31
Stakeholder Proposals / Re: [Worker Proposal] BitAsset PhD Research project - University of Colorado
« on: June 24, 2019, 03:16:35 pm »
Thanks for your reply, BTSMoon. Let me offer a few answers to your concerns.
I agree; to combat this, you need generalizable solutions. The project's goal is to create a framework which allows us to study BitAsset design comprehensively so that we can have plans in place to deal with changing market conditions. I'm curious -- what do you recommend instead of making contingency plans?
First, as the proposal mentions, the money doesn't come to me; it comes to my University. The University of Colorado has many safeguards in place to prevent me from running away with the money. That is, it's literally not possible for me to just wait till the worker expires and then disappear with the money.
Second, I technically could take the money and then leave it in an account and not spend it. But that would be a stupid thing for me to do, because this is all happening in public: I'm not anonymous (as a professor, I'm quite the opposite), and I have my entire future career to spoil if I mis-spend this money. If I take your money and then don't produce anything meaningful, that would make it extremely difficult for me to ever do it again.
I can't do good research unless I can find good funding sources; if I waste a source's money, that will severely hurt my ability to convince other funding sources to fund more good research.
The work is measured in time, but the worker provides the money all at the beginning. At current market prices, the $160,000 budget could be released in as little as 2 months; the project will continue for 2 years after this with no further funding. I know this is unusual for a worker proposal, but it's not possible to attach the PhD student to the project unless I have the ability to make a long-term funding commitment to him.
Let me ease your mind: I have been active on the BitShares blockchain(s) literally since day 1. Consider these points:
Think of this in amortized terms: $160,000 over two years is $6666 per month, less than half the daily worker budget at today's prices. Essentially, the proposal is asking for less than a 60th of the BitShares budget to support a full-time student and 2 months per year of my time to study low-volatility assets exclusively.
I appreciate your effort to conduct BitAsset PhD Research project but I disagree Bitshares need to funds the PhD student at the University of Colorado for 2 years.
Why I Disagree this worker proposal:
1. Cryptocurrency world change by day, not by year. What work today, may not working after 1 year.
I agree; to combat this, you need generalizable solutions. The project's goal is to create a framework which allows us to study BitAsset design comprehensively so that we can have plans in place to deal with changing market conditions. I'm curious -- what do you recommend instead of making contingency plans?
Quote
2. This worker proposal measured by time rather than work which mean just need to wait time pass to get $$$.
First, as the proposal mentions, the money doesn't come to me; it comes to my University. The University of Colorado has many safeguards in place to prevent me from running away with the money. That is, it's literally not possible for me to just wait till the worker expires and then disappear with the money.
Second, I technically could take the money and then leave it in an account and not spend it. But that would be a stupid thing for me to do, because this is all happening in public: I'm not anonymous (as a professor, I'm quite the opposite), and I have my entire future career to spoil if I mis-spend this money. If I take your money and then don't produce anything meaningful, that would make it extremely difficult for me to ever do it again.
I can't do good research unless I can find good funding sources; if I waste a source's money, that will severely hurt my ability to convince other funding sources to fund more good research.
Quote
3. Workers proposal for such long period may voted out half way due to high competition. In that case, what happen to this worker proposal? Most likely is "We can't continue because no more $$$" and Bitshares get nothing at the end.
The work is measured in time, but the worker provides the money all at the beginning. At current market prices, the $160,000 budget could be released in as little as 2 months; the project will continue for 2 years after this with no further funding. I know this is unusual for a worker proposal, but it's not possible to attach the PhD student to the project unless I have the ability to make a long-term funding commitment to him.
Quote
4. Your BTS accounts biophil and browns never create any BitAsset, not even buying and selling BitAsset. Basically you are good in talking but not in action and only know BitAsset others people words. I don't foresee you can help us to solve problem. What I foresee is just academic talk.
Let me ease your mind: I have been active on the BitShares blockchain(s) literally since day 1. Consider these points:
- biophil is account number 1361; this means I founded it on the BitShares X chain (prior to the launch of the current BitShares chain), before abit (12376), baozi (2204), fav (21106), cass (5178), etc.
- "biophil" is not my main account. Take a look at account zebulon: http://cryptofresh.com/u/zebulon. To prove that I control zebulon, this morning I added biophil as one of the active permissions. Zebulon is a lifetime member account; I upgraded to a lifetime membership in block 8886: https://bitshares-explorer.io/#/blocks/8886, this is less than 8 hours after BitShares 2.0 main chain launched.
- If you're worried that I have no experience with the BitAsset mechanisms, feel free to explore zebulon's history to see that I've been quite active in the markets.
- It's true that professors have a reputation for being good at talk and not at action, but I'm good at both; my activity on Steem gives some recent blockchain-focused examples: I created the STEEM sub-token POCKET (https://steemit.com/pocket/@biophil/pocket-announcement) as well as a simple AI-based curation bot the "gentlebot" (https://steemit.com/introduceyourself/@gentlebot/hello-steemit-i-m-the-gentlebot).
Quote
5. Bitshares lack of budget .
Think of this in amortized terms: $160,000 over two years is $6666 per month, less than half the daily worker budget at today's prices. Essentially, the proposal is asking for less than a 60th of the BitShares budget to support a full-time student and 2 months per year of my time to study low-volatility assets exclusively.