Author Topic: What is refund400k worker?  (Read 913 times)

0 Members and 1 Guest are viewing this topic.

Offline Thom

What is refund400k worker?
« on: April 25, 2017, 06:57:27 pm »
It is currently the only approved worker proposal that does NOT have a link to a proposal.

As I recall, this worker got voted in at the height of the anti-dilution / reduce spending campaign pushed mostly from eastern shareholders.

How does one find the proposal where the purpose of this worker is discussed? Why is it still voted in? Who / what account(s) are the recipient of these funds?
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline roelandp

  • Full Member
  • ***
  • Posts: 114
  • Witness, dad, kitesurfer, event organiser
    • View Profile
    • RoelandP.nl
  • BitShares: roelandp
  • GitHub: roelandp
Re: What is refund400k worker?
« Reply #1 on: April 25, 2017, 07:17:47 pm »
Hi [member=21490]Thom[/member] I was wondering about that earlier also and found this about it:

url=http://docs.bitshares.org/bitshares/user/worker.html#burn-worker]refund400k is a "Pseudo worker": [/url]
Quote
Refund Worker
This worker is used to set an approval limit for worker proposals and their payment by simply refunding his payment/salary to the reserve pool. If its amount of daily pay is as large as the daily available funds, and the worker has highest approval among all worker proposals, all funds will be returned to the reserves and no one will be payed. If, however, an other worker proposal has more votes than the refund worker, the proposal gets paid its salary, and the rest is return.

I think in this case it is even a 'burn worker' where the salary gets burned, as I can conclude from this topic: https://bitsharestalk.org/index.php/topic,20710.msg267263.html#msg267263
« Last Edit: April 25, 2017, 09:47:40 pm by roelandp »

Offline lil_jay890

  • Hero Member
  • *****
  • Posts: 1197
    • View Profile
Re: What is refund400k worker?
« Reply #2 on: April 25, 2017, 07:46:48 pm »
Hi [member=21490]Thom[/member] I was wondering about that earlier also and found this about it:

refund400k is a "Pseudo worker":

[quote url=http://docs.bitshares.org/bitshares/user/worker.html#burn-worker]
Refund Worker
This worker is used to set an approval limit for worker proposals and their payment by simply refunding his payment/salary to the reserve pool. If its amount of daily pay is as large as the daily available funds, and the worker has highest approval among all worker proposals, all funds will be returned to the reserves and no one will be payed. If, however, an other worker proposal has more votes than the refund worker, the proposal gets paid its salary, and the rest is return.

I think in this case it is even a 'burn worker' where the salary gets burned, as I can conclude from this topic: https://bitsharestalk.org/index.php/topic,20710.msg267263.html#msg267263
[/quote]

I believe this worker sends the remaining unspent funds/day back to the reserve pool... It does not burn, but there is a burn worker that has been voted in every once in a while.