I would like to thank the guys on the committee for the countless hours of hard work they have put in to get to this point. Although the results in some cases may not be as rutheless as some might have preferred, this will come with time. This round of delegation applications has freed up some Steem to distribute to new projects over the next round and it has provided a clear baseline as set in the rubrics in the google sheet attachments above (please browse at ur leisure as they will give you some idea of the staggering amount of work carried out by the team as well as give you as community members the ability to see exactly where the base line has been set and thus more easily hold the projects to account). Even though we do not all agree on the final decisions of the committee, i would like to point out that it has done an overall fantastic service for Steem in setting this baseline and I stand fully behind the measured and fair decisions it has made so far.
RE: Delegation Renewal Recommendations to Steemit
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Delegation Renewal Recommendations to Steemit
The true important thing after all. Can’t wait to see which members have to step away when deciding where that goes.
Each project should be held to the same standards, not getting leeway due to already having delegation. Would that project be approved if they had to apply from scratch? Would they receive funding with all the past discrepancies and lack of work on the actual project they are asking for funding on? If no, they shouldn’t have it now.
Seems very strange to reduce a projects delegation for ”has promise as a business that's not currently being achieved” and give just a empty warning to another who has done what DW has.
But I’m sure the committee has their reasons.. we will all just have to guess what those are I suppose.
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Do you have any solutions / suggestions to improve the process?
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Understood. Please note our approach is a bit softer than what you describe above. We have discussed a lot about how to approach this, and we are phasing this system in. There is no need to make decisions that could appear too harsh at this phase. We have however communicated that things are changing and have given projects enough warning to be ready for that change, especially in the next phase of delegation applications, which will bring in new projects / delegations and set a more competitive standard. The end result you are looking for will be more or less the same, but the changes will be implemented over a slightly longer time frame so as to give projects time to adjust, rather than just remove delegations immediately.
As regards to Fundition and drug wars, fundition is a great project for steem, and we must do what we can to incentivize it to get going again, maybe bring in some sort of business model. We would like to give some time to see if this can be achieved before decisions are made to reduce the delegation. We do not want a great project to sit quiet and dead on the steem blockchain if we can at least try to get it kick started again.
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If we do this in a corrupt way or repeat the same warning again and again, without taking any action then I can understand ur point. We are not there yet however
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Everything about steem is a “wait and see”
As hopeful as I’ve been the reality is we are making new lows in satoshis, and we are getting delisted off exchanges more than we are being added to exchanges. Hopefully SMT’s reverses the trend.
We are not bringing in much capital, only people investing are those who are already here... marketing is none existent or needs to change immediately, we need viral talent but before that we need to figure out how to manage a spike in incoming users...
I pray someone builds something to help us reclaim a seat in the top 10 on coinmarketcap again,
but this whole “apply for free delegations” is removing potential buyers off of the buying side of the market while they make money off the whole thing and create selling pressure...
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