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RE: DEVFUND by devfund

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Viewing a response to: @lukestokes/re-devfund-devfund-20180208t191539766z

· @devfund · (edited)
$88.11
Decentralized governance for distributing funds would be preferable but is very hard to do. Right now the only rules is that everything earned or sent to @devfund account will be used to "promote Steem ecosystem development initiatives" using mainly bidbots.

The vote buying process is being optimized and monitored for cost. If we notice that bid to vote value cost more than about 15%  on average we will consider direct transfer as donation.

Right now we believe the extra attention to these projects is worth at least a promo cost of 15%.

While we don't really keep track we may listen and give more weight to the opinions of what should be promoted from anyone who has donated/up-voted.

This week,

750 USD was spent to promote https://steemit.com/steem/@fredrikaa/steempress-now-available-in-the-wordpress-org-plugin-store-introducing-v1-0

500 USD was spent to promote https://steemit.com/1up/@utopian-1up/utopian-1up-a-sophisticated-curation-trail-for-utopian-io-version-1-0

Ps: @transisto is not a point of contact for matters related to @devfund.
👍  ,
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vote details (2)
@lukestokes ·
Thank you for the explanation and for updating the comments to link to it.

Who would be a proper point of contact if not transisto? IMO, successful projects need human beings behind them. If we can’t discuss these things with known identitiies, I think it creates further problems. Our reputations matter as that’s often the difference between being automatically flagged verses having useful discussions. If there are multiple people involved, listing them and who among them is a contact would be helpful (IMO).

Thanks for hearing me out.
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@flauwy ·
Hi Luke, as the project owner of Utopian 1UP I saw the massive support from @devfund this morning next to the upvotes of @transisto and @newsflash. I did not know about this project/idea before but I can confirm that in our case it worked and was well received. 

Thank you for protecting the Steem blockchain by keeping an eye on suspicious activities.
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