| 9 Jul 2018 |
 @bridge:decred.org | [slack/Haon] Speaking of technocratic councils, the guy who does the "proof-of-work" newsletter saw his zcash proposal censored from their forum: https://twitter.com/wheatpond/status/1015959666793345024 | 13:41:58 |
| @bridge:decred.org | [slack/Haon] He commented:
>To be clear, I’m not upset that my proposal for a Zcash fund was locked, it’s their forum and it’s up to them. I said I was surprised, because I was! I think it would have been more effective to allow debate, but it’s not up to me. | 13:42:30 |
| @bridge:decred.org | [slack/Haon] And also:
>I still really like Zcash, support the project, and hope it does well. I do think this episode showed some centralized weaknesses in the structure of the project, though, and I hope those get addressed. | 13:43:08 |
| @bridge:decred.org | [slack/jy-p] interesting. based on what i've heard regarding pay in the zec project, it sounds like it's being paid out pretty aggressively to founders, devs, etc | 13:43:53 |
| @bridge:decred.org | [slack/jy-p] needless to say, my USD 0 / yr compensation package is a huge drain on the decred ecosystem 😛 | 13:46:12 |
| @bridge:decred.org | [slack/lukebp] I think zooko’s founder reward is the equivalent of ~$500/hr using current exchange rates. To be fair, it was set at around $50/hr when zcash first launched. That seems pretty reasonable. I don’t think anyone was expecting the 2017 bubble to increase the value it as quickly as it did | 15:25:38 |
| @bridge:decred.org | [slack/lukebp] actually that’s wrong. It’s $500/hr if he’s getting paid all 24 hours of the day | 15:27:56 |
| @bridge:decred.org | [slack/jy-p] i had heard something like USD 4M/yr | 15:28:46 |
| @bridge:decred.org | [slack/lukebp] yeah ~$4M/yr is ~$500/hr when getting paid 24/7 | 15:29:49 |
| @bridge:decred.org | [slack/lukebp] so that’s right | 15:29:54 |
| @bridge:decred.org | [slack/Haon] The guy breathes zcash | 15:30:34 |
| @bridge:decred.org | [slack/Haon] That 24/7 payment is only fair 😄 | 15:31:26 |
| @bridge:decred.org | [slack/lukebp] yeah, that was a misleading way to write it | 15:31:49 |
| @bridge:decred.org | [slack/lukebp] Lookin at it in terms of USD is probably not the right way to do it. Looking at it in terms of % total supply makes more sense | 15:38:04 |
| @bridge:decred.org | [slack/lukebp] zcash’s founders reward is 10% of total supply. The thing I don’t get is that they take that full 10% of total supply during the first 4 years. Whose going to keep developing the project after 4 years? | 15:45:45 |
| @bridge:decred.org | [slack/lukebp] there’s no incentive to stick around after that | 15:46:04 |
| @bridge:decred.org | [slack/jy-p] stuff like this is precisely why i didn't drain the dev fund to pay c0 until the exchange rate improved in early/mid 2017 | 16:05:54 |
| @bridge:decred.org | [slack/jy-p] also, the policy of "spend it b/c we have it" is a shit way to run an operation, imo | 16:06:30 |
| @bridge:decred.org | [slack/dhill] but that is the american way | 18:11:27 |
| @bridge:decred.org | [slack/dhill] also | 18:11:35 |
| @bridge:decred.org | [slack/dhill] spend it b/c we dont have it | 18:11:44 |
| @bridge:decred.org | [slack/dhill] 🙂 | 18:11:46 |
| @bridge:decred.org | [slack/jy-p] the most american thing to do would be to spend it b/c we don't have it - then blame someone else for forcing you to spend it | 18:12:26 |
| @bridge:decred.org | [slack/dhill] then ask for bailout | 18:12:43 |
| @bridge:decred.org | [slack/jy-p] then sue them in civil court | 18:12:45 |
| @bridge:decred.org | [slack/dhill] for 10x what was spent | 18:12:59 |
| @bridge:decred.org | [slack/dhill] because of emotional turmoil.. debt collectors were calling nonstop! | 18:13:15 |
| @bridge:decred.org | [slack/jy-p] no *i'm* the victim here! | 18:13:31 |
| @bridge:decred.org | [slack/dhill] hashtag #governance | 18:14:02 |
| @bridge:decred.org | [slack/jz] Why do you hate freedom? | 18:14:33 |
