RE: Top 5 reasons to vote for Foundation Structure Proposal by Upheaver

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Top 5 reasons to vote for Foundation Structure Proposal by Upheaver

in foundation •  6 years ago 

Reason #1:
Why would anyone pay membership fees?
Your whole proposal lives or dies on the ability of getting people to pay you fees.
Reason #2:
Where will you get this professional staff and how will you pay them? Most people that work on STEEM, work for pocket change or for free. Im not sure membership fees (that i dont think you will even be able to collect) would cover the wages of a team of professionals.
Reason #3:
Without substantional funds the structure doesnt matter. You cant force people into a contract here and without that your structure will fall apart as soon as

  1. Funds run out.
  2. Enough time passes and the foundation isnt as interesting to be involved in.
    Which is actually why you do need Neds SP.

Reason #4:
Same as the rest.

Reason #5:

It doesnt seem simple because its really not. I looked at the structure and the voting process. People dont understand what private keys are and this just adds another layer of confusion.

I see you put a lot of work in this and the effort is easily seen. You will get a thumbs up by people for your contribution and all that.....but the truth of the matter is that this is all either wishful thinking or cant work in practice.

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  ·  6 years ago (edited)

Private keys? I don't have blockchain based voting anywhere in my foundation, nor I mention private keys in my proposal.

This foundation is based on a proven model - take a look at Linux foundation to get an idea on what kind of corporate members a technology foundation might attract.

Personal memberships are more of a way for individuals to feel supportive of the effort, it won't add much to the bottom line (majority of funds will come from corporate members, the first member being Steemit Inc.)

Why Steemit Inc. invests in the ecosystem? Because they have a product built on it and they want to see it grow. Same logic applies to any potential corporate sponsor - if we get them to build their product on Steem, they will want to support the ecosystem.

As for staff - I probably should not have to explain how recruitment usually works? You reach out to HR companies and post job ads and hire dedicated talent. Some of it might come from Steem community, but realistically most of it will be career professionals from outside Steem.

Hope that answers your questions.

Private keys were used as an example of people having trouble absorbing new information.

I can name you a 100 proven models, doesnt mean they will work on STEEM.

Utopian cant get 30k USD of funding and is one of the most important projects on STEEM and you somehow think you will be able to collect enough membership fees to give out wages to a team of professionals.
Steemit inc has 70 some million STEEM and they had to fire people...

Im sorry but this is all wishful thinking....
Great contribution though..

But here, ill set something up..
@remind-me in 3 months

That should be enough time for something to happen. Then we can discuss all this again. Good luck in the election.

Thanks

Hey @lordbutterfly, I will notify you on July 13th 2019, 12:00:00 pm (UTC)
Later! ( read more... )

Hi @lordbutterfly!
You asked me in this comment to create a reminder.
It seems the time has passed!