Proposal “DCG-SUPPLEMENTAL-DEC22“ (Closed)Back
| Title: | Dash Core Group December Supplemental Funding Proposal |
| Owner: | quantumexplorer |
| One-time payment: | 722 DASH (21140 USD) |
| Completed payments: | no payments occurred yet (1 month remaining) |
| Payment start/end: | 2022-12-11 / 2023-01-10 (added on 2022-12-16) |
| Votes: | 438 Yes / 53 No / 38 Abstain |
Proposal description
Dash Core Group December 26th Supplemental Funding Proposal
DCG already submitted 2 funding proposals for the budget cycle that pays out December 26th. This is a supplemental proposal that will fund Dash Core Group with an additional 722 Dash:
1) DCG Compensation: 2,296 Dash per month (currently in month 1/3)
2) DCG Infrastructure: 459 Dash (currently in month 2/2)
3) DCG Compensation Supplemental: 722 Dash (currently in month 1/1)
What does this specific proposal fund?
Assuming DCG’s current compensation proposal passes, with the price of Dash at $45, our funding for compensation will represent a very significant gap from our actual compensation expense. This proposal will look to reduce some of the gap between our compensation revenue and our compensation expense.
Did DCG reduce staff?
Six months ago we reduced our compensated team size by about 15%, lowering our break-even price from ~$120/Dash to ~$103/Dash. It has since lowered to ~$93/Dash due to additional departures and cost cutting measures. Our compensation reserve now sits slightly under 5 months.
Do you plan on more layoffs in the near future?
Dash Core Group is now mostly a technical organization with most of our business development and marketing staff having exited the project. The remaining staff is essential to us functioning at a high level. We have no plans to revisit further reducing our staffing in the next month.
How much of an impact do the supplemental proposals have?
A big impact. The supplemental proposals leave us in a much better state to hold off being forced to cut vital employees as the bear market lasts longer.
Didn’t DCG previously communicate they wouldn’t request over 60% of the total proposal system budget?
Yes. In the past, Ryan Taylor, previously CEO of Dash Core Group, made a commitment to the Dash network that DCG’s monthly ask would never exceed 60% of the total budget. This was stated after there was significant backlash against DCG requesting funding for tax-related expenses in late 2018, which caused competing proposals to be pushed off the funding list. In this cycle, the same situation is not present; no other proposals would be negatively affected by this request for supplemental funds. It therefore seems to be in the best interest of the project to remove the self-imposed 60% limit, as not doing so would effectively hurt us by having to let go of people that are providing value to the project.
Samuel Westrich (Quantum Explorer) had reached out to the Dash Trust Protectors four months ago and asked whether they would support DCG making a proposal for the rest of the available treasury this month. All responses from the Trust Protectors had come back with support for the supplemental proposal. Given this indication of support, we decided to move forward and have masternode owners vote on these supplemental proposals every month for unused treasury funds.We will continue making such supplemental proposals in the case of unused treasury funds - waiting around one week before the end of each cycle to leave time for other submissions.
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 December 26th superblock:
DCG already submitted 2 funding proposals for the budget cycle that pays out December 26th. This is a supplemental proposal that will fund Dash Core Group with an additional 722 Dash:
1) DCG Compensation: 2,296 Dash per month (currently in month 1/3)
2) DCG Infrastructure: 459 Dash (currently in month 2/2)
3) DCG Compensation Supplemental: 722 Dash (currently in month 1/1)
What does this specific proposal fund?
Assuming DCG’s current compensation proposal passes, with the price of Dash at $45, our funding for compensation will represent a very significant gap from our actual compensation expense. This proposal will look to reduce some of the gap between our compensation revenue and our compensation expense.
Did DCG reduce staff?
Six months ago we reduced our compensated team size by about 15%, lowering our break-even price from ~$120/Dash to ~$103/Dash. It has since lowered to ~$93/Dash due to additional departures and cost cutting measures. Our compensation reserve now sits slightly under 5 months.
Do you plan on more layoffs in the near future?
Dash Core Group is now mostly a technical organization with most of our business development and marketing staff having exited the project. The remaining staff is essential to us functioning at a high level. We have no plans to revisit further reducing our staffing in the next month.
How much of an impact do the supplemental proposals have?
A big impact. The supplemental proposals leave us in a much better state to hold off being forced to cut vital employees as the bear market lasts longer.
Didn’t DCG previously communicate they wouldn’t request over 60% of the total proposal system budget?
Yes. In the past, Ryan Taylor, previously CEO of Dash Core Group, made a commitment to the Dash network that DCG’s monthly ask would never exceed 60% of the total budget. This was stated after there was significant backlash against DCG requesting funding for tax-related expenses in late 2018, which caused competing proposals to be pushed off the funding list. In this cycle, the same situation is not present; no other proposals would be negatively affected by this request for supplemental funds. It therefore seems to be in the best interest of the project to remove the self-imposed 60% limit, as not doing so would effectively hurt us by having to let go of people that are providing value to the project.
Samuel Westrich (Quantum Explorer) had reached out to the Dash Trust Protectors four months ago and asked whether they would support DCG making a proposal for the rest of the available treasury this month. All responses from the Trust Protectors had come back with support for the supplemental proposal. Given this indication of support, we decided to move forward and have masternode owners vote on these supplemental proposals every month for unused treasury funds.We will continue making such supplemental proposals in the case of unused treasury funds - waiting around one week before the end of each cycle to leave time for other submissions.
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 December 26th superblock:
- 721 Dash ($32,445 USD @ $45 per Dash)
- 1 Dash Proposal fee reimbursement
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Discussion: Should we fund this proposal?
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A lot of things went just slightly wrong here that culminated in this proposal not passing. (It ending in the middle of the night the week of Xmas - being posted 6 days before the cycle end - big voting early on in the cycle - some people being unhappy/annoyed with DCG delivery speed). We are not going to read too much into it.
These supplemental proposals are just here to extend our reserves as much as possible in the event of a long bear market. With our reserves dwindling we are further than the half way point on using up those reserves.
The way we all together succeed is not by DCG doing slightly more to make these proposals pass. The way we succeed is by staying on mission, continuing to innovate, retaking the title of the most innovative crypto project and delivering value to our users that can not be found elsewhere.
2023 is looking up to becoming the most interesting year for this project since 2017 and I'm very happy that we are going to share it together. Merry Xmas and happy holidays to all! - QE
For every dash you take, you deny others the opportunity. OTOH, if there are no significant proposals coming in except your own... might as well drop the smoke and mirrors and claim the whole 10% reward as your own.
Thanks once again for all the hardwork you and DCG have provided, and for this bit of hoilday cheer. Enjoy the break (I hope you're taking one)!
"All DCG board members must disclose personal dash masternode holdings"
https://www.dash.org/forum/threads/pre-proposal-all-dcg-board-members-must-disclose-peronal-dash-masternode-holdings.53454/
given the historically low voting adherence and the lameass voter behavior in general.
Of course, that's not what happened, but DCG was criticized for it anyway. And since QE has made heroic efforts to produce a better and more informed relationship with the MN community, he agreed to submit future supplemental proposals later in the cycle. Given the history, that only makes sense.
You can't have it both ways, and I'm sure QE feels like no matter what he does, he still gets criticized for it.
Ok ladies and gentlemen, let's get this thing pushed over the top so Sam can stop worrying about it. We got work to do. I am voting yes, and with enthusiasm.
Solarguy, MNO, TP, OD, CCABW (Chief Cook And Bottle Washer)
voting yes, solarguy
You are making it sound like I have the audacity to try to keep development of the project ongoing with minimal setbacks.
So I ask you this. What do you think will happen if we are forced to lay off a third to half of the devs in the entire Dash project? Especially when they are good devs?
We are underfunded compared to our costs.
We are smaller than most other dev teams.
Our devs make less than most projects in the crypto space.
I am probably one of the least paid CTOs of any top 100 project as well.
Many including me are doing this out of passion. But there's a reality, most of our devs have families to support and that means they need compensation for their work. If we don't get enough money into DCG we will be forced by basically running out of money to let a size-able amount of people go.
As for requesting 2.8 Dash above the available budget. We are taking into account that current proposals with 0 to negative 400 absolute votes are not going to pass. I think that that's a pretty fair assumption.
We aren't laying anyone else off, because everyone is very important and working their ass off. How do you have a successful project if you lay off the good people?
When you say this is a steep ask did you look at other big projects and see what they are spending? Or is it just that you want us to do more with 5x less?
We now have less than 5 months of runway, because we have the supplementals. If we had never made them we would have around 4 months.
Reality is that if more than a few people were to be let go it would have devastating effects on our ability to deliver.
Now the story changed during the last Dash Platform Product Update that Dash Platform will only be feature complete (codewise) on Testnet end of this year, but that Dash Platform still needs 2 more months of testing on Testnet.
If you already knew you wanted to reserve two additional months for testing Dash Platform on Testnet, then why constantly say to those Dash community members that Dash Platform will indeed be ready for launch on Dash Mainnet end of this year ? (to be fully activated some time later due to the hard fork)
The way i see it, the latest Dash Platform Product Update only confirmed just another delay of two months. Not all that unexpected, and not all that new to us either.
I think these kind of DCG supplemental budget requests (which so far have all been granted), does nothing to DCG ability to launch Dash Platform on time. They have not so far....
But more importantly, your reasoning is BACKWARDS, likely as a deliberate attack against the DAO, as tricking people using illogical arguments means that the result of them falling for your trickery is their fault and not yours. This is useful as a guilt-free weapon, but it also exposes the motivations of the one who uses such a technique as it has no other purpose than being a weapon.
If the price is low, and Platform is "delayed" as you say, then all the more reason to make sure that DCG is fully funded! We trust our core team, this is their determination of need and it is OUR JOB to respond affirmatively in the abscence of incompetence or fraud. NOTHING THAT YOU'RE SAYING IS LOGICAL OR MAKES SENSE except on the very surface (again, deflection shield so you can pretend to be sincere).
solar
Solarguy, still voting yes, and with enthusiasm. Let's git-er-done finally.
What a stupid thing to say. How can you call my comment nonsense when this garbage is the next thing out of your mouth? DCG IS THE CORE TEAM OF THE COIN YOU IDIOT! If we don't pay them they'll go elsewhere. I've remained silent for a while now just to show others what the goal of you and those like you who post FUD all the time is.
We can see that our ecosystem is smaller, has fewer participants and less adoption than in the past. While, just as I alleged, you and others like you continue to use deflection-shield-FUDing. Which is a tactic where you hide behind deflection shields like "Its for the budget! They're being greedy!" etc. to justify WHY YOU'RE DESTROYING OUR COMMUNITIES AND ADOPTION WITH LIES.
You have provided large amounts of evidence that you have negative motives towards the network and attack our DAOs out of conflict of interest. Which means you should be branded as an enemy of the DAO and stripped of your position.
Are we still paying the expensive rent for the Phoenix offices, and who is using the rooms right now?
We have not been paying for Phoenix office space for years and I'm pretty sure that that was it's own proposal (or at least it wasn't coming for compensation proposal).
Our work force is completely remote and quite spread out around the world. We use various tools and routine calls to keep in constant contact.
From watching the sprints/platform updates, I can easily compare to the best practices I know from my time as software engineer and see that you and your team are exercising and utilizing the industry best practices that make modern development work.
I am constantly looking for trolls, infiltrators, flaws in the project, flaws in the rationales behind why we do what we do (whether its long term with platform, or how we vote on proposals), and while I often have left the technical side of this to those more technically inclined in this field of expertise (I'm not involved in cryptocurrencies, cryptography, or these areas of computer science), I do still compare what I know from the industry to what I'm seeing here at Dash (and other coins like BCH, Nano, Decred and the like). Both for the Core Team and incubator. *Spoiler Alert (and please do verify this for yourselves, I implore you)* Dash is the best.
And so I can say wholeheartedly that under both your and Ryan Taylor's watches, I have always been pleased with the technical acumen and direction of this project and truly appreciate being a part of this historic event (taking the crown as best cryptocurrency).
Thank you once again for your service, both quantumexplorer and DCG staff! Happy Holidays to you all!