Post
Topic
Board Service Announcements (Altcoins)
Re: Byteball's Marketing Fund. Make your contribution to the development of Byteball
by
LoyceV
on 17/01/2018, 09:09:00 UTC
At the moment, LoyceV agreed to keep the fund's money. I see no objection to appointing LoyceV to this post. Therefore, we decided to appoint him. Now we only need to discuss the remaining questions. For our part, we are ready to give him 1% out of 5% of the fund's money for his working, that consisting in checking the expediency of spending. This value can be increased up to 2%, depending on his participation in the project.  You can find more details about spending 5% of the funds in the topic header.
I think you misunderstood me:
I suggest a 2 out of 4 multisig escrow, for instance
I don't want to be the sole fund keeper. The reasons to use a 2 out of 4 multisig are:
1. No single person has access to the funds on his own
2. No single person can lose the funds by getting his wallet compromised or losing access to his wallet completely

With only one fund keeper, both points are at risk.