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Funds for the Steem proposal system which will pay individuals or comapanies to do work on behalf of the Steem blockchain. Someone has to pay for it.

Wr are open source, people should work to make their stake more valuable by bettering steem regardless!

 6 years ago  Reveal Comment

Well at least I stopped delegating to the bidbots. O.K. Fine, I will stop vote buying and power it up instead. Starting now. (I did just throw a few bucks at the bidbot earlier), I quit this time for real! Cold Bid Bot Turkey! But you know what, this new deal will save me Time, all that bid bot buying was too much extra clicking, very unhealthy! Thanks for the good idea!

The Steem proposal system (Steem.DAO) is something that blocktrades developed and can first be seen here:

https://steemit.com/blocktrades/@blocktrades/proposing-a-worker-proposal-system-for-steem

The idea is to have an automated system built in the chain that anyone can “propose” something for funding. Then if enough stake holders vote for it, it will receive funding.

It’s a mechanism used on many blockchains and can fund community development, marketing, PR, or whatever the proposals the community brings forward.

It’s been discussed in line with the Steem community foundation since January. Blocktrades finished the code and now the Steemit devs have been preparing to merge it. This was the reason for scheduling HF21. Funding was still something that needed to be decided through, which is one of the current discussions.

I hope that helps clear it up.

Oh no, they will continue that. hopefully so other things can get done without total dependence.

Based on how this is going, it doesn't look like it.