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    ANO Application

    Have @mboender @Alex @Matthias Fortin @Paul B. @Jason Gregoire @Saul Schwartzbach @Miguel Proulx and @Nolan Bauer seen this post? :) You are the ANOs that are yet to give an initial vote. Also I did not forget TFA, I just wrote them directly on their Discord :)
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    Council election 2021-1

    The vote for the Factom council has now concluded. The following three candidates have won seats on the council: General seat: [Open DLT SL] Anton Ilzheev Governance seat: [Emergo Management BV] Wesley Broekhoven Technology seat: [DBGrow Inc] Julian Fletcher-Taylor The council term will...
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    Council election 2021-1

    Reminder: The Q&A period for the council election will close in approximately three hours at 23:59 UTC. Please refrain from asking further questions after that time. Candidates have another 24 hours to finish answering questions or make any final statements, after which time the vote will be...
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    Council election 2021-1

    All, this was announced across Discord and on Reddit on Saturday and tweeted as well. But an omission on my part was to actually create a post on the community forum as well. That is now done. --------------------------------------------------------------------------------------------------...
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    2021-1 Factom Protocol Director Election

    What in Niels’ approach is it you think is not really workable?
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    Council compensation ceiling

    Do we need a ceiling? If a candidate propose a ridiculously high compensation, then that candidate won’t be chosen to sit on the council 🤷‍♂️
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    If the council is purely about providing oversight, wouldn’t it be better to not have mission seats? I think that would give a more wholesome oversight.
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    I don’t wanna derail us too much here as it seems like we are slowly edging towards some consensus - however: If we simply accept the premise that ANOs do not have to provide oversight and do not have to bring usage to the protocol, one has to ask why we do not just fix the total ANO payout to...
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    It is a sudden change that a discussion about the governance structure suddenly has to include a fundamental change of the tokenomics. That we seem to want to do something at some point is entirely your personal interpretation. Like the ANOs? ;) All I’m saying is that maybe it is better to have...
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    This raises some issues. If the council has to play this active role and do strategic partnerships, exchanges and community, how will you keep it from interfering with the director? Why are you suddenly trying to implement a free running money press through the back door? We could have...
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    and that's why I said "and maybe having a leader with 50% support could work to simply get things moving" :) I am not much against the idea, just trying to make some predictions on where it will brings on what we should then do. More or less seems like we agree.
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    Fair enough. So in essence we we would create a clever way to circumvent our governance requirement for a 60% approval. Could work. It does raise one question however: If the "leader" changes in 9 months, can we then expect governance to change fundamentally with that person? I get that we need...
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    Genuine question: How is this much different than voting for a director versus council approach? Apart from skipping the election for a director in case Niels gets elected?
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    Yes, we would have to do that. It was more meant to imply that it would be difficult for a council to get cracking before they meet. We have a director candidate who has already drawn up a plan. A council with three peers with equal mandate might work in consensus 95+% of the time. We would...
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    This discussion ends on Sunday. Would it be timely for someone who can, to do a motion for extension already now?
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    Digressing a bit from director vs council: @Matt Osborne I note that in your proposal it says "The Director will not be able to override decisions made by Committees designated by the Factom Governance". So would the director instance have no say in how the website is maintained? I get that the...
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    Amendment Batched Amendment - Strategy and Resource Director Proposal

    If the 3 council members each have their own area of expertise then what would happen if two members disagree to something that is going on in within the last members area? Should they then sort it out amongst themselves or should the area of expertise bring a stronger mandate? In the first case...
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    Factom Tokenomics Proposal

    A general question: Can the ones who have created the proposal give some insight to why a cap around 20 million was selected? Not so much the exact number, but more why it is not 15, 25, 30 or 60. I guess there must have been some thinking about what kind of development you expect within certain...
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    Factom Tokenomics Proposal

    The relative difference between the models stay the same regardless of the number of servers. So the number of servers do not matter to the example. How long it would take us to get back to a certain number of tokens is not so important. What would be important is if we would have a greater or...
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    Factom Tokenomics Proposal

    In the example I gave above, the token circulation increase by 286,998 - 6,000 = 280,998 tokens after the first 6 months. Then in month 7 and 8 when burns exceeds the monthly mint, the minted number of tokens start to increase, even though the burns in total are less than 280,998. How does that...
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