Instead of negotiating a fixed percentage why not negotiate a fixed USD weekly pay rate.
Let's say the volume-weighted average price of BTS in the past week (in USD/BTS) is P. Let's also say his negotiated weekly salary in USD is S. Then each week he can keep X BTS and send the remaining collected BTS in the past week to the legal delegate, where:
X = max(0, (50 * (number of blocks produced in the last week) - max(0, (29950 - (S/P)))))
Then we just need to argue for a reasonable value for S (say S = 30, for a yearly salary of approximately $1560). This salary can of course be renegotiated in the future.
I like this idea. I'm going to contact Cube so he can play a bigger role. Just so everyone knows, I would be wanting to have at least some kind of multisig for the funds to be released, so he would also be setting that up.
As for the pay rate being higher, I am trying to work on getting the pay rate for the techs to be higher, on average, because I think it is better for DPOS based chains as a whole if techs do not have to run multiple delegates to sustain their operations and pay the bills. Ultimately, I think we should focus on tech delegates only being allowed to run 1 delegate per chain.
Good due diligence is as important as devs and marketing... but perhaps there needs to be something specific to work on. In this environment the context might be defined by legislators. If Cube has an international awareness; experience; and capability to be a major authority voice, then having someone up to speed that can help BitShares contend with complexity could be invaluable.
Remember everything about consensus, is about confidence. Much of the challenge will be where the legal limit lies and communicating that clearly - an authority voice on hand who does deliver would be great. For the right international advice, I would push for 100%; for local to Asia - if he's someone who can also speak + 1 languages then 50% perhaps. Everyone underestimates administrative support but it can make an important contribution in avoiding problems.
That said.. to get the votes..
> I trust him.
is not sufficient.. what are his capabilities and experience.
These are important points and I will let Cube give you the details regarding his competency and skills. I Can, however, say that he has been here in the bitsharestalk forums for quite some time.
As for the legal environment, it is my hope that we will consider the legal delegate at first to help us at least initially pay for some legal "advisors" who do not actually provide legal "advice", but help us interpret current laws in various jurisdictions in a very conservative manner. The reason I say this is because it is going to be very difficult to really hire a lawyer to work full time for any single jurisdiction with the 90-95% pay at current marketcap. This holds true, in fact, at far higher marketcaps.
With that said, it would do a great deal for BitShares' credibility as a crypto standard to be able to help devs, delegates and users navigate the "legalese" as they move forward and in turn should return far more in valuation as a function of the increased level of confidence and credibility. The ROI should be valuable...but ultimately I hope to help protect all of you no matter what jurisdiction you live in.
Thanks for your comments everyone and let us please keep this going. I want to get this delegate up and running before my own because it is quite frankly more important. Your input on how we do it is integral.