There are many things I want to consider as we look at where we are with Steem in 2019.
https://steemit.com/busy/@whatsup/is-steem-broken-is-it-fatally-flawed
https://steemitimages.com/640x0/https://ipfs.busy.org/ipfs/Qmb6KQghCaHM3DS4Fmq5kQoMPf5jSJ8bGbfT3ehbTxttLF
Last week I wrote a post stating that Steem the blockchain isn't broken it is functioning perfectly as designed. However, our view of Steem and the original idea of how it would function might be broken. Which is not a terrible problem to have.
Just to start a discussion I want to introduce the idea of directing at least some of the Reward Pool towards a Development fund.
Up until now I think many expected SteemIt Inc to take care of development with their stake, but it puts the entire project at the mercy of SteemIt Inc.'s ability and intentions and that seems to be a bad idea for many reasons.
-They have no accountability to us as Ned has pointed out they are a private company
-Entire Blockchains have been developed while we wait for SMTs
-They do not communicate with us on even a functional level. (Are you creating new accounts? Yes or No?)
In order to move away from our dependence on SteemIt, Inc. It is my opinion we need to have a development fund to pay for and allocate resources to developers or companies like Blocktrades in order to move development forward.
We have a lot of Orcas and whales stating they are rewarding themselves to pay for development, people like Transisto and others. Where are these projects and funds? We have no idea, because again there is no accountability.
We could spend hours talking about how this fund would be managed and I am sure that would be a challenge, but in the end, we have a Stake based voting system to gather weighted consensus on what the fund could be used for.
Let's talk about how to fund future development and reduce our dependence on SteemIt Inc.
