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Proposal: Commitment to Improving Funding Model

Discussion in 'Budget Proposal Discussions' started by billyjoeallen, Aug 11, 2018.

  1. billyjoeallen

    billyjoeallen Member

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    Draft:

    We would like to ask if there is enough recognition of the need to improve the efficiency and effectiveness of the way in which treasury funds are awarded so that there is a reasonable expectation that meaningful improvements will be made. In our opinion, benefit to the network can be achieved if additional tools and/or different practices are used in certain cases, specifically tying rewards to observable, measurable benefit to the network in a growing number of cases as opposed to the common current practice of tying compensation to expected future benefits.

    In practice, would we like to see more attempts to reward people who have already demonstrated benefits to Dash and the community in ways similar to and ranging from Nobel-type prizes, the Ansari X-prize, Requests for Proposal (RFPs) or Bounties? Would we like to see contributors more often submit proposals as a bill for work already done so that we do not have to always pay up front and take on the risk?

    The current tradition of pre-funding efforts could be described as a venture funding model and it is certainly appropriate in some cases, but we believe there is additional value to be gained by exploring other methods that would give Dash more funding tools in its arsenal as well as valuable information about what works best in given situations. We believe escrow is an important and useful tool, but that it has limits due to the need to trust the escrow agent and could be improved and/or supplemented.

    Successful passage of this proposal will be a signal to us as well as nervous investors and potential investors that the issue of funding is recognized by a critical mass of MasterNode Owners as one worth addressing in a meaningful way and a timely manner. If you feel likewise, then a "yes" vote will indicate as such. Do you commit or re-affirm your commitment to improving Dash in this area?

    No matter what the outcome of this vote, useful information will be obtained with which to make future investing decisions, both for us and others. Thanks for participating.

    Asking amount: 5 Dash
     
    #1 billyjoeallen, Aug 11, 2018
    Last edited: Aug 14, 2018
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  2. Dandy

    Dandy Member

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    I think this is far too vague.
    I'm sure that we all want to improve the funding model if possible, but without a concrete improvement proposal, I don't see a point to this.
     
  3. Alan Ayala

    Alan Ayala New Member

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    This should be interesting. I wonder if I own too much Dash.
     
  4. TaoOfSatoshi

    TaoOfSatoshi Grizzled Member

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    Can never own too much Dash. Snap out of it! :p
     
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  5. AshFrancis

    AshFrancis Member

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    I would agree that at the moment it's a little vague, however I do think that the addition of RFPs and post-contribution funding like bounties & prizes makes a lot of sense. Here's how I might approach the wording

    /my2duff
     
  6. billyjoeallen

    billyjoeallen Member

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    Thanks for your input. Obviously I would like to get the 5 Dash back if possible, so if the only people voting yes have to support all RFPs, bounties and prizes, I'm less likely to get this to pass. I just want to know if enough MNOs recognize funding as a big enough problem or area with room for improvement that something meaningful is likely to be done about it. The money we are paying out needs to be tied more closely to the results we are getting. Awareness of the problem is the first step and I need to know if we've made it that far.
    The reason I'm not making more specific recommendations is because I don't like flying blind. I don't know what the MNO level of awareness is and I don't think anybody knows for sure until we actually vote on it.

    Worried investors and potential investors don't specifically need my ideas to work. They need somebody's ideas to work.They need to know we are trying to get better value out of the money we spend. Unless we really aren't trying and then they need to know that too.

    My plan? if this passes, continue to make small experiments and to scale up when they work and to support anyone else working to fix this problem. If this or other or better decision proposals DON'T pass, then the plan is to reduce my exposure to Dash, as in start selling my MNO service rewards and stop recommending it so enthusiastically to others and eventually if nothing is done look for a better project.
     
    #6 billyjoeallen, Aug 13, 2018
    Last edited: Aug 13, 2018
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  7. billyjoeallen

    billyjoeallen Member

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  8. Sr_Urbanist

    Sr_Urbanist New Member

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    Is there already an RFP form to make proposals simple to read where the community knows where to find what information in the proposal and the proposals are not missing any important parts?