My thoughts on upcoming SPS
.png)
It seems like there’s a big confusion about why do we need a proposal system on a blockchain. I decided to give my two cents, even though it seems like everybody who wanted have already expressed their opinion on this issue. It’s funny that I developed some stuff to help people visualize the concept, yet I never directly said anything about it.
Anyways, I believe SPS is what will bring Steem closer to DAO aka Decentralized Autonomous Organization. See, self-budgeting and decision-making mechanism should be default options of every blockchain. It just better this way. The blockchain grows faster in terms of usage and it attracts higher quality of people because they see a potential in what this platform can transform.
In fact, to unleash the full potential and power of Steem, we must diversify our development, marketing and sales efforts in the favor of the community. I didn’t fully understand how important this is earlier but now I can clearly see that the core team of any company is nothing without a support from its ambassadors and local leaders. Imagine how difficult it is to expand to unknown markets while having no connections and insiders who can explain the rules of that region? Trust me, it’s a pain in the ass and unfortunately, I’ve been there as well.
One of the primary reasons why I decided to become even more involved in SPS is because I had enough experience in a similar budgeting system in Dash. I was the very first guy who received funding from Dash DAO in Ukraine and had successfully completed several proposals within my company. This allowed me to experiment and test this approach through practitionership. I know the biggest pitfalls and challenges that will arise in Steem budgeting system which is why I’ll try to outline most of them in the next few posts.
We’ll cover the following topics:
- How to compose your proposal
- How to gain trust, receive more votes and feedback from the community
- How to properly price your proposal
- Why sharing your progress is necessary
- How to submit a proposal
Let me know what questions are you interested in, I’ll try to address them as well.
If you like what I do, make sure to vote for my witness
(via steemit or steemconnect).
(via steemit or steemconnect).
Right now I'm looking for some guidance on what the proposals should contain because I'd like to put forward our legal case on behalf of the entire Crypto industry for funding. As I see it any funds received from this pool would then convert to "shares" in the eventual damages or settlement we could win which could be paid back into Steem.
And here’s my plug for the #CryptoClassAction where we’re suing Google, Facebook and Twitter for the good of the Cryptocosm. You can read a good explanation here on my blog.
You can join up direct on this form from JPBLiberty.
More details in this post
I'm releasing a new app tomorrow and then I start writing a set of posts about proposals specifically, something I delayed a bit. In your particular case, what do you mean by converting into shares and what type of info do you want me to cover?
We have issued the SUFB token on Steem Eng and that represents a share in any settlement from our large suit against the Tech Goliaths. I would like to propose funding our class action lawsuit on behalf of the entire crypto industry.
Its an investment with a potentially huge reward for all of the Cryptocosm and we've already used Steem Engine for tokenisation of the claim.
Posted using Partiko iOS
Wow. That sounds like a really serious proposal. I'm not even sure I can advise you with something. I'll publish a general overview on what should be included inside of any proposal but the lawsuit stuff, that's probably lawyer's job or someone more knowledgeable than me for sure.