klee, neer.g, Pouncer, bybitcoin

I think one of these will decline, leaving three. If not, top three stakeholders

Pouncer's Proposal

This is my simplified suggestion.

Select 3 founders to be treasurers for the unclaimed funds.
One to hold marketing, tech & infra respectively.
Treasurers will not sit in any committee

Make this selection simple & fast by putting up 3 names and waiting for no objection (1-2 days) period. Any objections should be followed by a good reason. I suggest jl777 propose the 3 names.

Once this is settled, we can do the nomination/election process for the 3 committees.

What this will solve:
1. Unlikely for founders to "run away" with the trusted funds.
2. They will be in for the long haul
3. They voluntarily give up their right to decide on the usage of funds. Founders will not be seen as monopolising the decision making process, thereby pleasing the opponents of 1NXT = 1Vote to a certain extend.
4. Gives more opportunities to other stakeholders to participate in building up Nxt.

**********
This is much better than my proposal.

James

Pouncer's Proposal

This is my simplified suggestion.

Select 3 founders to be treasurers for the unclaimed funds.
One to hold marketing, tech & infra respectively.
Treasurers will not sit in any committee

Make this selection simple & fast by putting up 3 names and waiting for no objection (1-2 days) period. Any objections should be followed by a good reason. I suggest jl777 propose the 3 names.

Once this is settled, we can do the nomination/election process for the 3 committees.

What this will solve:
1. Unlikely for founders to "run away" with the trusted funds.
2. They will be in for the long haul
3. They voluntarily give up their right to decide on the usage of funds. Founders will not be seen as monopolising the decision making process, thereby pleasing the opponents of 1NXT = 1Vote to a certain extend.
4. Gives more opportunities to other stakeholders to participate in building up Nxt.

**********
This is much better than my proposal.

James

Pouncer's suggestion is brilliant

Pouncer's proposal is a million times better than mine!

If the founders are willing to do this, then that would certainly be the best solution! It is much better than my proposal. It even creates a positive PR event!

I have not been here the whole time, so I am not sure that I am the right person to select the Trusted Trinity, but I would say three out of klee, bybitcoin, neer.g and of course Pouncer. I am not sure the availability of the four. If all four are able and willing, then the ones with the biggest stakes left.

James

CfB, it seems to me that there aren't any real objections to the proposed Process. How to proceed from here? Since the Process doesn't actually select any specific people or determine any actual spending, I am hopeful that it will be acceptable.

Edit: The ratio of tech to infrastructure should be changed to make sure we can fund the hubs to support 1000TPS

some concerns have been raised about having people actively developing NXT clones on these votings, but this is not the urgent issue. The first step is to come to consensus on Process.

Thanks. Can we agree on "Trusted 7" (or N if we end up with something other than 7)
and just "Marketing committee", "Tech committee" and "Infrastructure committee"

This would clearly indicate that the Trusted 7 are holding the funds but the committees are independently deciding how to spend the funds

I have posted in main thread a proposal on the Process of dealing with unclaimed NXT:

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Proposal for Unclaimed NXT

I suggest we put up a slate of 7 trusted members that the thread discussing this will recommend. Then we put it up for an up or down vote.

If approved, the unclaimed NXT are divided among the trusted 7. They will be obligated to disburse funds that are approved by a marketing committee (3 Million NXT) and a tech committee (5 Million NXT) and an infrastructure committee (1 Million Nxt).

The election to the marketing, tech and infrastructure committees are independent from the decentralization of the unclaimed NXT. This means we can independently figure out who is on the three different committees and as soon as one group is formed, projects can be funded.

The community has already decided on 250,000 NXT per month for Marketing, so the marketing committee task is to figure out how best to allocate that budget.

tech and infrastructure committees have not formed yet, but we don't need to figure out all the details for getting the trusted 7 members in place.
**************

Please post feedback in main thread.

James

Then please change the name. subcommittee means it is subject to the main committee, not the other way around. Words mean things, stuff like this can be easily misinterpreted

I think people will prefer less steps and not being charged to vote

I think we are saying almost the same thing. I see it more as the trusted members are there to hold the funds and disburse it when the subcommittees approve it. The "Funding Committee" should NOT be above the subcommittees. Otherwise the conflict of interest could happen. The trusted 7 need to be separate from the subcommittees, NOT above.

Separation of deciding and access to funds. It is common sense

So you are saying that sending an AM & post their account no. & nominate name on the open forum poll is simpler than making one post here?

I must be really tired because to me doing one post seems simpler than doing a post and sending an AM. How do I send an AM? Doesn't that cost some NXT?

Please clarify. Leave what up to the committee? Are you saying to revisit the allocation to marketing? Are you saying to not separate funding decisions from disbursement ability?

Many trips last a week or even two
Simple is better. Everyone can post. We can just make a new voting thread so it doesn't clutter the main thread. Why do you object to this?

I have posted in the main thread a proposal for the Process to deal with the unclaimed coins. Please give feedback on the main thread

**************
Proposal for Unclaimed NXT

I suggest we put up a slate of 7 trusted members that the thread discussing this will recommend. Then we put it up for an up or down vote.

If approved, the unclaimed NXT are divided among the trusted 7. They will be obligated to disburse funds that are approved by a marketing committee (3 Million NXT) and a tech committee (5 Million NXT) and an infrastructure committee (1 Million Nxt).

The election to the marketing, tech and infrastructure committees are independent from the decentralization of the unclaimed NXT. This means we can independently figure out who is on the three different committees and as soon as one group is formed, projects can be funded.

The community has already decided on 250,000 NXT per month for Marketing, so the marketing committee task is to figure out how best to allocate that budget.

tech and infrastructure committees have not formed yet, but we don't need to figure out all the details for getting the trusted 7 members in place.
**************

James

There has to be some debate on my proposal. I must have made some mistakes somewhere. Does everybody agree with this:

**************
Proposal for Unclaimed NXT

I suggest we put up a slate of 7 trusted members that the thread discussing this will recommend. Then we put it up for an up or down vote.

If approved, the unclaimed NXT are divided among the trusted 7. They will be obligated to disburse funds that are approved by a marketing committee (3 Million NXT) and a tech committee (5 Million NXT) and an infrastructure committee (1 Million Nxt).

The election to the marketing, tech and infrastructure committees are independent from the decentralization of the unclaimed NXT. This means we can independently figure out who is on the three different committees and as soon as one group is formed, projects can be funded.

The community has already decided on 250,000 NXT per month for Marketing, so the marketing committee task is to figure out how best to allocate that budget.

tech and infrastructure committees have not formed yet, but we don't need to figure out all the details for getting the trusted 7 members in place.
**************

James

? You say I am pathetic and I am writing junk. That is standard troll behavior, sorry to make a mistake about that. I hope you can be civilized.

Did I make a math error? Did I make a false assumption somewhere. What part of what I wrote is junk? I make mistakes and would like to correct anything that is wrong.

NXTcommunityfund in my sig. I am trustee and responsible for allocating funds, rickyjames is the only one who has access to the funds. It was funded by aldrin, Pouncer and neer.g plus mystery donor