December Transform PR Activity
Proposal For Next Contract
As a decentralized autonomous organization we need to be able to work with outside vendors reliably, so when the network makes a decision to fund a contract, we need to be able to support that decision in an irrevocable way. I believe the budget system failed us and it needs to be altered slightly to support this type of arrangement in the future.
Here are my suggestions for the budget system:
Ordinary one-time or month-to-month proposals will continue to function as they presently do; votes can be changed at any time, which will move these proposals up or down the payment queue (or even disapprove them altogether). These can be thought of as month-to-month contracts, which require ongoing review in order to keep supporting.
These will be an extended version of a proposal, with a minimum voting period of 30 days. During this period of time, an actual, legally binding contract between the vendor (promisor) and a network representative (promisee) should be evaluated. The promisee can be any legal entity which will act as the networks representative (legal firm, foundation, natural person, etc).
After the voting period (minimum of 30 days) has expired, any contracts which have been approved by the necessary number of votes will be paid until their expiration. Contracts, due to their legally binding nature, will be given priority for funding in the new budget system. Regular proposals will be funded by the system after funding is given to contracts.
I propose that the new contract system have a significantly higher voting threshold than ordinary proposals:
3-month contracts must be voted on by at least 20% of the masternode network.
6-month contracts must be voted on by at least 33% of the masternode network.
12-month contracts must be voted on by at least 51% of the masternode network.
Once these minimum voting thresholds are met, contracts will be considered “passed” if at least 51% of the votes cast are “yes” votes.
All contracts and proposals shall be denominated in Dash, unless the proposer is doing business directly with our foundation, which will carry a USD balance.
Eventually we wish to add native USD support to the budget system, which will allow a contractor to get an exact amount of Dash that can be converted to USD without the contractor carrying the market risk while the work is ongoing.
V12.1 - budget-system proposal
To establish network support for the above proposed, I’ve added a proposal to the system “budget-system”. Please feel free to ask questions here about the proposed changes, I’ll answer as many of them as possible.
I’ve also submitted the proposal for a payout of 50 DASH. If successful I’ll be reimbursed for the creation of 10x proposal, which each cost 5 DASH a piece to submit to the network. To see all proposals that have ever been submitted you can use dash ninja,https://dashninja.pl/budgets.html
If you support the idea and my reimbursement, please use the command (“vote-many a54a4fc99dde45b6841465c1cdb7b8f5ce4e6059c0086524ed26183f2b91f6dd yes”).
During the time Transform PR was an active contract, they did fantastic work for us. I would really like to work with them again after we have irrevocable contracts, which will be available in 12.1. Transform PR has provided us with the plan they were going to use from March through May, which I have posted in order to give the community an idea of what our future work with them (if approved after 12.1) would look like.
Creating and fully testing a new version of the software will take about six months. The good news, however, is that while we’re working on 12.1, we also have a separate development team led by Andy Freer doing work on Dash Evolution. Because of this, 12.1 shouldn’t delay the release of Dash Evolution. We are right on schedule.
Last edited: Feb 8, 2016