3 things I want to say about the budget:
1) Transparency -- have some way for the community to see where the HYPER has gone and how much is in the balance.
2) Community Involvement -- let the community decide which projects to fund. have some kind of voting mechanism for people to vote for the projects they want to see get started/completed. people can also donate to a project or the fund, which can act like votes. Top projects are chosen based off the budget.
3) Floating Budget -- aim to keep the budget floating at a threshold for each season or chosen timeframe. if we use seasons, a simple way to decide on a budget is to keep it around the average past total HYPER expenditure per season multiplied by some arbitrary number, maybe about or more than 8 (8 seasons representing two years as a safety net or for very large projects like the MMO game).
The above can be transformed into a web app where people can propose ideas for projects, and people can vote on them and easily see where the HYPER is flowing. It allows the community to get involved and be more active. It also allows newcomers/outsiders to see how amazing HYPER is and how much work is being done. I know I, personally, would have a lot of fun just taking a glance at all the amazing projects and seeing their progresses. It also gives incentive for the project devs to get things done and perhaps allows the HYPER to be better spent depending on what the community wants.
Speaking of which, I think having a web application that can perform these duties would be a great idea, and it is something that I thought about for a bit now. What do you think? Anyone experienced with node.js or javascript in general (I also like meteor.js if you've ever heard of that)?
We can start an open-source project, and we can try to bang this out if people think it's okay. Any other ideas that I missed or anything else that could help make this a reality? Or maybe this isn't a good idea?
1) Transparency -- have some way for the community to see where the HYPER has gone and how much is in the balance.
2) Community Involvement -- let the community decide which projects to fund. have some kind of voting mechanism for people to vote for the projects they want to see get started/completed. people can also donate to a project or the fund, which can act like votes. Top projects are chosen based off the budget.
3) Floating Budget -- aim to keep the budget floating at a threshold for each season or chosen timeframe. if we use seasons, a simple way to decide on a budget is to keep it around the average past total HYPER expenditure per season multiplied by some arbitrary number, maybe about or more than 8 (8 seasons representing two years as a safety net or for very large projects like the MMO game).
The above can be transformed into a web app where people can propose ideas for projects, and people can vote on them and easily see where the HYPER is flowing. It allows the community to get involved and be more active. It also allows newcomers/outsiders to see how amazing HYPER is and how much work is being done. I know I, personally, would have a lot of fun just taking a glance at all the amazing projects and seeing their progresses. It also gives incentive for the project devs to get things done and perhaps allows the HYPER to be better spent depending on what the community wants.
Speaking of which, I think having a web application that can perform these duties would be a great idea, and it is something that I thought about for a bit now. What do you think? Anyone experienced with node.js or javascript in general (I also like meteor.js if you've ever heard of that)?
We can start an open-source project, and we can try to bang this out if people think it's okay. Any other ideas that I missed or anything else that could help make this a reality? Or maybe this isn't a good idea?I agree totally. I would love to see voting on different HYPER projects eventually built into the HYPER wallet itself.
Due to the high number of transactions from the 500 000 HYPER MMO Development Fund psybits is managing and the high number of transactions from the main HYPER bounty wallet I manage, both do not display correctly on the HYPER block explorer anymore. I will move the main bounty fund to a new address so it can again be tracked on the HYPER block explorer, and I will also ask psybits to do the same with the Escrow MMO Fund.
Some large recent HYPER expenses (in last month to 8 weeks):
10 000 HYPER for initial HYPER Poker site development
2500 HYPER tip to meowball for ongoing work on HYPERGG and more
5000 HYPER for Hyperbundle.com development and to help cover costs of 15% discount
~6000 HYPER for twitter marketing
~6000 HYPER for $100 steam game competitions and associated
~5000 HYPER for signature campaigns, miscellaneous giveaways etc
10 500 HYPER for monthly Blitz for TF2, CS, and CS: GO (2 months)
1750 HYPER for monthly Assetta Corsa Racing competitions (1 month)
1750 HYPER for monthly Rust competitions (1 month)
10 000 HYPER for PR campaign
7500 HYPER to PD for HYPER wallet development
3000 HYPER to Mellon for getting HYPER on new exchanges and new merchants
1000 HYPER for HYPER dice site announced today
Much more I have probably forgotten. Many miscellaneous HYPER tips for various projects have been given such as the HYPER steam group, HYPER trading Reddit, HYPER G Mod server etc.
To try and preserve the MMO fund as much as possible I have actually been using some personal HYPER funds that I bought when HYPER was very new on the exchanges (and much cheaper than it is today) to pay some of the above, as I really did not want the fund to go below the 500 000 but it has become inevitable as I very much believe in HYPER and want to have as many awesome HYPER projects in the works as possible! I don't expect or want any of my personal HYPER I have spent returned from the project funds.
Upcoming HYPER expenses very soon (to bring down MMO Development Fund down to approx 450 000 HYPER):
10 000 HYPER for HYPER Poker site completion
5 000 HYPER for HYPER Android wallet
5 000 HYPER for website redesign at hypercrypto.com
As Ignatius knows, I have been paying most of the HYPER game server rentals with my personal BTC and I am going to pay myself back the HYPER value of these costs as they have really started to add up over the last 6 months since HYPER was launched! I have also paid for some other things with my personal BTC but I do not want a refund for these from the project funds.
A priority will be to send the HYPER MMO Development Fund and Bounty Fund to new addresses (as they have too many transactions to display on the block explorer correctly right now) so they go back to being 100% transparent.
Meowball if you want to make a web app where people can vote on, and even donate HYPER to various projects that would be awesome and I would see that project as a priority
This is great! Thank you! I think having like a monthly summary report here like what you did just now would be super awesome. I know many ppl would appreciate the transparency. HYPER to the future!
Thanks meowball! It does need to be more formal but it's a start. A HYPER crowdfunding site would be great hint hint
, so that anyone can donate to up and coming HYPER projects as unfortunately the current rate of development is spending too much of the HYPER MMO Development Fund 
It is great there are so many people spending their time on HYPER projects though I'm grateful to everyone who is a part of the community and wouldn't have it any other way!EDIT: We could also have the HYPER project match the backers funding HYPER for HYPER up to 1000 HYPER for up to 5 ordinary projects and each month the community can also choose projects to be fully funded from the staking funds from the HYPER MMO Fund
