[Proposal] Add Inflation Funding Source to the Steem Proposal System

Update: The proposal was not accepted but I will provide the code anyway because it doesn't suit me for shit now.

What is the Steem Proposal System (SPS)

Now that you have read the link above (you have right?) you likely have a better understanding of what the SPS is and its function. In that post (that you definitely read) there was mentioned having a portion of the existing Steem inflation tokens assigned to the SPS fund, aka worker fund.

The post plays with the idea of around 1% of the total Steem inflation, which is not a bad starting point, in my opinion. Without a source of funding to the worker fund, there will be no point in the system because nothing will be able to actually be funded. SteemIt has made a tentative offer of seeding the initial worker fund with 200K STEEM. While this is a nice start, it will quickly be depleted and we will be back at square one.

The Issue

Due to the fact that time is of the essence at the moment, as far as getting code merged into Steem for the next hardfork, it is ideal to not have to go through multiple hardforks for a single project. Every hardfork requires witnesses, RPC nodes, and exchange nodes to update their software. The SPS system is already merged into the master branch at https://github.com/steemit/steem and is being prepared for launch.

In its current state, the SPS system does not have any source of funding from the Steem network. It is entirely reliant upon SBD transfers (donations) sent to the worker fund account.

My Proposal

I have already written the necessary code to allow the SPS worker fund to be funded from the existing Steem inflation. I can provide this code immediately upon established agreement between myself and SteemIt.

I am quoting a total of 15,000 STEEM for the funding code and my ongoing support throughout the process until the additions are deemed stable by SteemIt. This 15,000 STEEM can come directly from the proposed 200K STEEM initial funding, leaving 185K STEEM for initial funding.

The worker fund will grow at a rate of roughly 2.48M STEEM worth of SBD for the first year. This rate will change as the supply increases and the rate of inflation decreases.

Potential Risks

The SPS worker fund operates entirely on SBD. This is to preserve the value of the tokens received through proposals and help remove some of the volatility using STEEM would have. One problem with this model is that if we are to use Steem inflation, we will need to convert the generated STEEM to SBD on a per block interval for the worker fund.

This can potentially increase the SBD supply and have some effects on the SBD print rate for authors. However, a simple solution for this would be for someone to create a worker proposal with @null as the receiver for however much SBD needs to be burned from the fund to adjust the SBD supply.

Discussions

Please keep the discussions below civil and on-topic. Let's try and get some real progress achieved here for this SPS and hopefully we can get a thriving new economic model around Steem development that could likely entice many new developers to join the ecosystem.