Recent content by forro

I surely hope the community is ready for this now.

Dash's 'free money' problem continues to plague the project. Lazy, parasitic recipients of the treasury know they are safe as long as the MNOs remain apathetic. If MNOs were directly incentivized to scrutinize each project and it's results, or lack thereof, the MNOs would give the boot to...

Folks, the treasury's 'free money' problem must be addressed. It will also cure MNO voter apathy and increase the effectiveness of the proposal system. Do what you can to raise awareness of this problem. We need a proposal in a timely manner.

The higher Dash's prices goes, the more important it is we solve the 'free-money' problem.

My question to Ryan for the current AMA: When can we expect to see more discussion from you about the treasury's free money problem?

Why is there no announcement from DCG about Ryan Taylor's AMA, currently in progress, here on the forum??

Thank you for your comment. You wish to see MNOs grant their voting keys to MNOs who have a proven track record of making positive contributions. Sounds great. But if MNOs dont even bother to show up in the first place to give a simple yes or no on a dozen proposals, how can you expect them to...

I agree that the DIF should be approaching the MNOs before signing any contracts or spending money. I agree that power tends to want to preserve and expand its power, that the people must remain ever vigilant, and that voter apathy helps those in power to stay there. I believe MNO apathy is the...

The Treasury's 'free-money' problem should be solved before we do something like this. https://www.dash.org/forum/threads/pre-proposal-solving-the-free-money-treasury-problem.51107

Dash finally has some wind in its sails. However, the free money problem ensures ineffective spending will only increase in USD terms. We must create a sense of ownership to the treasury funds by allocating the leftover funds each cycle to the masternodes (or split with the miners). Untill then...

Only when proposal owners face the prospect of more 'no' votes will they finally be incentivized to be more responsive to MNOs. MNOs need direct incentivizes to hold proposal owners accountable. The status quo is not working...

It is worth repeating: MNOs own a lot of dash. They care about their investment. They are not so stupid or greedy that they would vote down every proposal. Granting leftover funds to them at the end of each cycle would bring many benefits: It would create a sense of ownership of the treasury...

Folks, when the MNOs feel the money coming out of their own pocket, they will expect more transparency and responsiveness from proposal owners. Until that happens, you can expect the same poor results that Dash has experienced.

If DCG knew they faced more 'no' votes every month surely they would be more transparent and responsive. As long as MNOs see the treasury as free money they will keep spending it without putting any pressure on the recipients. Its too easy for them, and the results speak for themselves.

Folks, the treasury's 'free money' problem will not go away. Only when we make the necessary adjustment from 'free money' to 'my money' will spending get smarter. Look at nearly any government in the world, where the answer is to 'throw money at the problem'. Extremely large amounts of money are...