search

RichardRed0x / crypto-governance-research

MIT License
7 stars 5 forks source link

Grin #6

Open xaur opened 5 years ago

xaur commented 5 years ago

While briefly reading for the Journal I noticed a few interesting aspects of Grin:

1) people request funding on individual basis, with transparent amounts and open discussion https://www.grin-forum.org/t/request-for-funding-lehnberg/4715 2) decisions are made on governance meetings (I guess mostly chat?) with meeting notes posted on github https://github.com/mimblewimble/grin-pm/tree/master/notes 3) decisions are reported in a public decision log https://github.com/mimblewimble/grin-pm/blob/master/decision_log.md 4) financials are also reported https://github.com/mimblewimble/grin-pm/tree/master/financials

Also interesting is Grin's research on foundations https://github.com/mimblewimble/docs/wiki/Regarding-Foundations

I love how these guys make effort to post everything on github.

s-ben commented 5 years ago

Interesting...Saw this CoinDesk article on them hiring a 3rd full-time dev. I wonder how the decision-making will scale with the project (assuming it does). From the article:

“There’s no [official] roles. We just continue to work on what we see fit, which so far seems to be working okay.” - Yeastplume , 1st full-time paid developer

The "roughy $10k/mo USD shows up as $25k for 3 months in their spending report. Presumably they do some kind of averaging when paying out in Grin.

xaur commented 5 years ago

Yep an the comment column (scroll to the right) says "not enough grins for full 30k payment so rest to be completed when possible".

s-ben commented 5 years ago

$8.3k/mo still ain't bad...I wonder how much they're getting from Poloniex transaction fees. Seems to be their only source of funding outside donations (which I don't think is viable long-term unless you count VC money funding your devs as "donations").

xaur commented 5 years ago

First donation was 1.3 BTC. I think donations is a viable but unpredictable and unstable source. It may work if humans are properly organized and understand the importance of funding the chair they are sitting on.

s-ben commented 5 years ago

and understand the importance of funding the chair they are sitting on.

Ha! Saw this recently researching tip bots. Recurring micropayments in the XRP tip bot (a huge growth engine for them). Interesting idea. Depressing, as it's just more digital meth for the XRP Army. But interesting.