Very interesting Hive account@andrarchy that you say that this proposal could be implemented with existing features.

So, if that is the case, all Hive account@jerrybanfield needs to get this moving is agreement from the top 20 witnesses for the 50% cut in their payments. Presumably they could voluntarily transfer those funds to a central account for the Budget Proposals.

Two immediate questions that come from this would be :

1. Who should / would / could administer the scheme?
2. How would the 50% witness payment "diversion" be enforced?

For the latter it could just be voluntary and the total Budget Proposal fund available each month would be adjusted according to the number of witnesses participating.

And if the community believes the whole idea is good they could vote for supporting witnesses accordingly.

Of course that swings round to the weighted voting issue. I guess getting the support of the big hitters will be all important.

It would be very interesting to take a straw poll amongst the current top 20 witnesses to see how many would support the idea...