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Implement a Worker Proposal Model#2

Steem has the unique ability to reward participents with Steem generated through inflation. Currently, much of this STEEM is being distributed not directly to people who are bringing the needed value to Steem.

A worker proposal system would allow anybody to work on a specific task and be rewarded for it.

This could either be done via the normal reward pool, or rather (my favourite) with a certain percentage of the inflated Steem, reserved for these proposals.

Therealwolf
a year ago
3

How would you determine who gets what? The current distribution mechanism?

Anonymous
a year ago

A few issues that needs to addressed about worker proposals:
1: what portion of the inflation (which stands at 8.5%~[?]) should go towards work proposals?
2: which stake holders will receive less? Witnesses? Authors? Curators? SP Holders? Combination of them? No one? - (Inflation rate is raised)
3: Who will decide which proposals get funded? Top X witnesses? Top X SP holders? Special witnesses that people vote on separately from their 30 witness votes?
4: How will fraud be prevented? Will the rewards be delivered after a dedicated Steemian has reviewed the progress on the work proposal?

More issues might arise, but those are the ones I could think of.

Imacryptorick
a year ago
1

Good questions!

1: what portion of the inflation (which stands at 8.5%~[?]) should go towards work proposals?

I’d say at least between 5 - 10% of the total inflation.

2: which stake holders will receive less? Witnesses? Authors? Curators? SP Holders? Combination of them? No one? - (Inflation rate is raised)

The current distribution is as follows: Authors & Curation - 75%, Stakeholders 15%, Witnesses 10%.

I’d increase the witness pool to at least 15% (while increasing the revenue for backup witnesses a bit), shrink down the authors and reward pool to 50% or 60%, and add the 10% - 20% to worker proposals

3: Who will decide which proposals get funded? Top X witnesses? Top X SP holders? Special witnesses that people vote on separately from their 30 witness votes?

Good question. The easiest way would be for witnesses to decide, as if they make mistakes, the stakeholders would punish them.

Or, committes, who are elected by stakeholders.

4: How will fraud be prevented? Will the rewards be delivered after a dedicated Steemian has reviewed the progress on the work proposal?

This could work via internal smart contract, where the committee/witnesses have access to a multi sig account, that is realeasing the funds.

Therealwolf
a year ago
2

changing the reward pool or any other blockchain properties by a large percentage is not a good idea

MahdiYari
a year ago

@MahdiYari maybe the percentages are a bit off, but regardless I think finding a way to fund development outside of Steemit Inc is a big priority.

Meno
a year ago

Everyone should commit according to their stake! Steemit Inc holds most of STEEM and we should expect more from them.
We can not expect development from minnows or dolphins. Whales should take care of their own stake.
Buy STEEM and wait for minnows to improve Steem blockchain? this will not work!
Also, we can not milk reward pool. STEEM will reach $0 if we keep milking reward pool. We should use tokens which are already printed over these years.

MahdiYari
a year ago

You can also pay devs with a separate token only with this purpose.
Here you can read more about it :)
https://steemit.com/steem/@shredz7/announcing-engine-bring-agility-to-steem-development

Luegenbaron
a year ago

There is already a beneficiary function for this purpose. Once you design something cool you can implement the percentage you intend to take. That’s what Engrave, Esteem and similar projects do.

The author rate should not be touched at all. Plain and simple, authors are being compensated so poorly that they just pump out random garbage. Compensating authors is essential to the blockchain producing value that will draw people in.

Software developers are very important, but they should make their money through the beneficiary channel by first creating something useful. The beneficiary aspect of Steem was meant for the purpose that you’re talking about without messing with the current system in a big way.

Another way for profits is to create a cool app that draws in delegations, this is being encouraged and it works too. Then you have Steemvoter which offers two options 1. monthly subscription fees, 2. 1 out of 10 of your 100% upvotes.

Steem is designed to allow for many ways to compensate and be compensated, so I don’t see this as a real issue.

Crypto Hobo
a year ago