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General Discussion / Re: Yunbi started voting against all workers except refund/burn workers
« on: March 30, 2016, 04:57:48 am »ok, let me clear my point.
If price and popularity is the standard to judge Bitshares success or not, the answer is obvious.
Does someone think about the severe problem? Why people left? BM keep diluting our shares, that is I heard from most people.
below is my opinion to attract people into our community.
1. lower the worker salary
[BSIP10] Percentage-based transfer fee solution based on CER
see this, 3 million for a function, that is too much for me ,for most ChinaShares. I don't know how you think?
2. set a reward fund
like the wroker mechanism, but money come from shareholder who voluntary to give.
3. remove any worker
free developer maybe come. because if they don't contribute for Bitshares, they holded bts will become nothing.
If they work for it for Free. Maybe one day, they will get paid more than they ever paid Worker salary.
that is the motive.
That definitely makes sense, but traditionally such workers are awarded shares in lieu of salary for their work. It is very common for startups to pay workers shares instead of salary since funds are limited, and those that succeed do become rich. Those startups that fail, the workers end up having worked for nothing. They are taking the same risk as early investors and should be compensated for it. But, indeed, there is commonlly a vesting period before they can claim shares and sell them. That would end downward pressure on the market cap.
So to take what you said here and apply it to what @laow thinks would be a good idea would be basically something along the lines of using one of the following:
1. A BTS fund from donors for development that will give workers shares in lieu of payment for a vesting period of say.. a year?
2. Us the Worker proposal with payment being done in vesting period of 1 year instead of immediate.
My take on these things.
1. If such a fund were possible it would have happened by now. This is along the lines of my position that if there are free workers out there that will do work in bitshares for free they would have done it by now and would have stopped any Worker proposal from happening.
2. I think this might be reasonable if we want to have part time work done and not full time. Obviously people need to eat.
Sooooooooo why not both?
Lets see this 'worker fund from donors' come into existence that is designed specifically to pay for workers 'today' with the promise of them being able to get their investment back 1 year from now. No interest. It is predicated on their shares going up.
The worker doing the work should have a % of their pay be held in vesting just as well so they have an upside to BTS going up also.
It's going to be different from one worker to another. Some are going to be short term while others are ongoing.
The downside to this would be the fund requiring administration.
@laow Would this kind of situation be something that would get anti-dilution voting for workers? Would this fund be something they would be willing to create?
In the end, this would mean workers can work full time on the blockchain, and there would be no more dilution because the only BTS out there is what is already in circulation for at least a year. By then it 'should' be up right?
I am just throwing out ideas.. I don't know what other downsides there might be without putting more thought into it. Like to hear from others first to see if its worth considering.