Quote from: Bankrunner on July 28, 2017, 12:40:49 PM

Quote from: DiCE1904 on July 28, 2017, 12:02:43 AM

Quote from: parat8t9 on July 27, 2017, 03:38:04 PM

1% to devs out of staking sounds fair. Would a hard fork be risky considering there is no mining going on, only minting? How does it impact current exchanges?

The issue with that is if a dev leaves, team changes, or the person in control of getting the 1% gets hit by a bus

I am NOT proposing nor would I support a direct 1% flow go automatically to the devs. The 1% would go to a treasury fund, Proposals would be made to that treasury with a spam fee, maybe 1-2 cloak. All wallets staking 1 coin or more would get to vote whether that project is funded or not, Each staked coin would garner the holder 1 vote to cast on each proposal. Projects would need to get a %, maybe 50%, more yes votes than no's to be approved. The Dev Team would have to submit their proposal & budget to the treasury and the staking wallets would vote to fund them. Just like in Dash, the core dev team can have their funding cut off and sent to a new team if they don't preform. In the beginning, the Devs would probably request most of the 1% or 50,000 coins created as their value is only worth $250K but as the coin increases in value the core team will require less and less coins to receive the same dollar amount so that other proposals can be funded like a promotional video series or wrapping an airplane in logos.

check out this link to see more details as how Dash's treasury works https://www.dashtreasury.org/faq-treasury.html

The thing that makes Dash so appealing is the decentralized governance in that, participants in the network get a say in how the treasury funds are spent and therefore can steer the direction of the project. This creates an active and enthusiastic community. The turn off is the huge barrier to entry of 1000 Dash or $200,000. Cloak could offer the privacy, speed, and governance people are looking for, where many more people could participate due to a significantly lower barrier to entry.

If this initiative is adopted I think it best to be coded into the wallet before the open source release IMO
Investors must be patient.

I totally agree with what you say.

Governance is an asset for community and development.

People feel integrated into the project and decisions.