#steem

Offer to Purchase Steemit.com for Custody of the Steem Community

@thecryptodrive@thecryptodrive (70)2363d

___

FIRST DRAFT PROPOSAL

To Tron Att: Justin Sun

The Steem project should have never been launched under the guise of immutability, freedom and liberty while a corporate entity owned and controlled the main dapp and marketing, this is not representative of the ideals of decentralisation and Open Source.

Steem will never prosper while its flagship domain is under corporate control and whoever owns it will always be cursed to be at loggerheads with the community.

Steemit.com is a piece of genesis history of the Steem blockchain and should be preserved as such. I hereby propose to emancipate the steemit.com app to the ownership of a community trust such as a Bermuda Charitable or Purpose Trust, with strict instructions in the deed that this domain should never be sold to individual or corporate control but rather forever remain in the ownership of a community trust.

The trust shall be to the benefit of the Steem community and the development of the steemit.com app and other worthy social initiatives.

I hereby tender to you a rounded up purchase offer of 1.4 Million USD for the below-listed domains (valued by Hypestat.com) and to include all public communication accounts previously owned by Steemit inc, such as but not limited to, steemitblog, steemitmarketing, Steemit Twitter, Reddit and Facebook accounts, along with the necessary github repos for all UI's and webpages.

At this stage we will sort our own infra and likely will not need anything else other than the domains and social media and Steem accounts empty of any Steem or Steem Power funds. Infrastructure transfer could be discussed if it is to the benefit of both parties, but that discussion can come later.

List of Domains and Valuation

steemit.com $1 163 982.84 steem.com $ 7 245.24 steem.io $ 8 086.31 steemitwallet.com $ 157 173.21 ------------- Total: $1 336 487.60

The steem.com domain is a good place to start as this domain is useful as an information site under community ownership and could be funded for purchase fairly quickly.

Should you accept this offer by replying to this post, you will give the Steem community 90 (ninety) days to crowdfund the total amount and the less valuable domains can be purchased separately as funds are raised.

The funds shall be raised by issuing a Steem Engine token 1:1 with each dollar contributed to the crowdfund. This token will later become an SMT when SMT's are available and will not compete with Steem as the main currency of the steemit.com app and backers will perpetually earn at a minimum a stake weighted share of 25% of the profits derived from the community trust from activities such as investment of surplus funds, ad revenue, subscription revenue etc.

The profit distribution percentage can be adjusted upwards at the discretion of elected trustees. The minimum shall be recorded in the trust deed.

The roadmap would be to first and foremost win back the ex Steemit Inc devs to the community @gerbino, @roadscape, @vandeberg and @justinw should he choose to resign from Tron.

The trust will be used to ensure that developers are paid in real currency and have valid employment and will lead the way to mass job creation to further the platform. Initially, the funding will come from any surplus raised from the token sale and via SPS proposals.

Once developers are back on board with the community the SMT roadmap shall continue and focus shall be placed on making Steemit.com accessible to all major languages such as Spanish, Chinese, Korean, German etc for maximum inclusion.

Over time an offical mobile app will be developed with similar UI feel to the main site and most importantly the current Steemit green logo will be retired in favour of the original Steem blockchain logo as it was in the beginning.

Any improvements on the original logo are also welcome, however, the Steemit logo will not be retained.

Justin, I implore you to consider this offer as an act of benevolence and let our community go on to become self-sovereign and truly free from corporate control. This act will go a long way to improve your overall reputation and that of Tron. You gave away $4 million to meet with Warren Buffet, I trust it would be easy for you to do the right thing and sell this project back to the community at the appraised price.

This offer will remain on the table for 7 (seven) days after which on this day next week if I have not heard from you I will start to mobilise the neosteem.com domain that I own in the same fashion as mentioned above and campaign to move the entire community to it, with Steem still remaining the underlying currency.

Sincerely,

@thecryptodrive Legitimate Steem Consenus Witness BuildTeam CEO

Disclaimer: This offer to purchase has no bearing whatsoever on the current discussions and issues regarding the ninja-mind stake. It is a separate offer for the domains and public-facing communication accounts only.

100% Burnpost!

Comments · 56

@trendotoken(59)· 2360d
Congratulations @thecryptodrive, your post successfully recieved 13.45181175 TRDO from below listed TRENDO callers:

^{@theguruasia earned : 8.9678745 TRDO curation}

^{To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site}
@sames(66)· 2362d
Launch the neosteem website. This might just be a show of how website don't equal the coin cough bitcoin dot com.

What I suggest after a while we rally and get also price sites like CMC to stop links to steem/steemit if the thing is still hostile ie what bitcoiner did with the bitcoin dot com
@rmach(72)· 2362d
A couple of days ago I thought to myself: We should find a way to buy this back! He confessed he just came for the money and doesn't care about the community. Clearly @thecryptodrive had similar thoughts and came up with this proposal. I don't know if it's a good one as I'm not skilled to assess it but a draft is a starting point.
@joeyarnoldvn(68)· 2362d
I agree with this proposal. I doubt that a better deal could be made than this. It should be in a trust like you said, assuming we should not or cannot simply get rid of the Steemit Inc company altogether to survive with other apps on the Steem chain.
@stellabelle(76)· 2362d
I think this is a good idea.
@arcange(79)· 2362d
Congratulations @thecryptodrive! Your post was mentioned in the Steem Hit Parade in the following categories:
- Upvotes - Ranked 9 with 763 upvotes
- Comments - Ranked 2 with 118 comments
- Pending payout - Ranked 3 with $ 99,64
@beggars(71)· 2362d
I was curious how you were going to pull this off and I was open minded until you mentioned community raising the funds and creating a Steem Engine token. Seems like a huge liability and ask for one person selling a token asking the community to trust them, $1.4 million is a lot of money in one person's hands.

I don't think the domains have any value. They're not worth that much in my opinion. The value is the blockchain and nobody can buy that.
@farizal(64)· 2363d
I'm all in until this part:

The funds shall be raised by issuing a Steem Engine token 1:1 with each dollar contributed to the crowdfund.

Now, I am skeptical.
@steemitboard(66)· 2363d
Congratulations @thecryptodrive! You received a personal award!

Look's like you do not like Justin. Did you really downvote him?
_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}

Do not miss the last post from @steemitboard:

Use your witness votes and get the Community Badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
@steem-ua(64)· 2363d
Hi @thecryptodrive!

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In our last Algorithmic Curation Round, consisting of 86 contributions, your post is ranked at #2. Congratulations!

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@twinner(68)· 2363d
I respect your efforts here, but such actions must be coordinated and decided in the community. Such individual actions damage our ecosystem. Hence the downvote.
@hobo.media(64)· 2363d
The intention is good, but I really don't think the domain name is worth the battle. Steem was designed to have frontends all over the internet, and that, in my opinion, is what should happen. Other businesses just need to do the ground work to launch a frontend and make it popular.

You should do your neosteem domain and provide STEEM burning for ads, this is how STEEM becomes valuable. It should always have been using the burning feature for promotions on all the condenser frontends, and there should be a solid decentralized tool for this used across the many different frontends.
@jarvie(75)· 2363d
I'm pretty sure hypestat is mostly just hype. Not sure you should trust those numbers. I call BS on them as much as I'd love to think steem gets that type of traffic I don't think they get close to that.

So we'd have the URLs but still have a chain with centralization issues?
@oldtimer(76)· 2363d
So now when we chased the first big investor away it's time for crowdfunding? Good luck.
@cosmicart(45)· 2363d
If for some reason at some point Steem does end up being forked into a new blockchain I think it would be a good idea to call it something other than Steem. First, the name "Steem" is too easily confused with the game platform "Steam" and makes marketing less effective. Second, especially with the current situation, people outside of Steem may be less inclined to take a look at the new chain if it has a similar name. It may be easier to build interest in a new project with a completely new name.
@valued-customer(75)· 2363d

"...an act of benevolence..."

Sun has used his stake to destroy the governance mechanism of Steem, which ultimately destroys the value of his stake. It would not be an act of benevolence for him to rescue such value of that stake as he can now.

It would be an act of desperation.

I hope your offer is accepted and Steem can continue to be a place where free speech is fostered.

However, presently, the illusion it was decentralized has now been dispelled, and it is the possession of Tron, under the control of one man, Justin Sun, who has assumed control of it's governance mechanism, which he can deploy instantly at his sole option. The exchanges remain powered up, and only by refraining from continuing to vote for Sun's witnessbots do they allow the illusion that community witnesses are viable.

The fact is that either the exchanges and Tron execute the code restricting their accounts from exercising governance, or Steem is Tron's possession.

I await the community's arrival at this conclusion and migration to a new chain, where hopefully the accumulation of stake nominal to undertake governance of the chain at it's holder's sole option will not be possible, and thus the chain actually be decentralized - which Steem never has been.

Thanks!
@freebornangel(72)· 2363d
Woohoo! You go, tcd!
@xpilar(75)· 2363d
Your suggestion is good, but it remains to be seen whether Justin Sun will respond
@kus-knee(74)· 2363d
You've done so many fabulous things for this blockchain! Keep up the great work!
@socky(73)· 2363d
In the world of business, you just can't make offers based off so little. First you need real commitment from real investors who intend to purchase. You also need to have the details of the original purchase so that you can make a respectable offer that will meet the needs of the seller. If you intend to raise monies based upon fundraising effort of this magnitude, you need to have previous history of equivalent fundraising to prove you have the ability to accomplish the amount promised. The offer should be formally submitted to Justin Sun's legal team and not through a post on a social media.

Also, I am not a salesman, but I don't believe a good sales tactic should include a threat. Especially one that everyone can witness.
@edje(73)· 2363d
Although removing Steemit Inc and take their activities into our community may seem a good idea, but I'm of the opinion this will not work at all. To create a new more or less central entity developing the chain and steemit.com service, I'm not in favour of. When we like to see this development to be transferred to something else, it either shall be in the community control (ie no new central entity), or it shall be transferred to a company that has proven track record in developing complex software, understanding and being able to evolve complex algorithms, know what UX is and be able to deliver high level UX implementation, as well has good marketing people, have ties into the crypto world as well as the fist world. Ie a proven professional company. All for good reasons: To bring Steemit forward, as well as give the Steem blockchain a solid future, millions and millions needs to be invested. Forget about the ad-income, its very minimal at the moment, and I'm pretty sure it will not grow considerable until we have millions of active users (which may take another few years to a decade before that happens). You may read my proposal here: https://steempeak.com/hive-148441/@edje/my-proposal-and-thoughts-to-move-ahead-with-our-community-and-steem

That said: We can continue with SteemPeak; Seems to be of a high level UX then Steemit.com

ps It concerns quite an investment, hence you really need to share a business case, including all costs and revenues you think you'll be making with this. Even for crowdfunding, this is a minimum to get some real money. I dont think the Steemit UI is the best around our chain. The brand has some value for sure. But most Steemians will quickly move to another frontend the moment steemit.com stops operation. That could be a demand to TRON, discontinue steemit.com UI; I think that is more fruitfull and cost much less money.
@mintymile(69)· 2363d
Hey I voted for you as witness, coz well, you are real witness of steemit, want good for it and all, know about you only reading this post, so nice. Goodday.
@leprechaun(66)· 2363d
If @berniesanders is against it, it probably is a good idea. Good luck.
@leprechaun(66)· 2363d
If @berniesanders is against it, it probably is a good idea. Good luck.
@mintymile(69)· 2363d
This is amazing... yup it's a good idea to restore the ownership of Steem inc to trust and crowdfunding for payment of buying this back from Tron. I think, if there is community support behind Steemit this should work. I never would have thought of a solution like this that can bypass all the fights happening na?...

I hope this plan will find community backing, and once it does, all works well!!

I think this is a good proposal to start with, quite kool!!
@carapthian(46)· 2363d
I applaud any post which is written in a positive tone how ever far fetched the solution is. It requires some thinking outside of the box to get out of this impasse and get the parties involved to leave their trenches. So thanks for this contribution
@mermaidvampire(73)· 2363d
I think this proposal should be presented to witnesses and the community first before going all out here. No.
@healthproducts(51)· 2363d
This is complete chaos, fun to follow and see what happens. Resteemd
@esecholo(65)· 2363d
Why not just split it... Create a hardfork... Tron Steem/SBD and Classic Steem/SBD. Everybody wins.
@chireerocks(75)· 2363d
@thecryptodrive, I am not into the Depth of Financial aspects. Hope that you've Brainstormed about it and came up to this conclusion which can come up as a Solution. Whatever it is, i want to appreciate your dedication. Stay blessed brother.

Posted using Partiko Android
@techcoderx(67)· 2363d
Given the current reputation of Steemit Inc, steemit.com and steemitwallet.com is not worth $1M in my opinion. Domain value estimators do not take this into account.
@jacuzzi(75)· 2363d
This is an interesting idea and I like that it is an out of the box thinking solution. Wish more people would pitch ideas rather than bash on everyone.
@shmoogleosukami(73)· 2363d
This is unnecessary, Sure Steemit is currently the 'face' of steem being most people think steemit = steem. Sure it'll take some time to change that but rather than spend $1.4 million on buying the domains we could spend that on advertising other frontends for like 10 years.

It's not worth it. Make new steem social media accounts, promote them instead. Make a new front end and promote that instead. Change peoples perceptions of steem rather than spend an insane amount of money buy up the old stuff.

I for one won't put a penny towards this.
@flaxz(75)· 2363d
Great proposal I like it.
@marki99(62)· 2363d
Do you include the Steemit stake in that transaction? If not, don't you realize the incentive problem it creates?
@trumpman(82)· 2363d
Congratulations. This is among the top-3 most retarded posts I have ever read on steem. Not a surprise of course, as it comes from one of the greatest cock suckers of steem.
@berniesanders(77)· 2363d
What a fucking joke. What makes you think anyone’s going to trust your slimy ass to organize anything like this? And $1.4 million??? A Steem-engine token?!?!

This is some of the most hilarious shit I’ve ever read on this blockchain.

You are as fucking retarded as you look, Ritardo.
@theguruasia(69)· 2363d
@thecryptodrive, If @justinsunsteemit agreed on this offer we do our best to build this fund base and buy back those domains. Nice offer of course! $trdo

Cheers~
@nnnarvaez(68)· 2363d
maybe it is time for a total change...
@alexs1320(72)· 2363d

Steem will never prosper while its flagship domain is under corporate control

As much as I remember, Steem cult was constantly repeating that STEEM IS NOT STEEMIT

Now what?

corporate entity

No, you amateur, this is private not corporate. What you are proposing is - to create a corporation But you don't know how to use the right words

with strict instructions in the deed that this domain should never be sold to individual or corporate control

Again, corporation = stakeholders. You buy steemit, it's a corporation

Never to be sold? This is stupid beyond imagination. How to lock down the investment forever

The funds shall be raised by issuing a Steem Engine token 1:1 with each dollar contributed to the crowdfund. This token will later become an SMT when SMT'

Why not using, you know, dollars, that green paper?

The profit distribution percentage can be adjusted upwards at the discretion of elected trustees. The minimum shall be recorded in the trust deed.

Congrats, you created a corporation, amateur

Justin, I implore you to consider this offer as an act of benevolence and let our community go on to become self-sovereign and truly free from corporate control.

Hahahahah

You gave away $4 million to meet with Warren Buffet, I trust it would be easy for you to do the right thing and sell this project back to the community at the appraised price.

It was probably worth it, while this childish offer is not worth the electricity used to display it
@luca1777(69)· 2363d
That is the most constructive solution i heard in this whole "mess". I really like "... that this domain should never be sold to individual or corporate control but rather forever remain in the ownership of a community trust." But let me ask.....the not transferable part of the ninja mined steem that Ned sold Tron Boy is only...let's say a "gentlemen agreement" on trust? Or is it a clause in a contract, to be hold accountable for?
@chekohler(76)· 2363d
Well that's a nice change, instead of just shouting offering a constructive argument, Wishing you all the best with your pitch
@starkerz(73)· 2363d
Awesome, i will do what i can to get this under the eyes of tron people
@arcange(79)· 2363d
I personally won't give a fuck about the steemit.com and steemitwaller.com domains, except for backlinks which should then be redirected to another decentralized front-end.
@russia-btc(71)· 2363d
Good suggestion - but I think Justin is greedy and will not give up.
@neddykelly(59)· 2363d
This is the way awesome work mate what a great post.
@nateaguila(69)· 2363d
Nifty idea. However, I'm sure it's entirely dependent on how the Tron/Witness negotiations pan out. Or maybe this can be part of those negotiations.
@eturnerx(69)· 2363d
If you fork, will you neuter the Ninja mine?
@stoodkev(72)· 2363d
I dont think we need Steemit.com for any reason. It has a bad image, the condenser code is OS and there are alternatives. Through the multiple dApps, extensions and communication channels, we also have means to draw the traffic away from it and redirect it to other UIs.
@meesterboom(81)· 2363d
It would be worth it to pay all that just to get rid of the green logo alone :0)
@dr-frankenstein(66)· 2363d
You are basically asking him to give up his weapons and pressure points. Those domains constitute, to some extent, the face of the Steem blockchain. Their worth is definitely far more superior than 1.4 million USD.

Your post/offer will just make people, who you want to buy the domains from, realize that they own another great pressure points. If the current situation unfolds into a Hard Fork and a split, the above websites will play a key role in determining which chain will prevail/thrive.

Good job Einstein.
@bilal007(52)· 2363d
Excellent
@jaydih(72)· 2363d
There we go. Nicely thought out.
@emsonic(75)· 2363d
Resteemed

Posted using Partiko Android
@apon6431(65)· 2363d
Amazing idea , I'm agree with you , & I'm sure our community will able to crowdfund this amount. Now see if justinsun is agree with it or not?
@ash(74)· 2363d
I would only buy Steem.com (better branding), and give this domain to @steempeak :)

FIRST DRAFT PROPOSAL

List of Domains and Valuation

Comments · 56

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