Quote from: dacoinminster on December 06, 2013, 10:45:34 PM

Quote from: bitexch on December 06, 2013, 10:39:13 PM

Quote from: dacoinminster on December 06, 2013, 10:30:16 PM

Regarding hiring without consulting the community, there is a reason that companies hire a CEO to make all the decisions, rather than having all stakeholders weigh in on every hire. We are giving Ron room as Executive Director to do his job, and even if he makes mistakes on the way (and he undoubtedly will) I vastly prefer that to decision-by-committee.

You are actively ignoring the spending rules that the board imposed on itself: "The Executive Director has been authorized to spend $10,000 USD in project funds on a rolling basis". Though I suppose you could construe "rolling basis" in order to justify excessive unauthorized expenditures.

It is not really a matter of what *you* prefer; you are one investor, and if the rules for spending are going to be broken the community ought to be informed of it.

Lastly, since Ron was not elected by the community as Executive Director, giving him such free-reign is absurd.

Ron is following the rules we all agreed on.

You're just begging the question. Each MSC employee gets paid 6k and 50MSC per month; at the current valuation that's over 10k per employee per month, and Ron is permitted to spend 10k without authorization "on a rolling basis"....

EDIT: You spoke of multiple hires in your post, so even if you were to chalk up the 50 MSC to stock options or something, by hiring at least 2 people, Ron is overstepping his authority.

Quote from: dacoinminster on December 06, 2013, 10:45:34 PM

If you don't like how Ron is running things, you are free to vote for someone else to run things once we've implemented proof-of-stake voting. Right now the biggest holders of MSC are on the board, so board votes are a pretty good proxy for proof-of-stake voting in the meantime.

This is rather blatant proof that proof-of-stake voting will not calm people's concerns regarding Mastercoin's centralization...