Re: MasterCoin: New Protocol Layer Starting From “The Exodus Address”
Posting from my phone, real quickly all, I'd like to point out the current devs have already earned a substantial amount of money...likely enough to live off for at least a few months/years/decades... They do not need the extra advantage, and it is up to them how much time they wish to allocate between the rest of their lives and Mastercoin considering the future reward. I do not support an ongoing salary for them until some sort of objectives are laid out for such a salary that cannot be better accomplished via bounties.
Happy Thanksgiving!
Edit: board members include
Antony Vo (me)
JR
Ron Gross
David Johnston
Brock Pierce
Sam Yilmaz
Jonathan Yantis
Happy Thanksgiving!
Edit: board members include
Antony Vo (me)
JR
Ron Gross
David Johnston
Brock Pierce
Sam Yilmaz
Jonathan Yantis
With the utmost of respect, I'm not aware of any developer who has earned enough to live off.
Full disclosure, I have made $6,000 fiat (from the contest, I converted BTC to dollars immediately - I'm conservative!). That's well under a months salary.
My hours contributed are probably a few hundred by now.
I also have 375 MSC rewarded, which if I cashed out would be worth quite a lot I believe at current rates? But unless I cash them out I can't use them to pay my bills & can only guess at their future value.
Not trying to be flippant but the assertion that us developers are wealthy enough already to quit full time work just isn't true.
Thanks!
My apologies zathras, thank you for your valuable input, you have no idea know how much it is needed with these conversations! I guess I didn't consider that others did not see Bitcoin as a savings account like I do (I pull money from my coins as necessary for expenses and spending and don't worry about the price. Doing this has served me very well, and I do recommend it, though of course, I'm not a professional financial advisor. I believe this will be the majority tendency in the future).
To you, as a veteran of the process thus far, does upping the bounty size work better or worse than having a preconfirmed salary in terms of motivation and results? Not only to the person with the salary but to those without as well, the whole system.
What would you like to see