Hello all! Most of you know me, but for those who don't, I'm David Dinkins. I do writing/editing work as part of the Core Team, and I've been a part of DASH since May 2014. I'm well known in the community, and anybody on Core Team can vouch for me.
Now that the "who" part is done, let's get to the "what." In the last couple of months, I've seen at least one proposal fee crowdsourced, and I've seen at least one potential proposer worry about whether to submit a proposal to the network due to the relatively high fee. As you know, the fee for making a proposal is 5 DASH, which at this time is about $45 and has been as high as $75 recently. That's a lot of money to put at risk in the event the network doesn't approve a proposal. I'm wondering how many people might have really good ideas but not be willing to run the risk of losing that much money in the event that the network does not approve it.
I am requesting 80 DASH in funding, to be used as follows:
60 DASH -- Whenever somebody submits a proposal that does not pass, but that achieves at least 100 net positive votes, I will reimburse them 4 DASH, which will cover most of the proposal fee, while still ensuring they have some money on the line. (I will send the DASH to the payment address specified in their budget proposal.) This funding will allow reimbursement of 15 failed budget proposals. The 100 net positive vote requirement is important--the purpose of the 5 DASH proposal fee is to prevent spam attacks against the network. Requiring 100 net positive votes will negate any chance of a spam attack occuring.
5 DASH -- Covers the fee for this proposal
Total of 65 DASH.
I will submit a report at the end of each budget cycle detailing the amounts paid to each proposal and included the tx information for each payment. I will keep all funds in a segregated account so you may check the balance at any time on the blockchain.
I realize this budget cycle ends in a few days, but I wanted to wait until the month was almost over so that I did not risk bumping any other proposals. I feel that this is a good proposal, but I didn't want to take the chance of bumping something more important off the budget.
Note: Solarminer points out that in 12.1 the proposal fee will be reduced to .33 DASH. Once the fee is reduced, I will cancel this project and send any remaining DASH to Evan's publicly known address (Core Team Payments address) for him to use at his discretion for Core Team purposes.
Any thoughts on this before I formally submit it to the network? Cheers!
EDIT: Underlined text denotes revisions to the original proposal based on feedback given.
Now that the "who" part is done, let's get to the "what." In the last couple of months, I've seen at least one proposal fee crowdsourced, and I've seen at least one potential proposer worry about whether to submit a proposal to the network due to the relatively high fee. As you know, the fee for making a proposal is 5 DASH, which at this time is about $45 and has been as high as $75 recently. That's a lot of money to put at risk in the event the network doesn't approve a proposal. I'm wondering how many people might have really good ideas but not be willing to run the risk of losing that much money in the event that the network does not approve it.
I am requesting 80 DASH in funding, to be used as follows:
60 DASH -- Whenever somebody submits a proposal that does not pass, but that achieves at least 100 net positive votes, I will reimburse them 4 DASH, which will cover most of the proposal fee, while still ensuring they have some money on the line. (I will send the DASH to the payment address specified in their budget proposal.) This funding will allow reimbursement of 15 failed budget proposals. The 100 net positive vote requirement is important--the purpose of the 5 DASH proposal fee is to prevent spam attacks against the network. Requiring 100 net positive votes will negate any chance of a spam attack occuring.
5 DASH -- Covers the fee for this proposal
Total of 65 DASH.
I will submit a report at the end of each budget cycle detailing the amounts paid to each proposal and included the tx information for each payment. I will keep all funds in a segregated account so you may check the balance at any time on the blockchain.
I realize this budget cycle ends in a few days, but I wanted to wait until the month was almost over so that I did not risk bumping any other proposals. I feel that this is a good proposal, but I didn't want to take the chance of bumping something more important off the budget.
Note: Solarminer points out that in 12.1 the proposal fee will be reduced to .33 DASH. Once the fee is reduced, I will cancel this project and send any remaining DASH to Evan's publicly known address (Core Team Payments address) for him to use at his discretion for Core Team purposes.
Any thoughts on this before I formally submit it to the network? Cheers!
EDIT: Underlined text denotes revisions to the original proposal based on feedback given.
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