Author Topic: BitShares Blockchain Foundation: **Budget workers**  (Read 446 times)

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Offline xeroc

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BitShares Blockchain Foundation: **Budget workers**
« on: December 07, 2017, 07:49:05 am »
Introduction
Budget workers serve as a budget that can be tapped whenever it is needed for purposes defined in the individual budget workers. This serves as working budget that is more flexible then static escrow workers in the way that it allows to pay many different people for their support out of a single purpose-specific fund. In a sense, you can see the famous BitShares-UI worker as a budget worker that is managed by @billbutler. With this worker, we've seen a flourishing development, countless improvements throughout the last couple of months and see need for further budgets.

This thread serves as a general discussion thread about the idea of budget workers and to list the budgets as they become ready for voting.

Budget Funds
Budget workers serve as workers that provide capital for specific purposes where escrow workers do not fit, such as translation work, bug fixing or bounties. The rules are as follows:

* BitShares Blockchain Foundation has an account (workers.bitshares.foundation) that is co-owned by committee-account and escrow partners.
* The BBF will redeem these funds on a regular basis and buy up bitUSD from the market (with reasonable premiums).
* For this reason and due to volatility of BTS, the available budget in USD terms might vary over time.
* The budget is controlled by bitshares.foundation who serves as an independent entity to supervise payouts.
* The amounts available for individual budgets can be obtained through transparent account (http://bitshares.foundation/accounting)

Beneficiaries of this models need to authenticate themselves against the BitShares Blockchain Foundation with their real-world identity.
Properly formatted invoices need to be sent that are published in the BBF's website.

Payments will be made only after receiving and approving individual invoices!

Of course, budget that is not used belongs to the BitShares DAC and will ultimately be returned to the BitShares reserves.

Budgets
Translations into (Simplified) Chinese
http://www.bitshares.foundation/worker/budget/2018-01-budget-chinese-translations





Accounting Report:
http://www.bitshares.foundation/announcements/2018-01-16-worker-accounting-report


Looking forward to the discussion.
« Last Edit: January 16, 2018, 09:03:51 am by xeroc »
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Offline Ravid

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Re: BitShares Blockchain Foundation: **Budget workers**
« Reply #1 on: December 07, 2017, 07:56:37 am »
Do I understand correctly that there will be a list of "jobs" published with a set bounty and anyone would be able to commit to a job they choose with a payment for the end result?

Offline xeroc

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Re: BitShares Blockchain Foundation: **Budget workers**
« Reply #2 on: December 07, 2017, 11:22:05 am »
Do I understand correctly that there will be a list of "jobs" published with a set bounty and anyone would be able to commit to a job they choose with a payment for the end result?
bounties for different jobs are one option (think implementation of certain features)
the other option is to have liquid capital to provide funding for people that just want to be productive in a certain area where work is needed, such as translations.
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Offline pc

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Re: BitShares Blockchain Foundation: **Budget workers**
« Reply #3 on: December 07, 2017, 03:48:57 pm »
* The BBF will redeem these funds on a regular basis and buy up bitUSD from the market (with reasonable premiums).
* For this reason and due to volatility of BTS, the available budget in USD terms might vary over time.

In my understanding, the idea of bitUSD-denominated workers was meant to protect both sides from BTS volatility. In this case this doesn't apply, particularly because the available budget as well as the spent budget will vary anyway.

Therefore, IMO, buying bitUSD is unnecessary in this case, and will only serve to subsidize bitUSD shorters, which I generally oppose.

Apart from this I think a budget worker would be a good idea. Our proposal process is too rigid and too complicated in many cases.
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Offline oxarbitrage

Re: BitShares Blockchain Foundation: **Budget workers**
« Reply #4 on: December 13, 2017, 01:31:27 pm »
i like the idea of having a fund for small and specific tasks. an example is the bitshares wikipedia page made by [member=45910]Ravid[/member] and many others. It will encourage more workers without the need of the full formal process for stuff that could be smaller or relative smaller in cost than the process of setting up itself.

Offline blockchainprojectsbv

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Re: BitShares Blockchain Foundation: **Budget workers**
« Reply #5 on: February 21, 2018, 10:58:42 am »
Dear BitShares community,

we want to inform in this thread that the chinese translation budget worker is now approved and the budget is filling up!
Thanks for the support to establish budgets for the BBF!

Since we are in charge of administration of said budget, we have reached out to our translation contacts to get the first article done, which is
http://www.bitshares.foundation/announcements/2017-11-30-cryptocurrencies-as-medium-of-payment

If you have any suggestions about articles you would like translated, feel free to give us a pointer!

Best regards,
 Stefan Schie├čl
 Blockchain Projects BV