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RE: WARNING: Be cautious when creating new communities

in WORLD OF XPILAR9 months ago

This is part of why I'm not a fan of crowd-funded curation accounts for communities (unless it is self-funded by the community owner). I've seen too many "rug pulls" like this over the years. I definitely believe that it would be preferable if community members would support their communities by voting directly with their own SP.

You're right about multisig. If the new tool from @rexthetech makes that easy, then people should be skeptical of any community who is using a crowd-funded curation account that's not set up with multisig authentication. It doesn't solve all problems, because the multisig account could still be diverted from its intended/advertised purpose, but it helps a lot.

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Thank you for taking time and visiting this post. I fully understand what you mean and yes, agree, when the account is self-funded then often it has long life. I also agree that the community members should support others with their voting, that also lets people to communicate and to do more manual upvoting.

As to multisign, who knows how it will in practice, it is something new and the communities with many users who come together and start from scratch working may find it useful and save. But on other hand when creating a community everyone should have the same goal and not only to enjoy the benefits of the Steemit Team that is offered for communities and their Moderators.

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