Understood. Please note our approach is a bit softer than what you describe above. We have discussed a lot about how to approach this, and we are phasing this system in. There is no need to make decisions that could appear too harsh at this phase. We have however communicated that things are changing and have given projects enough warning to be ready for that change, especially in the next phase of delegation applications, which will bring in new projects / delegations and set a more competitive standard. The end result you are looking for will be more or less the same, but the changes will be implemented over a slightly longer time frame so as to give projects time to adjust, rather than just remove delegations immediately.
As regards to Fundition and drug wars, fundition is a great project for steem, and we must do what we can to incentivize it to get going again, maybe bring in some sort of business model. We would like to give some time to see if this can be achieved before decisions are made to reduce the delegation. We do not want a great project to sit quiet and dead on the steem blockchain if we can at least try to get it kick started again.
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Yes, fundition could be a good project.. but if you actually have to bribe or force them to do what they were supposed to be doing all along (while collecting a big check from community funds), instead of the bs they were.. then maybe it’s better to start fresh and build this thing you all see as valuable.
The only thing fundition has that’s unique is they already have a website. Pretty sure anyone could build that with 1M SP.
Seems quite strange to give them a pass because they could maybe do something of value.
Glad you are trying to go about this in a fair and logical way, but at some point it’s just being complacent and setting a bad precedent.
If we do this in a corrupt way or repeat the same warning again and again, without taking any action then I can understand ur point. We are not there yet however
Fair enough, but I see reduction of delegation for some and not for others.. and no real action taken to ensure they stop what they have been doing all along, and as far as I’ve seen - show absolutely no remorse for.
The “wait and see” option is valid.. but I guess it feels like we have been doing so for quite some time. Perhaps actions would be acceptable at some point.
Thanks for your time.
Everything about steem is a “wait and see”
As hopeful as I’ve been the reality is we are making new lows in satoshis, and we are getting delisted off exchanges more than we are being added to exchanges. Hopefully SMT’s reverses the trend.
We are not bringing in much capital, only people investing are those who are already here... marketing is none existent or needs to change immediately, we need viral talent but before that we need to figure out how to manage a spike in incoming users...
I pray someone builds something to help us reclaim a seat in the top 10 on coinmarketcap again,
but this whole “apply for free delegations” is removing potential buyers off of the buying side of the market while they make money off the whole thing and create selling pressure...