I was going to work on developing this motion and hashing it today, but it occurred to me that it would probably work better to let FLOT members decide the pace of transition in real time, rather than trying to determine and mandate the pace of transition now via motion.
This isn’t really an issue in regard to FLOT’s NBT and NSR holdings, which will be granted directly by shareholders. Based on recent discussions, they will likely start by asking for a small grant and then ramp up. It doesn’t need to be regulated by motion.
Then there is the issue of the tier 4 BTC. For this I propose that FLOT members simply decide how to make the transition as they go. If 50% or more of FLOT members ask for funds from tier 4, it will be given immediately. I believe this is consistent with the passed motion to create FLOT, which states:
It doesn’t specify whether funds should be given all at once or incrementally. I’m happy to proceed at whatever pace 50% or more of FLOT decide is appropriate. Specifically, if there are 6 signers, and a signer posts they would like 50 BTC, another requests 30 BTC, another 100 BTC, another 200 BTC, and another 10 BTC, with one not saying anything, then 50 BTC would be transferred, because 50% of the signers requested 50 BTC or more.
I encourage comment on this plan. Does it need to be specified by motion, or can we just proceed that way?