| 19 Nov 2020 |
 Group (Telegram) | In a decentralized community, we do not call any communication channels as "official". All communication channels cannot function without certain level of moderation, and as a result, they cannot accommodate everyone's need. We always have to have multiple communication channels in place. | 20:14:39 |
| Group (Telegram) | If you see any channels claiming themselves to be "official", be aware that it's entirely false. In addition, be careful of scams! | 20:15:27 |
|  D (Telegram) joined the room. | 20:16:51 |
 Telegram Bridge | Forwarded message from channel Kulupu Announcement
https://twitter.com/kulupunetwork/status/1329516956802801664 | 20:19:39 |
|  Irek (Telegram) joined the room. | 20:19:58 |
|  Thijs (Telegram) joined the room. | 20:20:48 |
|  D B (Telegram) joined the room. | 20:20:52 |
|  TReijnd (Telegram) joined the room. | 20:25:56 |
|  Jim (Telegram) joined the room. | 20:26:11 |
| Jim (Telegram) | I heard about the treasury funding coming from hodl only wallets. Where can I find more information about this? | 20:27:31 |
|  Shawn Tabrizi (Telegram) joined the room. | 20:27:51 |
| Group (Telegram) | https://github.com/kulupu/kulupu/pull/100 | 20:28:22 |
| Group (Telegram) | It's basically direct minting to treasury voted by democracy. | 20:28:38 |
| Group (Telegram) | This was meant (and probably still is meant) to be tried, and as a replacement for mandatory taxation. | 20:29:14 |
| Group (Telegram) | The goal is to have more uniformity, so we have:
* Miner-minted voluntary taxation.
* Coin-holder-minted voluntary taxation.
Which I think is a better model compared with just mandatory taxation. If this doesn't work out as expected we'll just implement mandatory taxation instead. | 20:30:35 |
| Jim (Telegram) | So that means coin holder can vote. Not that coin holder have to pay? | 20:30:39 |
| Group (Telegram) | Yes. Coin holders can vote. | 20:30:56 |
| Jim (Telegram) | So when holding the coin, my coin stack is not decreasing over time? I just want to make sure. | 20:31:46 |
|  Support service Nadveri (Telegram) joined the room. | 20:31:54 |
| Group (Telegram) | We can actually deploy it quite soon, but we don't have any coordinators now, which means section (1) of our communication protocol cannot be initiated. https://wiki.kulupu.network/Network_upgrade_communication_protocol
To wait for section (2) of our communication protocol it's probably going to take several weeks to a few months. | 20:32:24 |
| Group (Telegram) | In reply to Jim (Telegram)
So when holding the coin, my coin stack is not decreasing over time? I just want to make sure. The absolute number of your coin will never decrease. But your relative share of coins will always decrease because of inflations. | 20:33:13 |
| Shawn Tabrizi (Telegram) | Why is the branding "mandatory taxation". Why not: "When a block is minted, the block producer and the treasury are both minted funds" | 20:33:19 |
| Shawn Tabrizi (Telegram) | its not taxation if the funds are not branded as owned by the miner | 20:33:43 |
| Jim (Telegram) | In reply to Group (Telegram)
The absolute number of your coin will never decrease. But your relative share of coins will always decrease because of inflations. Ok, thats clear...thanks | 20:33:51 |
| Shawn Tabrizi (Telegram) | having the treasury increase at a proportional rate to the miner rewards make sense to me in terms of keeping a relative balance between the two parties | 20:34:23 |
| Group (Telegram) | In reply to Shawn Tabrizi (Telegram)
its not taxation if the funds are not branded as owned by the miner Maybe you're right. But I guess the context I'm trying to have here is in comparison with "voluntary taxation". | 20:34:32 |
| Jim (Telegram) | Another question, is the proposal for 10 klp per block already passed? | 20:34:32 |
| Shawn Tabrizi (Telegram) | versus allowing democracy to determine the growth of council funds. | 20:34:41 |
|  Adrian Verde (Telegram) joined the room. | 20:34:56 |
| Shawn Tabrizi (Telegram) | Yeah thats fair, i understand the comparison to the current taxation system | 20:34:57 |
