Hey @runicar thanks so much for your reply and kind words. I think 20% is a huge cut, I feel there is plenty premined Steemit stake that can be ceded to the foundation / worker proposal and have the Steemit devs contract directly to the chain via worker proposal rather than being hired by Steemit inc, that would be first prize, if community rewards have to be reduced, I would suggest first reducing the interest inflation rewards which no one really notices and small accounts don't even feel it, author reward reduction as a last resort, and not to the extent of 20%. Maybe 5% at most.
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Those are my exact thoughts about the massive amount of ninja mined stake in their possession. Wish to see them fund a major portion of the foundation / wp with it. It's only fair and it was about time they use it for something other than dumping it on an OTC market.
The only thing I can't agree with you is taking any % of interest. If anything, it should be higher and not added automatically to our balance like it is now, but we should rather make users have to claim it like author rewards.
This would not only give some much needed visibility to existence of interest on holding SP which is probably an unknown fact to many Steemians but it would also greatly incentivize them to invest in more SP.
I mean, around 2% a year is more than you get for having your money in a bank in some countries. Who would like to pass on such a sweet deal if it was 3% or higher?
What do you think about what most users consider to be the nuclear option of raising funds through adding additional inflation?
Yes that is why I suggested the interest as being better than reducing author rewards because not many users know about it or feel the difference so it would be easier to sell that option to the community. Steemit stake obviously being the most preferable way of funding the worker proposals of course. We need to be careful of adding additional inflation so as not to devalue Steem too much, but since inflation reduces 1% per year, maybe 0.5% can be added to the worker proposal pool, that way inflation effectively only decreases 0.5% per year.
I like your views on the subject, respect you as a witness, a honorable and valuable member of the community and will trust you with my witness vote which is currently not that big but I know it's not meaningless.
I only hope that you will represent the same views as stated here when the time comes for consensus witnesses (which you will soon become again) to decide on it.
Thank you for your time @thecryptodrive and best of luck in your endeavor to get back in the top 20!
I will do and thank you so much for your thoughtful conversation and your vote which means a lot. Every vote adds up, wish you well on Steem and hope to see you around again.