Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ħ [HODL] Blockchain Pays You Interest. 0.33% Every Day
by
FreeTrade
on 22/07/2016, 05:28:38 UTC
We have a problem, HOdlcoin is running out of resources.

By that, I mean the amount of time, money, development and network services that people are willing to volunteer and donate to the HOdlcoin project. While users have been very generous so far, there is a limit that is reached and I think we are up against it. This curtails future development, promotion and network growth.

I want to start a discussion on a proposal to address this. I want to allow two weeks for discussion before formulating a Nutocracy motion. I expect this to be controversial and for robust argument to take place, and modifications to be made, but hopefully, by the end of it, we'll have found a motion that has wide support among HOdlers.

So without further ado, here it is.

Proposal: Create a budget to be used for promotion, development, network services.
How: Hard fork required to mine additional 50HODL (unhodled) to budget address if block number is divisible by 20.
Who: I will volunteer to administer fund. To avoid conflict of interest, I won't pay myself for any work, my contributions will continue to be voluntary.
Limits: Fund administrator to have discretionary spending, but should accept direction from Nutocracy motions to spend/not spend.

I'm hoping this will put HOdlcoin on a firm footing to pay for network services (nodes, block explorers, faucets etc), promotion (advertising, articles, twitter campaigns), development. It should also give HOdlers more power as they can vote for things that require a budget.