Quote from: Eatbatterys on January 29, 2018, 08:46:17 PM

Quote from: bitChipper on January 29, 2018, 07:55:08 PM

Quote from: BWK-Frogman on January 28, 2018, 08:30:38 PM

Quote from: bitChipper on January 28, 2018, 08:07:10 PM

Batterys can you tell me your view on DAO's and how you think they will apply to Bulwark?

Hey bitChipper - thanks for the question. I think it's good and is probably something that we haven't done a good enough job addressing.

At it's heart, Bulwark's governance model is a decentralized autonomous organization (DAO) that is governed by the Coin Fund starting on Year 2. This DAO will be able to vote on how the Super Block (equal to 10% of block rewards for the period) is distributed. We want to make participation in the DAO governance model as easy as possible for our userbase and plan to address this challenge as we get closer to the start of the coin fund.

Bulwark's DAO will be directed by parties able to submit proposals, pay the submission fee, and garner the support necessary to have their initiatives approved. As with any decentralized system, an engaged user base is extremely important.

What are your thoughts on DAOs? Do you have any suggestions for how we can facilitate a high level of engagement to avoid the challenges that other DAO-funded projects face?

Well DAOs to me are one of the more interesting things about crypto, I think that if a coins community has a strong
DAO then not only can the community bring more exposure to the project/coin but also maybe make a difference in crypto and
even the world.

I really cant say i have any ideas to facilitate engagement, but this would be my first experience in a DAO project. I
will need to do more research on DASH and their DAO to get a better idea for how it has gone because from my perspective
if you own a masternode why would you not engage in the governance? Do some people not?

Besides Dash's history where can i learn a lot more about how these proposals work and what kind of stuff people propose?

Thanks Frogman

Dash and Pivx would be good places to look to see this system in action.

We've detailed the entire process from start to finish in our whitepaper. Basically somebody would create a proposal, pay a small fee to get it listed, then go out and market their idea to the community in an effort to garner votes for their proposal. If they receive a certain number of votes over other proposals, they are awarded the budget's super block at the end of the month and then the process starts over again. It essentially saves up a chunk of coin for the community to directly decide how it should be spent, whether that be dev salaries, filling up the marketing fund coffers for additional giveaways, exchange listings, etc..., or on somebody's idea for an open source addition to the Bulwark platform that they want funding to be able to develop.

I will look more into how Dash and PivX are running, and also what kind of proposals are being supported.

I do remember seeing a picture on twitter of a DASH tour bus pulling up to the recent conference in Miami, it just made me
think of how much potential a DAO can have if the coin does well and the funds for the governance are allocated wisely.

Thanks for all your info, ill be around