Proposal “core-comp-201711“ (Completed)Back

Title:Core Team Compensation
One-time payment: 1130 DASH (632892 USD)
Completed payments: 1 totaling in 1130 DASH (0 month remaining)
Payment start/end: 2017-10-19 / 2017-11-17 (added on 2017-10-23)
Votes: 834 Yes / 29 No / 12 Abstain

Proposal description

This is a cross-post from the Dash Forum

This proposal funds the Dash Core Group's ongoing compensation costs - including all developers, administrative, and support staff - at market rates for base pay, excluding benefits or bonuses.

After five months without a budget request for the Dash Core Group compensation, we have sufficiently drawn down our reserves and require further funding for the core team. The team has expanded to 50 paid team members, and we have plans to further expand this to 56 over the coming two months. The current run-rate, including the anticipated cost of the additional 6 roles is ~$298,280 monthly. This is an average of ~$5,300 / month / contributor.

The breakdown is as follows:
- Marketing / International Outreach - 8 staff
- Development - 23 staff
- Project Management - 4 staff
- Infrastructure - 1 staff - plans to expand to 3
- Support - 2 staff
- Quality Assurance - 1 staff - plans to expand to 3
- Leadership & Admin - 11 staff - plans to expand to 13

If you have any questions, please direct them to @Ryan Taylor in the original Dash Forum post to ensure I see your request. I may be slow to reply until Thursday due to our participation at Money20/20 this week, but will do my best to monitor for any questions.

Requested funding is as follows for the November 3rd budget cycle:
  • 1,125.16 for core team compensation ($298,280 USD @ $265.10 per Dash)
  • 5.00 Dash proposal reimbursement
Total: 1,130.16 Dash

Note: Should any funding remain, we will apply it toward future compensation expenses.

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Discussion: Should we fund this proposal?

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3 points,25 days ago
I hope an internal audit is being performed on the former BizDev communications and projects and following up is going to be done on those projects that were dropped as a result of his disappearance.
3 points,26 days ago
Yes but please hire communications manager!!!!!! Listen to MNOs before its too late.
3 points,29 days ago
What reserves does Core have?
0 points,29 days ago
Keep it up.
4 points,1 month ago
Im also ok with a Christmas bonus for 2017 for the Coreteam voting yes
3 points,1 month ago
Holiday/End of year Bonus?!?! That would be AMAZING!
0 points,29 days ago
Best left to management to determine bonus in a measured fashion and apply for it. Its something I would support if management thought it appropriate.
1 point,1 month ago
Voting yes.
3 points,1 month ago
Easy yes.

I would go so far as to say, I think we should be paying above market rates AND benefits. We want the best Dev Team out there.

And, the sooner you get somebody to handle communications chores, the better off you will be, and the better of the Masternodes will be, and the better off the larger Dash community will be.

It doesn't have to be tomorrow, I get that the team is busy. But set a deadline.
-1 point,1 month ago
Problem with giving benefits in this decentralized world economy is that benefits vary country to country.

A potential solution I see is having a side storage of maybe 50-100 Dash that can be distributed accordingly when events happen like visits to doctors and such. When someone request payment from this fund all the co workers approve of it so there's no one taking advantage of this benefits system. Just like how the Dash DAO works just a much smaller level.
3 points,1 month ago
Please do not separate compensation into base salary plus benefits. Linking health benefits to base compensation is one of the biggest problems with health care in the world today. All kinds of fairness issues come up needlessly. Leave those decisions to the individual.
1 point,1 month ago
I agree, a lot of flaws in adding that in. It was merely just a concept/idea
2 points,1 month ago
Well I won't be putting up a proposal this month it looks like Mizxymax so you don't get to hound me. But to the core team I say GREAT WORK. Felt honored to put up all the proposals I did and be a part of the COOLEST team!
3 points,1 month ago
For someone without a Masternode he comments an awful lot in here, badmouthing proposals her personally dislikes, influencing *real* MNOs with *actual* votes. We really need the MNO badges in here. Badly.
-3 points,1 month ago
I own 1/4 of a masternode. I feel like that's plenty to say I'm invested in Dash and want the best for Dash. The current system just doesn't include me in decision making but it's on the roadmap (;

I make plenty sense if you actually take time and analyze proposals. I find flaws in proposals and give them a solution most of the time. Iv even had proposal owners thanking me for input and changed their proposal. Dare I say I was even quoted into the description of a proposal about what I mentioned. I'm not always negative so there's plenty of proposals I actually do encourage to be voted yes on.

This is cores stage I don't want to talk about me so Il just leave it at this. Idk why my "negative personality" was even brought up. I wasn't negative at all on the comment I made on cores proposal.
3 points,1 month ago
I think reserves should not be drawn down. I would vote to make it 10% higher every month to replenish reserves.
2 points,24 days ago
I disagree. IMO if reserves are not made public and not drawn down, theoretically, Core could operate independently of the wishes of the Treasury voting mechanism. Obviously this is not an immediate concern, however, we should have the ability to vote them out without having a contentious hard fork potentially lasting months or years. Remember, Core salaries are paid in the equivalent DASH/USD. If the value of Dash goes up, they could have funds to potentially lock down control for years. This Stakeholder Consensus Mechanism aka "governance model" is intended to prevent hard forks, not encourage them. I would be fine with Core maintaining a 25% buffer for currency fluctuation. Any more than that and Core could *potentially* become a bad actor like we've seen with Bitcoin Core. I believe we can all agree that nobody wants that kind of drama (and resulting volatility) in a digital cash currency aimed at mainstream adoption.
3 points,1 month ago
I would have likely to seen, an communications manager added. His role would be beter communication between,
Core < > masternode owners and the rest of the community and press
Dash labs <> masternode owners and the rest of the community and press

I am bringing this up because I am reading complaints about it.
Also as full time active investor in lots of different crypto's I have seen the affect's of well time, graphically well displayed, updates. Of all the coins, Stratis does it the best, our little brother PivX is doing a good job as well.

Everytime stratis comes with an update in there slackforum, the price jumps up like clockwork (easy money for me)

I understand the goal in not to pump and dump our coin, but from what I know and have seen, the Dash updates barely even get seen, and when seen people don't understand it.

Personally I was very happy (dare I say almost hyped) to read about Dash evolution, meanwhile other get super pumped about much lesser things, my only conclusion I was able to make, after I confronted multiple people with both the straits updates and the latest dash evolution update, that people simply did not get it. But they did get that cool looking grahp, and short but powerful status updates.

Personally this enough proof that we should to take the same approach in communication.
3 points,1 month ago
I know a lot of other core devs, the truth is Dash is one of the only currencies where the devs care much more about underlying tech than making the dash price rise, this is why I love being in this project. We don't want a half baked PR stunt. If we don't think something is good enough we do revisions and revisions until it is up to unbreakable standards. This might look to the outside world that not much is going on while internally you have many very intelligent minds that are working around the clock. As you said there's a problem in communication about this work. I believe that many feel (like I) that releases are the only strong form of communication, the rest is just empty promises, and that's what (empty promises) many other coins do. We are working very hard towards making these releases stable and resilient to attacks. Look at the mess right now at pivx, they promised something difficult (and unnecessary imho), and released something unstable too early that led to a chain split.
0 points,28 days ago
I agree with you quantumexplorer, that the goal is to deliver a solid, trust-less, functional product that is the best possible version of a crypto as a currency, but can't we have both tech and a fancy but proper communication, these 2 are not exclusive. And I no way, do I mean we should do take a page from PiVX when it comes to development, I would even go so far that their aggressive marketing dictated what the development should work on.

Just to be clear, I am have been a long time owner of dash, the only crypto I never sold. But it frustrates the hell out of me, talking to other crypto-people that they talk about this flashy coin and that flashy coin, and but once I sit down with them and tell them about Dash, and compare them to there flashy coins, they almost always turn around. Having had some experience in marketing and communication as well, I am clearly seeing why many of these time of people are drawn to this other coins instead of dash.

That being said, I confident we will have are communication, and marketing ducks in a row before Dash evolution.