Proposal “DCG-SUPPLEMENTAL-JAN23“ (Completed)Back
| Title: | Dash Core Group January Supplemental Funding Proposal |
| Owner: | quantumexplorer |
| One-time payment: | 512 DASH (15402 USD) |
| Completed payments: | 1 totaling in 512 DASH (0 month remaining) |
| Payment start/end: | 2023-01-10 / 2023-02-09 (added on 2023-01-15) |
| Votes: | 690 Yes / 60 No / 8 Abstain |
Proposal description
Dash Core Group January 26th Supplemental Funding Proposal
DCG already submitted 2 funding proposals for the budget cycle that pays out January 26th. This is a supplemental proposal that will fund Dash Core Group with an additional 512 Dash:
1) DCG Compensation: 2,296 Dash per month (currently in month 2/3)
2) DCG Infrastructure: 459 Dash (currently in month 1/2)
3) DCG Compensation Supplemental: 512 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 $50, 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?
Seven 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 around 4 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. In the case that the bear market does not last as long the funds can then be used to increase capacity and get a lot of extra manpower behind future features.
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 January 26th superblock:
DCG already submitted 2 funding proposals for the budget cycle that pays out January 26th. This is a supplemental proposal that will fund Dash Core Group with an additional 512 Dash:
1) DCG Compensation: 2,296 Dash per month (currently in month 2/3)
2) DCG Infrastructure: 459 Dash (currently in month 1/2)
3) DCG Compensation Supplemental: 512 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 $50, 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?
Seven 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 around 4 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. In the case that the bear market does not last as long the funds can then be used to increase capacity and get a lot of extra manpower behind future features.
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 January 26th superblock:
- 511 Dash ($25,550 USD @ $50 per Dash)
- 1 Dash Proposal fee reimbursement
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Discussion: Should we fund this proposal?
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See : https://imgur.com/gBCcUP3
This page shows a table of Masternode collaterals belonging to a OG DASH Super Whale from as far back as October 2014. He linked his awesome fleet of nodes by spending the rewards of all of them to create a new masternode in this transaction. We almost would have missed him, for he does not vote, thankfully we discovered him through routine chain analysis.''
Source : mnowatch.org
Well, he sure votes now.
https://mnowatch.org/bluewhale/
Especially when there are no other proposals seeking funding for the relevant portion of the budget.
DCG already had to lay off workforce, and reserves may get used up.
First we hear from Sam that Dash Platform will be on Mainnet end of 2022 (with Mainnet activation a few months later, due to the hard fork). Then we hear from Sam that Dash Platform will just be feature-complete on Testnet end of 2022 + 2 months additional testing on Testnet. Then we hear nothing concrete anymore from Sam with regards to getting Dash Platform feature-complete on Testnet, just that they can't go any faster. Not being able to meet deadlines or come somewhere near promised date of release is a re-occurring theme with these group of developers.
The only way for MNO's to put pressure on DCG without actually defunding their DCG Compensation budget proposal, are these DCG Supplemental budget proposals.
Personally i would like to have that pressure remain on DCG to get feature-complete on Testnet as fast as possible and discourage any further feature creep.
There's definitely more to be done, including more work on DAO fees. And yes, I agree, we need to get to a point where fresh new talent comes to the DAO and makes it competitive again. None of this is going to happen under Sam's leadership, he's too stubborn and monomaniacal with Platform to the detriment of everything else.
The best builders are those that work themselves out of a job, while DCG is extracting all the dash they can to keep their gravy train running.
We've bastardized the proposal system. Some geniuses were so concerned about too many proposals that they've created solutions that have led to a stagnant ecosystem
With regards to the Dash Marketing Hub : how are people suppose to submit their work there when they are unfamiliar with Dash in the first place ? Or don't know that the Dash Marketing Hub also has a Trello Board for bounties ? (even i did not know that, untill very recent). Or have not kept up with Dash and think Dash is still just a privacy focused altcoin ?
I am pretty sure that will increase voting participation, but perhaps at the expense of voting quality. But at least it will make it easier for budget proposals to pass the treshold of 10%. Not sure Dash is currently in a situation that is needed, but Dash could find itself in that situation in the nearby future.
Another solution would be to lower the 10% treshold, but something tells me that we could be having the same problem again and again, as it does not really address the problem that we are having with our declining voting participation over the years.
2^9.
See : https://imgur.com/a/3KRbA0I
Strange to see them ask for 20 dash for their own budget proposal, when they are backed by a Russian masternode whale who votes with 98 masternodes and collects a huge amount of masternode rewards.
The reality looks little bit different.
I personally do not own any MNs. Dash provides such functionality like vote delegation.
Who are delegators and if they are Russians or Indian or Canadian it is unknown.
If you're going to spend years bringing a project to fruition, you better pace yourself accordingly and not neglect your end users in the process. Get your priorities straight and stop playing high risk games with money that was not yours to begin with.
Trolls are people that make claims - such as no masternode ownership or voting rights - without being able to prove it. The proof of absence is a high bar don't you think? Would proof of masternode(s) legitimize my opinions?