"In the end....we only regret the chances we didn't take, the relationships we were afraid to have and the decisions we waited too long to make." Lewis Carol
I have an idea that I think may strengthen and accelerate the global adoption of a blockchain-based social media economy.
My assumptions are the following;
the world must have systems with greater integrity....it is a question of survival
a token's potential value comes primarily from trust, utility, liquidity, distribution and participation
assuming participation, the broader and more even the distribution of a token, the greater the potential value (in an application like steemit and a token like steem)
The idea would be for the Steemit community to build a distribution list (based on the activity of accounts on Steem) with a view to launching a new social media blockchain and token (utilising Daniel Larimer's latest Graphene toolkit) that can more rapidly bootstrap a global social token and economy.
It changes the Steemit beta application into a proving ground or right of passage into a distribution list with great rewards but also great responsibility.
Why would we want to do that?
Despite the best efforts of those who launched and are actively developing Steemit and the Steem blockchain, the initial distribution of Steem has created an unstable community that is controlled and exploited by very powerful accounts or groups of accounts. Their influence is holding back the adoption, utility and the degree of fairness and diversity of content that it is possible to achieve. It is NOT necessarily anyone's fault. There is an imperfect balance between economic incentives, reputation, account creation and community moderation. Ultimately, Steemit's culture has become somewhat stunted.
This certainly does not mean that everything achieved on Steemit is bad. In fact the exact opposite is true. We have seen possibly the greatest experiment offering the greatest hope for humanity EVER CONDUCTED! There has been GREAT SUCCESS here! Who has not been touched by the lack of true censorship, the ability to connect freely with anyone anywhere, the incredible generosity of spirit, the quality of information and the burgeoning of a new kind of community in which an awakening is occurring?!
“Sometimes, there’s so much beauty in the world, I feel like I can’t take it. Like my heart’s going to cave in.” Wes Bentley
That beauty is worth saving and I believe the initial distribution of Steem, the rate of ongoing dispersal and what has been done with that Steem to date has damaged Steem and is preventing it from exploding to it's potential.
IMAGINE THE ACTIVITY, PARTICIPATION, DIVERSITY, STABILITY, RESILIENCE AND VALUE POTENTIAL THAT WOULD BE UNLEASHED IF WE HAD TWENTY FIVE THOUSAND ACTIVE WHALES INSTEAD OF A FEW HUNDRED?
It is my belief that the rate at which this social network would take over the world would be astonishing and unstoppable. We have a duty to evaluate and consider an idea like this for all the good it might do, for everyone.
How would we do it?
Every account on Steemit has a history and has been developing a network of connections within it. I propose that we create a list of accounts, defined by the community, that we would like to include in an equal, whale-sized, token drop of a new token for a social media based blockchain. I would want any Steemit account that was genuinely contributing and actively engaged to receive a whale account. I would also like our superb forensic curators to make every effort to identify fraudsters, plagiarisers and abusers, so that they can be eliminated from the list.
I want to be very clear here......I do not advocate for a witch hunt. Personality disagreements or Steemit activity like flagging would NOT be considered abuse. I would err on the side of inclusion so that we have as rich and diverse a distribution as possible.
So, every Steemian would submit a list of every Steem account they would like to be included in the token drop. No account would include their own account or accounts. The list would be curated for three months to one year, then bam, thousands of instant whales who have demonstrated over a considerable time period....participation, connection and commitment.
These are the people who will bring the millions in and they will potentially have a much easier, fairer, sustainable, flexible, richer and faster time doing so.
I would also consider doing something like giving a bonus token drop to all those whales willing to sacrifice earnings to delegate stake for a certain period of time for the purpose of nurturing a new community, the template for which lives and breathes within the Minnows Support Project.
Also worth considering is a development fund.
All genuinely active accounts in Steemit should be included in the distribution list and whale or minnow, the compensation for bootstrapping a new blockchain(based on the distribution list) would be so extreme, initial disparities of stake based on Steemit and Steem, would be relatively meaningless in the end. I mean, after a point, surely all of us would be using the obscene excess value to change the world, ushering in a place of peace and abundance....right? :)
I welcome your thoughts.
Happy Steeming