I'm extremely excited at the scale of this. Some weeks ago, when the masternode donation system and funding of devs was announced, I was excited but thinking that there wouldn't be nearly enough money to actually incentive development.
But 15% of block rewards? At the current rate of exchange, $40,000 per month or $480,000 per year? That's a staggering amount of funding which can be used for development, marketing, etc. I'm thinking this is very, very good! Imagine how far half a million dollars per year will go if spent wisely!
But 15% of block rewards? At the current rate of exchange, $40,000 per month or $480,000 per year? That's a staggering amount of funding which can be used for development, marketing, etc. I'm thinking this is very, very good! Imagine how far half a million dollars per year will go if spent wisely!
i think 10% should be plenty for right now. when the project grows and they need more the mn's should vote on it.
40/50/10 - m/mn/dev.
Crossposting from dashtalk:
Quote from: Solarminer, post: 51887, member: 3405
In my opinion, pulling a set amount from the blockchain for future spending encourages frivolous spending. I would instead say that the blockchain amount changes only when there is a need. For example, a proposed video to support Dash needs a 6 month take of 1%. MNs vote and then after approved the split changes. After 6 months the split reverts. We could do the same for new features, wallets, etc. I would encourage each funding proposal to expire after a set time. Putting a permanent 'development tax' on the blockchain sounds really bad to me.
Liking this idea. If there are approved projects to fund, divert that agreed amount to fund them. If not, why stockpile money? Keep a reserve but cap it at something sensible. Don't take from miners and MN ops when it's not needed.
Contractors should be paid after they deliver to full spec, never before, we shouldn't be fronting money to anyone.
Who's in control of this pot anyway? There's someone out there with 600 MNs or something. What % of votes are needed to decide a poll?
Or, we don't have to spend it all. There is nothing wrong with savings. But I suspect that great projects will be submitted and there won't be enough funds around to fund them all. I honestly don't think this will be a problem for quite some time. And if it does become a problem, like minotaur said, unspent funds could go back to the miners. You could do something like an end of the year deposit into yet another account which makes a % payment to found blocks, which should pay out completely in 1 year, and each year there is a surplus of funds, this is done with that account.
But, I couldn't get myself to say it 
LOL
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