Is this the same as phase 3 of the website? Jordan said that you were working on it, but he had to reprioritize and push it back so you could work on parametric order books instead. He said that phase 3 of the website would cost about $10,000 to build.
This is actually a project that could have used this feature. For example, let’s say we all agreed that we needed to save up $10,000 to build phase 3. Shareholders would then all vote for a specific redirect address. Once enough people were voting for this address, the protocol would ensure that any transaction fees would be collected there. If $10,000 was reached and people stopped voting for that redirect address, the protocol would stop collecting fees and transition back to destroying them. We could then use the 10,000 NuBits to fund phase 3 development. This process would allow us to raise funds without increasing either the NuBits or NuShares supplies. We would just end up recycling the existing NuBits supply for various uses.
On the other hand I think @masterOfDisaster is correct. As long as we know how many NuBits have been destroyed via transaction fees, we could just pass a grant for the 10,000 NBT instead. Redirect addresses would simply make the process automatic. I would say that this is a good idea, but it’s low priority functionality. We can always use grants in place of this, but it would be a lot easier if we had access to the phase 3 website, which should hopefully include lots of blockchain data, price charts and other important info shareholders will need. Number of NuBits destroyed via transaction fees would be some good info to keep track of.
