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RE: HF21 and the Steem Vision by geekgirl

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Viewing a response to: @yabapmatt/hf21-and-the-steem-vision

hf21 · @geekgirl ·
$0.04
I really like your thought process, explanations and vision for Steem. However, I disagree with your conclusions. 

I don't think SPS is necessary especially if it takes away from author/curation reward pool. If SPS is funded with removal of interests on SP that would make more sense to me. I do think EIP is a positive change. 

My reason is making Steem an attractive asset to invest. Simple economics suggest more people buy and power up than sell prices go up. I think EIP will make Steem more attractive. Primarily, because most social media users are content consumer and not content creators. Giving content consumers a fair chance to be rewarded by investing will create a better economics. I think institutional investors would follow the suit, if retail is happy to invest.

Even yourself mention in one of the comments the importance of the token price. That will be the biggest marketing needed. 

Bottomline, if average users are not interested to invest their hard earned money into Steem why should large investors bother? For these reasons EIP makes sense to me, and SPS seems to undermine that. I like EIP, but with combination of SPS that potential could take away from authors/curators probably brings us back to where we are right now.
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@eonwarped ·
$0.05
Actually, I like to think about the SPS as being able to separate direct funding from voting based funding. Imagine that you transitioned all of Utopian to fund its activities based on SPS. It's more stable and you have better control of how much goes out to whom with better accountability. So whatever % utopian is allocating from the rewards pool now can be shifted to this instead, and it doesn't have to be a loss relative to today. Of course with a fixed ratio going to SPS, it's not flexible enough to do things like "send remaining funds back into the reward pool" but that would be neat too, wouldn't it? (Can be one of the first things funded if it's desired)

Posted using [Partiko Android](https://partiko.app/referral/eonwarped)
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vote details (2)
@valued-customer · 
The basic difference between SPS drawing from inflation (rewards pool) directly and @utopian using their earned rewards to do so is that the former is a tax over which individuals have zero say over how much they pay for what, and @utopian has complete and total control over how they spend their personal funds.

Taxation is theft.  Goons always take charge of any taxation, because thieves steal.  If voluntary contributions aren't forthcoming for development, there's a good reason for that.
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@eonwarped · 
Irrelevant. How the inflation is allocated is what matters. You are assuming that the stakeholders already own their share of inflation, and that is not a stance I agree with. It's a subtle difference between having a say in how things should be allocated and assuming it's yours to begin with and you are doing charity. Downvotes make it clear that this is not how it works, or should be interpreted.

If it doesn't work, then inflation doesn't make any sense. Get rid of it altogether.
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