Quote from: bitcoinpaul on February 20, 2014, 05:27:35 AM

Quote from: rickyjames on February 20, 2014, 04:07:39 AM

I want to make one more point here as an official NXT treasurer. Those NXT fund spreadsheets in my sig currently document THREE QUARTERS OF A MILLION DOLLARS of assets. This is with the NXT price apparently still being held down by a whale doing a slow selloff of his funds, with NXT still on the launchpad instead of blasting off for da moon. In a matter of weeks or a few months we could literally be in control of MILLIONS OF DOLLARS WORTH OF NXT. This is a HUGE HUGE HUGE responsibility. Disbursing these assets is not like peeling off a five out of your wallet at McDonalds. There has got to be a CHAIN OF COMMAND. The treasurer has got to receive clear, unambiguous, and documented authorization to disburse from a SPECIFIC DESIGNATED SPENDING AUTHORITY that everybody acknowledges.

It's not as big a deal as making sure you've got Presidential authorization to turn that key in a nuke sub....but I'm treating it that way. Would you rather have a treasurer who didn't?

+100

+100

This is very very very important, we need to keep a firm hold on the spending of these funds.

Ricky is right this is one (BUT IMPORTANT) process that most be centralized...preferably in very strong hands.