Quote from: BBoBB on July 22, 2016, 07:44:25 AM

Quote from: FreeTrade on July 22, 2016, 05:28:38 AM

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.

my first reaction ..
if that's going to fly as a principle idea
1- drop the /20 ... no need to complicate trace-ability and create more questions than answers on who got what
2- the additional PoWT (Proof of Work Tax) should be significantly smaller than the SPoW (Standard PoW) and easy to spot within transactions lists i.e 6.9, 12.5
3- out of Nutocracy ... it also must be force-Hodled for a proportional time to SPoW (50@1Y Hodle, 6.9@1.7Month Hodle)
which should be simple to decide on as resources should be planned in advance.. inclusive of some "contingency"

While a it... same hard-fork can be used to drop the SPoW Hodle all together or shrink it while maintaining the PoWT with fractional proportions above

My 2.5 Cents
Cheers

1+2. This is technical point - 1 in 20 would create less blockchain bloat, or every block would be easier to understand - it would be 2.5 in each block
3. HOdling those funds might seem fairer, but the point of the budget is to spend it on things that are needed now

Yes, if we were going with another hard fork, it would be best to get in any other changes needed at the same time. What problem do you thinking getting rid of the PoW HOdl would solve? I think that would just bring the strip miners back.