Author Topic: Multisig worker for funding of complementary tools  (Read 1063 times)

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Offline xeroc

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Multisig worker for funding of complementary tools
« on: March 14, 2016, 05:22:53 pm »
How about we setup a multi signature account that gets a worker and pays for services like

- basecamp3: https://bitsharestalk.org/index.php/topic,21910.msg285536/topicseen.html#new
- Slack Pro for a bigger message archive
- Docker Pro to be able to compile witness nodes in docker containers (maybe even windows executables)
- coveralls.io: for testing coverage of test cases
- jenkins build server

what else could be needed? There is plenty of reasons to have a community/shareholder managed fund available already!
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Offline dannotestein

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Re: Multisig worker for funding of complementary tools
« Reply #1 on: March 14, 2016, 05:24:11 pm »
 +5%
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Offline Bhuz

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Re: Multisig worker for funding of complementary tools
« Reply #2 on: March 14, 2016, 06:14:20 pm »
Absolutely  +5%

Offline hrossik

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Re: Multisig worker for funding of complementary tools
« Reply #3 on: March 14, 2016, 08:02:08 pm »
 +5%
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Offline CLains

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Re: Multisig worker for funding of complementary tools
« Reply #4 on: March 14, 2016, 08:03:33 pm »
There is plenty of reasons to have a community/shareholder managed fund available already!

Multisig is magic, let's use it! +5%

Offline xeroc

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Re: Multisig worker for funding of complementary tools
« Reply #5 on: March 15, 2016, 09:46:18 am »
So then, we need:

1) A large set of people that hold fractional permissions of the funds
2) A separated committee that manages manages funds and deals with the actual proposals
3) A campaign to let shareholders know about this

Would we want to go via flat hierarchy .. in the sense of a 10 out of 20 multisig
or would we want to use the full power of hierarchical multisig accounts .. such as
worker account/funds are controlled 50%/50% by committee-account (multisig of 11 or more) and a community-account (11 or more)?
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Offline roadscape

Re: Multisig worker for funding of complementary tools
« Reply #6 on: March 15, 2016, 03:05:26 pm »
Great idea..

So then, we need:

1) A large set of people that hold fractional permissions of the funds
2) A separated committee that manages manages funds and deals with the actual proposals
3) A campaign to let shareholders know about this

Would we want to go via flat hierarchy .. in the sense of a 10 out of 20 multisig
or would we want to use the full power of hierarchical multisig accounts .. such as
worker account/funds are controlled 50%/50% by committee-account (multisig of 11 or more) and a community-account (11 or more)?

How long until GUI wallet supports proposed transactions? That's the main obstacle in making multisig easy to use, correct?

If it will be a while, I say use a simpler flat hierarchy and maybe 6-of-11 multisig (possibly overkill).

Also one or more people will need to be selected as account managers.. so they pay for the service with a credit card, and this multisig account will compensate them via BitUSD?
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Offline xeroc

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Re: Multisig worker for funding of complementary tools
« Reply #7 on: March 15, 2016, 07:09:06 pm »
Also one or more people will need to be selected as account managers.. so they pay for the service with a credit card, and this multisig account will compensate them via BitUSD?
Very good point!

As for proposed transactions .. I think they are currently halted (although the code is finished) because the backend lacks a patch ..
https://github.com/cryptonomex/graphene/issues/442
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Offline puppies

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Re: Multisig worker for funding of complementary tools
« Reply #8 on: March 15, 2016, 07:23:32 pm »
I think this is a great idea.  If you need a US based individual to put stuff on a credit card let me know.
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Offline bitacer

Re: Multisig worker for funding of complementary tools
« Reply #9 on: March 15, 2016, 09:13:28 pm »
whats the max number of multisigs possible ?

Offline abit

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Re: Multisig worker for funding of complementary tools
« Reply #10 on: March 15, 2016, 10:22:42 pm »
whats the max number of multisigs possible ?

Code: [Select]
    "maximum_authority_membership": 10,
    "max_authority_depth": 2,
So maybe 10*10 = 100. I may be wrong.

Anyway you can try it on testnet: http://testnet.bitshares.eu/
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