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RE: Suggestion: Creating the SPS funded "Steem Treasury Reserve" [burnsteem100]
But the scale of work is enormous.
True. I was skeptical of Gemini's timeline. It almost needs a professional firm to lay the foundation (which could be funded by the SPS, in principle).
An interesting thing to me is that it's possible to use SPS proposals to manage off-chain investments in this manner. Burn proposals and return proposals could be used to direct the foundation's decisions without any funds actually changing hands. It's sort of obvious, but I had never thought about it before.
Not sure if there's any advantage to doing it that way rather than just making an app to track stake-weighted voting, but the capability was somewhat unexpected.
Technically you can use the SPS as an external governance system, and it even makes sense. But without a professional team, there’s no way to put something this big together. The idea is solid, just really tough to implement.
That’s reasonable.