One of the most powerful features of STEEM is its capacity to generate value from shared interactions.And I'm not talking here only about commenting and voting, I'm talking about subtler ways to engage and organize into fluid, yet highly functional structures.
Although STEEM rarely uses the (overhyped, it's true) term DAO, to describe itself, I think it's the most successful examples of DAOs out there.
STEEM Delegation: Putting Your Money To Work For You
STEEM delegation is the process by which one user can allocate a part of its shares to another user. There is no contract for that and the delegated STEEM can be claimed back at any time. For as long as the STEEM stays delegated, the receiver can benefit from the increased voting power.
In this form, delegation is quite common in the STEEM ecosystem.
But, lately, a new form of organization emerged on top of the delegation process. The best example that comes to mind is , a platform for rewarding open source contributions. I've been using this platform ever since its launched, a little over 3 months ago. Not only I submitted a few open source contributions, but I also delegated 512 SP to it, becoming what they are calling "a sponsor". These "sponsors" are giving significant parts of their voting power to the
managers and they are allocating it under the forms of hefty upvotes to those contributing to the platform.
Kinda neat, right?
Even better, ever since I started to delegate, I get every week something like this in my wallet:
Now, at the current price of STEEM, that means a little over $1. I get this 4 times a month, that means around $4 made only by supporting something useful.
All this while still enjoying the ownership of my STEEM, that I can reclaim back any time I want (not that I want to do this anytime soon, because Utopian is a good project).
From Red To Amber
I wrote this (very) short example to point out a subtle, yet very important development of the STEEM ecosystem: the shift towards self-organized communities.
I'm not gonna dive into more details, but that's one of the symptoms marking the advancement of this community from a red (or "mobster"-like) type of organization, to an amber (or "role"-based) organization. (If you want to learn more about this paradigm, developed in a book called "Reinventing Organizations", by Frederic Laloux, have a look at this wiki).
In a "red" community (nothing to do with communism in this case) people are highly relying on their own power and on the loyalty relationship they can form with others. It's either "you're with us" or "you're against us". Historically, red organizations developed when survival was the first goal of their members. Those of you long enough in STEEM maybe remember the term "collusive whales". It was describing exactly this type of aggregation.
In an "amber" community, people are starting to understand their role in the big picture, and, most importantly, other people roles. Loyalty is still a value, but on top of it sits now your conscious commitment to it. Or whatever you do to fulfill your accepted role in this organization. That's why we have now roles, in the first place, like "sponsors", or "developers". That's why we can see structures forming and people occupying different positions in these structures.
I find this evolution very encouraging.
If all you care about is STEEM price, though, I have no idea how this will impact the price or if it will impact the price at all.
But I know it will make interactions here an order of magnitude more fulfilling and the value we can generate (and receive) as a result of this, will explode.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me .
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