What I meant to express but did not word very well is will the UI allow for us to track the metrics of projects so we can determine the success or failure based on how much a certain project is contributing to success measures?
If it's retention stats, or if it's the Steem price, or if it is something else, I think every project which is asking for funding should have a business plan with a profit motive. The project can be a great idea but then how does it increase the price of Steem or bring in more users or make current users more active?
Example, a game in the style of DrugWars for example could bring in new users and increase the value of Steem too if it were designed the right way. The project could be funded via SPS and then every month report their success metrics such as how many users they are gaining each month, how much retention they have, this and we can look at if the price of Steem is going up or if people are powering up more etc.
So yes, we can find a way to measure "profit". We just have to agree on which measures should represent profit.
Long term, I think the most important metric should be increase in the value of Steem tokens, but it's not always going to be easy to match that to work that is done, of course.
So I agree that other metrics will be useful for measuring proposals, and there's not going to be one or even a few metrics that will be useful for the wide variety of potential proposals. Marketing proposals could be the easiest to measure, IF they can show successful adoption by new users (especially if the users are retained over time).
The impact of new infrastructural features gets more difficult to measure, and I doubt any single metric is going to work for such things. Personally, my original vote is going to be based on how useful I think such a feature is (coupled with the price asked/etc) and my continued vote is going to depend on how well the task is being executed over time.
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Can you elaborate on the dynamics of the system a bit? I mostly see it being compared to witness style voting but I know that isn’t quite accurate. How exactly is the threshold set of vests needed to fund a proposal? Can proposals be downvoted or are they an upvote only system like witnesses?
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There is a return proposal (which gets votes like any other). Any proposals that get more votes than return get paid (until total funding runs out). Once the funding payout process reaches return, the remaining budget is put back in the pool and proposals below return are not funded.
The first thing I'm going to do immediately after activation is vote for return and I encourage others to do the same, then I will evaluate other proposals.
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This is completely backwards. SPS proposals are (if I understand you correctly) funded by default, and only not funded if enough people vote against them.
Instead, only fund those that receive that baseline of votes.
This mechanism is intended to tax the creators of the ~10% share of the rewards pool they split between them, by default, and is the most regressive taxation example I am aware of in the history of the world, not just Steem. The ~90% of rewards that go to substantial stakeholders via stake weighting manipulations, curation rewards, and bidbot profits, aren't touched. Not even the tyrants waging the centuries of war in history left the nobility untaxed in that way.
You should learn from those examples. Kingdoms vanquished because the nobles refused to fund their defense shortly thereafter had no nobility. I once owned Cram's Unrivaled Atlas of the World from 1911. When that edition was published there were 1000 princes of Russia. After 1917 there were 0.
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There is not even a mechanism for to 'vote against' a proposal so clearly you do not understand how SPS works.
That @blocktrades whose company developed the SPS code upvoted my comment ought to give you some clue that my answer was correct and you have no idea what you are talking about.
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It has been determined that you are trash, therefore, you have received a negative vote.
PLEASE NOTE: If you engage with the trash above you also risk receiving a negative vote on your comment.
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It is setting a threshold that any and all proposals need to meet to get funded. It is not voting against any particular proposal.
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Return proposal goes to the reward pool?
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It goes back to the SPS pool, which is separate from the reward pool that pays posts/comments.
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Oh, so it's just saved for later?
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Return proposal does that yes. A burn proposal is another alternative which permanently reduces inflation rather than making any payout or accumulating the funds for later.
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Is there a proposal to send it to the reward pool (post reward pool) instead? Is there one to send it to witnesses or steem power holders?
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It's an upvote only system, like witness voting. It is quite similar to witness voting.
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