After nearly 4 years the Steem DAO has been reactivated for funding development on Steem.
Making the DAO breakthrough is @the-gorilla's proposal to modernise the steemit.com interface.
Today's Steem News also includes news and updates about SteemPro, Boylikegirl Club, SteemWatcher Portal, Steemit on Telegram, Steemit Chat, Steem Hobbies, Steem4Professionals, Showcase Interviews, Contests on Steem, and Recommended Reads...
1. The Gorilla Unlocks the DAO
After almost 4 years in hibernation, the development funds in the Steem DAO (Decentralized Autonomous Organization) have been unlocked by @the-gorilla's proposal to modernise the Steemit.com interface.
A major push across the community attracted sufficient votes to get the proposal above @gtg's return proposal to allow funds to flow again.
The Return Proposal has been in place since the DAO was first launched to regulate which proposals got funded, but it was escalated in size by the very large Tron backed @dev365 vote at the time of the Steem / Hive split to prevent Hive witnesses and developers extracting money.
With the help of the major votes from @upvu.proxy and @rme (accounting together for 57.5% of the votes) @the-gorilla's proposal today surpassed the 43M SP of the Return Proposal, and will now begin receiving daily funding.
@the-gorilla has already been doing a number of smaller developments on Steem including a Club Status checker. His new DAO funded proposal will involve a major modernisation of the steemit.com interface.
He plans to report regularly on progress and involve the community throughout the year long development to give suggestions and feedback on each stage of the process....
The Steem DAO will provide 30 SBD every day until 28 February 2025 to support @the-gorilla's development work.
2. A Rebirth of Steem Development ?
The total funds in the Steem DAO (SPS) currently stand at almost 4.2M SBD (US$ 17M).
The DAO is designed to be able to pay out a maximum of 1% of the fund each day. That means after @the-gorilla's 30 SBD there remains over 41K SBD (US$ 170K) per day for other projects.
This amount of money could bring in a major rebirth of development activity on the Steem blockchain.
It will be crucial that new proposals for DAO funding are scrutinised carefully and once funded, monitored constantly to avoid the abuse of the system that took place on Steem in the past, and on Hive more recently.
Coming up with a suitable framework and process that will be acceptable to all will be difficult. The witnesses will likely play a key role in that.
One possible use of some portion of the DAO funds is some form of Inflation Reduction Proposal that would involve sending SBD to the @null burning account.
That will involve some complex economic analysis to determine the potential impact on the STEEM and SBD prices, and the investment attractiveness of the platform.
Pennsif the Witness
After almost 2000 days on Steem I decided it was time to take my contribution to the platform to the next level.
I have therefore set up as a Steem witness... @pennsif.witness
If anyone would like to support what I already do, and what I am planning to do, by giving one of their 30 witness votes to @pennsif.witness I would be hugely grateful.
You can read my full witness announcement here...
@pennsif.witness is now at #18. Thank you to everyone who has voted to help get to this position.
3. SteemPro
Developer @faisalamin has posted updates on further developments on SteemPro including the addition of List & Grid Views, Announcements and Related Posts...
4. Development Roundup
Witness developer @boylikegirl.wit has added an Auto Claim Reward Tool on their Boylikegirl Club...
@bountyking5 has been looking at the Steem Js Library and Multisig...
And making more enhancements to the SteemWatcher Portal...
@hardphotographer is working on a Steemit application in Telegram...
The @stmpak.wit team are continuing their work on Steemit Chat...
5. And More...
Top witness @justyy has posted a tutorial on how to install the Steemit Wallet as a Desktop App...
@michelangelo3 has published a guide on how to promote a post on the /Promoted page...
He has also posted a useful digest of various Steem tools...
Witness @moecki asks whether 'bookmarks' would be useful on Steemit...
This is posted in the Suggestions Club community run by @o1eh...
@remlaps continues his most interesting Programming Diaries focusing on ideas for his Steemometer...
6. Steem Hobbies & Steem4Professionals
Two new communities have popped up recently.
Indonesian Steemians @klen.civil and @waterjoe have set up a new community for people to talk about their hobbies...
Bangladesh Steemians @enamul17 and @shiftitamanna have formed a community for professional people such as doctors, engineers, teachers...
7. Showcase Interviews
Nigerian Community Journalist @ubongudofot has been busy with his Showcase Interviews.
Recent interviewees have included @mariam.dariam and @andrea.boji both from Ukraine...
The Interview Showcase 80 - Exclusive Talk With a Ukrainian blogger
The Interview Showcase 82 - Exclusive Talk With a Ukranian blogger
And Korean developer @anpigon...
8. Contests on Steem
@disconnect continues to publish his comprehensive daily list of current contests on Steem.
There are 97 contests in the latest list with over 550 STEEM in prizes...
9. Recommended Reads
After seven years on the platform @denmarkguy shares some valuable observations...
Long time blogger @jaynie has started an occasional series 'The Blog Spot' to give tips and guidance to help writers on Steem improve their posts...
THE BLOG SPOT - Inspiration for Writers (Issue No. 1) - THE INTRODUCTION
Let's Start at the Beginning - with BLOG HEADERS! (The Blog Spot Issue No. 2)
KEY DATA [ from CoinMarketCap ]
STEEM price | US$ 0.23 | 11 Feb '24 12.46pm |
CoinMarketCap Ranking | #355 | 11 Feb '24 12.46pm |
SBD price | US$ 4.07 | 11 Feb '24 12.46pm |
Unique visitors (steemit.com) | 134,897 / day | 11 Feb '24 12.46pm |
Page views (steemit.com) | 228,943 / day | 11 Feb '24 12.46pm |
This is #508 (11 Feb '24) of this news service.
[ graphics by @pennsif ]
Dear @pennsif, 💞 Great news, thanks for your post.
I would like to ask a question, why are posts published with a significant delay of 30-50 minutes?
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Great news!!!
Congratulations @the-gorilla 🤛
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Thank you 🙂
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You are welcome! ☕
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Today's news is great, and exciting, I think we were all waiting for this new development for Steemit to come true, we hope everything goes very well.
This is the translation for Spanish:
Noticias de Steem @ 11 de febrero de 2024: El Steem DAO despierta...
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Great to see another version of Steem news!
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Greetings friend! Each of the news is interesting!!! This sounds great!! I love everything that is to come!!!
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Steem to the 🌙
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This post has been upvoted by @italygame witness curation trail
If you like our work and want to support us, please consider to approve our witness
Come and visit Italy Community
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Thanks
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Thank you for presenting us with some great new news. Here is the Bengali translation of Steem News....
দ্য স্টিম নিউজ @ 11 ফেব্রুয়ারী 2024 : স্টিম ডিএও জেগে উঠেছে...
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Here is the Urdu translation of Steem News
دی سٹیم نیوز 11 فروری 2024: سٹیم ڈی اے او بیدار ہو گیا
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AWESOMEEEEEEEEEE!!!!!!
That is fantastic news @the-gorilla!!! Congratulations!!! Super excited for this!
@pennsif Thank you so much for the special mention! I REALLY appreciate it! Just need to get my ass into gear so that I can turn this into a weekly series rather than an occasional one haha!!!
Off to go check out some of the other posts and things happening which you have shared here!
HAPPY VALENTINES DAY EVERYONE!! <3
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