Thank you for your response,
Mine was not an observation about the historical position of Factom but more of a concern about the future proposal whereby a majority of the 150m tokens in the Upgrade Activation Block go to upgrade participants. On reflection given that there will be a...
Like @WB I too strongly recommend this proposal for the reasons outlined in the previous thread.
I think there are a few primary considerations, none of which are deal breakers but are things we should work through:
Allocation & distribution of tokens.
Initial validator selection
Firstly thank you for the initiative. Getting Factom more involved in DeFi seems a good move to me. I would like to reflect on your proposal and certainly would like to hear others views. Just a few quick questions for now:
What do you think the opportunity cost of committing 27% of...
Thanks for your reply. You are right to be cautious and I wish you all the best with launching and sustaining your company.
Maybe the best thing is to update your application with the latest information.
Hi Matt and welcome,
I think it is great that your focus is on usage. I wish you all the best with aggressively driving usage, it is exactly what we need.
Just a quick question from me. There are a few inconsistencies in your application above, such as "
"How will the team administer the...
Thank you for this. It is important to us and really appreciated.
You are absolutely right that we do need all of our ANOs. We cannot afford to disenfranchise any entity that will contribute to Factom.
I've worked alongside Wesley during the difficult transition from a guide-supported community. We covered a lot of ground and met a number of challenges. Throughout Wesley was clearly focused and incisive, underpinning this with sheer hard work to get things done. To have reached this important...
Thank you for this. Whilst it would have been great to get more of this done some time ago, because it is is very overdue, I think that you are correct that the time is right now to actually be able to do something. It has taken a while for us to realize the importance of clear...
Thank you for applying for the position of Factom's first Director. It will take an individual with broad capabilities to fill this role properly and you make a good case. However this is not the first opportunity to do the things that you describe. Other than the "too many cooks in...
Just a quick question. If we do not put a ceiling on this what checks & balances will there be to ensure nobody unscrupulous collaborates to authorize a ridiculously high amount? An amount we simply could not afford and which would damage the reputation of the protocol.
The answer to this may...
It is tempting not to have a ceiling. Then of course every case would be evaluated on its merits.
Should there be a ceiling it may be appropriate for it to be in Fiat (say USD) so that there can be some equivalence to "real world" positions.
As for low base plus high(er) bonus that makes sense...