Re: MasterCoin: New Protocol Layer Starting From “The Exodus Address”
+1000 Ron for restating your stance on this it is much appreciated, however is this going to be implemented immediately without any resistance? I know JR is on board I am not sure of the others. If not, do we deserve to know the board members that have opposing views to this??
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
No apologies necessary at all. It's a difficult topic with lots of differing views.
There are ongoing discussions in the Dev mailing list on how we can make devs spending more time on the project a reality - have you seen those?
Thanks
vokain You have just heard it from the horse's mouth and yet you still continue to advocate your severely subjective tunnel vision on what you think devs want and what their incentives are..Devs have real life problems; rent, families, bills et.c they need to have a way to deal with these real life responsibilities. Devs want a salary that is going to deal with these problems at the same time they will be further incentivized / motivated by the bounty system, where they can save their mastercoin/bitcoin earnings for the long term. Most of these devs have family responsibilities similar to JR's situation. Also most of the developers who have developed software for mastercoin so far have proved that they are worth their salt. The same cannot be said for new developers and for them the bounty system might be more appropriate.
I don't think a developer is Going to jump out to demand a salary explicitly as this will seem very arrogant and entitled, but it is what they WANT! for full time commitment. This full time commitment is very important to the project speed...You are comparing your situation to the developers and not everyones situation is the same. It is pretty clear cut that mostly everyone supports a salary base for the devs. Its saddening to see such a project be hindered by a few people without the clear objective vision to discern what is the appropriate incentive to keep the projects engine running. This should not be political at all, it should be a no brainer. And I think this is what happens when when you put people without the managerial track record or business organization skills in positions of power like the mastercoin board and be able to determine its future/fate. Just because someone is a great dev doesn't mean that they are going to possess the inclination for good business/managerial skills necessary to make good decisions as a board member to increase efficiency of a project. Like I said before...We are dealing with centralized issues while trying to solve decentralized problems...I think Arguing that we do or don't need salaries is futile and it really should be a NO BRAINER!..Unless of course the reasoning is coming from a subjective point of view.
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
No apologies necessary at all
. It's a difficult topic with lots of differing views.There are ongoing discussions in the Dev mailing list on how we can make devs spending more time on the project a reality - have you seen those?
Thanks
vokain You have just heard it from the horse's mouth and yet you still continue to advocate your severely subjective tunnel vision on what you think devs want and what their incentives are..Devs have real life problems; rent, families, bills et.c they need to have a way to deal with these real life responsibilities. Devs want a salary that is going to deal with these problems at the same time they will be further incentivized / motivated by the bounty system, where they can save their mastercoin/bitcoin earnings for the long term. Most of these devs have family responsibilities similar to JR's situation. Also most of the developers who have developed software for mastercoin so far have proved that they are worth their salt. The same cannot be said for new developers and for them the bounty system might be more appropriate.
I don't think a developer is Going to jump out to demand a salary explicitly as this will seem very arrogant and entitled, but it is what they WANT! for full time commitment. This full time commitment is very important to the project speed...You are comparing your situation to the developers and not everyones situation is the same. It is pretty clear cut that mostly everyone supports a salary base for the devs. Its saddening to see such a project be hindered by a few people without the clear objective vision to discern what is the appropriate incentive to keep the projects engine running. This should not be political at all, it should be a no brainer. And I think this is what happens when when you put people without the managerial track record or business organization skills in positions of power like the mastercoin board and be able to determine its future/fate. Just because someone is a great dev doesn't mean that they are going to possess the inclination for good business/managerial skills necessary to make good decisions as a board member to increase efficiency of a project. Like I said before...We are dealing with centralized issues while trying to solve decentralized problems...I think Arguing that we do or don't need salaries is futile and it really should be a NO BRAINER!..Unless of course the reasoning is coming from a subjective point of view.