I saw this post about such a dilemma. What would you do?
Please see the Original Post by 
1 million Steem today is very different to what it was a few days ago.
Having said that, one thing the past few days has demonstrated is that the price of Steem is largely irrelevant on a day-to-day basis. Steem should be set upon a path of multiple growth patterns via new Steem markets.
This is simply my take on it. Yours will, I am sure be very different.
Here is the question posed: "you are given 1,000,000 STEEM, no questions asked. The only caveat? You have to give it all away. Which worthy steemian(s) will get your support?"
My immediate answer is ... nobody. BUT ... wait there!
I would set up a separate account and, for sake of argument, let's call it 
Clearly this account would need high quality management. One would want a solid team to identify and execute the appropriate strategies in terms of accounts, voting, curation, etc.
The purpose of the account is three-fold:
- Maximise the potency of the account so as to make it self-sustaining whilst donating funds at a prescribed level..
- Fund people and worthy projects initiated by steemians. This would provide an excellent avenue for the platform to demonstrate its 'heart'.
- Fund people and projects totally unrelated to steemit.com - one of my observations is that the platform is very inward looking. There is a whole non-steemit world out there. Social Media should be socially inclusive. Social Media should reach out to those less fortunate. Otherwise, it can scarcely wear the tag 'Social'.
There are a number of issues which would arise in the management of the account: Conflict of Interest is the most obvious.
Without boring you with details, there are numerous ways to get around this but it should be recognised.
A Community sourced committee to preside over the Allocation of Funds would equally need to be set up.
Imagine a Youth Group in outer LA, sponsored and mentored by steemit.com, teaching street kids how to invent blockchain apps which expand the steem economy! I believe that the PR story looks OK.
The account could also accept donations from steemians and non-steemianson an on-going basis
