Put our trust in steem.

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The way that steemhost is set up, people purchase advertising using steem and visitors and the hosts each receive 1/3. There is one obvious flaw to this - visitors and hosts need to trust that steemhost01@steemhost01 doesn't cancel all the distributions. Since we are in early stages this risk is infinitesimal. As time goes on this risk increases ... not from me but from bad actors. A few years ago a woman won about 60 million dollars in a lottery. The first thing she bought was a million dollar fence to go around her property.

Conceivable any of the whales need to worry about this, but also it is a concern for individuals as well. On a personal level I would be concerned that someone might steal my personal credentials and power down my steem power. Of course it would be the slowest robbery ever (13 weeks) but robbers are not just people, governments can be another group of robbers to contend with. Imagine if some government arrested ned@ned and other whales and confiscated their accounts ... immediately powering down and cashing out. This would have a negative effect on the steem ecology which might be insuperable.

My suggestion is to create an option for Steem Power. Right now you can Power Up, I am suggesting a second option which would be to Power Up into a Trust. When Steem is moved into Trust. This means that you can continue to delegate that steem power but no longer power it down. This would satisfy the condition that I consider problematic with steemhost but also make actions by bad actors less likely. Even if a government arrested ned@ned, the worst they could do would be to remove all his delegations. While this will affect the value of posts for a number of people ... it would have an immediate effect of increasing the value of steem. It would be the equivalent of burning the steem. As it is on the blockchain, people would see immediately if something untoward was happening with future delegations.

The other aspect of putting steem power into trust would be something to discuss with lawyers when it comes to inheritance. Steem power put in trust can be delegated to offspring and is only worthwhile if it is used. Steem power can be delegated to others who pay a "commission". In some cases it is 18 percent ... which is a pretty good return on investment.

Anyway I hope this will give people some discussion points. Remember to visit me at https://steemhost.com/@dwarrilow2002

Put our trust in steem. | Ecency