Thank you. Points noted. I would just like to confirm the following:
- we must implement any practical method to stop projects from leaving. The more I consider it the more I think it should be an equity ownership exchange for delegation. Say 0.25% every month a 1 million Steem delegation is provided. But we should let the market propose what it wants and then counter until an agreement is reached
- I’d u think onboarding the masses is most important, it sounds like a great idea for a delegation application. I am sure a well thought out model will go far
- if u needs quick, efficient onboarding process @steem.ninja at https://invite.steem.ninja has solved instant onboarding issues with the inv (invite) token on Steem engine and we will be soon open sourcing it to whole community to make onboarding with tokens available to all
- the individual apps and projects on Steem have direct incentives to address the other items you mention in the commonly discussed barriers to entry section, although, new delegation applications to address these points specifically I am sure will also go a long way.
- I do not agree that we will be routing funds to successful businesses only and am not really sure about where this has come from. I said repeatedly in the forum today that we will be looking to assign delegations to a balance of profit making businesses, non profit making but value adding initiatives and new projects that are starting out. The art is in getting the balance right between all these types of project. This is not just for profit making businesses. The current format is for projects that have existing delegations, and as such it is layer out to cater for these types of renewals only. We would expect that many of the existing delegations have had time to begin to trim profits by now, and thus is why a lot of the talk is about profit generating businesses. But this does not mean the new delegation applications will only be for profit generating businesses.
- I am not sure you have read the reapplication sheet that was published in the @delegationtrust account. It is filled with business metrics so that we can compare apples to apples and track the health and performance of projects with existing delegations. In fact, in my opinion we have too many metrics. I am not sure how you figure that we are not using metrics. I ask that I take another look at the application document and see how many metrics we are requesting data on for this process.
- we do not know what the real impact will be, but by comparing metrics between the projects with existing delegations, we will be clearly able to see which projects are adding the most value. This will allow us to make rational, data backed decisions for our recommendations to Steemit inc.
- again, I have to comment about the metric that you keep talking about. Please read the delegation re application blog in @delegationtrust. We are tracking many metrics.
- I would argue that the type of oversight that we are building here is required to bring credibility back to Steem. The Steem delegation distributions was completely in regulated. Several projects have used this, grown communities and then left Steem to go into success. It gives no investor any reason to hold Steem and expect a return. The process that we bring in here, must prevent that from happening again, be it via contract, or equity stake for the community, or combination of these or several other options. We must create a clear, professional, well defined process that projects with delegations cannot abuse without being held to account.
I appreciate your points. I hope I have helped clarify some of them. I am happy to talk more with you on this as it’s helping develop this process more, as well as making sure we have our bases covered.
Thanks for the feed back
If you read it and considered it...
That is good enough for me.
Good luck with this project and like I said, it's really none of my business just part of the disconnect of Steem.
I have a lot of respect for the motives and I hope it goes well!
Appreciated @whatsup!