[Passed] Grant for NSR buyback and PPC reserve operation calculator

[masterOfDisaster]

Should shareholders concern themselves with how much work a given change to the buyback calculation would generate?

No, but they should be aware, that they need to cover those expenses.
Running a business creates expenses - the efforts to calculate buybacks manually or automatically being one of them.

then divide the workload among NSR FLOT members in some way

Why do you think FLOT members are cheaper than mhps?

[Nagalim]

they need to cover those expenses.

Not if we’re paying mhps a constant rate. If we are paying a constant rate then all we need to do is make sure the work we require doesn’t exceed the threshold of what @mhps is willing to do. How much under that threshold is irrelevant. That’s why I prefer to pay for services rendered rather than an ongoing expense: so shareholders actually have a feedback loop when deciding what protocol changes to make based on cost of implementation.

[dysconnect]

Because the NSR group is more idle than the NBT group, and the NSR-only members cost about 400 NBT in total. mhps is right to ask for extra but there are ways to fit this in to FLOT NSR duties. If they feel they’d be underpaid it’s their question to raise. Of course, I won’t mind raising the overall FLOT compensation if it is found justifiable.

[masterOfDisaster]

A constant rate has risks for Nu as well as for @mhps - if the work is less than expected, good for @mhps; if it’s more, bad for @mhps!

What about leaving 1.) like it is and making 2.) a payment by FLOT up to x hours per month without further need to approve it.
From an administrative point of view, the conditions in 2.) should be part of the grant, because this way there’s no need to create and vote for a grant and a motion.
This way x hours per month at a rate of y USD/hour can be paid by FLOT for the services @mhps (or somebody else - just in case somebody else gets contracted, because @mhps is unavailable) provides for Nu.

If for whatever reason the required compensation exceeds what FLOT is entitled to pay, a grant is necessary and is under full control of NSR holders.

the NSR group is more idle than the NBT group, and the NSR-only members cost about 400 NBT in total

I’d rather not mingle one service with another.
If the NSR groups is more idle than e.g. the NBT group, the compensation for the NSR group should be lowered - or the compensation for more active groups should be raised; whatever seems appropriate.
I prefer keeping services distinct from each other where possible; makes it easier to keep an overview for responsibilities and performance and it reduces (potential) conflicts of interest.

[Nagalim]

2.) a payment by FLOT up to x hours per month

Basically this. I can’t help but think that an average of the last couple months will not be indicative of future activity.

[masterOfDisaster]

Well, then we can make it “up to z NBT per month” instead of “x hours per month” and the one who updates for the best price, can do it.
…only I don’t like that approach for reasons most of us know - it provides an incentive to do the job bad while fulfilling the requirements.

[mhps]

If we are paying a constant rate then all we need to do is make sure the work we require doesn’t exceed the threshold of what @mhps is willing to do.

A constant rate has risks for Nu as well as for @mhps - if the work is less than expected, good for @mhps; if it’s more, bad for @mhps!

@masterOfDisaster is right. Asking for a constant pay rate implies that I will accept any workload spikes. It’s a significant consideration and I am not sure it is a good idea.
I only used past workload to calculate pay rate. It doesn’t mean I’d work the same number of hours per week in the future.

I can’t help but think that an average of the last couple months will not be indicative of future activity.

Right. There are much more to do in the future – the comprehensive liquidity model, new reserves, new currencies … Nu has just become able to stand on its feet by shareholders instead of by JL alone. Shareholders start to see endless possibilities to shape Nu and try to implement the ideas. The work will be endless.

From an administrative point of view, the conditions in 2.) should be part of the grant, because this way there’s no need to create and vote for a grant and a motion.

Good idea. I put a motion there so that I can get paid at the end. But your idea has the same effect.

Well, then we can make it “up to z NBT per month” instead of “x hours per month” and the one who updates for the best price, can do it.

This would limit risk on both sides which I like. But the PM triangle cannot be cheated – there could be situation that work cannot be completed on time. I hope this is acceptable.

there are ways to fit this in to FLOT NSR duties

I will be glad if someone can post a competing proposal to take over maintaining and improving at a better price. This includes FLOT NSR if they can come to an agreement.

Note that some updating/improving work is easy and can be shared by anyone with some programming skill (e.g. JL’s BTC stash change), while some need keeping oneself updated of a thorough understanding of the full liquidity model and operation details. The later can take much more effort than most community members are willing to give as I observe. I certainly feel the per-month work is way more demanding than my BTC FLOT job.

I will adjust the monthly rate for a possible renewal proposal for the next term based on work/time spent in this 3 month term.

[mhps]

I have updated the proposal. Please let me know how it is.

[Cybnate]

The payment will be made by FLOT at the end of the 3-month term.

As you know I’m not a great fan of this because of centralisation (FLOT operating as a foundation) and transparency. To maintain transparency to the Shareholder, it requires FLOT to produce monthly or quarterly overviews of their books. Did you check with the team whether they are good with that?
I would rather see a grant proposal after 3 months where you present your services to the Shareholders and justify the costs.

[mhps]

it requires FLOT to produce monthly or quarterly overviews of their books

Producing report regularly is not a trivial thing to ask. I don’'t want to single out this one proposal of mine. I think a procedure needs to be defined among individuals who produce work, the FLOT, and the shareholders. Such procedure shouldn’t give too much discretion power to the FLOT, or burden shareholders with too many votings, or choke off contribution and innovation with too much bureaucracy. Maybe a dedicated thread should be open for this.

Anyway for this proposal, I am fine with being paid by a grant. Would you (and other shareholders) think this modification (bold) in 2a is good

The payment will be made by a grant proposal at the end of the 3-month term.

[Cybnate]

Maybe a dedicated thread should be open for this.

A few has tried, this is a topic with many questions and very few answers. It requires a certain consensus which will be difficult. That is why I asked in the first place when you presented this as payable by FLOT.

Anyway for this proposal, I am fine with being paid by a grant. Would you (and other shareholders) think this modification (bold) in 2a is good

As said, I’m good with that hope it pleases other Shareholders too.

[mhps]

The payment will be made by a grant proposal at the end of the 3-month term.

Modification applied to the OP. Any more comments and suggestions?

[Cybnate]

Any more comments and suggestions?

@cryptog , @crypto_coiner?

[mhps]

I see @cryptog liked PO. If there is no other comments I consider put the proposal on voting in 12 hrs.

[mhps]

I have added the B address and put the proposal on voting.

[masterOfDisaster]

What about hashing it?
If @assistant is asleep you can use Daology to conveniently hash motions or grants.

[mhps]

Oh yes. Who to ping to wake up assistant? It is down. I didn’t figure out how to write a proposal on daology. can it verify a hash?
I am traveling. Have to sign off now.

[Sentinelrv]

Oh yes. Who to ping to wake up assistant? It is down. I didn’t figure out how to write a proposal on daology. can it verify a hash?
I am traveling. Have to sign off now.

@woolly_sammoth

[Cybnate]

Will add to my datafeed once hashed.

[mhps]

@woolly_sammoth

@woolly_sammoth, assistant seems to be down again.