Quote from: Uniqueorn on February 03, 2014, 01:24:45 PM

Quote from: rickyjames on February 03, 2014, 01:21:37 PM

Quote from: NxtChg.com on February 03, 2014, 01:09:37 PM

Quote from: rickyjames on February 03, 2014, 01:00:37 PM

Just want to be a broken record here and say that IMHO a significant proportion of this 9M should be set aside as a rainy day fund that doesn't get spent for say one year. Otherwise I predict it will be all gone in a year. There is certainly no shortage of people here wanting to spend it, less than 90 days after genesis block creation.

There's currently mostly an agreement on 3 stakeholders as treasurers with no rights to vote.

3 funds divided between 3 of them (each is responsible for only one account):

* development = 5 million
* marketing = 3 million
* infrastructure (can also be shared as misc or reserve) = 1 million

Then there will be one or more committees, which will actually decide how to spend these funds.

So let's focus for now on taking money from CfB and splitting between these 3 people, so he won't send it to the genesis.

Then we can focus on committees.

I propose as the only currently established NXT treasurer:

1.The 9M NTX to be split into four funds, with the additional one being a rainy day fund that doesn't get tapped for a period of one year
2. The rainy day fund constitute a minimum of one-quarter of unspent NXT
3. The committee spending the rainy day fund is to be formed in one year from genesis block formation to allow new blood that hasn't even discovered NXT yet a chance to participate
4. That rickyjames be established as treasurer of the rainy day fund

What is with this obsession with having control over NXT past 1 year? NXT is supposed to be decentralized. It is not healthy for NXT branding to have a official committee etc. at all. We HAVE to have it now that we're in beta phase, but it's not supposd to be a lasting thing. Hell even CfB leaves the ship soon. It's time NXT becomes self-sustainable.

Aren't you in charge of 2+ million NXT from private founders already? What are those being spent on?

+1 I agree with you there. Keep things as decentralized as possible.