Quote from: NxtChg.com on February 03, 2014, 02:33:08 PM

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

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

Instead of creating a "rainy day account" we should simply not burn money too quickly and hit the escape velocity where Nxt will appreciate faster than we are spending.

That's why I would much rather see you on a committee, trying to stretch the funds for more than a year, than as a treasurer with no right to vote.

Does this make sense?

Im sensing yet another poll to come: "How long should the NXT fund last?"
3m for marketing in 1 year is not a lot. That's all I got to say. The remaining mill for dev etc. I leave up to developers to weigh in on