it because even the last entries I made were at $0.80 and $0.60 and the writing was on the wall that things were going to get much worse and I didn't have support.
Just think if investors like me got support and we would have put the money into STEEM and put our energy into STEEM. Multiply my purchases by thousands or tens of thousands pumping into STEEM...... but Nahh.... we didn't get support for our engagement or proposals.
https://steemit.com/sps/@brianphobos/multi-player-2d-arcade-game-to-win-more-steem-steemgalaxy-com
This is only a few of my orders....... but instead of feeling like it is better to burn funds just think if people got more support how things would be different and where people allocated their investment. A lot of talent just leaves.
Yeah, i agree with this. Most of the projects are related to maintenance and nothing of any big contribution is created. Its just that the projects that are funded are funded because they have big friends and a standing in the community.
Id rather burn it then give Matt 15k USD to maintain keychain. Thats nonsense.
I mean the top witnesses earn roughly 340 steem per day, and even at these depressed prices that is significantly more than it costs to run a witness node (or two). Then you have guys like themarkymark posting mostly every day collecting big rewards on top of those earnings... then the majority of the heavily voted DAO proposals are also witnesses... something is wrong here and getting worse.
You should maybe adress it. You got more reach then I do.
The best thing for STEEM unfortunately is for it to go to $0.01 so new blood can stake their claim and rock the boat at this point. But then there are the issues of too much inflation and other concerns. I fear it is going to be a very rough road for STEEM. There is no true leadership that someone can look up to. Looking at Energi they have Tommy World Power..... the guy is kind of a mythical legend over there. People have just had a bad experience with STEEM for the most part unfortunately.
Yea, the hope at this point is for something of value to be built on here that ties up vast amounts of RCs and SP. Or a bunch of somethings with value...