Yes, thanks @sndbox. One thing I'd like to see students do here - and I'm not sure we're all there yet - is to stop thinking of the value of currency in traditional ways. I mean, as soon as we're in a USD frame of mind we're once again stepping away from a set of new and interesting possibilities. Basically, if it costs nothing for a NPO to convert its content into Steem, why so readily cash out?
RE: Five Project Ideas. Which One Rises to the Top?
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Five Project Ideas. Which One Rises to the Top?
I think most of these options could incorporate Steemit. For example, the Art-Reach interns could post on Steem about what they're doing, generating funds to pay next year's interns. The History Truck could post on Steem to continue generating revenue. That said, they also have immediate needs. Perhaps they could convert some Steem into USD and keep the rest to use as Steem power as a sort of investment into a new revenue stream.
Of course that's still running the risk of a big crash obliterating their Steem, and it seems like most NPOs are not willing to take that risk when they can barely afford to keep the lights on.
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I think there is the pull to "cash out" to prove the viability of this process. We need quick wins to prove the mettle of this endeavor.
That being said, your challenge to think of currency in nontraditional ways is interesting, can you unpack that? I think it really boils down to the non-profits we select and how cash(poor/or not) they are. If they need money for a specific project and they want to get in and out versus if they are looking for a potential new revenue stream that may take some time to become reliable, but they are willing to take the time to learn about Steemit and blockchain potential.
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Ideally, I think that any potential "winner" of funding should want to understand the dynamics of Steemit and Steem - rather than simply be in it for the cash. As a non-traditional funding approach, I think it offers a new wrinkle as to what sustainability might mean. But, as we see from the recent currency market, it also requires patience.
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