We should also discuss the following idea regarding the SMLY premine: Rather than keep the premine hidden away in cold storage we could set up a formal board of trustees (for lack of a better term) with access to a multisig address where the premine is stored. So we would view the remainder of the premine as a fund to be used for a specific purpose. A majority signature would be required to send SMLY from the fund.
The fund would still have pretty much the same functions as the present premine, i.e. support the tutor-web with an option to occasionally fund R&D projects. We should use the opportunity to spell out exactly these functions, e.g. with a percentage split into each category. We should also spell out exactly the maximum amount spendable per year.
The fund would still have pretty much the same functions as the present premine, i.e. support the tutor-web with an option to occasionally fund R&D projects. We should use the opportunity to spell out exactly these functions, e.g. with a percentage split into each category. We should also spell out exactly the maximum amount spendable per year.
Make it so.
