Post
Topic
Board Altcoin Discussion
Re: Steem pyramid scheme revealed
by
profitgenerator212
on 06/09/2017, 08:56:44 UTC


Why can’t it shift to a donation model (a la Monero) when the corporation exits. The key developers who were employees of the corporation, then continue to work for donations (or because they have so many tokens).

One of the key aspects is that the decentralized ledger could possibly be designed such that it can be upgraded by independent (even contending) groups without requiring a hard fork and without needing a significant consensus. IOW, the ledger would be designed so that it can run multiple “forks” simultaneously. The technological discussion of that is out-of-scope for this thread.


Donation models are always strugling, and it's kind of demoralizing to always beg for money.

For profit models are much smoother. Sort of like how Canonical a for profit company had taken over a Ubuntu distro compared to other linux distros that are donation based. Ubuntu has more success compared to that.

While I love Debian, I do think some of the funding system could be designed to be for profit.

This doesnt mean that you can't donate if you want, but you could introduce some other stuff that would be for profit. Just to make the funding smoother.

A cryptocurrency is a perfect combination between a nonprofit and a forprofit entity.

You design a platform that is nonprofit, public. And on top of that you build for profit services.

Steem would be like this. The blockchain is public, Steemit is private and you can build other services on Steem too.