Proposal “DCG-COMP-OCT-DEC22“ (Completed)Back

Title:Dash Core Group Compensation October - December
Owner:quantumexplorer
Monthly amount: 2296 DASH (67720 USD)
Completed payments: 3 totaling in 6888 DASH (0 month remaining)
Payment start/end: 2022-09-11 / 2022-12-09 (added on 2022-09-14)
Votes: 623 Yes / 81 No / 13 Abstain

Proposal description

Dash Core Group September 26th Funding Proposals

DCG is submitting 3 funding proposals for the budget cycle that pays out September 26th:
1) DCG Compensation: 2,296 Dash per month (currently in month 1/3)
2) DCG Infrastructure: 459 Dash (currently in month 1/2)
3) DCG Supplemental proposal: TBD on amount.

What does this specific proposal fund?


This proposal funds Dash Core Group's ongoing compensation costs - including all developers, administrative, business development, marketing, and support staff.  This is a multi-month proposal that will cover compensation for October through December.

What is the proposal funding?

As of August 31st, 2022, DCG has 39 paid staff associated with the project. In addition, we have 3 volunteers (including CEO) who have decided to work for no compensation.

Our run-rate for September will be around $220,000. With this current compensation proposal, we are asking for total funding of $102,311 per month. If this proposal passes, we will be consuming roughly $118,000 from our reserve per month. Our compensation reserve as of August 31st stands at slightly less than 7 months of compensation reserve. We built up reserves for the exact situation we find ourselves in today, where our compensation run-rate is higher than our compensation related revenue, due to a decline in the price of Dash. Assuming a price of $44.5 for the balance of the year, we can continue to operate with no changes to our compensation structure and still sit on a 5 month reserve at the end of December 2022.

Why is quantumexplorer and not glennaustin making this proposal?

As announced yesterday, Glenn Austin has decided to resign from his role as Dash Core Group CFO. While we are looking for a replacement Samuel Westrich (quantumexplorer) will be submitting DCG proposals to the network. Other functions that Glenn used to perform are being split between management until a time that that function can be taken over by a new hire.

Why is this proposal being a little late in the cycle?

V18 just activated on the network and lowered the proposal cost to 1 Dash from 5 Dash. It seemed like a good show of confidence to take advantage of this update.

´╗┐If you have any questions, please direct them to @quantumexplorer at dashcentral to ensure we are notified of your request.
Requested funding is as follows for the March through June budget cycles:
  • 2,295.66 Dash for core team compensation per month ($102,311 USD @ $44.58 per Dash)
  • 0.33 Dash / per month proposal reimbursement 
Total: 2,296 Dash per month
Note: Should any funding remain, we will apply it toward future compensation expenses and any related taxes.

Show full description ...

Discussion: Should we fund this proposal?

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3 points,1 year ago
voting no until there is a commitment from DCG that platform will be uncensorable.
Reply
0 points,1 year ago
Dash the cryptocurrency is working great. Better than any other cryptocurrency for the use case as money in fact. Hmmmm, why are we not in the top 10 then? Because in crypto, if you're not growing and innovating.....you are dying. Scroll down just a bit and look at the google search volume for bitcoin vs Web3. https://cointelegraph.com/news/web3-grows-in-online-searches-as-interest-in-bitcoin-declines-google-trends

Fortunately, Evolution Platform should be able to attract a lot of interest AND facilitate the success and promotion of Dash for the use case as actual money.

By the way, I did many many hours of research looking for other alternatives to the 4k and 10k High Performance Masternodes. I talked to a lot of very smart people in the crypto space. I collected several innovative ideas and even invented a couple myself. For better or for worse, _none of them_ were as good as the 4k and/or the 10k HP solutions. Also, there is ongoing research by myself and others. As clearly stated by QE, if improved methods/tweaks/adjustments become available in the future, nobody (including QE) is opposed to future upgrades.

The community will still have every opportunity to study the various options and vote on them. The extensive FAQ regarding the HP MN will be available soon.

just solarguy
Reply
0 points,1 year ago
I think most people here recognize how poorly blunt market cap is. But having said, very little has changed in 9 years, still having to put up with the same shitty index. And you know what, if you go back far enough you will find myself and others were asking for alternative metrics to be established that would compete and take out this blunt tool. It never happened because everyone was so busy defending their bag and so stubborn to work with others - their "competitors" - stuff like that never happened.

The upshot of in-action is to accept the status quo. That is to say, DCG should accept that they are forced to compete on market cap. Of course, we know full well this never happened and will never happen while everyone here insists on no changes unless it comes from the lips of the most senior members of DCG. This is what its like to be ruled by a de facto dictatorship.

Under this dictatorship, there is next to no business development and a marketing team so small and severely constrained of resources. And no, not talking about that unprofessional bunch of riffraff called Dash Marketing Hub. MNOs are in denial, looking the other way than acknowledge the necessary priority needed for bizdev and marketing.

A shame that Marine's wings are clipped, unable to grow any sizeable and meaningful team of professional marketers.

A shame that Chris Hough was hired and left almost immediately. I am guessing he too had his wings clipped.

A shame that DCG is unable to re-instate InstantSend on Kucoin. Imagine, if they struggle to maintain InstantSend on one of the largest exchanges then how the fuck can ANYONE expect that Platform will also be accepted???

If these are the actions and priorities of DCG, then what miracle must we expect on Platform release, that anyone will bat an eyelid and notice?

And some people wonder why dash is valued 437x smaller than bitcoin and on its way back to 500.
Reply
2 points,1 year ago
I wish to express that I am against the "high performance masternodes"

Dash is first and foremost a "Digital CASH" system.

Adding some data to the chain is fine, but this should be simple and not take focus away or complicate the system.

See what Bitcoin Cash has done with Memo.cash - small amount of data used so it works.

Dash patreon: Should not require a lot of storage.
Dash see: Simply host the torrent data, shouldn't require more than something like Memo.cash

(I'm puzzled the BCH community can do something like memo.cash unpaid and with no system complications, while we with a paid team can't do... any apps yet?)

I also agree with others that HPMNs undermine the whole idea of having something decentralized.

I will be voting NO to all core team proposals with my 16 nodes until I hear HPMNs are out.
Reply
0 points,1 year ago
Well... I am not sure what exactly you are against. Evo is a sidechain, so the HPMN solution seems to be what you want: to not extend the chain. What is being proposed is that it is not mandatory, which also seems to be what you want.

The HPMN solution is more decentralized than an opt in solution, this has been verified through math and also by xkcd. Also what you seem to want this.

Smart Cash is extremely centralized and doesn't offer many of the features we will have.
Reply
1 point,1 year ago
1. If it is not part of Dash and the Dash chain then the Dash treasury should not support it.
2. If it is part of Dash, but overly heavy and convoluted it should not be done or supported. If I want self sabotaged garbage I'll go to Bitcoin Core and their segwit/lightening network/liquid sidechain disaster.

I want you to look at Bitcoin Cash and what they have done. The things they have built without overcomplicating their chain what-so-ever.

Feel free to provide us all with more details on what you're planning or doing though.
Reply
1 point,1 year ago
I plan to do stop supporting future DCG Compensation & DCG Infrastructure budget proposals in case of the following :

1 : DCG decision proposals are launched, do not pass the treshold of 10%, but its yes votes are used by DCG to determine a winner anyways, thereby completely ignoring all no votes. I view this as a severe abuse of the Dash Governance system).

Source : https://www.dash.org/forum/threads/should-platform-run-on-all-nodes-or-should-platform-run-only-on-high-performance-nodes.53374/page-15#post-232641

2: DCG decision proposals are launched and either the 4K HPM or the 10K HPM passes (the centralization that this will bring to Dash Platform is a direct violation of the Dash Platform Vision, communicated to the Dash community as recently as Feb-2022).

Source : https://www.dash.org/forum/threads/dash-core-group-q4-2021-quarterly-call-3-february-2022.52664/

Since DCG is initiating this all, it will mean the end of my support for DCG.
Also i already stopped supporting DCG Supplemental budget proposals.
Reply
1 point,1 year ago
This proposal passing with only +45 votes (according Dash Core wallet) is not a good sign. Voting participation among masternode owners has dropped to a seriously low level now. This could pose a serious problem in the future if voting participation keeps declining.
Reply
1 point,1 year ago
More YES votes will come. Certainly I will be voting YES, and with enthusiasm. Passing by any margin is a pretty strong sign. It was designed to be hard to pass. It IS hard to pass.

Sure, more is better, but enthusiasm is pretty hard to come by in the middle of crypto winter.

just solar
Reply
1 point,1 year ago
it is a good sign. The MNOs should not tolerate this sort of weak proposal. Feels like being in a hostage situation.
Reply
-1 point,1 year ago
Then feel free to vote no. You are not a hostage. And the proposal is not weak, it is passing. Please see the above explanation. Let us carry on to victory.

just solar
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1 point,1 year ago
See : https://imgur.com/OBUbqf5
Reply
1 point,1 year ago
Maybe it is due to the late entry of your last three DCG budget proposals, although 14th of september is not that extremely late in my eyes.
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